Business Intelligence, articles &  tips
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Business intelligence
is an umbrella term used to describe a set of concepts and methods to improve business decision-making by using specific tools to provide facts to support decisions. These tools can be spreadsheets (Microsoft Excel is the most widely used), reporting and querying software that extracts, sorts, and reports data (Crystal Reports is a widely used product), dashboards, which gives the user the ability to glance at trends and drill down further into data, and many very technical models which are mostly used by large corporations.

In setting up a business intelligence program, the first step a company will need to take is determining what the short to medium term purpose of the program will be. What goal(s) does the organization want to address by the program? How will it relate to the overall success of the company? Will access to the data eventually improve results and/or performance?

Next is determining if the company has the tools for information gathering in the area to be assessed. Is there the capability to monitor the important sources of information? How much data is needed and how will it be stored and analyzed?

The financial outlay of a new business initiative should be estimated and the cost of present operations assessed to determine value. What is the risk if the initiative fails? What is the gain for succeeding? How will the data be collected and the benefits measured? Is there a team in place to act as the control? At what point can a determination be made as to if the initiative is successful? Is there a plan in place if the project does not produce the desired results?

A business intelligence initiative can be as simple as a Microsoft Excel spreadsheet to track sales, visits, or other basic data, or it can be so complex that companies purchase entire servers to provide tools for tracking, analyzing, reporting, storing, drilling, and disbursing, to name only a few functions available.

Whatever your business size, all companies can benefit from some form of business intelligence. The most successful business decisions are made on the most accurate data.

(Article source: "Business Intelligence -- Tools for All Companies" by Art Gib)

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List of Business Intelligence articles as of May 16, 2012...



Relationships and Psychology: We're More Alike than We Think

by Lynda-Ross Vega

Many of the sources of information in our lives encourage us to focus on the differences between ourselves and others. But when it comes down to it, we're all more alike than we are different, and that's where the real understanding begins!

Learn How to Celebrate You

by Lynda-Ross Vega

For many who go through life feeling vaguely dissatisfied and unfulfilled, veteran business coach Lynda-Ross Vega has a solution: the Perceptual Style Theory and her Perceptual Style Assessment.

Live Your Talents, Love Your Work

by Lynda-Ross Vega

“Choose a job you love and you'll never have to work a day in your life.” Most of us are familiar with this quote from Confucius, but what does it mean? To veteran business coach Lynda-Ross Vega, a job you love means one that's supported by your natural skills and abilities.

Working Harder vs. Working Happier: What Research Tells Us about Success

by Lynda-Ross Vega

The latest research proves it: hard work may lead to some success, but success doesn't lead to happiness. Happiness is what leads to real success, and happiness, in business, means focusing more on what you do best, and making the most of your natural skills and abilities.

Do You Really Believe That?

by Colleen Stanley

The self help guru's are the best at teaching, “You are what you believe. Your thoughts determine your outcomes and actions. And what you think about most will manifest in your life.”

3 Tips to Internet Marketing Even if It's Not Your Cup of Tea

by Michele Pariza Wacek

On the surface, starting an internet-based business may seem like a dream come true. However, once she puts up her first web site, that dream often comes crashing down - it's not nearly as easy as it first looks. This article reveals 3 tips for internet marketing - successfully.

Coaching and Psychological Styles: Adjust Your Approach

by Lynda-Ross Vega

Most coaches understand, intuitively, the need to adjust their approach in dealing with different types of clients, but quite often, these adjustments don't come until it's too late, and the client has already lost faith in the process.

3 Steps to IMPLEMENTING Your 2012 Marketing Plan

by Michele Pariza Wacek

You just put the finishing touches on your kick-butt marketing plan that's going to skyrocket your business. Hooray! Only problem is that kick-butt marketing plan isn't going to do a thing for your business unless you actually put it into action. Here are 3 steps to get you started.

3 Steps to Crafting Your 2012 Marketing Plan

by Michele Pariza Wacek

Having a marketing plan really is the key to growing and sustaining a successful, profitable business. So if you're ready to craft your 2012 marketing plan but you're not sure where to start, read on -- I'm going to walk you through 3 steps to get you there.

Life, Business and the Pursuit of Happiness: Do More of What You Do Best

by Lynda-Ross Vega

Why do some people thrive in the work they do while others seem so miserable? The answer to this all-important question has everything to do with who we are as people, and what makes us different from each other.

Sales 2012: What Will You Choose?

by Colleen Stanley

It's that time of the year when people set New Year's resolutions and goals. Setting goals really boils down to making new and better choices. It's as much about what you are going to start doing as it is about what you are going to stop doing.

Take Off the Blinders! Coaching Based on Perceptual Style

by Lynda-Ross Vega

Coaches know better than anyone that different people really do see the world differently. But not many of them realize that those differences in perception are, in fact, innate - and that understanding these deep-seated differences is the key to creating a real impact in clients' lives.

3 Steps to Starting the New Year on The Right Foot for Your Business

by Michele Pariza Wacek

There's no better time to take stock of your business than the time between the end of one year and the beginning of the next. To help you get on track for the fresh New Year and all it's possibilities, I thought I'd share 3 simple steps to get you and your business started on the right foot.

What Are Your Priorities for Your Business?

by Andrea Novakowski

An article of 536 words listing specific tips on the importance of prioritizing your time in order to increase your productivity.

Get Approved for a $5,000 Bad Credit Personal Loan

by Jessica Peterson

A plethora of Americans are suffering under the burden of bad credit. Lenders have become available to help them get a $5,000 bad credit personal loan.





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