One of the main requirements for a company to run efficiently is information. The previous project records, financial statements, available manpower are all learning factors that influence the future planning of the company.

Therefore, it is essential to have a complete record of all the company transactions. Compiling all the data manually takes a lot of time and is prone to errors.

Therefore, there arose a need to generate and compile data using computers. Using computer technology to tackle company statistics and data is what is called Business intelligence.

The scope

Once the concept of using computers was initialized, gradually, its scope spread. Computers are now used not just for compilation of data but also to generate analysis on all aspects of the business like finances, work force and assets.

Computer generated reports are more efficient and error free. They are used in planning, business performance management, creating benchmarks, and data mining and future predictions.  It is big help for the human resource managers.

Since human resources deals with the human work force of the company, being armed with such detailed database will help them optimize employee output.

Business Intelligence, business intelligence software, business management, Business Performance Management, company data, company transactions, computer software, computer technology, Data Mining, financial statements, human resource, investment, manual operation, Multinational Company, optimize output, project records

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