The idea of "business intelligence, " or "BI, " emerged in the business world in the 1960's, and reporting solutions for businesses have recently been growing and evolving ever since. Some believe the beginnings of business intelligence can be traced back to a specific article written in 1958 by IBM researcher Hans Peter Luhn. In this article Luhn described "intelligence" as an ability to find relationships among the facts presented in a way that would guide action in the direction of a specific goal.
This specific ethos started out to distribute and take hold in the business world, but it wasn't until the late 1980's that the term "business intelligence" was coined and commenced to be used more widely in the marketplace. It had been in 1989 that soon-to-be Gartner Group analyst Howard Dresner proposed the term in order to describe the process of using existing facts about a business to improve business decision making. The ultimate goal was better business performance and better results. By the 1990's, the word "business intelligence" was being used in a widespread way.
Business intelligence can be used in an extensive and general way, but ad hoc reporting can be quite powerful and useful. Tempor?r reporting allows the user to hone in on a specific, more pressing business performance concern. Finding targeted answers and solutions can improve business performance dramatically.
Today, companies can't afford to not stay on top of the current critical statistical data about their businesses in order to succeed. However, sometimes the concept of gathering and sorting through this data in-house can seem to be somewhat overwhelming. There are automated systems Guest Post from companies businesses can hook up to through the net to assist in collecting data also to help analyze business intelligence in a much more workable manner.
What in case you look for in a company intelligence management solution? Ease of use should be high on the list. If you are employing an outside company to do this work for you, there should be as small of a "learning curve" as you possibly can on your end. You ought to be able to get the bottom-line statistics you want quickly and efficiently, even from hills of raw data. You should be able to easily generate the format you need on the spot, whether it's a graph, pie-chart or spreadsheet. Having real time 24/7 access to your data is essential as well.
Efficiency, accuracy and ease of use in business reporting sets some data software solutions apart from the rest. With the help of a software options company, business intelligence can help to maximize your business' performance, leading to better results and higher profits.