Business Intelligence News

The Business Intelligence news covered in FierceCIO gives CIOs, CTOs, and other senior IT managers an easy and quick way to keep up with business intelligence software, tools, and solutions. Business intelligence is used to make companies smarter and more efficient. Used correctly, business intelligence tools can enhance business performance by allowing key employees to more effectively analyze data from multiple resources such as enterprise resource planning and customer relationship management systems.

Cognos, Siebel, Oracle, SAP, Business Objects, IBM, MicroStrategy, and others sell business intelligence software designed to turn data into meaningful reports which enable a corporation to shorten the decision making process, identify trends and cost cutting ideas, deliver business intelligence to users on demand and in real time, and more effectively manage customers and business performance. CIOs are justifying spending money on business intelligence software, because the investment yields fast payback. Without such software, data goes unused which results in untapped productivity. This explains why investments in business intelligence were one of the top ten priorities for CIOs in 2004 (Gartner).

The financial industry is a perfect example why business intelligence solutions are necessary. With the Sarbanes-Oxley Act, corporations are now required to have better control of all risks inherent in doing business. Corporate governance demands that the executives in charge certify financial results and quickly report on any changes that might effect the company's financial condition. Without business intelligence tools, this would be impossible for large Investment Banks.

As business intelligence solutions seep deeper into the corporate structure, FierceCIO will keep IT Managers up to speed on all business intelligence news.