Developing your Business Intelligence Strategy involves first considering your organizations vision and mission. To overcome the limitations of these systems, business intelligence relies on a set of tools that facilitate the processes of extraction, purification, analysis and storage of data, with appropriate speed in order to support the decision making process of the business.
Cleanliness, relevance, and timeliness are all crucial aspects of data that dictate the quality of the business insight that can be generated from its analysis. This involves collecting the sales figures of the past years and also gauging the sales data of competitor companies.
In healthcare organizations, so many practices, hospitals and other types of providers experience frustration when it comes to functional silos and the barriers that prevent a practice or a hospital or some other provider organization (I’m talking ACOs here, and similar supposedly “integrated” and “aligned” organizations) from enjoying business process efficiency from a cross-departmental perspective.
Making the data more available to multiple business functions, assuming of course the need-to-know and relevant protections are in place, is the first step in the process. The outright hunger for information and for varied applications drives the migration from traditional BI structures to one of the new Agile Business Intelligence systems.
So the key is to make decision making into a process. There are two essentials to understanding how to build a corporate dashboard for business intelligence, metrics and key performance indicators. A Business Analyst (BA) plays a vital role in coordinating Information Technology (IT) and the business process of big corporations or institutions.