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Making money from data: Financial business intelligence at work
This article is part of the February 2012 issue of IT in Europe
As understood by the finance function in different corporate organisations, business intelligence (BI) is likely to yield a variety of precise definitions. However, finance professionals who are using or considering procurements of financial BI software, whether in financial services companies or other sectors, usually have the common goals of increasing revenue and decreasing costs. BI’s essential métier, in the field of commerce more generally but particularly so in financial business intelligence applications, is to use a company’s data to gain a deeper knowledge of not only how the business is performing but why, and then to use that information to make advantageous business decisions. Learn more about financial business intelligence Read this SearchBusinessAnalytics special report on business intelligence in financial services Learn about the best analytical tools for BI in financial markets Get advice on developing a BI career from a financial background “To me, business intelligence means trying to make money out of ...
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Features in this issue
Finance professionals are heavy users of BI and predictive analytics software. Find out how a variety of European finance functionaries are analysing trends, cutting costs and finding new business.
News in this issue
Predictive analytics is being used in the oil and gas industry to better manage asset maintenance on capital equipment. And a more enterprisewide adoption of the technology is predicted.
Master data management is a business discipline that transcends technology. But what are the advanced and emerging technologies that subtend MDM? Aaron Zornes quizzed; Volvo profiled.