Business Intelligence Know-how – How one extracts Information from Data
- How does Business Intelligence achieve transparency?
Business Intelligence brings transparency to business processes. Through Business Intelligence, knowledge is gained that assists in making the correct decisions and in improving the business processes.
The transactions of every business process manifest themselves in the company’s ERP systems. Data integration processes consolidate and validate these transaction data and provide a dispositive database for evaluations and analyses. Several types of evaluation deliver information from the dispositive database to the information consumer:
- Standard reports are publicised at regular intervals.
- Users with a corresponding knowledge of a query tool can evaluate the dispositive database themselves.
- Specialists compile forecast models on the basis of the dispositive data.