About Business Intelligence

 
 

What is Business Intelligence

Business intelligence is defined as the ability for an organization to take all its capabilities and convert them into knowledge.This produces large amounts of information that can lead to the development of new opportunities. Identifying these opportunities, and implementing an effective strategy, can provide a competitive market advantage and long-term stability within the organization's industry.

Dashboards and Scorecards

A dashboard is a visual display of the most important information needed to achieve one or more objectives, consolidated and arranged on a single screen so the information can be monitored at a glance.

The terms "dashboard" and "scorecard" are often used interchangeably although they are indeed different things. A mejor difference between them is that a "scorecard" focuses on a given metric and compares it to a forecast or target, whereas a dashboard will present multiple numbers in different ways.