Discuss About The Understanding The Determinants Intelligence.
With the increasing ramified economic changes and complex business structure, business intelligence has gained momentum throughout the time.
Business intelligence consists of strategies and technologies that are used by the enterprise in the business for the data analysis of business information. The aim is to provide the business with the easy interpretation of the big data. Identifying the new opportunities and implementing the effective strategy based on the function of the business can provide the business with the competitive market advantage and long-term strategies (Boselli, et al. 2017).
The some of the characteristics of the business intelligence that are common in today‘s world:
Self – service reporting should be one of the key business intelligence features that user should look for when evaluating reporting solutions. A self- service solution allows the user to generate their powerful reports, without the requirement of the technical skills.
One of the most important business intelligence features is fast implementation process. A term of the expert is appointed at every stage of the business throughout the implementation process. The term is of skill person are appointed so that there is no delay in the working and work can be done on time.
The users can ask and answer the questions that are put on them. They can also quickly compare the performance over time, customers sectors that deal with the customers and the geographies.
Users should not worry about the complex queries damaging the performance of the company- Analysis happening in- memory is away from the production system.
There is no use of creating these reports if these reports are not used in the way they are to be used by the people and do not reach the people who can truly benefit from these reports.For this reason, reporting scheduling is one of the features of the business intelligence that we can expect business intelligence and the reporting solution.
With the busy ongoing life of the people, it is crucial that they can easily access management information wherever they are with the help of their mobiles and tablets, this has led to a huge surge in the demand for the mobile BI capabilities- till 2013 the growing tools has raise from 42% and this features is expected to rise in the coming years and it will continue to become one of the important features of the business intelligence features in the today’s market world.
Data warehouse: It is totally possible to have the successful business intelligence solution without having the data warehouse. But having this, will only benefit user and will supercharge their business BI strategy, and making it one of the important features of the business intelligence (Hair et al..2015).
Data warehouse transforms the ease with which users can use their investment in business intelligence and greatly enhances the power and performance.
Data visualization: Data visualization has been a major component in the overall effort to make business intelligence more mainstream and widely accessible. It has become one of the business intelligence features in the recent years.
In the advanced stage of the business, it has become important that information should be communicated across different levels of the business. The data visualization can allow the user to present the large volume of the data in a much more simplified and user-friendly manner.
There are several advantages of the business intelligence that can create competitive opportunities for enterprise (Ivan, 2014).
The business intelligence produces the company with lots of benefits it can eliminate lots of the guesswork within the organisation and help to increase the communication and coordinate the activities in the organisation, and help the companies to reposed immediately to the financial conditions, customers performance one of the most important topic, and the supply chain operations the BI is used for improving the performance of the organization at the wide level.
Information that is collected is treated as the second most important resources so that the company can take the effective decisions on the accurate time will take the consumer satisfaction in mind (Laudon, and Laudon, 2015).
As the time is going the business have changed the lot the way of dealing with the customers have reverse completely how it is possible to reach users’s customer anywhere, everywhere, and anytime. But for doing that there should be a lot of coordination between the people so the features of the business intelligence play a key role in the life of the business.
As we have seen in the companies that the work is transferred to the different stages but the business intelligence changed it now the people are self-responsible for their work they have to provide self-service the work is only given to the person who specializes in their work. The work is done in the best way possible (Lei, Yifei and Yi, 2015).
As the business environment is growing so fast that the work should be done as fast as possible there should be fast implementation so all the things in the organization the customer’s problem should be handled immediately and the solution should be provided to them in such a way that the customers are satisfied. The strategy should also be implemented at the right time so that the resources are not wasted, and we can get the expected result that we are expecting while making the strategy. And for the fast implementation of the work the skilled person should only be appointed at the correct place, so we can see that fast implementation is one of the advantages of the business intelligence in the today’s market world (Pichler, 2015).
The business is expanding with the great speed and there are so many documents and files that are prepared so it is very important that there should be report scheduling in the organization. Work that is done should be available at the correct time we the user need it, if this is not the case then there is no use for the work to be done and all the work that is done will be wasted, so when the report scheduling is done the files are arranged in the prepare format and is available at the time when the user needs them.
The security plays the key role in the business organisation as the data that is there in the company cannot be made available to all the people in the organisation only a few people can only be known about it so it is very important to have security and for that security there are lots of measures that are taken by the security department of the organization (Popovi?, et al. 2014).
After analyzing all the details of the BI tools and its impact on the business organizing, it could be seen that the characteristics of the business environment have the huge advantage in the expertise (Chen, et al. (2012).
