| Business Intelligence is a key technology now used by | | | | certain quality that can be applied to your business |
| many companies. While some companies still utilize the | | | | needs. L is for loading the data into the warehouse |
| old and dependable transaction processing systems to | | | | which completes the whole cycle. These three |
| gain business information, many companies now prefer | | | | processes are very vital in business intelligence. |
| the database and application design technology. A | | | | Production Management and Support is another |
| wide array of business information is beneficial to | | | | perspective graded by the scorecard. How your data |
| companies that cater to competitive markets. Business | | | | will be used during production and how it will support |
| intelligence is not limited to gathering information. It | | | | management is an end product of business intelligence. |
| includes proper channeling and dissemination of the | | | | Data is gathered for company use and production |
| information, and could even extend to analysis of the | | | | management and support should benefit from these |
| data gathered. The business intelligence BSC or | | | | data. |
| balanced scorecard is an extensive guideline of | | | | The scorecard also provides guidelines for rating |
| evaluating your business intelligence capabilities and | | | | organizational roles and responsibilities in the business |
| processes. | | | | intelligence. The whole process needs manpower. |
| One of the most important aspects of business | | | | Every aspect is done by humans and those involved in |
| intelligence is data gathering. A scorecard will help you | | | | gathering, transforming, loading and managing data |
| determine how effective the system you are | | | | should know their responsibilities. Each process should |
| employing is in gathering the necessary data for your | | | | be assigned to different people to ensure efficiency |
| business. Data gathered by means of the Internet and | | | | and focus in their given organizational role. |
| those coming from documentary research are of | | | | The scorecard also gives premium on project |
| equal weight. The scorecard will not only determine | | | | management. Business intelligence is a whole company |
| how effective the methods you use are, but also how | | | | project in its own right and how the whole process |
| useful the data that you have gathered are. | | | | and the staff involved are managed is an essential |
| How you manage the vast wealth of data you have | | | | aspect of its success. |
| accumulated is another story. Data management is a | | | | The business intelligence balance scorecard is |
| perspective included in the scorecard because it is | | | | designed in such a way that the results are easy to |
| important that information should be stored properly | | | | understand and interpret. The scorecard is unique in its |
| and is well protected. The data should be easily | | | | structure because it will assess how a company's |
| accessible by those authorized to view and use them | | | | business intelligence system and data warehousing |
| but it should be secure from unauthorized people, too. | | | | compares with the best in the industry. It helps you |
| ETL is another important aspect graded by the | | | | establish IT standards, identifies what kind of data you |
| scorecard. ETL is a series of processes in data | | | | need to gather, and evaluates the history of business |
| warehousing. E stands for extracting information from | | | | intelligence within your company. |
| outside sources. T is for transforming data to achieve | | | | |