Leveraging Business Intelligence (BI) â The Power and Speed you need to make actionable business intelligence a reality â even in real time.
For companies in many industries â such as financial services, telecommunications, retail, and market research â an enterprise business intelligence solution is a critical resource for decision-makers. To extract information from huge, ever-growing databases and then turn it into actionable business intelligence at the time itâs needed, however, puts enormous strain on traditional data management systems.
This strain can cause major performance issues as more users run complicated, ad hoc queries on large data sets. As a result, managers and front line employees who need the information can experience unacceptable slowdowns that impede decision making and create unacceptable risks and service-level agreement problems. For more than two decades, organizations have been leveraging business intelligence (BI) platforms with the sole objective of âmanagement by factsâ for business benefits.
Business Intelligence is definitely one of the most important business initiatives, which has shown a positive impact on the health of organizations.
Business Intelligence Solution
To survive and grow in the vibrant market space, every organization is facing outrageous competition, business convergence, demand for profitable growth and intense pressure on cost. Organizations are becoming innovative in their approach to make business truly performance driven at Strategic, Tactical as well as Operational levels. To maintain a competitive edge, companies today are increasingly turning to operational business intelligence solutions that support process optimization by pushing needed data to front line analysts and managers in real time, supporting intra-day decisions. This can dramatically improve efficiency and decision-making across all facets of an enterprise. To achieve operational business intelligence, companies need solutions that can overcome data warehousing, data integration, and analytics challenges such as:
Extracting real-time data from multiple sources on the fly
Transforming traditional data into actionable business intelligence data
Making the resulting information accessible to those who need it and
Handling huge volumes of data with many users making simultaneous complex ad hoc queries.
URSÂ solutions provide the capabilities to overcome these challenge and make operational business intelligence a reality.
According to Gartner, Indian business intelligence (BI) software revenue is expected to grow from $121.2 million in 2013 to $139 million in 2014. The forecast includes revenue for BI platforms, analytic applications and corporate performance management software. The research firm concludes that in order to increase adoption, enterprises should evaluate data discovery, geospatial and mobile based approaches.