With the expansion of the business, each and every business needs to adopt business intelligence tool in their value chain activities to increase the overall outcomes of the organization. There are several current issues with the business intelligence tools which have been faced by the organization.
The complication to handle the business intelligence tool- It is analyzed that use of business intelligence tools and its uses in the processing system increases the complexity of the business. Only a few of the people know the process to handle the business intelligence tool in the organization which resulted in the increased cost of the process and less implication of the adopted business decisions.
Reporting analyzing across multiple systems- Top management faces issues related to reporting analyzing across multiple systems in the process organization. Most companies collect data with the help of new business tools process system. The problem is related to data which often spread across a verity of the different system and software’s which becomes complex to manage the data in an efficient manner (Power, Sharda & Burstein, 2015).
Unlocking data buried in the system- It is the biggest issues which resist organization to make the effective business decision on the basis of the imperative decision. It is analyzed that even if the user knows where the data is but it does not necessarily mean whether it would be accessible to the user or not. These issues increase the complexity to read the data for the efficient decision making in the organization.
Uploading and pulling data from the server- After analyzing all the details, it is inferred that organizations are facing issues related to uploading and pulling data from the server. It becomes complex when an untrained person does it in the absence of the trained employees. It requires proper training and development program to upload the pulling data from the server.
The increased cost of production for business at the initial level- The business intelligence tools requires the hiring of experts employees who are efficient in handling the upgraded BI tools. In addition to this, adapt to the advanced technologies, the organization needs to arrange proper training and development program for employees which will increase the overall outcomes of the business. Therefore, it could be inferred that at the initial level, the company faces the high amount of cost for installing new BI tool in business which may impact the cost of production of business (Prabhu, et al. 2017).
BI-centric collaboration- It may be hard for the organization to cope with the advanced features of BI which may affect the organizational culture. The company needs to arrange proper department to evaluate whether the BI implemented has centric collaboration in the business process. Therefore, it could be inferred that company needs to set up BI based organization culture to promote the innovative business process (Anandarajan, et al. (2012).
After analyzing all the issues and challenges of the BI in business, it could be inferred that BI should be adopted in the organization after following proper analytical program and training program. It will not only assist the organization to increase the overall outcomes of the business but also establish automation in the business process. This could be understood with the clear example that Cosmos café in New Zealand adopted BI system in an organization which set automation in its business process and establish online business chain for its clients. However, due to the non-efficient employees and less effective training program, it failed to manage the BI system in business and mismanaged its business process system. The success of the BI adoption is highly based on the employees training program and efficient business functioning (Puklavec, Oliveira and Popovi?, 2017).
According to the list of the best BI tools, there are several BI tools which could be used by the organization to manage its complex business structure and complex issues program in the value chain activities of the organization (Qureshi, Khan and Saif, 2017).
It is one of the leading BI tools in market which has a high capacity to collect the required data and manage it for the future business decision. Users could easily use Sisense BI system tool to keep the data safe and secure on clouds. It could be accessed by only authorized users to pull the query from the system. It contains all the basic feature of the BI tools and assists management to bifurcate the collected data in determined approach (Sanyal, et al. 2018).
It is accompanied by the BI tool software application which assists management to make use of all the online application in its value chain activities. It establishes nexus with its on-the-fly-authentication and authorization on all the combine and connected data in the designed syste
Domo’s business optimization software BI tool brings together all the people, data, and insight business users to identify the details about what is happening in the particular process of organization. It also assists in the management of the confidential information of the business to make effective business decisions (Sauter, 2014).
This IBM Cognos intelligence BI tool assist organization set multiple uses of the excessive reliance program for the better handling of the process issues. The new IBM Cognos Intelligence is installed in the business process of the organization so that communication and process functions could work through the set one dashboard mechanism (Grigori, et al 2014).
After analyzing the benefit of the different BI tools, it is inferred that IBM Cognos Intelligence BI tool is the best BI tool for the organization with the complex structure, it assists in setting effective communication program and internal control system. The Domo BI tool is also the good tool but due to its high complexity and training program, it is not viable for the success of the organization. icCube BI tool is also having the security complexity which may result in business destruction by the ill-intentioned person in case if proper safety measures are not taken into consideration. On the other hand, Sisense may increase the overall effectiveness of the work (Sayedi, Ghafari, and Hojati, 2017). These different tools given have their own intents and suitability of these BI tools could be measured on the basis of nature of business, complexity and value chain activities. However, IBM Cognos Intelligence BI tool will be more useful as standard business BI tool which would assist organization to increase their overall return of busienss. Therefore, in the end, it could be inferred that IBM Cognos Intelligence BI tool is the most effective tool for the efficient business functioning of the organization. Nonetheless, proper training program would be required to set up this upgraded business channel.
