Business Intelligence - Action from Insight
Business decisions based on true insight and analysis.
"Business Intelligence refers to the presentation of business information
to support better business analysis, reporting and decision making
to enable effective Enterprise Performance Management."
3 components of traditional BI solutionsA data warehouse or a data mart - a repository where related data, such as financial, customer and product data, from various operational systems is organised allowing queries of data to be performed efficiently. An industry- or department-specific application - an application which holds business rules, metrics and KPIs for processing data into meaningful information for effective analysis and reporting. A front-end user interface - usually in the form of graphical dashboards or various ad-hoc reports allowing drill down analysis and KPI tracking via balanced scorecards. Challenges of traditional BI solutionsApart from being highly complicated, inaccurate and costly to maintain, traditional BI solutions are plagued with challenges including;
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Oracle's BI System - What you need to knowOracle BI Enterprise Edition Plus (OBI EE+) Suite is the leading BI Platform which provides dashboarding and ad-hoc reporting capabilities from a range of data sources and applications including Oracle E-Business Suite, PeopleSoft, Siebel, as well as third party systems such as SAP. What makes OBI EE+ the leading BI Platform is its pre-built Oracle Business Intelligence Applications enabling intuitive, role-based analytics and reporting capabilities for various roles in an organisation. Some of the Applications include Oracle Financial Analytics, Oracle HR Analytics, Oracle Supply Chain Analytics and more. The benefit of these Oracle Business Intelligence Applications is that they enable FASTER, BETTER and CHEAPER analytics and reporting for all major business areas than ever before;
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