The Inefficient Gathering and Processing of Data Within Companies Is A Significant Operational Cost and Slows Down Effective Decision Making by Senior Managers The Slow Cycle of Data Analysis Current ERP systems cater for transactional processing of data rather than transactional analytics
Business Intelligence in the modern world is the implementation of computer software which assists in the collection, analysis and storage of related business data. This can then be presented in report format, allowing for easy and effective data-based business decisions.
Business Intelligence is a concept that has evolved from the 1960s as an information-sharing system across organisations, to the 1980s where it was associated with computers and various IT-reliant service solutions. Modern Business Intelligence is somewhat more technical, but essentially