There is no doubt that the way businesses are run and administered has changed dramatically over the years. The economical environment has become increasingly competitive, the demand for products and services has diversified and quality standards have gone up. Technology has brought up the opportunity of delivering faster and better products and services to more clients. Against this background, business intelligence was born as a way to optimize business results.

Over time, business intelligence consultants have become key individuals within a company structure. As a specialized category, IT consulting firms have emerged on the market as a response to the need for specific business intelligence solutions. In fact, business intelligence is the design and development of computer-based techniques created for the purpose of identifying, locating, and analyzing business data.

Whether business intelligence provides information in a historical context, within the current circumstances or it estimates future business operations, the role of business intelligence consultants remains the same. A decision support system, business intelligence requires specialized IT support which only IT consulting firms can offer at the required quality criteria.

IT consulting firms and business intelligence consultants are working together to provide quality business intelligence means and solutions. The applications of business intelligence in an enterprise have several well-established purposes apart from offering support for decision making. An Australian business consultant as well as European or American business consultant would have the same approach of business intelligence and understand its purposes in the same way.

Business intelligence consultants utilize computer based solutions to develop performance metrics and benchmarking. Ultimately, a hierarchy is created and business data is integrated in accordance so that senior management can analyze their business by quantifying progress towards specific business goals.

Every business process can be quantified. IT consulting firms can provide the necessary programs to build quantitative processes so that businesses can make the best decisions. The analytics purpose of business intelligence involves data and process mining, statistical analysis, business process modeling and more.

Other purposes of business intelligence consultants may include enterprise reporting programs which build infrastructure for strategic reporting such as data visualization or executive information system. Data sharing and electronic data interchange are part of the collaboration platform of business intelligence. IT consulting firms generally help in that direction more than BI consultants. Of course, knowledge management is also part of the business intelligence objectives as it leads to learning management and regulatory compliance.

Businesses choose to hire an Australian business consultant to help them assess past and current business data, design and implement new business strategies, assess performance and measure progress, quantify results, and make informed and lucrative decisions. All of these are possible only through the application of business intelligence in the enterprise. The IT consulting firms provide the means while the business intelligence consultants teach you how to use the business data and to which purpose, customizing solutions according to your business profile, goals, and strategies.

Mahindra Satyam is a leading information, communications and technology (ICT) company which provides exceptional business consulting, information technology and communication services. They enable companies to achieve their business goals and transformation objectives through the utilization of their deep industry and functional expertise, leading technology practices, and a global delivery model.

Tracy Davnport is an Australian business consultant and member of Business Social Stanford Who\’s Who Business Social Network

Tracy Davnport http://tracydavenport.info is an Australian business consultant and member of Business Social Stanford Who\’s Who Business Social Network http://www.stanfordwhoswho.com

Author Bio: Tracy Davnport is an Australian business consultant and member of Business Social Stanford Who\’s Who Business Social Network

Category: Business Management
Keywords: it consulting firms, business intelligence consultants,Australian Business consultant