Management reporting plays a key role in business intelligence (BI) and performance management. Displaying the results, performing variance analysis, comparing projections and consolidating data from disparate sources provide business users with the essential information needed to make timely, relevant and profitable decisions. What would happen if we expanded these capabilities beyond reporting and got entire organizations, not just individual departments or managers, to embrace BI methodologies? What would the overall impact be if they did?
BI enables companies to access and use the vast amounts of data they own to drive better business performance. Organizations that access the right information at the right time make better decisions. Some of the more difficult challenges to overcome when deploying effective BI solutions are the costs for implementation and training, the complexity of establishing easy-to-use BI tools and the risk that these tools, once established, will not be broadly accepted.
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