Many of the driving forces behind business intelligence come from the need to improve ease of access and reduce the resources required to implement and using advance data mining technologies. There are following business driving forces behind business intelligence offerings:
Gone are the days when end users could manage and plan business operations using batch reports, and IT organizations had months to implement new applications. Today companies need to deploy informational applications rapidly and sometime real time, and provide business users with easy and fast access to business information that reflects the rapidly changing business environment. Business intelligence systems are focused towards end user information access and delivery, and provide packaged business solutions in addition to supporting the sophisticated information technologies required for the processing of today’s business information.
Corporate restructuring and new operations modeling means that companies today are providing and supporting a wider range of products and services to a broader and more diverse audience than ever before. Understanding and managing such a complex business environment and maximizing business investment is becoming increasingly more difficult. Business intelligence systems provide more than just basic query and reporting mechanisms, they also offer sophisticated information analysis and information discovery tools that are designed to handle and process the complex business information associated with today’s business environment.
The investment in IT systems today is a significant percentage of corporate expenses, and there is a need not only to reduce this overhead, but also to gain the maximum business benefits from the information managed by IT systems. New information technologies like corporate intelligence mapping, thin-client computing, and subscription-driven information delivery help reduce the cost of deploying business intelligence systems to a wider user audience, especially information consumers like executives and business managers. Business intelligence systems also broaden the scope of the information that can be processed to include not only operational and warehouse data, but also information managed by office systems and corporate servers.
It is widely agreed that the decision making process of a company has major impact on the success of a company. Companies will only progress if they take the right decisions and if they can rely on an informed decision making process. Within the next decade the meaning of having sophisticated decision making process in an enterprise will become even more important as companies have to face the increasing globalization and the impact of strongest market competitions. Business Intelligence, data warehousing, and related technologies and approaches provide the technical mechanisms for decision makers to examine historical trends, to measure results, and to look for patterns in the data that might be missed otherwise. The kinds of decisions which need to be made in organizations and which are supported by these mechanisms are manifold. Decisions are made on different hierarchy levels of a company such as on the strategic level, the management level, and the operative level. Collaborative decision making process at Galaxy including different decision makers and business analysts is rather unstructured and dominated by efforts for coordination and decision making. Collaborative decision environments thrive to overcome these challenges by bringing together all relevant information and subject matter experts in one place for effective and efficient decision making. In the portfolios of analytics a couple of collaboration techniques can be found that are partly integrated into their products. In addition to that, in the field of social software, much of the technological fundamentals are in place, which could be used for further enhancements of collaborative functionalities of analytics management.
Business intelligence is becoming an important strategic tool for business management. Business intelligence element of Galaxy offerings can help companies gain insight into their business, make better decisions and ultimately improve business performance. When it comes to acquiring business intelligence, many small to medium-sized companies may be at a disadvantage compared to larger companies. They may lack the resources and the appropriate systems and software to process their data and turn it into meaningful business insight. The systems and methods they use cannot keep pace with their company’s growth and changing needs. This can limit their ability to optimize performance and compete effectively. Galaxy business intelligence is to help drive businesses to better performance by enabling all decision makers, essentially empowering all employees throughout the organization to make better decisions. Galaxy delivers it by providing multi-protocol integration on a unified operational platform, delivering business intelligence capabilities and making its business intelligence offerings scalable so that everyone in the organization is empowered with business intelligence tools. Whether they are working on the strategic, the tactical, or the operational level, Galaxy help make more informed decisions a natural part of the everyday work experience for all employees.