Executives and Manager managing business are challenged for new avenues to improve the business and economic conditions make it challenging. The challenge is to do more with less and to make better decisions in a competitive industry. DWBI environment provides access to actionable data to take action in a short time. The convincing reputation of DWBI in the industry helped BI continued growth.
Operational or Transactional data is scattered and do not provide an easy insight into it for Executives and it makes difficult for them to make decisions based on the data. They expect and need information on time to quickly take decisions. So this helped the DWBI projects to grow in last decade.
Business Intelligence provides relevant data to allow you to analyze current and long-term trends, alert you instantly to opportunities and problems, and give you continuous feedback on the effectiveness of your decisions.
Business Intelligence was always part of an organizations decision making process. Executives and Managers were using tools like Excel, spreadsheets, Access database, reports running against operational data and Ad-reports. Though they were solving the purpose but not in the required pace. In the last decade we saw the power of computer raising and growing to unexpected heights. To add the strength companies added the power with tools to build and maintain a powerful Data warehouse and Business Intelligence environment. BI companies competing with each other helped the industry with tools for all kinds of company’s small to big with right price and capabilities. The big players that pioneered BI made an important discovery – the path to true business intelligence passes through a data warehouse.
DW stores Data from Disparate Sources in a Single Database
Benefits of Data warehouse and Business Intelligence:
Historical data is maintained for future analysis and easy to maintain the regulations.
Does not impact Operational process because of user queries and reports.
Data is pre-aggregated and calculated and ready to use for reports
Improves turnaround and performance for analysis
Metadata is created and maintained for processing and users benefits.
Facilitates Ad-hoc reporting, Analysis and Self service
Score cards and KPI’s can be presented in the form of Dashboards.
Allows drill down on to details in summarized reports
Provides Data-mining and trending