In today's competitive global economy, having the right information at the right time is crucial to an organization's ability to make the strategic, tactical and operational decisions that drive organizational goals forward. To better understand their business, organizations need intuitive query and reporting tools for advanced and consumer-level users to obtain access to critical business information that supports strategic and tactical decision making.
Business intelligence (BI) is fast becoming recognized as a strategic tool in business, especially in the legal, financial and government industries. According to an InformationWeek research BI survey of 300 business-technology professionals, the adoption of BI tools is fueled by compliance and regulatory requirements at two out of five of the businesses surveyed.1 Organizations that want to leverage reporting capabilities to help meet compliance measures and mitigate risk are learning that BI tools can help them achieve this faster and easier, but they are also learning that BI can help them gain a competitive advantage.
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