Why Business Intelligence?
The business enterprise can benefit greatly by aquiring a better understanding of its commercial context; its place in the market. In fact Decision Support Systems (DSS) have built and investigated for approximately 40 years.
A business can enhance its decision making (knowledge based operational and strategic) by facilitating insightful solutions, knowing that the use of this insightful information is key to its own success.
Quantech Solutions designs, tests and implements BI processes to help organizations manage the extraction, transformation and loading of data into a data warehouse. Quantech Solutions transforms this data into information for purposes of visualising trends and other metrics as part of a Decision Support System (DSS).
Quantech Solutions offers critical services for gathering information from disparate sources inside and outside the enterprise without interrupting business.
BI applications use data gathered from a data warehouse or a data mart
What is Business Intelligence?
IBM researcher Hans Peter Luhn defined business intelligence as "the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal."
The future of business intelligence is BIG
A 2009 Gartner paper predicted these developments in business intelligence market:
- Because of lack of information, processes, and tools, through 2012, more than 35 per cent of the top 5,000 global companies will regularly fail to make insightful decisions about significant changes in their business and markets.
- By 2012, business units will control at least 40 per cent of the total budget for business intelligence.
- By 2010, 20 per cent of organizations will have an industry-specific analytic application delivered via software as a service as a standard component of their business intelligence portfolio.
- In 2009, collaborative decision making will emerge as a new product category that combines social software with business intelligence platform capabilities.
- By 2012, one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups.