Business Intelligence Tools – How Can the Organizations Gain Benefit From This Software?

In today’s competitive business world, many companies are required to collect a tremendous amount of data from their daily business operations. In order to keep track with all the information in a proper manner, these companies need to apply a wide range of software programs like Excel, Access and other database applications for their various departments. Honestly speaking, utilizing multiple software programs is not a good method. It is difficult to retrieve the required information fast. At the same time, the users also find it troublesome to perform analysis of data when the data is stored using different software programs. In order to overcome these problems, the Business Intelligence Tools have been created.

Business Intelligence Tools are new to many people. These tools are a type of application software which is specially designed to gather, store, access and analyze corporate data in an effective manner. In the point of view of many IT experts, this particular software plays a key role in the strategic planning process of the corporations because it allows multiple ways of looking at the complex data. It can be widely used in the areas of customer profiling, customer support, market research, market segmentation, product profitability, statistical analysis, inventory and distribution analysis, and many more.

This software sounds helpful. Is it really true? Let’s read on.

Basically, there are different types of Business Intelligence Tools in the market. By knowing the features of different types of tools, you will be able to make use of this software program at an optimum level.

• Query tools

These tools are very powerful as they have the capability to extract, sort, summarize and present data that is extremely important in a very quick manner. They allow the users to ask questions about the data. No matter how complex the data is, the decision makers of the business organizations are able to make fast decision with these tools.

• Multidimensional analysis tools

They are also known as Online Analytical Processing. These tools allow the users to view the same data from different aspects.

• Data mining tools

These tools are commonly used for marketing, surveillance and fraud detection. They are automated to search data and seek out ways that the data correlates to other data. They help to create key patterns which enable the top management to operate and change the business if required.

• Spreadsheets

It plays an important role in crunching the financial data and summarizing key accounting numbers. The users will be able to create reports fast. At the same time, if there is any modification of the data, the spreadsheets are able to recalculate in an efficient manner.

• Digital Dashboards

These tools are very popular among the key decision makers because all the performance measures, key trends and reports can presented clearly through visual display.

For people who are currently looking for this particular software, I would recommend you to look for the reputable providers like IBM, Microsoft, Oracle, SAP and SAS Global. If cost is your main concern, you are advised to compare the prices of different tool providers before making your decision. Since different users have different needs, you are reminded to find out the features of different tools and evaluate them carefully. Make sure the tools you choose are able to meet your organization’s needs.

Business Intelligence Tools – Get Smart

The biggest mistake that many businesses make is to underestimate the value that business intelligence can add to any sized business. It has been universally agreed by the business world that your assets lie in many places. Yes your plant and machinery is one of them but this pales in significance when you compare it with the assets that your staff brings with them.

However more and more people are realising the huge value that analysis of your business, past and present can and does bring to the table. If you do not understand in great detail how your business has performed in the past, both the positives and the negatives then how can you move forward? How can you drive a business forward to growth without this basic knowledge? Well essentially the answer is you cannot.

In today’s competitive markets, luck and flying by the seat of your pants no longer cuts it. Now matter how successful your brand and or product is, if you do not have a grip on the basics of how your business is performing and why, then you are doomed to fail. This is as certain as night is day.

But what you may not realise is that a business intelligence tool can be as simple as an excel spreadsheet. Yes there are many that are more complicated and intricate but at least it’s a start. And start you must. BI reporting tools need not be expensive, many of the tools available on the market, come in suites, and you can choose the ones that you need, and only pay for those.

In fact your bank manager can probably recommend some. You don’t necessarily have to buy them through your bank; it is usually cheaper to get your own. Most packages offer great support and training and are user- friendly for the novice.

If you even run your own market stall, then you should still be using some form of business intelligence tool to grow your good business and kill off the bad. It is not about how much you sell, but about how much those sales bring into your bank account.

Mumbai Is the Cheapest City to Live in the World

The financial hub of the country – Mumbai is always the economic capital of the country. The economic growth of Mumbai has been the backbone of the city, which has helped in the development of real estate in Mumbai. Mumbai is not only the financial hub of the country, but also the most costly real estate market in the country. Mumbai is known for its expensive properties and housing units.

Though Mumbai is the costly real estate market, it is the cheapest city to live and work in the world among other 12 top metropolitan cities of the world according to the Savills World Research. The most expensive cities to live in the world are London, Hong Kong and New York. Out of these cities, London tops the chart making it difficult for companies to accommodate its employees.

For companies to accommodate its employees in Mumbai has increased up to 2.4% from the year 2008 and now costs up to $29,088. The next cheapest metropolitan city in the world is Shanghai which has increased up to 15.6% from the year 2008 and has reached $38,089.

Hong Kong has shown an increase of only 0.4% and the cost of living in New York has increased about 28.4%. The cost of residential and office space rental on each individual in London has reached $118,425 in the first half of 2015, which has gone up about 20.7% from the year 2008.

The city which has seen a tremendous increase in terms of cost of living for accommodation of employees from the year 2008 is San Francisco with an increase of about 59.8%. Out of the 12 metropolitan cities in the world, cites that have conquered the first three position as most expensive cities are London, Hong Kong and New York.

Though Mumbai is the cheapest city for accommodation of employees, it is the costliest cities in terms of real estate. Mumbai has a special place among other global cities due to its economic and financial growth. It attracts towards it many investors due to the importance and fame that it enjoys globally. The cost of living and working in Mumbai city was only $28,394 per year in December 2008 but now it has increased to $29,088 per year by June 2015.

