#SAP BUSINESS INTELLIGENCE DEFINITION SOFTWARE#

It is the system’s ability to provide the requested information in the shortest possible time. The effectiveness of a business intelligence system can be measured based on various parameters: 1. Speed: The data model defines how we process the data into information. The main function of the system is to collect information from all relevant sources, validate, process and deliver it in the appropriate format to the users who need it.

#SAP BUSINESS INTELLIGENCE DEFINITION SOFTWARE#

Executive Information Systems (EIS): It is a BI software tool based on a Decision Support System (DSS), which provides managers with easy access to internal and external information of your company, and that is relevant to their main success elements. The main objective is that the executive has at its disposal a complete picture of the state of business indicators that affect instantly, while also maintaining the ability to analyze in detail those not meeting the expectations set out, to determine the plan most appropriate action.īusiness intelligence system consists of data sources, models, users and technical means. The Decision Support System (DSS) is one of the most suggestive of the Business Intelligence tools because, among other properties, allow solving many of the limitations of management programs.ģ. Decision Support Systems (DSS): A Decision Support System is a business intelligence software system focused on the analysis of data organization.

Let us overview the major components of BI tools.ġ. Balanced Scorecards (BSC): It is a business intelligence and analytics tool of corporate control that allows you to set and monitor the objectives of a company and its different areas or units. Balance scorecard can also be used as an application that helps a company to express the objectives and initiatives necessary to comply with its strategy, showing continuously when the company and the employees reach the results defined in its strategic plan.Ģ. Important types of Business Intelligence (BI) components that exist in the market are listed below. Components of Business Intelligence Systems and Tools: We can define Business Intelligence as a set of methodologies, applications and technologies to collect, improve and convert data from transactional systems and unstructured information in structured information for direct use or for analysis and translation into knowledge, thus giving support to decisions about the business.īusiness Intelligence acts as a planned factor for a company or business, generating a potential competitive advantage, which is simply to offer private information to reply to business problems: entering new markets, promotions or product offerings, eliminate islands of information, economic control, cost optimization, production planning, analysis of customer profiles, profitability of a particular product, etc. From a more pragmatic point of view, and linking it directly with the information technology. In other words, Business intelligence is the part of the responsible business management in collecting, processing and presentating of relevant information to facilitate decision-making. 9 In short, a complete BI solution allows:īusiness Intelligence is the ability to transform data into information and information into knowledge so that they can optimize the process of decision-making in business.

2 Components of Business Intelligence Systems and Tools:.

Sap business intelligence definition