Transforming Information Into Competitive Advantage
Today's business environment requires agile and accurate decision-making. Companies must look for better ways to leverage their information. This can be achieved only through the seamless flow of information and related analyses, achieving a single source of the truth. What are some challenges organizations face?
- Limited visibility at an executive level into enterprise-wide information
- Data compiled and analyzed into one format
- Time consuming and complex reporting methods
- Lack of focused and specific key performance indicators and executive dashboards
Gartner defines Business Intelligence as:
An interactive process for exploring and analyzing structured,
domain-specific information (often stored in data warehouses)
to discern business trends or patterns, thereby deriving insights and
conclusions. The business intelligence process includes communicating findings
effecting change. Domains include customers, suppliers, products, services, and
competitors.
Wikipedia defines Business Intelligence as:
Business Intelligence (BI) refers to skills,
knowledge, technologies, applications, quality, risks, security issues, and
practices used to help a business acquire a better understanding of the market
behavior and business context. For this purpose it employs collection,
integration, analysis, interpretation, and presentation of business information.
In simplified meaning, it may refer to the collected information itself or the
explicit knowledge developed from the information.
BAC BI
Definitions are always up for debate, but the need to achieve a sustained
competitive advantage never is. At BAC, our Business Intelligence designs
(combined with our Data Warehousing) give our clients greater
visibility into their disparate data sources so that they
manage their information from a single version of the truth.
That is a trendy phrase, but what it really means is that everyone from
Marketing to Finance receives the same information and is making informed,
consistent decisions. Whether you call it a dashboard,
data mart, or scorecard, the content
remains consistent throughout your organization.
Most consulting groups focus their efforts on one technical solution. BAC
implements the appropriate technology for each client to resolve a multitude of
issues. Our depth spans industry and technology platforms while always focusing
on bringing you the desired ROI and a sustained competitive advantage.
We have a core cadre of senior business executives with significant global experience who are able to discuss global business issues with our clients and help them define and use the correct metrics and processes to achieve
their desired goal. Our team is highly skilled in global business and the individuals have walked in the shoes of the executives they work with daily.