Business Intelligence
at Indiana University
About BI
What is Business Intelligence?
Business Intelligence (BI) is a set of technologies and processes that help decision makers use data to understand and analyze organizational performance. BI is the use of fact-based management to drive decisions and actions. It is About BI getting the right information to the right people at the right time to support decision-making and organizational effectiveness. BI is a broad term that encompasses what we have referred to as the decision support environment, including the data warehouse, reporting, and analytics.
Drivers for Business Intelligence at IU
- Global competition among schools for students, faculty, and research dollars
- Increased demand for accountability and performance assessment; strategic alignment
- The alignment of strategic goals with measurable results
- Budget constraints and the need to cut costs
- Demand for ERP systems to deliver greater value
Goals of the BI Initiative at IU
BI has the potential to revolutionize the way business is done at Indiana University by:
- Transforming data into information that empowers decision-makers at all levels.
- Deploying state-of-the art tools to access and manipulate data.
- Encouraging a fact-based, data-driven approach to decision making.
- Orienting behaviors and processes toward the University's strategic goals.
Business Intelligence will allow us to:
- Integrate information horizontally across applications, campuses, and external partners
- Report information consistently through all levels, from executive to operational
- Provide role-specific information for key decision making
- Benchmark against other institutions and organizations
- Host a shared, common source for institutional data
