The Oracle Business Intelligence comprises of various set of tools that support the end users to access reports and analysis for decision making purposes. Now, what can be the different tools for implementing business intelligence (BI)? They are discussed in the following.
KPI (Key Performance Indicators): These are the kind of indicators that are used to monitor the present status and then forecast and anticipate the future performance of the organization. They can be considered as the health indicators of the industry and a proper guide to performance management.
Data Warehousing: DWH or data warehousing are often considered as the first step towards BI. It is the main pool of data which can be organized to make the reports and analysis. The data can be collected with the help of the data integration tool by using the process of ETL (Extract, Transform and Load). Thus, the BI process includes extracting the data from the origin, transforming them and then, loading them in the database. Finally the BI layer can be used for consolidating the data and generating reports accordingly.
Using Meta Data: Meta data is information about the data, the source or the origin and what changes are required in the data after the analysis.
All the key requirements for the business intelligence can be explained as below:
First phase: It is important to make sure that the BI projects become successful right from the initial stage. Therefore, flexible techniques and tools are required to change and upgrade the process regularly.
Experience: Experience is required as the data warehouse maintenance needs to be done by skilled personnel. The design and the infrastructure always demand proper concern to satisfy all the business needs.
Managing Internal Control: Efficient internal control i.e. excellent resources are required throughout the process. The data warehousing can also change according to the varying needs of the business.
Buy-in Process: Business intelligence along with the data warehousing process may sometimes result that the user is having a limited knowledge. That is why reporting and analysis form an essential part in the user buy-in approach.
Project Management: The project management can coordinate with the Rapid Application Development (RAD) techniques and can mitigate various kinds of losses and risks that revolve around a particular project.
Providing Knowledge to End Users: The end-users must have all the technical know-how before using the Oracle database. The trained users of the Business Intelligence are likely to be 60% more successful than the untrained ones. Though some of them can have experience about the BI tools, they will not be able to perform the operations without the technical knowledge of the new BI/DWH solution.
Now the technical know-how can be summarized as follows:
Information Platform: The web platform can be useful for managing all the reports and analytics. A lot of information can be gathered and reports can be generated easily.
Integrating: Collaboration and integration are required to make the workflow process smooth by communicating users at different stages. Reports and strategies can be created by all the threads attached after every discussion.
Security: The system and the data functionality can be accessed by the user only by logging into the network. Thus, a secured system needs to be maintained throughout the course.
Data Analysis & Ad-hoc Reporting: The end users can easily extract the reports and distribute them after analyzing them critically.
There are huge potential results of implementing the BI solutions to your business. But, the lack of experience and poor management in different organizations obstruct the success in many cases. So, a proper technical know-how is in great demand for the business which is using the Oracle database.
Photo by King of Hearts. License: CC BY-SA 3.0.