30 December 2009

Guide To Implementing Business Intelligence

Organisations need to react to the information they're been given as this is where the value is added, this is what we refer to as BI culture, creating the mindset within the organisation to ensure people are getting the best out the business intelligence solutions to ensure the business is able to move forward.

For a business intelligence solution to really add value, you need to start by considering your key performance indicators (KPI's), these are the business information needs, what do you need to know to make better business decisions?

In order to define KPI's you need to know what the vision of your business is. You need to start from the very top and work out what the goals are, what is the vision of your business and where are you taking it, this will enable you to work out what the critical factors are for success, once you know this, you can decide what KPI's you need.

Once you've worked out which critical success factors these KPI's affect you'll need to ensure everybody knows what their KPI is (within any organisation it's not uncommon for a KPI to be sliced by different parts of the business). Once everybody is working on their own KPI you can start to measure the results indicators which are essentially the results of activities in your business.

Implementing an effective business intelligence solution can be difficult because it's often cross functional, the quality of the data is sometimes unknown and it's not always all going to be under your control, or it may simply be a case of the KPI's not being fully understood or clearly enough aligned to the data being used.

Another reason companies may find it challenging is because they often have long delivery cycles in their IT departments, for example, if you're using a waterfall approach where you have to define the requirements up front, get them approved then go into a six month delivery cycle, quite often what you're delivering isn't what the end user requires any more because business has moved on. This means that to implement business intelligence solutions it's strongly recommend that a more agile development approach is taken where shorter delivery cycles are used and the end user is continuously consulted (i.e. what they want, what their priorities are etc).

An effective way to ensure any data is moved and processed is the extract transform and load tool (ETL) which is there to move data from A to B and to process it. There are lots of ways this can be done, traditionally its hand crafted, this solution will work fine if you have people who are familiar with where they're working, and they like handcrafting code. However, a senior manager who has the issue of change management and of controlling that source code will prefer to centralize it and have it in a tool to make it more manageable.

It can be very beneficial to have a ETL tool if you're going to build a data warehouse as it will need to evolve and change with your business, in this case you'll want a tool set that will rapidly allow you to adapt to your system. The ETL tools of today that are very centralized and multi user based, enable people to change the data and document the processing they're doing as they build it, it's a rapid development tool, so if your business is very complex and quickly evolving over time, an ETL tool would be recommended.

Your HR data is often key to most businesses, you need to know exactly who your staff are, what skills they have and the benefits they bring your business, more often than not they'll also be one of your biggest costs.

In many cases it's the HR data that will be the last to get pulled into a data warehouse because of the sensitive nature of the data but once you start to manage this data effectively, you can see at a glance things like retention, absentees and where people are struggling and this information can prove invaluable when it comes to the effective management of your business.

This data can be difficult to analyse though because any one person can have many attributes hanging off them, meaning you can have many dependants and many skills, however if you extract the HR data, into a data warehouse, you can actually overcome some of the issues intrinsically found, then you can normally find some invaluable information on how you can be managing your people more effectively.

A data warehouse appliance is an all in one solution, hardware, database software and networking software, that allows you to take data from disks, filter it, present it out and build queries from terabyte databases, it's ideal for very large databases and very large data solutions.

A data warehouse appliance does not however grant immunity against the every day challenges business intelligence presents, the front end delivery solution still has to be designed and built and you've still got the demand of user requirements changing as well as data quality issues but a data warehouse appliance does allow you to process vast amounts of data in a much more optimal fashion.

Business intelligence is about bridging the gap between the data collected and what data business people need to drive the business and improve. It's taking that data and turning it into beneficial information that can be used to help your business progress. Although the tools do exist to help with this, many organisations only manage what they can measure which may not give the business value.

