Enterprise business intelligence - Business intelligence - Benefits and objectives of BI

4 important questions on Enterprise business intelligence - Business intelligence - Benefits and objectives of BI

What are the 3 benefits and objectives of BI

  • Flexibility and agility
  • Legal obligations: Sarbanes-Oxley act, Basel II
  • Responsibility and accountability

What is flexibility and agility

Real-time business information gives companies the capability to react more quickly to changing business conditions and to make necessary adjustments much earlier than in the past.

What are legal obligations: Sarbanes-Oxley, Basel II

Certifying that, to the best of knowledge, the quarterly and annual filings do not contain any false data or omission of facts and correctly represent the financial situation of the company.
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What is responsibility and accountability

Analyzing important metrics, improve efficiency, clearer cost allocation

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