In the corporate world, information is a valuable and critical asset that a corporate enterprise or a business organization needs to carefully manage, organize and accumulate to facilitate prompt and easy access the end users of such information in management of the corporate enterprise. This is the reason why corporate enterprises and entrepreneurs implement business intelligence systems and strategies to solve this problem. Business intelligence systems are critical in ensuring smooth and uninterrupted flow of relevant business information promptly to any level of the management in a corporate enterprise or business organization without having to compromise on security. This enables the management of a corporate enterprise or entrepreneur to take the appropriate decisions to ensure the survival and competitiveness of enterprise in its business environment.
Charles Phillips, the CEO of Infor and a prominent expert of business intelligence solution explains that business intelligence systems enhance the availability and timeliness of the information that the management of a corporate enterprise requires. With the aid of business intelligence systems, it is possible for the management of a corporate enterprise to access the relevant information they need promptly regardless of where the corporate enterprise stores such information. The successful implementation of business intelligence systems helps corporate enterprises to reduce their overhead cost on storing and handling such information considerably. Moreover, the successful implementation of business intelligence systems enhance the planning and forecasting efforts of the management of corporate enterprise so that the end-users can track, record and respond to any changes in its business environment.
The Charles Phillips Oracle team insists that it is imperative for the management of a corporate enterprise to consider the elements of a business intelligence solution system carefully and choose a system that is consistent. The business intelligence solution systems needs to be compatible with the existing information technology platform the corporate enterprise regardless of what new information enters the system or what hardware or software application is introduced to the system or what major changes occur. It is also imperative for such a business information software solution to have that appropriate analytical tools to enable the end-users to collect, sort, extract and transform information that the system gathers effortlessly with adequate control measures.
Charles Phillips emphasizes that selecting the appropriate tools is imperative for any business information solution system to be effective in delivering the right information to end-users of the information promptly and accurately. Essentially, business information solution tools fall into three broad categories, which are traditional queries and reporting, on-line analytical processing (OLAP) and data mining. It is imperative for the management of a corporate enterprise to implement a business intelligence solution system that manages time and data option optimally in terms of speed and accessibility without being too hard for the end-user to handle and understand. This prominent business information expert further emphasizes that the management of a corporate enterprise needs to carefully consider all the elements of a business information solution software that cater to the needs of the enterprise before implementing such a system says the Charles Phillips Oracleteam!