Right from the tools that helped the first cave man to survive the odds of the nature to 21st century management tools, the humanity has indeed come of age! And, the intelligence that helped the Man survive wild animals and volatile weather has now become business intelligence because it is indeed business and the competition that call for his innate instinct for survival. Hence, a new world that is driven by economic policies cannot do away with sharp business intelligence. It is the evolution of the same intelligence that catalyzed the invention of fire. Coming to the present moment, all most all the businesses - medium, small and large - have comprehensive BI suite to cater to their needs to consolidate data, monitor the operations and functionality, to be able to respond to customers responsibly and last but not the least to generate more revenues by way of either cost effective measures or improving upon customer relations.
When we talk of BI suite, it can be comprised of traditional management tools such as excel sheet and others. However, if the organization is too large, it is possible that it is in need of having customized solutions as well. Having said that, some of the management tools that any organization can have are: Microsoft excel, Microsoft Dynamics NAV Business Analytic etc. It is important for the businesses to have BI suite that is compatible with their existing systems. Therefore, flexibility should be one of the criteria why any business should purchase the BI suite that it wants to purchase. Another major feature of such suite is to be able to integrate with existing systems and applications. Such seamless integration then empowers the employees to have an insight into the functionality and operations of the businesses. It is this integration which then equips all the three levels - strategic, tactical and operational - to interpret information rather than just to view it. Management tools then are the tools that form an integral part of the entire gamut of business intelligence and BI suite.
When we talk of BI suite, it can be comprised of traditional management tools such as excel sheet and others. However, if the organization is too large, it is possible that it is in need of having customized solutions as well. Having said that, some of the management tools that any organization can have are: Microsoft excel, Microsoft Dynamics NAV Business Analytic etc. It is important for the businesses to have BI suite that is compatible with their existing systems. Therefore, flexibility should be one of the criteria why any business should purchase the BI suite that it wants to purchase. Another major feature of such suite is to be able to integrate with existing systems and applications. Such seamless integration then empowers the employees to have an insight into the functionality and operations of the businesses. It is this integration which then equips all the three levels - strategic, tactical and operational - to interpret information rather than just to view it. Management tools then are the tools that form an integral part of the entire gamut of business intelligence and BI suite.
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