Is It Time for Business Intelligence?

In recent times we have been facing new challenges such as process re-engineering, 2000, ERP (enterprise resource planning), more recent business intelligence, balanced scorecard, CRM (customer relationship management), SCM (supply chain management) between other acronyms but surely each and every one of them had and have their justification to break into the coveted market of information technologies.

In the following lines I will try to find the answer to the question of business intelligence.

Business intelligence refers to the grouping of granular information for distribution to the directors of the business lines in order to find among other things for example, sales trends, consumer habits and metrics to define the performance of the company and to generate an action.

Many solution providers have launched fabulous tools including Oracle, IBM, Microsoft, SAP, Cognos, Business Objects to name a few not necessarily in order of importance and which are best known in the local market and clear is that investments are not cheap considering the economic crisis and its earlier investments in ERP’s and 2000. These solutions cover much of what the concept entails.

But why now is the time for business intelligence?

I think companies have become more analytical than before due mainly to three impacts that companies have suffered in the way of addressing problems and finding solutions:

• Process Re engineering.
• ERP’s and embedded systems.
• Competitive business line and ready.

Re-engineering has taught us to use metric and make a constant assessment of the results, the ERP and integrated systems have allowed us to have the power to take the pulse of the company and verify real-time performance and ultimately the competitive labor market has allowed employees to have better prepared and less traumatic relationship with information technologies.

The business lines have been mainly this impact and this has allowed them to evolve. They have spread the good management practices and do not by intuition but backed metrics and acute analysis of trends, patterns, behaviors, monitor the critical control factors, and so on.

Found in lines of business, employees who have completed specialized courses, masters, MBA (master of business administration), or people who have gone through profound processes of change using information technology and customer profiles for analytical excellence of a solution business intelligence.
Business Intelligence offers for this new business line access to large volumes of information that will answer selected questions, which may be presented in very sophisticated ways without the intervention of programmers and / or systems analysts.

It is obvious that if your organization does not have a business line ready for this challenge, this experience becomes a nightmare or perhaps a “opportunity” to promote another acronym of many that will appear in this dynamic market of information technologies.