Business Intelligence in Organization. Benefits, Risks and Developments

Abstract

Abstract:Based on the literature review, significant benefits have been identified out of the implementation of Business Intelligence. However, risks have been also discovered, and they were mainly connected with an improper change management during the process of the BI systems implementation. Further direction for a development of BI system has been discussed, focusing in particular on maturity models available in the literature. The paper highlights the fact that maturity models currently available in the literature do not take comprehensively into account all aspects of the development of BI in organizations. Therefore, there is a need for further research in this field of science.

Sustainability of Commercial Banks Supported by Business Intelligence System

“…It is worth recalling here the basic value from the use of the Business Intelligence system. It indicates that the implementation of the BI system causes a "transformation" of an organization, triggers an impulse for changes, as well as gives completely new possibilities of information processing [44,60].…”

Informatyka i zarządzanie na przełomie wieków. Metody, narzędzia, systemy, zastosowania

“…Before the era of computer technology, decisions were made mainly on the basis of estimates, assumptions and intuition. Currently, we prefer to rely on hard data collected from information systems (Tunowski, 2015). However, the process of collecting and processing data is very labor-intensive.…”

“…However, the process of collecting and processing data is very labor-intensive. By implementing BI, organizations are able to significantly reduce the time required for data collection, data processing and analysis (Bara, 2013).0 Based on a review of the literature, Tunowski (2015) lists further benefits of implementing BI systems in organizations:…”

Risk Analysis of Business Intelligence in Cloud Computing

“…With regard to cloud co mputing, it should be noted that it is considerably easier, faster, and more flexib le informat ion technology, which provides not only substantial co mputing capacity but also a global access approach. Therefore, scalability of data and its custom-regulated enhancement give the business segment a wide range of opportunities [15]. It can be forecasting, assessing, pricing, accounting, communicat ive, and tracking models.…”

“…A mong numerous functions of cloud computing, risk analysis has become a central issue for many organizations. The majority of firms usually utilize business intelligence for calcu lating and forecasting probability of risk and success, so that cloudbased technologies provide an obvious advantage [15]. It is certainly true to a particular extent, but there is a wide variety of implications, wh ich have continued to arise.…”