ERP And Business Intelligence: Why They Are Connected

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ERP And Business Intelligence Why They Are
Connected
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• Almost every business of any size has started
  using ERP systems to keep silos of data at one
  common software platform. There is no use of tons
  of data if it cant provide you with the useful
  information. The problem is data is everywhere,
  but information is nowhere. To make the most of
  the data, leveraging business intelligence tools
  is very essential. Now, companies have released
  the importance of existing data and how it can be
  utilized to draw out meaningful insights.
  Therefore, they have shifted their focus towards
  big-data initiatives. ERP is a foundation tool
  for any sophisticated business. ERP and business
  intelligence integration enhance the analytics
  work.
• https//erpsolutions.oodles.io/blog/erp-and-busine
  ss-intelligence/

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• Business intelligence is a process that makes use
  of some tools and applications that analyze data
  and presents actionable information drawn from
  it. This information is used by the companies to
  make informed business decisions. BI works on
  facts and makes use of historical data to present
  information that can be used to take actions. In
  custom ERP software development services,
  analytics is a standard feature.

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• Now, Find out about the benefits of integrating
  ERP and business intelligence tools
• 1. Legacy data
• Legacy data is considered to be a vital aspect of
  an enterprise application. It means the data is
  dropped over to another system from a previous
  software system. It is very important for
  companies to leverage legacy data. Otherwise, it
  can lead to losses. Business Intelligence tools
  can only help in using this legacy data and
  perform a correct analysis.
• 2. Data warehousing
• Every ERP system development gathers a colossal
  amount of data every day. This data needs to be
  processed alongside to glean useful insights.
  Contrarily, a huge data remains unused to its
  full potential. For this reason, when it comes to
  Data warehousing, business intelligence should be
  applied in ERP.
• 3. Only facts based decision-making
• BI tools and techniques dont let companies rely
  on the instincts for crucial strategic decisions.
  However, Business intelligence provides accurate
  information based on facts and represents market
  trends and patterns.