The intellect is the driving force to control the entire universe. If we look closely, almost all countries have their own intelligence offices, and some of them are internationally recognized and required by other countries to resolve any difficult situation when arises. The intellect is often purposeful in the sense that it is a component present in every being in this world. But the so-called civilization considered it the prerogative of a few!
The software is that which is an instinct that supports the work of the body and helps survival. In the same way, business intelligence software is what guarantees the proper functioning of an organization and consists of many aspects, including technology, experience and wisdom. This software can also be called administration tool since the tool do not always have the form of physical devices and computers.
The main task of creating a powerful business intelligence software engine in an organization is to store, analyze, consolidate and distribute data at various levels of the organization. This mechanism helps all those interested in the organization to make informed decisions that affect the operational and functional environment of the business. However, 21st-century companies have evolved to create effective management that would improve people, processes, teams and the performance of the organization.
In a sense, this integrated approach to data management throughout the organization and its accessibility for all leads to the transparency and flexibility of an organization. Flexibility in the mind that the availability of data forces an organization to adapt to the client’s demand, the imminent risk, if any, and to change the corporate objectives following the policies of outstanding risk management established to reduce the exposure of the company. For convenience, the scope and application of business intelligence can be divided into three categories: personal, team and organizational.
It is also noted that, even though organizations use a variety of management tools as part of their comprehensive business intelligence policy, such solutions or tools are widely demanded by large companies because they have a large customer base, as well as a large number of employees. It also means that they face fierce competition and greater exposure to risk.
The primary needs that these large institutions must meet through the introduction of an exploration mechanism are:
1) Explore sales trends
2) Take a look at the massive trends concerning customer purchases.
3) Keep a record on financial management.
4) Check personnel management.
5) Enable forecast market analysis
6) Examine the impact of sales and marketing.
7) Evaluate relationships with suppliers.
However, in addition to the needs of large companies, other new and unique companies currently use several advanced technological devices as part of their integrated and integrated approach to business intelligence for the specific reason that information is the company or human administration.