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Business Intelligence Software Or Crystal Ball

June 23rd, 2009 | 1 Comment | Posted in Corporate, Other Corporate News

There have been great difficulties due to the economic crisis on the computing industry but at the same time there is also a silver lining called business intelligence software, in short called as B-I software. Business Intelligence Software is designed to help the companies to understand what is going on in this world and also aware those more about the informed decisions. BI software has not been immune to the corporate computing.

Also BI technology is helping to those who have taken the Business Intelligence plunge to compensate the present realities of business world. Carnival cruises, is a SAS institute of BI customer which used this technology to grapple with the customer base changes. On speaking about this technology Mr. Shannon Balliet Antarch, carnivals director of database marketing and customer data integration said, “We are not seeing customers walking away from cruising, but it is a different kind of customer than in years past more value conscious”.

For example of real time case study, the company noticed that the customers were booking the cruises very closes to the departure time. So the director decided to alter the pricing, products and promotions strategy accordingly to keep themselves more likely in this industry. BI software runs on storage systems of very large size and readily runs on servers. E-Bay’s warehouse of data, stored using Green Plum’s BI technology that has reached to 6.5 petabytes as it notices every click and the other events at the commerce site, said the President of Green Plum Scott Yara. Storing the data of 13,000,500 GB hard drives is more complicated and expensive but BI software lets the people process that data also.

The nature of the Business Intelligence software makes the companies to find out their customers and sort them according to the products they buy. This software also analyses the stress or angry level of the customers if their product did not reach them within stipulated time and also calculate the cost and benefit of hiring new customer service representatives. It also tracks the results. According to Mr. Clint Johnson, Vice President of the company’s data warehouse and BI work at Zion’s Bancorp, Business Intelligence grafts more neatly into an existing business without requiring big changes.

Mr. Johnson, a Business Intelligence software user said,

“I think people are trying to solve some strategic problems but not the world’s problems”.

The economic turmoil crystallized into new directions for Business Intelligence. According to Mr. Sommer the transparency and tighter alignment between strategy and execution are issues on top of the agenda in today’s business scenario. Under the United States government’s troubled assets relief program, a lot of the earlier priorities were on Business Intelligence especially in marketing excluding the risk management. Business Intelligence helped the companies to concentrate on the traditional requirements of the business.

The success of Business Intelligence software lies in the fact that the BI using companies discovered the online banking customers with an annual turnover more than four times less than those who did not. This affects the marketing efforts of the company. Business Intelligence (BI) software must be fed with the data that has already has bearing.

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