Renewed focus on corporate transparency and fact-based decision making has put Data Warehousing and Business Intelligence systems implementation in the top 5 priorities of IT departments. Tools such as balanced scorecard, management dashboard, and data warehousing software are used to enhance enterprise business intelligence so that companies can understand and react to circumstances and opportunities with lightning speed and precision.
Large enterprises have been benefiting from Data Warehousing and Business Intelligence for decades. They have used these tools to optimize operation, lower cost, increase revenue, and ultimately stay ahead of the competition. Numerous studies demonstrate companies that use Data Warehousing and Business Intelligence are more profitable by a margin of 5% to 10%.
Some of the well known companies that use Data Warehousing and Business Intelligence are:
Google, Yahoo, eBay, Netflix, Walmart, Comcast Communications, Disney, the Home Depot, Whole Food Market, Target Corporation, Visa International, Wells Fargo Bank, Verizon Services Corp, Pfizer, Merck & Co, CVS Caremark, Godiva, Gucci, Starbucks Corporation, GEICO Corporation, 24 Hour Fitness, facebook, and Amazon.
Traditionally these tools and techniques have been cost prohibitive for small and medium sized companies; however recent advancements in computer storage technologies and proliferation of Business Intelligence software vendors, has resulted in dramatically lower cost of ownership to the point that these systems are now affordable to companies of all sizes, including start-ups as well as small & medium sized businesses (SMB.)
If as a corporate decision maker you are not already benefiting from data warehousing and business intelligence, make sure to follow our future postings as we describe how you can use these great tools and processes to level the playing field with your large enterprise competitors.
If you are already benefiting from Data Warehousing and Business Intelligence, contact us to find out how we can turbo charge your system.
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