Conclusion
After analyzing all the details of the BI tools it could be inferred that BI technologies provide all the historical current and the future predictive views of the business operations. The business intelligence is used for handling the structured and unstructured data to help identify, develop and create the new strategies for the business opportunities. These various BI tools assist in handling the complex work in an efficient manner. However, Cognos BI tool is the most effective tool for the business organization to add up new advanced technical features in the value chain activities of the organization. Now, in the end, it could be inferred that if business organization want to install new BI tool in its business then it first needs to focus on the safety and security measures by installing anti-virus software’s to keep the data secure from the ill-intentioned users.
References
Boselli, R., Cesarini, M., Marrara, S., Mercorio, F., Mezzanzanica, M., Pasi, G. and Viviani, M., 2017. WoLMIS: a labor market intelligence system for classifying web job vacancies. Journal of Intelligent Information Systems, pp.1-26.
Broda, T., Oracle International Corp, 2015. Method and apparatus for a multiplexed active data window in a near real-time business intelligence system. U.S. Patent 9,094,258.
Caseiro, N., & Coelho, A. (2018). Business intelligence and competitiveness: the mediating role of entrepreneurial orientation. Competitiveness Review: An International Business Journal, (just-accepted), 00-00.
Gaardboe, R., SVARRE, T. and Kanstrup, A.M., 2015. Characteristics of business intelligence and big data in e-government: Preliminary findings. Electronic Government and Electronic Participation, pp.109-115.
Hair Jr, J.F., Celsi, M., Money, A., Samouel, P. and Page, M.J., 2015. The essentials of business research methods. Routledge.
Ivan, M.L., 2014. Characteristics of In-Memory Business Intelligence. Informatica Economica, 18(3), p.17.
Laudon, K.C. and Laudon, J.P., 2015. Management Information Systems: Managing the Digital Firm Plus MyMISLab with Pearson eText–Access Card Package. Prentice Hall Press.
Lei, H., Yifei, H. and Yi, G., 2015, July. The research of business intelligence system based on data mining. In Logistics, Informatics and Service Sciences (LISS), 2015 International Conference on (pp. 1-5). IEEE.
Pichler, G., 2015. Intercultural Business Intelligence-Cultural Characteristics.
Popovi?, A., Hackney, R., Coelho, P.S. and Jakli?, J., 2014. How information-sharing values influence the use of information systems: An investigation in the business intelligence systems context. The Journal of Strategic Information Systems, 23(4), pp.270-283.
Power, D. J., Sharda, R., & Burstein, F. (2015). Decision support systems. John Wiley & Sons, Ltd.
Prabhu, P., Werther, B.M., Beyer, K.S., Eshleman, J.G. and Mulholland, J., Workday Inc, 2017. Systems and methods for interest-driven data visualization systems utilized in interest-driven business intelligence systems. U.S. Patent 9,824,127.
Puklavec, B., Oliveira, T. and Popovi?, A., 2017. Understanding the determinants of business intelligence system adoption stages: an empirical study of SMEs. Industrial Management & Data Systems, (just-accepted), pp.00-00.
Qureshi, N.A., Khan, B.A. and Saif, J.A., 2017. Business Intelligence Systems in the Holistic Infrastructure Development Supporting Decision-Making in Organisations.
Sanyal, M.K., Biswas, B., Roy, S. and Bhadra, S., 2018. A Proposed Model to Integrate Business Intelligence System in Cloud Environment to Improve Business Function. In Information Systems Design and Intelligent Applications (pp. 282-292). Springer, Singapore.
Sauter, V.L., 2014. Decision support systems for business intelligence. John Wiley & Sons.
Sayedi, M., Ghafari, P. and Hojati, E., 2017, December. Analysis of the Effects and Factors of Implementing Cloud Business Intelligence in Banking Systems. In Proceedings of the10th International Conference on Utility and Cloud Computing (pp. 197-198). ACM.
Turban, E., Sharda, R., & Delen, D. (2011). Decision support and business intelligence systems. Pearson Education India.
Chen, H., Chiang, R. H., & Storey, V. C. (2012). Business intelligence and analytics: from big data to big impact. MIS quarterly, 1165-1188.
Anandarajan, M., Anandarajan, A., & Srinivasan, C. A. (Eds.). (2012). Business intelligence techniques: a perspective from accounting and finance. Springer Science & Business Media.
Grigori, D., Casati, F., Castellanos, M., Dayal, U., Sayal, M., & Shan, M. C. (2004). Business process intelligence. Computers in industry, 53(3), 321-343.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download