Archive for the ‘Business Intelligence’ Category
Business intelligence Strategy
Business intelligence Strategy
Why a Business intelligence strategy
Developing your Business intelligence Strategy involves first considering your organizations vision and mission. Melding the corporate strategy with your business intelligence strategy will make a winning combination.
Business intelligence Elevator Speech
To get key players on-board with your BI initiative you need an ‘elevator speech’. This allows you to quickly give stakeholders your idea. Your elevator speech should be: “Business intelligence allows data to be transformed into knowledge that fuels business growth. Business intelligence allows better, more informed and faster decisions.”
Key players
There are a number of key players to include in your Business intelligence strategy and initiatives.
- Leadership Key
- Decision Makers
- Business Analysts
- Information Technology
- Other stakeholders
Essential Elements of Business intelligence
- Good information
- Secure information
- Accessible information
- Analytically structured information
Goal of Business intelligence: enable better, more informed and faster decisions
How do we enable better, more informed and faster decisions
Different business intelligence tools address these factors in different ways. Reporting delivers regular, timely information, with the ability to author reports or queries to get specific details. OLAP analysis, with its multiple dimensions, allows you to compare and contrast information against time and other factors to uncover trends. Scorecarding presents your key performance metrics and whether you’ve cross pre-determined thresholds. Executive (Data) dashboards put information in context, and in an easy-to-understand format.
