| Business intelligence is all about making technology | | | | A business solution relies on a data warehouse to |
| work to the advantage of a company. It involves | | | | make all critical data available in one place, and |
| utilizing a range of applications and tools to gather, | | | | accessible to all members of a team that handles |
| distribute and analyze data concerning company | | | | data. Having all the data they need in one place gives |
| operations, customer buying patterns, financials, and | | | | the team a comprehensive view, enabling them to |
| industry movement. | | | | come up with solutions more efficiently. An effective |
| One important application businesses use for efficient | | | | data warehouse enables a team to easily perform |
| data gathering and analysis is the data warehouse. | | | | detailed, on-demand data analysis and forecasting. It |
| This is a central repository for critical business | | | | also allows a team to report on historical and current |
| information. Businesses invest in complex but highly | | | | performance data, and share reports with members |
| scalable data warehouse structures because these let | | | | of the organization that need the data. |
| teams access a large amount of data in one place. | | | | A single, centralized repository of information drives |
| Firms without a data warehouse tend to store their | | | | business intelligence by giving decision-makers timely |
| data on different platforms, databases and systems. | | | | and comprehensive knowledge of factors that affect |
| Maintaining multiple repositories makes it difficult to | | | | their business, including metrics, production capacity |
| access and compile data in a timely manner. Because | | | | and key performance indicators. With access to all |
| different databases often run on different systems, | | | | the corporate data they need, they are able to |
| those reports are inconsistent, and analyzing them | | | | monitor their business and make informed decisions. |
| can be time-consuming. | | | | |