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1. The ROI on Oracle BI Solutions
All businesses have the need to remain competitive in the market. But this is not possible unless
organizations make efficient use of their resources, especially their data. In today’s digital era, this
becomes more and more challenging, as numerous applications and systems are being employed by
businesses, and data is generated across these applications and systems. The lack of a
comprehensive view of data and the absence of analytical business data makes it impossible for
organizations to use the power of information to their advantage. To overcome this shortcoming
sophisticated Business Intelligence Solutions have been designed by industry experts.
Oracle Business Intelligence Solution is one of the popular business intelligence solutions in the
market today. It comes with capabilities for real-time, interactive access to information and
enables analysis and manipulation of data, providing decision-makers with easy access to critical
business information. It also analyzes historical data generated through transactions or other
business activities and helps by providing timely valuable insights that enable strategic decisions.
Most importantly, this Oracle technology platform can bring about significant return on investment
(ROI). This was revealed by a recent study conducted by Forrester. Following are some of the
important findings of the study:
Oracle Business Intelligence solution has yielded an ROI of nearly 97 percent to businesses
Organizations experienced 5 percent lower technology procurement costs within the very
first year of deploying the solution
$1 million accounts payable savings per year were achieved by businesses by the third year
of deploying the solution
A significant improvement in labor efficiency was witnessed in departments across the
organization
This study has clearly demonstrated the value that Oracle Business Intelligence Solutions can deliver
to businesses today. By integrating business intelligence with all Oracle applications, employees at
all levels can leverage the power of business analytics for making strategic and profitable business
decisions at the right time.
Amongst other benefits, Oracle Business Intelligence Solution has another significant advantage. It
can draw data from varied sources in an organization, including third-party programs, and create an
environment that integrates multiple sources, thus presenting a centralized view of data. This
enables businesses to gain visibility over the data they collect, which in turn improves operational
efficiency, accelerates performance and dramatically increases productivity.
Related Links - Oracle E-business Suite & Oracle Exadata Database Machine