The Technical System: Information, Information Technology, and Information Systems

: Business Intelligence Systems

In the Information Age business organizations around the world feel the acute need of technical tools that will streamline the information available into knowledge base which will subsequently assist them in their decision making processes . In today 's competitive environment information requirements are assessed more on weekly basis and consequently decision support systems (DSS ) have come to play a crucial role in the day-to-day operations of the corporation . Business Intelligence (BI ) tools provide an organization with structured analytical data to enable them in faster decision making

Business

Intelligence is not limited to the tools that are used but it needs to be understood in a much broader framework . Business Intelligence comprises of processes , technologies and tools that convert the existing data assets into information , information into knowledge and ultimately into business plans that will drive the business into greater operational excellence . A typical organization has multiple data assets at its disposal and unless these data assets are transformed into actionable plans they remain useless

Business Intelligence framework acts as an enabler that helps in the transition of disparate data assets into an actionable knowledge base Key Performance Indicator (KPI ) is one of the objective measurements of business aspect that depicts the critical factor driving the business forward . Such a conceptual business scorecard may include various critical factors like customer satisfaction , productivity , supply chain management and profitability . All these factors tend to be scattered in disparate systems when an organization does not deploy Business Intelligence tools . Business...