Seeking answers to key business questions.
MICROSOFT BUSINESS INTELLIGENCE STRATEGY DRIVERS
In addition, strategic intelligence provides the base for forecasting, goal-setting, planning and direction. Basically, strategic BI improves a business process by analyzing a predetermined set of data relevant to that process and provides historical context of data. Strategic Business Intelligence also known as auto-delivered intelligence is often associated with reporting from an analytical data source or data warehouse. Most of the organization would like the account manager to know intelligence about the customer’s credit status and whether he has any overdue invoices. Consider an example of operational intelligence where an account manager in an organization makes an entry of a new order for the customer. From an organization perspective, the identity and properties of task help the employee to complete the assigned work in a specific time frame. This is mainly because operational intelligence emphasizes on standard tasks that employees need to complete. There are instances in a business organization where managers deliver anticipated information in such situations operational business intelligence is the best preferred over strategic intelligence. When decision makers stand on the option they “don’t know” strategic BI is adopted. When managers have a good idea of what they wish to analyze sales figures or customer satisfaction stats but they are not aware of the end results then most preferred tool is strategic business intelligence. There is a cloud of debate among decision makers in business to choose the type of BI they should adopt. They aim to allow for the easy interpretation of these big data to identify new opportunities and implementing an effective strategy based on insights that can provide businesses with a competitive market advantage and long-term stability. BI technologies can handle large amounts of structured and unstructured data to identify, develop and create new strategic business opportunities. BI comprises strategies and technology used by the enterprises for data analysis of business information. Cryptocurrency Analytics Insight features top news, insights and articles on Cryptocurrency covering the latest technology developments in the industry across the world.īusiness intelligence is a technology-driven process for analyzing data and preparing actionable information to make data-driven decisions.Cybersecurity Analytics Insight features top news, insights and articles on Cybersecurity covering the latest technology developments in the industry across the world.