Technology- Business Intelligence

There are many ways to improve the performance of your business. One of the most popular ways today, is to make use of the whole plethora of tools known as BI or business intelligence. Using business intelligence gives you the ability to be one step ahead of the competition. It is of course vital that you have a properly thought out business intelligence strategy in place before you begin. Preparation is the key to success in anything and this is especially so when setting out your business plan and future goals.

How Can BI Help Your Business

So how can business intelligence help your business? At some point in their careers, most business owners have found themselves completely in the dark about facts and figures of how the business is going, how much stock there is and what state the cash flow is in. The problem is that the business is growing, you are working ever more hours just to keep everything moving and you haven’t got the time to spend going over all the facts and figures, so it is all a bit vague and approximate until you find yourself either with too much stock and not enough cash, or not enough stock to fulfil an important order.

Know the Facts and Figures

You need to be able to have all the facts and figures available whenever you need them so that you are fully aware of what is going on at any time. This is where dashboards, analytics, CRM software, performance management, olap, data mining, data warehousing etc come into their own. All the information you need will be at your fingertips when you need it. You will need to find a good business intelligence company to help you set up exactly what you need to operate your business. They should be able to tailor the correct software to your requirements and only give you what you actually need.

Know you’re Data and Keep Your Business Ahead

By having all the data to hand, you have a greater chance of getting your business ahead and staying ahead. All the information can be broken down to whatever you want, so if you need to see how certain lines are selling, how a particular branch is doing or how your customer services are coping, you can find this out with ease. That way, you can promote slow moving stock, further train staff where needed and make sure that all your customers are kept happy.

Up to date information and data is vital to the running and management of any company, now with business intelligence, you can have the tools that will make this easy for you. This will give you more time to devote to running the company rather than chasing facts and figures and better still will allow you to make decisions based on fact and not on gut feel.

 

Information Technology Asset Management & Business Data Security

In a business it is important to keep the data confidential, integrated and available. For a business house or it is necessary to have complete security over the network. It is the part of the legal and privacy requirements. Business data services helps in preventing vandalizing and theft of the important information. Organization using business data security system has an advantage over the others. In their companies only few who have an access to the information; no one can peep into the database.

To add your knowledge the information systems has three integral parts: hardware, software and communications. For IT asset management, there are experts, who are well versed with IT asset Portfolio management. These include technological, financial, physical and contractual aspects. By now you would have got a brief idea about what is IT Asset Management & Business Data Security. So let us now see how these two are interrelated.

Broadly Computer Asset Management can be classified into two: Software Asset that implies to those particular practices that are specifically related to software. This broadly includes, management of software licenses, regularization of images, complying with the laws and regulations of IT industry. Other is Hardware asset management involves management of computers & computer networks.


Informational management of computer asset has provided in complete business data maintenance and security. They help in

-Improving the complete process and support in making strategic decisions.

– Increase control over the inventory. Hence, head of the organization knows what he has and how dealings and important data are protected.

– High accountability to guarantee fulfilment of the agreement.

-Develop performance of assets and life cycle management.

-Proper utilization of software resources and hardware resources.

-Keeping the backup data and to make data recovery process very easy without wastage of much time.

-With the help of these, one can easily track the person who is trying to misuse the information. Hence, this to an extent helps in eliminating the risk through standardization and proper documentation.