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Bi Bi

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Submitted By harjai
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Business Intelligence Redefining Management Processes

* Project Category: Business Intelligence * Project Topic: Business Intelligence-Redefining Management Processes * Contributor Details: * Name: Nishikant Harjai (11 Ex-037) * Synopsis of the Project

Today, Indian firms have been exploring ways to improve their business practices and procedures to gain competitive advantage. One of the most talked about Information Technology (IT) enabled business innovation is the emergence of Business Intelligence (BI). A well implemented BI can bring manifold benefits to an organization. However, the implantation is resource intensive and complex, with success dependent upon various critical success factors. The successful implementation of BI depends upon several factors. Indian organizations hesitate to adopt BI as they feel higher risks are involved and the returns are not assured in India. The demands of the industry may vary in time in India. Indian firms are of opinion that the products have limited amount of customization paradigm, hence greater complexity involved to adopt BI. This paper focuses on two aspects of BI in India: prospects and challenges. It tries to identify the major issues and concerns in successfully implementing BI in India.

A business is operated with the objective of making a profit from the sale of goods or services. Business Intelligence enables the comprehension, understanding and profit from experience. Business data and information is the soil that grows Business Intelligence, which provides the capability to reason, plan, solve problems, think abstractly, comprehend ideas and language, and learn from business data and information. Business intelligence is fueled from the utilization of information aligned with business performance. Business intelligence is constructed on the identification and modeling of focused...

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