Successful Business Management Requires Precise and Timely Information
"Some of our customers knew better than we did how much they earned us. Also they often had a better view of their global position with the Bank. In negotiations this placed us in a fundamentally weak position."
If a company does not know where it makes its profit, performance becomes a hit or miss affair. Institutions can find themselves trapped in a maze of information and there are few software vendors that offer a complete solution to their management information needs.
Qi8 from Corporate Solutions International ( CSI ) has proved to be a product that provides such a solution. We are currently creating content for this section. In order to be able to keep up with our high standards of service, we need a little more time. Please stop by again. Thank you for your interest!
In the face of ever-increasing competition, institutions need to convert the mass of data available from external and internal sources into an asset that can be used to react quickly and effectively in servicing the customers. IT vendors have promoted data warehousing as a means of drawing value from this data mass. However, successful implementation of data warehousing relies not only on technology but also business knowledge.
To date, institutions have encountered difficulties in realising the anticipated benefits from data warehousing. These difficulties demonstrate the need to address the organisation's strategy and infrastructure in the installation of data warehousing for Management Information Systems (MIS). The implementation process requires an institution to standardise product and marketing structures and to use common sets of accounting principles.
The in-house approach of data warehousing pioneers has now been modified as projects include additional tools such as data mart, on line analytical processing (OLAP) and report writers with a focus on delivery of immediate benefits. Again, Qi8 provides such a solution.