We live in the age of information…and information is power! In the business enterprise it is imperative that everyone has the information they need in order to accurately and effectively fulfill their business obligations. In the past only executives were privy to the type of reports and information that could help them understand how the business was performing against plan and objectives. They used this information to plan for the future and to make decisions about products pricing competition markets financials budgets and many other business factors. As the information age progressed business managers and executives were buried under information. Instead of wishing for more information to run the business these business managers wished for better more concise information. Today the pace of business is even faster! Market changes occur more quickly and businesses must hire and train resources with the right knowledge to do the job. Managers must organize and execute work using optimised processes and collaborative efforts that keep the divisions departments and organisation in sync and ensure that everyone is working toward the same objectives and goals. Adding to the problem of managing business today is the fact that nearly every enterprise now expects its business users and employees to be actively involved in understanding corporate goals and objectives and in managing their own department division team or role to achieve the goals set by the executive team. But there is never enough time in the day to sort through spreadsheets presentations reports and enterprise system or data bases information to find the data needed to make the best decision and not every user has access to the information they need to manage their work or output. The evolution of Business Intelligence Tools has enabled true business assessment and performance management by providing clear concise results using data and information integrated from various sources and presented in a way that clearly illustrates patterns trends and problem areas that require attention. Using custom designed metrics and measurements executives and business users can now manage objectively with insight into the Key Performance Indicators (KPIs) they establish. The organisation can make faster more accurate course corrections and adapt to the changing market and business landscape with ease and proficiency.
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