Business intelligence has recently become a word used by almost every CFO, controller and analyst. In 2000, International Data Corporation labeled the growth in the business intelligence software market a “revolution” and estimated the market size to reach $5.2 billion by 2003. Dataquest, another research company, believes in even faster growth, and predicts the market size to be $6.2 million by 2002. This growth strongly relates to the fact that technology has reached a point where it is now possible to plug an analytical software on top of a company’s key transactional databases, and in almost real time make sense of all the data to support key decision making.
Book Details:
- Author: Nils H. Rasmussen
- ISBN: 9780470490730
- Year Published: 2002
- Pages: 304
- BISAC: BUS001040, BUSINESS & ECONOMICS/Accounting / Managerial
About the Book and Topic:
Business intelligence has recently become a word used by almost every CFO, controller and analyst. In 2000, International Data Corporation labeled the growth in the business intelligence software market a “revolution” and estimated the market size to reach $5.2 billion by 2003. Dataquest, another research company, believes in even faster growth, and predicts the market size to be $6.2 million by 2002. This growth strongly relates to the fact that technology has reached a point where it is now possible to plug an analytical software on top of a company’s key transactional databases, and in almost real time make sense of all the data to support key decision making.
After having spent the last decade implementing Enterprise Resource Planning software and other mission critical solutions, companies now have large databases with transactional data sitting in their computer rooms. Thousands of consulting hours and millions of dollars later, the return-on-investment scorecards range from poor to very good. However, common across all industries is the need to quickly and easily analyze the financial data in the corporate databases, to be able to make more intelligent decisions about the future. This book will help financial managers understand trends, technology, software selection, and implementation in regards to financial business intelligence (financial BI) software. By the end of the book, financial managers will be able to answer the question: How do I measure my company’s financial business intelligence?
Provides history and future of business intelligence, new software tools that are revolutionizing financial analysis, important areas of use in finance, report/screen examples Discusses the critical technology that will make or break a company’s success with a new business intelligence software: platforms, datawarehouses, data integration, front-end user interfaces, the Internet Shows how to select the right business intelligence solution (tips and buyers guide) Shows how to successfully implement a new business intelligence solution Provides a dictionary of business intelligence terms Provides a comprehensive list of Request for Proposal (RFP) questions Provides examples of popular financial business intelligence reroutes and user interfaces
About the Author
Nils Rasmussen is Sales Manager and Senior Consultant at Solver, Inc., a budgeting and reporting consulting firm. Paul S. Goldy is a Senior Consultant with Knosys Inc. (Boise, Idaho). Per O. Solli is a co-founder and Project Manager at Solver, Inc.