| What exactly is the definition of business intelligence. | | | | business intelligence. |
| At first glance it might seem that one definition would | | | | A New Solution |
| be the opposite of business stupidity. However; despite | | | | So what is the solution? One new solution that more |
| the wording, business intelligence the process of | | | | and more businesses are using is what are called |
| gathering and processing data that will be beneficial to | | | | business intelligence tools. Business intelligence tools |
| any one business. | | | | are basically software that is developed to more |
| The Gathering of Business Intelligence | | | | accurately and efficiently process the data that is |
| For most businesses this basically means the study of | | | | gathered as business intelligence. |
| their customers buying habits and changing needs as it | | | | OLAP or (On Line Analytical Processing) |
| pertains to the products or services that a business is | | | | OLAP or (online analytical processing), is just one of |
| providing. Another aspect of business intelligence my | | | | those tools that are now available. It is important to |
| be the studying of of a businesses strengths and | | | | remember that a massive file of data is completely |
| weakliness as well as their competitions. | | | | worthless unless the people that need to use it can |
| A Labor Intensive Costly Proposition | | | | understand it and make use of it. OLAP can allow a |
| So, needless to say the task of gathering and | | | | person who's strong point is the gathering of business |
| processing of business intelligence can be a very labor | | | | data, yet who is lacking in the ability to make it |
| in tensive and costly proposition. Surprisingly, with so | | | | understandable to the “common Joe” to have a |
| much work having gone into business intelligence, a | | | | place where their data can be processed and clarified. |
| recent study determined that 90% of business | | | | Article by Josef Frederiksten. |
| managers have very little faith in their companies | | | | |