As we step to the multiplicative business world, we are bound to be vexed from the galactic pool of spreadsheets, reports, text etc. which are all equally crucial for the survival of the business.

Here, the contemporary technology brings a sigh of relief by introducing the leader of data storage i.e. Business Intelligence Analysis, which organizes our information in a systematic manner and consolidates a efficient working environment.

Business intelligence transforms the raw data into data which augments the knowledge initiating an efficient preparation meant to guide the organization for growth and prosperity. This invention of collecting, stacking, interpreting and providing ease in access to data facilitates the enterprise users to make superior designs of trade.

The Business Intelligence analysis tool software caters with analysis and query, description, funding, planning, forecasting and the final stage of performance management. It also reacts to the different interrogative requirements inside the business as to what is occurring, the reason behind it's happening, the future prospects and how to streamline the process.

Characteristics:

- It is a multiple user, single interface which is an entire hub of this information of this enterprise.

- It gives timely replies to the business queries.

- It envelopes all departments of the given organization.

The key stages of the functioning of business intelligence analysis comprise:

1) Data Sourcing- Extracting the information of text, images, files, database, web pages, etc..

2) Data Analysis (Data Mining) - synthesizes the necessary information.

3) The helpful facts and relevant inferences are connected along with the irrelevant ones have been washed off.

4) Identification of valid classes of action on sensible anticipation.

5) Semi- interactive software encourages good plans.

Providing increased operational efficiency, available information material to partners and customers and better advertising canvas are the best features. It also discards report backlogs, delays, wasted resources and reduces inventory costs. The factual information provided gives a smooth ramp to make realistic plans. Additionally, it leverage investment in information warehouse or ERP's. Apart from this, this program tool negotiates the best contracts with manufacturers and clients. It's lately identified as the superfine innovation needed to establish a well- networked business environment.

But, there are a number of hicks too. First and foremost being it's high cost. System upward gradation along with it's appropriate maintenance and time consuming training are some of the defects. End users may also find it time consuming to run it through the queries.