Intelligence for your business
What is Business Intelligence?
Business Intelligence tools are based on a global information system with data extracted from production, cost and other economic data.
Business Intelligence is the set of strategies and methodologies that transform information into knowledge to improve a company’s decision-making process. This concept refers to the use that organizations make of data and how they process it to make well-informed decisions.
Business Intelligence involves a deep understanding of the company’s operations in order to anticipate future events. The aim is to understand how and why information is produced in order to adapt the different actions carried out by the organization and thus improve its profitability and productivity.
“Business Intelligence is about transforming data into information and information into knowledge, knowledge that is used to optimize business decision making.”
Business Intelligence is business intelligence
Let the machines do the thinking
Business Intelligence software has become a strategic factor and a competitive advantage for companies. They provide high-value information to respond to business problems through two types of tools: extraction, transformation and loading, and analytical intelligence.
This allows data to be extracted from different information sources, cleaned and loaded into a global database.
Subsequently, the graphical representation of the queries is made possible and a balanced scorecard for reporting is created.
Apply Business Intelligence in your company now
The MOM doeet system makes it all possible
The MOM doeet system incorporates a powerful Business Intelligence engine that provides high-value information, thanks to its automatic and analytical calculation that structures in a simple and agile way the value chain obtained during the production process.
doeet provides you with a global information system made up of different data extracted from production, information related to the company or its areas, and economic data in a single dashboard where you can make queries and obtain information in easy-to-understand graphs.
The set of tools and methodologies associated with Business Intelligence have the following characteristics:
Accessibility to information.
Data is the main source of Business Intelligence. Therefore, the software must guarantee this type of tools and techniques will be the access of the users to the data independently of the origin of these.
Support in decision making.
The aim is to go further in the presentation of information, so that users have access to analysis tools that allow them to select and manipulate only those data that are of interest to them.
Independence is sought between users’ technical knowledge and their ability to use these tools.
Improved budgetary control.
Business Intelligence provides information to the finance department to find ways to save money and find ways to manage expenses.
Types of Business Intelligence tools
Business Intelligence tools have become increasingly sophisticated and powerful.
They are now able to analyze and process an infinite amount of data and sources, and help organizations draw conclusions to improve their business figures. There are different ways of analyzing the information, and therefore the different analyses can be approached as follows:
EIS (Executive Information System)
Solutions that make it possible to visualize the state of a given business situation and identify failures and opportunities from it.
DSS (Decision Support System)
It is a tool focused on the analysis of the organization’s data. It is based on mathematical models and helps decision making through sensitivity analysis.
BSC (Balanced Scorecard)
It is a tool that allows establishing and monitoring the objectives of the organization and its areas.
These tools solve specific problems that require a lot of calculations and analysis.
KMS (Knowledge Management System)
They are systems for knowledge management, oriented to facilitate access to corporate information.