Companies of all sizes are investing in business intelligence. This article in Inc. Magazine highlights the trend.
These projects include developing databases and reporting solutions that enable access to information across an organization. The theory is that the benefit of accessing valuable information will far exceed the cost of implementing the technology. In all cases, users of the information need to understand how to use it in order for the programs to be successful and the benefits realized.
In the small business world, too many business owners are depending on out of the box reporting from their accounting software or home grown databases. There are now tools available that can compile and present financial and operational information in a meaningful way. In addition, there are now better tools available to link directly to your data and create customized reporting.