Why do organizations store information

" BI techniques allow to improve the performance of the organization by obtaining information , which will revert to the profitability of our business and will allow us to focus maintenance efforts and take advantage of new opportunities lifebloombeauty ."

A necessary condition made in advance for the construction of a Business Intelligence (BI) system is the implementation of a corresponding software. The first and fundamental thing that the system does is the collection and storage of information. Some of the information collected is internal company data, which is accumulated in a central location known as a “data warehouse”. In addition, the ETL process supports that the data warehouse is optimally provisioned with the data futuretechexpert.

Elements for which information is stored

Organizations need information:

1. As support during your transactions : In this type of process, the information is used to coordinate the operations or functions of the various departments involved, and to record the activities that are being carried out naturalbeautytrends.

Let's imagine, for example, that one of our customers launches an order form. At this moment, a chain of actions begins, which include the registration of the order, the checking of stocks, the checking of the risk posed by said customer, the issuance of the invoice for signature, and the cancellation of the debt at the time of making the payment. All these processes generate information, which can be used in a coordinated manner to improve the transactions carried out techsmartinfo.

2. In decision-making and monitoring of results : In this case, the information stored in previous operations is taken into account to make future decisions.

Let's put ourselves back in the case of the sale of the previous point. Let's imagine that we had budgeted a sales figure for the specific period in which the sale was made. In this case, we will use this information to check if we have achieved the general objectives set, and the specific ones associated with the sale that we have just made. In addition, this same information can be very useful to make sure that sellers have met their sales quotas, or if they have reached the estimated objectives in their commissions smarttechpros.

3. To embark on new businesses : The information can also become an item for sale, as long as we are able to transform the data of our customers and suppliers into useful information. The uses and characteristics of the information are related to the different levels of organization of the company, and vary depending on the functional area in which we find ourselves (commercial, administration, production, logistics, marketing, human resources).

It is necessary that we consider the information collected in the human resources area. In this section, the existing data is related to payroll, labor costs, training, candidates, resumes. However, in the commercial area, the information refers to products, prices, rates, customers, stocks.

Importance of Business Intelligence in the information warehouse.

Business Intelligence within its definition, has as one of its main objectives to measure and monitor business results, which can be income, costs, sales. The reason why this process is carried out is deeply rooted in business management control, and can be summed up in the phrase “what is not measured cannot be managed”.

Therefore, the first thing we must do is define what we want to measure and how we are going to do it. To achieve this step, it is necessary to clarify what our business model is, and what are the metrics that we will use in the measurement process.

In this way we begin to understand that BI applications irrevocably entail the standardization of metrics and internal processes of the organization .