BUSINESS INTELLIGENCE AND ITS USE IN cDECISION MAKING

In today's globally driven economic world, growth of the company givena limited set of resources is the only mantra for the survival of the company. In this fast growing economy where any decision could send you to the top or would show you the ground companies are working round the clock to get their permutations & combinations of their resources right. TIME is one of the important factors, which many times is not considered by the decision makers of the company. Many times it so happens that a large amount of time is utilized to come to a decision but the problem for which it was taken is now out of hands. In the above given scenario companies .are utilizing IT-enabled tools which would facilitate them to take their decisions; IT tools like DBMS, MIS enable companies to store their data and based on the stored data companies can forecast for the future. Business Intelligence system comprises of such kind of tools, which drives the wheels of the company on the path of better decision-making, which would help the company.