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Q:

What are the examples of BI Initiatives (Focus Areas)?

Answer

Customer Satisfaction, Problem Resolution, Loyalty & Customer Value, Up-sell & Cross-sell, Customer Churn, Customer Segmentation, Cost Control, Revenue & Profitability, Performance Management, Outage / Downtime, Defect, Marketing Effectiveness, Collections are some of the examples of BI initiatives.

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Q:

Which industries can benefit from BI?

Answer

Companies across all the industries like Manufacturing, BFSI, Retail, Service, Telecom, ITES, Pharma & Healthcare, Infrastructure & Construction, Automotive, Education, Government, Public Sector, etc. can benefit from BI.

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Q:

What are the challenges faced while successfully implementing Business intelligence?

Answer

Most companies grasp the potential value of successful business intelligence applications. However, a common challenge that IT professionals encounter is how to find successful BI application that are adopted by users and make a positive impact on the organization and on the bottom line. It can be difficult to structure effective BI project teams, select the right BI application, manage business-IT communications and measure BI success. BI is robust application, developing and optimizing successful BI application is always a challenge which involves structuring BI teams and managing business-IT communication.

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Q:

Does Business Intelligence (BI) works with existing applications and databases?

Answer

Yes. Business Intelligence (BI) solution like 1KEY is designed to interoperate with data that exists in virtually any enterprise data source, such as Oracle, IBM DB2, or Sybase. For example, you can use SQL Server 2005 Reporting Services to run reports on data stored in an Oracle database. Also, SQL Server 2005 Integration Services can be used to extract data to or from any OLEDB data source. 1KEY can connect to multiple database, multiple applications like ERP, CRM, SCM, HRM, financial accounting or any other core transactional application (SAP, Orracle E-Business Suite, PeopleSoft, JD Edwards, Siebel, QAD MFG/Pro, Microsoft Dynamics, Navision, Ramco, Tally.ERP)

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Q:

What is a BI dashboard?

Answer

Dashboards are real-time business intelligence interfaces. They allow a huge amount of data to be read in a single interface in order to analyse the success or failure of the business or project in question

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Q:

What are the core BI tools that professionals work with? Which ones have you used?

Answer

SSIS, SSAS and SSRS are the most important reporting systems that BI professionals work with. On a detailed level, I have worked with data mining, master data management, data profiling and data cleansing and analysis.

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Q:

How would you explain the concept of business intelligence? What is its importance?

Answer

Business intelligence is a concept that covers development of warehousing and business intelligence applications and databases that assist in diagnosing and repairing user issues as well as performance ones. This is an extremely important set of procedures as it engenders quality end-user products and helps company representatives in understanding core issues and resolving them.

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Q:

What is capital structure? What are the principles of capital structure management?

Answer

Capital structure is a term which is referred to be the mix of sources from which the long term funds are required for business purposes which are raised to improve the capital of the company. To fund an organization plan this capital structure is required which is the combination of debt and equity. The management ensures the capital structure accesses which are needed to fund future growth and enhance financial performance. The principles of capital structure management which are essentially required are as follows:-


 


1) Cost Principle


2) Risk Principle


3) Control Principle


4) Flexibility Principle


5) Timing Principle

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Subject: Finance