This application has been considered the next generation if Business Intelligence, it is designed to help organizations make efficient use of their financial, human, physical, and other resources.Īnother application worthy of mentioning is the Competitive Analysis tool.
It is a framework for automating, analyzing, and organizing procedures, metrics, processes and systems that drive business performance. This application is a set of specific processes designed to aid organizations in optimizing their business performance. Next we will take a moment to look into the Business Performance Management tool we spoke of earlier. Some of the main benefits of this tool include enabling the organization to make informed decisions, rapidly address problem areas, and re-position businesses to take complete advantage of emerging opportunities. This includes the status and the results of various operations, processes, and transactions. The goal of a Business Activity Monitoring tool is to provide up-to-date information about the status of an organization. Business Activity Monitoring is a business solution chiefly intended to provide an actual summary of company activities to operations managers and upper management. Business activities can be a business process that is a sequence of actions spanning numerous systems and applications, or it can be business processes that are orchestrated by the Business Performance Management tool. This tool concerns the aggregation, analysis, and presentation of real-time information about the activities within an organization and involving customers as well as partners. Now let us delve into Business Activity Monitoring. It is balanced to help provide a comprehensive view of an organization which in turn helps them to take actions that would be most beneficial to their business. This tool focuses both on the human and financial issues of a company. This tool was designed to measure whether the actions of an organization were helping it to meet its objectives. The Score carding tool was brought into Business Intelligence in 1992 by Robert S. The first tool we will investigate is the Score carding tool. These tools are helpful when a manager or executive wishes to view information pertaining to the general function of an area, this can range from the productivity to sales performance. Tools Used to Analyze Performance, Projects and Internal Operationsįirst we will look over the tools most commonly used to analyze areas such as performance or internal operations. In this article we are going to take some time to discuss the various applications that are normally provided with Business Intelligence Systems. Independent Validation and Testing Services.
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