Generally speaking the term “business intelligence” encompasses a host of business related software and tools. Other corporate dashboards are used for business intelligence that is more tactical, using relevant and actionable data. A company that can pitch the right sales target, by accurately gauging the market demand in the future, rarely falls short of its target.
People who wish to attend the certification program need to pass the Certified Business Analysis Professional (CBAP) application process. This program will allow you together in a discipline that effectively integrates business strategy, technology and processes to transform scattered data into knowledge and effective processes.
Management and business community must have a general understanding and appreciation of the value that business intelligence applications can provide. In- order to streamline the data analytics process and ensure you derive value from the result, it is essential that you align data preparation with your business strategy.
Customers: By collecting customer data, either (POS) Point-of-Sale or surveys and polls owners and managers can use this data to make important business decisions in marketing, budgeting, inventory, demographic targeting, and much more. Such performance based best practice comparables can be found at various resources, such as the Hospital Accounts Receivable Analysis Reports (HARA) produced by Aspen Publishers or HFMA MAP KEYS.
Situation Awareness: This stage of the Business Intelligence process helps in filtering the relevant data and using it in relevance to the business environment. Finally, Business Intelligence refers to the set of tools to extract business experience. Core dashboards in the business intelligence system should be built around the balanced scorecard strategy and display key metrics for visual analysis by end users.