Though Mumbai city is the cheapest among the other world cities, it is the costliest city in terms of living and real estate in India. This financial hub of the country lures investors from both within the country and from across different countries in the world. The recent growth of real estate in Mumbai has reached new heights due to its industrial and commercial development. This most sought-after city in the country is known for high cost of living among other cities in the country but the cheapest city to accommodate employees internationally. The average cost of living in all cities across the world has shown a significant increase annually and Mumbai is one among it.

Expansion of Metro Is Likely to Increase the Property Prices in KR Puram

According to the sources, the advantage of seamless connectivity certainly plays a vital role in boosting the property prices in KR Puram. With the development of the second phase of Bangalore’s Namma Metro, the locality will be connected to Baiyappanahall. The real estate experts predict that the price of the properties in KR Puram is expected to be increased by 20 to 30%.

When it comes to property investment, Bangalore offers several good localities to invest in. Apart from it, the home buyers can have a multiple choice while buying a property. Krishanaraja Puram is one such area that offers a wide range of residential properties. Particularly, the demand for home is high among the working professionals who have their work locations in Narayanapuram and Mahadevapuram.

Located along the National Highway (NH) 4, Krishanaraja Puram has emerged as the reatly hot spot after the existence of Information Technology (IT) in Marathahalli and Whitefield. Thus, the real estate developers build residential projects in this region by targeting the IT working professionals.

Connectivity is one of the key reasons that attracts the home buyers and investors to buy a property in KR Puram. The locality has good access to three arterial roads that include NH 4, State Highway 35 and the Outer Ring Road (ORR). Besides, KR Puram has the presence of railway station which is located 14 km from the Bangalore City railway station. Also, the international airport can be reached by commuting through the ORR which is 37 km away.

On the downside, the residents of Krishanaraja Puram have been suffering from numerous traffic snarls, as the KR Puram Junction is not very spacious. Alongside, the localities face issues like irregular water supply and the problems of dumped garbage on the roads.

Despite these problems, Bangalore’s real estate market remains steady. With well-developed social infrastructure and increasing job opportunities, Bangalore is certainly a top real estate destination in the country. The city has famous schools and colleges that are best in the country. Besides, Bangalore is the major IT hub that attracts a heap of IT professionals. According to reports, it is estimated that 35% of IT professionals in India are working in Bangalore.

This Housing Bubble Is Set to Pop

For generations, it was always a good bet to invest in a place Americans call home. Housing had almost always increased in value, and you received a multiple of whatever you invested into it in your total return.

Until 2008 that is.

That’s when home prices tanked and our economy entered a recession, leaving people like you and me holding the proverbial paper bag when it comes to overpriced and overleveraged mortgages.

Since then, the root cause of the housing bubble has remained in place – easy-money policies by the Federal Reserve to fuel lending. It has led to another housing bubble.

One that is set to burst sooner than most are anticipating.

Since 2009, the Fed has pinned interest rates near zero in an attempt to prop up our aging, lackluster economy.

With a sub-2% GDP growth rate, it’s hard to believe that this has been a success.

But the easy-money policies have propped up aspects of the market, just not in the pockets of the everyday American. Instead, it has bloated the pockets of Wall Street and investors.

Had someone told you in 2006, 2007 or even most of 2008 to sell your home, you likely would have ignored them. Not many people on Main Street noticed the lending practices going on behind the scenes and understood the extent of the bubble that was in place.

But hindsight is always 20/20.

The problem now is spotting similar bubbles going forward.

I’ll be the first to say that timing the week, month or even year that a bubble will pop is extremely difficult. But that doesn’t mean you can’t notice when that day is near, and for housing it may be just around the corner.

The Truth About the Housing Bubble

There is a substantial divergence as we approach 2015. Prices have climbed about 50% since 2000 and rebounded strongly from the bottom in 2010 to 2011. But existing home sales – the amount of homes actually sold – have lagged and are up just 5% since 2000.

Median prices have topped their bubbled peaks set in 2005, but this time, the amount of homes sold is 30% less.

That means we are seeing prices set new highs as fewer buyers are in the market.

The rationale is that housing currently has a tight supply, meaning there aren’t enough homes to meet the amount of potential buyers. That may be the case to some extent. But right now, homes that are either in foreclosure, bank-owned or completely vacant are near all-time highs.

Clearly there is more going on here than just a lack of supply. The reality is that many buyers are investors, buying properties and sitting on them. This crimps supply, which helps raise prices.

Back in 2008, you could have heard the same story. The goal was to flip houses, or own a few of them to rent out. We are seeing these actions roaring back today.

And if supply was so tight, buyers would simply build new homes, but those numbers are no better than the existing home sales.

There’s a big discrepancy from new homes sold versus the price these homes are fetching – and this is supply that is practically infinite as we can always build a new home.

Something’s got to give, and it’s going to happen soon.

Fed-Fueled Crash

I see one of two scenarios at play. Which one do you think will ring true?

Homebuyers continue to fork over more dollars to buy properties while we sit with stagnant wage growth, stagnant economic growth and low-wage jobs being about all that’s created.
We are on the edge of a bubble larger than the one we experienced less than a decade ago as housing prices race back down to where it is affordable and sees demand from new buyers.

The Federal Reserve is held accountable for this fiasco. If it goes forward with a rate increase in the near future, it will be us who pay the price of another bubble.

There’s only one action to take if you ask me – lower your exposure to the industry.

In stocks, that’s homebuilders and mortgage originators. Avoid them at all costs. In your personal investments, that’s being prepared for another real estate shock.

These prices are unsustainable and due for a correction.

Once that happens, opportunity awaits you to pick up houses and housing-related stocks on the cheap.