About the Author

IT Performs are the experts when it comes to business intelligence solutions and training and business objects training. Improving the way companies measure and manage business, through developed methodologies and frameworks ensuring lower risk and higher quality. http://www.it-performs.com/

BI Topics : BI Implementation, Business Intelligence BI Application Software. Source: goarticles.com

28 December 2009

ERP and Business Intelligence

ERP and Business Intelligence Innovations :Until recently it has been quite difficult to find an enterprise wide, full scale ERP business intelligence (BI) solution or software application that was both effective and affordable. Historically, the solution was finding separate BI solutions focusing on varying business processes and then bridging them together with customized programming. This resulted in sub-par solutions that required vast amounts of resources and time to get implemented which generated poor investment returns for many companies.

Recently, however, new innovations in enterprise BI applications and tools have hit the market that meet user expectations and company demands. These software on demand, software as a service (SaaS), automated business intelligence solutions are a new model shift that addresses old pain points while creating exciting new opportunities for companies.

The benefits of automated BI solutions are many. For data warehousing automated BI solutions allows for quick assessment of new stars in the data warehouse by providing a more flexible solution that doesn't require a single enterprise data warehouse.

Customers and users are not required to develop another set of metadata to navigate through the information and data or custom cubes for analytical reports since they are generated automatically and maintained from the star schema.

From an enterprise reporting and presentation perspective, the automated BI systems does not require the IT group to customize reports and performance dashboards for varying departments and managers. The automated system filters through the data and highlights the key business metrics and creates reports that focus on these areas and tweaking reporting formats requires minimal input to generate accurate and specific reporting requests.

Key non-feature benefits of automated solutions, as most SaaS based solutions are, is that they are not only faster, but they are cheaper and many times more flexible making them affordable for a whole new market of businesses as they provide companies with a tremendous ROI with an affordable capital investment entry point.

The need for an effective ERP business intelligence solution has always been there. The demand for BI solutions has increased almost 10 percent a year for the last decade. Now for the first time, the BI process can be streamlined with an automated solution with a delivery model (SaaS based) that is now affordable and consequently available to the masses, or small to mid-sized businesses looking for an enterprise software solution to help managers make better decision and keep companies competitive in the challenging business environment.

For more information about ERP Products and ERP Events visit ERP.com. Learn More at ERP network and ERP enterprise at Erp.com

About the Author
Sudhani
works as a copy writer, specializes in promoting websites for highly competitive keywords like ERP.

BI Topics : ERP Products, ERP Network, ERP Enterprise, Business Intelligence BI Application Software. Source: goarticles.com

27 December 2009

Guidelines for Retail Business Intelligence

Starting your own retail business may seem daunting at first glance, but with an organized and systematic approach, you can successfully launch your business. Guidelines for retail business intelligence.

Merchandising You are likely to already have an idea of what you want to sell. Select a market niche and design a theme for your retail store that will help dictate what type of merchandise you put on your shelves. Visit wholesalers or distributors, attend trade show, or contact manufacturers of these sorts of items you would like to carry. Make selections based on your store's theme, your target consumer, and the price range you are hoping to it. Essential Technologies Retail software, especially a superior point-of-sale (POS) system is must for every retail business. A good retail software package will make your life as a small business owner much simpler. A good POS system assist you maintain every single aspect of your business, including:

- Inventory input
- Inventory output
- Staffing
- Managerial material
- Organization
- Leadership
- Customer Databases

The ways a POS assists you manage these facets of retail business may include:
- Sales tracking
- Barcode scanning
- Transaction processing
- Credit card processing
- Inventory management
- Purchase order development
- Customer history management

A point-of-sale system also has different advantage of helping you determine how much merchandise you are losing to shoplifting and theft. The other technology you may desire to consider for loss prevention is an in-store video observation system. These retail business intelligence systems vary from very affordable to very expensive. Having video cameras in your retail office or store is a very effective way of avoiding employee theft. When your staff knows that you conduct and monitor video observation in the store, they are much less likely to steal merchandise or cash. ETP Group, a leading name associated with retail business intelligence, offers POS solution, merchandise management, and retail software to make your business successful.

BI Topics : BI for Retail, Retail Business Intelligence, Business Intelligence BI Application Software. Source: goarticles.com