Business Intelligence is a key technology now used by many companies. While some companies still utilize old and dependable transaction processing systems to gain business information, many companies now prefer the database and application design technology.
A wide array of business information is beneficial to companies that cater to competitive markets. Business intelligence is not limited to gathering information. It includes proper channeling and dissemination of the information, and could even extend to the analysis of the data gathered.
You may browse vizbp.com to know how effectively business intelligence assesses your business information system.
One of the most important aspects of business intelligence is data gathering. A scorecard will help you determine how effective the system you are employing is in gathering the necessary data for your business.
Data gathered by means of the Internet and those coming from documentary research are of equal weight. The scorecard will not only determine how effective the methods you use are but also how useful the data that you have gathered are.
How you manage the vast wealth of data you have accumulated is another story. Data management is a perspective included in the scorecard because it is important that information should be stored properly and is well protected. The data should be easily accessible by those authorized to view and use them but it should be secure from unauthorized people, too.