Jack Welch, the former CEO of General Electric wrote: “When the speed of change outside the organization exceeds the speed of change within … The end is in sight!”
Driving change requires better fact based or informed decisions. Better decisions require insights. Creating insights requires KPI and scorecards. Effective KPI and scorecard generation requires multiple sources of data and organization. This causal chain is entirely enabled by modern BI and Analytics.
The use and importance of business intelligence — which usually takes historic data, for example from financial software — and analytics tools, which try to predict what might happen in the future, within organizations of all sizes has increased significantly for several reasons, including: Read more