Accumulation of data is good;it is even best start for businesses. But then data is nothing. What would you do for a set of numbers, reports, customer information, transaction, etc? Nothing. They are useless. So how does it become of use to you as the business provider and even to your customers?
Data needs to become information before it can become the force in your business. It should be combined, sifted, put into context, related and analyzed, only then that you can find its significance. After that, you will be able to make use of it in your company processes, for your managers, supervisors and employees. But how does data becomes intelligence? What is business intelligence? Who implements it?
BUSINESS Intelligence in a Capsule
BI is the ability and process that involves a company’s collection, maintenance and organization of data. These data is sifted and haggled by the BI to come out with meaningful information that will aid the furtherance of a company’s business goals.
But it isn’t only that. Business intelligence serves an advantage over competitive companies and it can be a start of a strategic plan for the company. BI today can be readily available or can be developed to your advantage. But the next question is, where do you get it, who implements and maintains it?
Putting Up a BI Team
You can easily have your BI, thanks to software vendors. But then it may prove to be too hard to handle if you are new to it. Or you need a BI team for this. But how do you put up one?
Build a hierarchy or responsibility. Start a structure that establishes guidance as well as boundaries. Assign roles apt for the capacity of the person taking it. Start with leader, the initiator, build rules and put up even the smallest roles upfront.
Have experts. You can have consultants or you can train your people. They will be the definitive guide as to how to use the software to your organizations advantage or what data is needed by the user to come up with the best result.
Do not only keep all the work to the IT department. Bring in all the business users and the executive people. There are certain things that only the business handlers will be able to do such as some business accuracy. These will help in building more information that is business related and not on IT information alone.
Use the BI processes to solve problems. This will help in resolving past issues and even future ones. It can tell of a future status through data analysis. This will be proving valuable to your organization and of course with the help of your BI team.
With competitions today in the business market, one cannot just afford to be left behind. Business intelligence might do the difference in your mediocre business or organization. But of course a good team to establish and even maintain it is the key. So why not try your business hand on it now?
Author: Rose is loves all things geek – programming, gadgets, software, sql servers, business intelligence and more. You can find more in-depth information, news, reviews about sql and business intelligence at Wardy IT.