Business Intelligence-Business / Alignment With The Business Strategy

The increased number of IT investment is applied in organization. It is clear that information technology has become the competitive fact in world business. Collaboration is the new trend in business world. No one can deny the importance of information technology application. Besides the profits outcome, the impacts of information technology deployment also create commitment, trust and value. Advanced information system can improve each steps of business process. It enables people to share information, performance task simultaneously and making decision efficiently. IT companies designed different products to satisfy each step of business operation in terms of manufacturing and human resources. Seminole should apply this new IT infrastructure to business operation. Firstly, company can use the transaction processing systems (IPS) to keep track of all business activities and transaction of the organization such as payroll and employee record keeping. IPS also shows all information from internal and external operation. Secondly, Business intelligence systems are designed for decision-making support. Management information system (MIS) is a system that helps managers to keep track of company performance status, which purposed for decision-making and evaluation. Decision-support system (DSS) is purposed for future business decision-making. Thirdly, Enterprise application systems are designed for integrating business process from different functions, such as supply chain

This report is an analysis of business intelligence systems currently available to our business. As an introduction, I will address in general terms why we need to purchase a business intelligence system and how it will aid our business. Then I will discuss several applications in detail, paying particular attention to the information and analysis capabilities of each, and the hardware and software required for each. Finally, I will conclude with a short evaluation of the products discussed and offer a recommendation as to the best application for our business. I will pay particular attention to IBM, Microsoft, SAP, and Oracle.

As we discuss the possibility of emerging into business intelligence software we must keep in mind the overall purpose of using any type of software is to reach strategic goals in order to increase market shares. I will discuss how business intelligence software will allow us to meet those strategic goals. We will establish what type of information and analysis capabilities will be available once this business intelligence software is implemented. We will discuss hardware and system software that will be required to run specific business intelligence software. Lastly, I will give a brief synopsis on three vendors (IBM, Microsoft Microsoft and Oracle) that are dominating the business information software industry today.

SYSCO was a highly decentralized business composed of over 100 operating companies. Senior executives believed in treating these companies as largely independent businesses whose leaders should be entrepreneurial and growth oriented. Consequently, operating company managers had substantial autonomy; they could market to customers and invest in their businesses as they saw fit.2

Companies are adopting business intelligence system within their organizations because by using the system reports they can gain the advantages of understanding their internal strength and weaknesses to face external competitors and challenges to increase profits and reduce cost on their everyday operations and processes.

This project is written to explain the processes involved in implementing a business intelligence system. It continues to describe the technologies involved in a business intelligence system, as well as the purpose of the system and how it can help companies become a leader in the industry. Lastly, the report contains facts about industries that have implemented a business intelligence solution, how they use it, and the benefits they reap from the implementation. The report covers multiple industries, but focuses on Chevron oil company and analyzes its business intelligence solution.

In this manner, for the achievement in the ERP, the association must have information of diverse signs around the procedure of BI since the significance of BI and ERP organization is regularly perceived. This paper audits the reconciliation of ERP and BI frameworks and how they cooperate to improve authoritative execution. It first investigates the hindrances confronting ERP frameworks and their requirements for coordination with BI.

Business intelligence systems combine operational data with analytical tools to present complex and competitive information to planners and decision makers. Their objective is to improve the timeliness and quality of the input to the decision process. Business Intelligence is used to understand the capabilities available in the firm; the state of the art, trends, and future directions in the markets, the technologies, and the regulatory environment in which the firm competes; and the actions of competitors and the implications of these actions. The emergence of the data warehouse as a repository, the advances in data cleansing, the increased capabilities of

Business intelligence is the ability of a business to be able to extract actionable insight from business as well as market data, which is used to make better decisions in business; and to improve the corporate performance of the business. Business intelligence must exist for businesses in the world today to survive(Electrosmard Ltd). Almost every business today worth its salt is looking for the appropriate business intelligence technology in order to survive in today’s fiercely competitive world. Business intelligence also helps companies and businesses to survive during hard economic times. During such periods, it is not a surprise to find companies still spending on the processes of business intelligence because without such solutions, there is no business at all. In any case, there is a business; it is most likely on the decline in terms of productivity and revenues. Business intelligence is not a onetime thing; it is an ongoing process. Business intelligence goes on as long as the business is still running; the business intelligence continues to exist too.

when required. At the end of the report, useful recommendations are also made which can be

Business intelligence (BI) is a technology-based procedure for analysing data and giving decision based information to help corporate executives, business managers and other end users make more informed business decisions. BI comprises a variety of tools, applications and methodologies that enable organizations to collect data from different sources such as internal systems and external sources, prepare it for analysis, develop and run queries against the data, and create reports, analytic dashboards and data visualizations to make the analytical results available to corporate decision makers as well as operational workers. Simply put, Business Intelligence is technology process that assists in the conversion of raw data into meaningful information. It helps you analyse the past and come up with the strategy to improve the future. When organizations carry out their day- to -day operation, raw data is generated and mostly stored in a database .This data needs to be analysed and meaningful information extracted from it. Based on this output, come up with future strategy that will grow the company. Making future decisions directly from raw data is impossible as a result there is need for the data to be converted into meaningful data. Management makes use of this information to take fact based decision that will result to a better future. The data used for Business Intelligence analysis comes from OLTP (Online transaction processing).These are daily transaction that takes place

Traditionally, business intelligence (BI) has been used as an umbrella term to describe the concepts and methods to improve business decision making by using fact-based decision support systems. BI also includes the underlying architectures, tools, databases, applications, and methodologies. BI’s major objectives are to enable interactive and easy access to diverse data, enable manipulation and transformation of these data, and provide business managers and analysts the ability to conduct appropriate analyses and perform the actions [Turban et al. 2008; Wixom et al. 2011]. Successful BI initiatives have been reported for major industries, from healthcare and airlines, to major IT and telecommunication firms [Anderson-Lehman et al. 2004; Carte et al. 2005; Turban et al. 2008].

The rapidly changing environment of business technology and communication complied with rising global competition forces organizations to maintaining efficient and resourceful business tactics. Business organizations need to be continuously upgrading their business processes. These processes are the ways in which these different business organizations perform their operational tasks. The resources that these companies utilize are the necessary tools that help them accomplish their specific goals and defined objectives. Organizations who for the most part are constantly competing now require tools that are effective and efficient. Tools such as effective information systems and policies that provide would them access to important and reliable information so that they can maintain a competitive edge.

Information Technology (IT) is a critical and, oftentimes, complex component of an organization’s structure. Despite its importance, IT is often viewed as a ‘black hole’ by senior management of organizations- consuming valuable resources and assets. Unfortunately, this mentality can greatly hinder the economic advancement capabilities and capacities of an organization. As previously indicated, IT is a critical component to both the daily and future business needs of an organization. Senior managers of organizations must view IT as an essential piece of their company’s portfolio that can greatly increase the organization’s efficiency, earning potential and innovation.

The worldwide information landscape is changing rapidly due to innovation in technological solutions. Technological solutions play a crucial role in decision-making through analysis of a massive data or big data. The explosives changes in the supply and demand of the market require firms to respond proactively and spontaneous. Accordingly, enterprises managers should be able to collect, filter and analyze the enormous amount of data from many sources in real-time. Therefore, organizations turned to use technologies for decision-making, solve the complex and challenging business problems. The tools used to support decision-making has become very wide and filled with the buzzwords. In this report, we will outline the connection between the two types of software solutions that support the decision-making process; Decision Support Systems (DSS) and Business Intelligence (BI).