Predicting with Oracle BI

In this article, we delve into the power of predictive analytics with Oracle BI.

Applications of Oracle BI in Practice

Oracle Business Intelligence enhances data quality and operational processes at various levels. By leveraging analytics, charts, and KPIs (Key Performance Indicators), organizations gain the insights needed to improve administrative, tactical, and strategic operations.

With KPIs, Oracle BI identifies situations that require action. For instance, by assigning targets to metrics like absenteeism, the system detects deviations and recommends adjustments. Oracle BI also facilitates forward-looking thinking through trend analyses in dashboards and reports. An example is analyzing last year’s top 50 customer sales to predict future performance. These analyses can range from simple calculations to complex models.

The Sales Forecasting module in JD Edwards provides additional tools for visualizing future trends, depending on how data is entered.

Set proactive alerts

Oracle BI can generate proactive alerts via automated tasks known as Agents. These alerts are based on criteria and KPIs and can be delivered via email, SMS, or intranet pages. Users or departments can subscribe to relevant alerts, much like news feeds.

Future-oriented Analyses with Conditional Dashboarding

Conditional Dashboarding in Oracle BI displays only the most relevant dashboard components when needed. This aligns with the principle of Management by Exception, focusing attention solely on deviations or issues that fall outside normal expectations. In an automated environment, it’s essential to prioritize actionable items without being distracted by standard reports.

Big Data

Oracle BI empowers organizations to leverage big data for strategic decision-making. By applying predictive analytics, businesses can forecast trends, maintain competitiveness, and stay future-proof.

How Oracle BI Can Help Your Business

With Oracle BI, you can stay ahead of the competition by harnessing the power of predictive analysis and intelligent decision-making. Discover the benefits of Oracle BI for your organization:

1. Improved Performance: Oracle BI helps improve your organization’s performance at operational, tactical, and strategic levels. With better insights, you can make faster, more effective decisions.
2. Proactive Alerts: Receive proactive alerts about key KPIs and business processes, allowing you to respond quickly to changes and opportunities.
3. Future-oriented Analyses: With Oracle BI, you can predict future trends and develop strategies to advance your business.
4. Integrated Performance Management: Combine the power of Oracle BI with Enterprise Performance Management for even deeper insights and proactive steering.

Conclusion

With Oracle Business Intelligence, you can predict and actively manage the future of your organization. It enables you to make intelligent, data-driven decisions, which are essential for competitiveness and business success. Don’t wait any longer and discover the benefits of Oracle BI for your organization.