The Important Role of Business Intelligence Tools in the Industry

The Important Role of Business Intelligence Tools in the Industry

In business, it is necessary to use the Business Intelligence tools to keep the business going well and make sure that the whole operation is running smoothly. In business, there are a lot of elements and aspects to cover, starting from planning, production or execution, distribution, and so many more. Having the business tools will definitely help because the programs can help business people to run their operation well, so everything won't be chaotic and everything can run smoothly.

Business Intelligence tools are basically software or program applications that are created to get, retrieve, monitor, analyze, and then report the data. When the data are stored, they will be kept in a specific data mart of warehouse; a place where all the data are collected. It will make the whole operation easier and simpler. The general listings or categories for the BI tools are:
- Reporting software
- Spreadsheets
- Digital dashboard
- Data mining and warehousing
- Process mining
- Decision making and engineering
- Management for the business performance
- Local info system

Of course, using the Business Intelligence tools has its own benefits and advantages. For a starter, business people or workers can always view and access the data easily. Since the data is stored in common and regular formats, people involved in the business can always access them from various different sources. This feature is certainly very handy for the cross departmental purpose so each department within a company can run effectively and efficiently without having to actually meet face to face. When the connection and accessibility between departments are good, it can be guaranteed that the business can run well too. Second, the programs can help tracking down specific transaction or data, so information about supply, distribution, and production are well kept and maintained. The programs can also be used to track market's trend and tendency so business can learn to cope with the market's condition and also demand. Third, the whole implementation and use are quite effective and handy, including the retrieve of complex data.

Despite the handy usages, there are several downsides that people should be aware of. First of all, the programs aren't very easy to use. It takes time to adjust and really understand how everything should run. But as technology develops from time to time, the programs are users' friendly and easier to use. Second, there is a critic from the marketplace concerning the use of the program themselves. They tend to be available as data reporting system instead of processing management, which means that users still have to plan their own management based on the data presented by the program. But they are still handy and useful, than having no support or backup at all in the business world.

There re two types of Business Intelligence tools: the traditional one and the operational one. The traditional BI tools are mostly dealing with past data with its graphs and cubes to help analyzing business performance. The operational one, however, uses sophisticated technologies and systems by presenting

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