What is business intelligence good for?

Most companies spend days or weeks compiling data for background analysis which is required for business decisions. Results are far from being up to date or accurate, which means that well formed decisions are almost impossible to make. How can the decision making mechanism be made to work well? Business intelligence systems have been developed to help in the continuous monitoring of processes, in adapting to market changes, in supplying data for operative and strategic decisions and in predicting foreseeable results. A comprehensive package including the best practices of the sector has been developed by a Hungarian company. The attitude used by the Smart Management system of HostLogic Kft is quite special. The system offers sector-specific reports and analysis automatically. Owing to the pre-configured solutions, introduction is very quick and cost effective. Transaction data is loaded into the data base optimised for reporting automatically and reports are also prepared automatically. There is no need for programming to make reports or dashboards. Reports and even warning signals are distributed to competent officers automatically, when necessary. Plans and current data are stored in a unified structure, which allows comparison of planned figures with actual figures in all stages. For example, the system allows strategic planning and the automatic generation of planned costs and results.