Business Intelligence

Business Intelligence-The Next Ruler of IT Monalisa Mishra

“In GOD we trust for everything else we need data” -W. Edwards Deming

In the present era the old saying has become the buzz of corporate circle and going forward this will be the base principle of decision makers across the world. Welcome to the era of objective thinking powered by technology that has given a new dimension to business and management. With the passage of time more and more companies are coming forward to adopt, improvise and leverage on technology and Business Intelligence has proved to be the flag bearer in this upcoming trend. Business Intelligence, in layman terms, is data converted to information and available in ready to use format that can be further analyzed, modified and transformed as per the changing demand. The industries today are mostly into some or other form of nascent technology that speaks of raw form of information. Basically, these systems are into huge data repository that provides real time information or basics analytic tools that can provide historical analysis. But the future has a lot more to offer. Imagine an automotive plant with fluctuating marketing demand , supply chain constraint and increasing production costs. In such a scenario, we can only expect something beyond human intelligence to give smart solution that approximately optimizes every aspect. Now let us think of a system that is integrated with the production system and marketing technical system.

This system has a historical account of all orders over the past one year and based on that can predict the average demand for various products that actually updates at the end of day. Going ahead, the internal production system updates the daily demand from the marketing system at a

Business Intelligence-The Next Ruler of IT Monalisa Mishra

periodic basis say 3 days. The production system is able to give the expected percentage of quality ok components that will be out on daily basis and hence...