Why Business Intelligence is important
Business Intelligence (BI) is estimated to be a US$50 billion market globally, with the average FTSE 100 company spending US$200 million a year in this area.
However, research commissioned by KPMG (carried out by Cambridge University in 2009) shows that that too many BI initiatives focus on the IT tools and not on driving business performance.
- Governance - by identifying who owns, uses and produces information, we can help you create consistent and accurate performance reporting.
- Performance management and reporting - by integrating planning, forecasting, budgeting and reporting, we help you focus on the information that matters to you.
- Integrated information management - by truly managing information as an asset, we remove duplication and help you achieve accuracy, consistency and integrity of your data.
- Business intelligence platform - by understanding how you use information we can help you use the right toolset to improve decision-making in a cost effective manner.
- Infrastructure - we help you implement a secure, flexible, scalable and cost-effective information infrastructure.
- Improved transparency for management with timely, effective and strategically aligned KPIs.
- Better business performance through forecasting and understanding of your portfolio using profitability and risk analysis.
- Reduced risk by implementing effective data management and governance, reducing data duplication and manual intervention.
- Improved visibility of your business performance by breaking down organisational and technical barriers to provide an integrated perspective.
- Reduced cost of information by implementing integrated and fit for purpose solutions, rather than a multitude of reporting tools and / or reliance on Excel.