Impact of introduction of business intelligence tools in organization Research Paper

Impact of introduction of business intelligence tools in organization - Research Paper Example This paper illustrates that ever changing newer technologies have transformed businesses all over the world and these technologies are actually determining the future viability of a said business in today’s competitive environment. An organization today is more or less global in some way or the other, therefore, the competition is not constrained to geographical boundaries. The effect of this threat is evident and companies are being more proactive in investing in software suites that would provide them with the competitive edge over their rivals. Economies in many ways are becoming more and more technology dependent these days and this means that the organizations performing business in these economies too should equip themselves with technology and use it to outperform their competitors. Many theorists have argued over the recent times that organizations should employ technology to make them more agile and flexible. To serve this purpose, many renowned business managers came up with the idea of using statistical measures to best translate the data they have. Data is only an asset if it can be transformed into some useful information by the means of which decision making could be made easier and business managers can forecast their production plans and marketing strategies. Companies therefore are moving away from conventional approaches to a paradigm where information management is a very important determinant. The researcher therefore aims to examine the information landscape of an organization before the implementation of a business intelligence tool and the after effects of the implementation. He will also look into the different technologies available and how each technology varies with the organization type and organization size. Moreover, he will also take into consideration the success stories of many different organizations that are reaping huge rewards with a successful Business Intelligence tool implementation! The researcher will look to fin d and interview concerned business managers such as Sales managers, Brands managers, Credit managers, Compliance managers and Technical managers. This array of managers don’t only show the diversity of application of Business Intelligence technology but also show the various set of departments can benefit from one Business Intelligence implementation in an organizations. 2. Objectives The objectives of this research are very well defined and cater to a very specific niche of applications. They are as follows: To examine what effect on organization’s performance can a specific Business Intelligence application bring To examine how organization can define certain Key Performance Indicators and use them to gain business edge How reporting and dashboards can simplify a manager’s job To assess the value of historic data and how can it be used to work like a decision support system To study if Business Intelligence applications are compatible with other information pr oviding software available in the organization? To differentiate between different Business Intelligence Technologies available and recommend the ideal match for a specific organization To calculate a typical ROI on Business Intelligence Suite Implementation To study how to streamline the general architecture of a BI implementation with the organization’s IT architecture 3. Background Organizations over the years have tried their best to forecast or predict things. In the recent past these studies were based on study of current happenings and events. Since the introduction of computers at the workplace, these studies became much more