Today most of the Business Organizations actually focuses on collecting raw data and informations and analyzing them to adopt correct and accurate decisions in different dynamic market conditions.
With the Business Intelligence tools Organizations can make a superb profit by making a perfect market strategy and also competes with other Organizations by capturing their previous marketing policies.
The Business Intelligence tools also helps in the quick decision of sales making strategies and helps actually in the Business process redesigning. Developing the operational performances or customers satisfaction helps give an Organization a better approach towards market.
The Business Intelligence Lifecycles or Process :
Focus on the business
You must gather all the requirements,
recognize the businesses, involved in the project scale, and also analyzing them.
Build an information infrastructure?
In this phase, design should be made for an approach to gather all the information into a single, integrated, and well ordered foundation so as to cover all the requirements that are gathered before.
Deliver in meaningful increments
In this step the data warehouse is built in some incremental steps, and then delivered in several meaningful schedules.
Deliver the entire solution
Various informations, such as the reports, the ad hoc queries, the websites, several documents etc should be delivered.
Raw Data Capture
Instead of making suppositions based on some unreliable feelings or some rumors, the decision cycle actually starts with some raw data i.e.; the piles of data which is collected as a part of some day to day operations.
Business User Oriented Analysis
Provide the analytical tools too the decision makers necessary to gain imminent from the data warehouse information. Various trends, variances, and statistical circulation of these measures can easily be researched and also understood. The Management can easily monitor the development processes by collecting the Data warehouse informations.
Conversion of raw data into informations
The relevant claimed data which is captured above, actually then flows into data warehouse. Throughout the process, many business policies carries out to alter the raw data generally into the analysis oriented structure.
Making decisions to produce change
Using the information gained from above analysis, contract department in fact may decide to analyze the contracts with some existing providers for including the sub specialty to get an increased attention. However on the other hand, they can decide to develop the contracts with a group of physicians which are presently out of the network & performing these exact sub specialty services.
