Business Focused Analytics – The Starting Point

Having been a Business Intelligence practitioner for the last 13 years, there has never been a more exciting time to practice this art, as organizations increasingly realize that a well implemented BI & Analytics system can provide great competitive advantage for them. This leads us to the question of – ‘What is a well implemented BI system?’ Let us follow the Q&A below.

Q: What is a well implemented BI system?

A: A well implemented BI system is one that is completely business focused.

Q: Well, that doesn’t make it any easier. How can we have BI that is completely business focused?

A: BI & Analytics becomes completely business focused when they have ‘business decisions’ as the cornerstone of their implementation. The starting point to build / re-engineer a BI system is to identify the business decisions taken by business stakeholders in their sphere of operations. Business decisions can be operational in nature (taken on a daily basis) and/or strategic (taken more infrequently but they tend to have a longer term impact). To reiterate, the starting point for BI is to catalog the business decisions taken by business stakeholders and collect the artifacts that are currently used to take those decisions.

Q: The starting point is fine – What are the other pieces?

A: The next step is to identify the metrics and key performance indicators that support decision making. In other words, any metric identified should be unambiguously correlated to the decision taken with the help of that metric and by whom. Next we need to identify the core datasets in the organization. Please refer to my earlier blog post titled ‘Thinking by Datasets’  on this subject.

Q: What about the operational systems in the landscape? Aren’t they important?

A: Once we have documented the relationship between Business Decisions to Metrics to Datasets, we need to focus on the transactional applications. The key focus items are:

• Inventory of all Transactional Applications
• Identify the business process catered by these applications
• Identify the datasets generated as part of each of business process
• Next step is to drill-down into individual entities that make up each of the datasets
• Once the Facts & Dimensions are identified from the entities, sketch out the classic ‘Bus Matrix’ which would form the basis for dimensional data modeling

 

Q: All this is good if we are building a BI system from scratch – How about existing BI systems?

A: For existing BI applications, the above mentioned process could be carried out as a health-check on the BI landscape. The bottomline is that every single report / dashboard / any other analytical component should have traceability into the metrics shown which should then link to the decisions taken by business users. BI & Analytics exist to help organizations take better business decisions and that defines its purpose & role in an enterprise IT landscape.

The answers mentioned above provide the high-level view of Hexaware’s approach to Business Intelligence projects. We have worked with many organizations across industries and a business focused analytical approach has provided good value for our customers.

Thanks for reading. Please do share your thoughts.

Bad Credit Payday or Cash Advance Loans - No Credit Check Required

If you are in need of extra cash until pay day, you may want to consider applying for a pay day or check loan online. A pay day loan can be obtained online and with no credit check. Bad credit will not disqualify you from qualifying for a pay day loan. You can use the money for what ever purpose necessary and the money can often be deposited into your checking account the very same day you apply. All you need is a checking account, and a steady source of income and you can get up to 1000 dollars or more deposited directly into your checking account.

A pay day loan is designed to fulfill your short-term financial needs and should not be used as a regular lending source. The fees charged for pay day loans can be higher than a traditional loan from your bank and should only be used to solve temporary or emergency financial crises. Repeatedly obtaining pay day loans can cost you a lot of money if you extended your pay off date numerous times or if you continually borrow against your next pay check. If a short term pay day loan is the best choice for you, you can be approved and have up to 1000 dollars or more deposited into your checking account sometimes as soon as the very same day you apply.

Pay day loan interest rates vary from company to company. Some lenders offer discount rates for new or returning customers. After supplying the pay day loan company with the required information, usually your name, address, employment and banking information, you can be approved in as little as one hour and the funds can often be in your checking account the very same day. Occasionally you may be required to fax your last pay check stub and bank statement prior to approval, but the funds can still be deposited into your checking account very quickly.

Bad credit should not stop you from applying for a pay day loan. There will be no credit check, only the verification of the information you supply. Pay day loan companies do not check your credit report or contact your employer, except as necessary to verify employment. Applying and getting approved is quick and convenient. Online lenders can approve you application quickly and you'll have the cash you need as soon as the very day you are approved.

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Avail Bad Credit Unsecured Business Loans Without Credit Worry

A person, who is running a small scale business, requires smaller amount at times for smooth functioning of the business. So he or she usually opts for an unsecured business loan. But if such borrowers have bad credit like late payments on previous loans then taking fresh loan may be difficult. However they can rely on bad credit unsecured business loans that are specifically crafted for such borrowers.

Business people who have late payments, arrears, payment defaults or county court judgments mentioned in their credit report are eligible for bad credit unsecured business loans. These loans are approved without any security from the business people. So a business person has no risks in taking the loan. The borrower’s business, repaying capability, repayment plan, documents of the business and bank statements are the basis of the loan approval. So keep all the business related documents ready before applying to a lender.

You would be approved up to £25000 as bad credit unsecured business loans. The loan amount can be put to any business use like paying for salaries, clearing small debts; buying an equipment or raw material etc. you should also be ready to fork out high rate of interest on the loan because of your bad credit. Compare lenders and you are likely to take the loan at comparatively lower interest rate.

An advantage of this especially designed bad credit unsecured business loans is that it gives an opportunity for improving credit score. As the business person regularly pays off the loan installments, his or her credit score gets improved which enables in taking loans in future at easier terms.

Bad credit unsecured business loans can be sourced from banks, financial companies, but to get the loan approval without much delay and cost free approval, prefer applying to an online lender.

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Stop History from Repeating Itself with Bad Credit History Loans

Remember it doesn’t take much time to build bad credit history, but a lot of time to get back to the original state. Bad credit history will form a vicious circle, which can be difficult to break. The statistics show that many people are now facing the threats of bad credit history. If you have bad credit history, it is a reality you can’t gulp down, neither can keep it. For bad credit history, you will have to give a test of patience, skill, and planning. It is worth making the effort because bad credit history loans not only provide you with funding that you need but also a way to repair credit.

If you have bad credit in your credit history then first thing to do is to get the latest updated information. Various credit reporting agencies like Trans Union, Equifax, and Experian have detailed credit reports of various individuals. You can request for a copy and know what your credit status is. In case there are any changes or discrepancies, then submit an appeal to bring about these changes. Often credit reports are updated without the individual being informed. Get your credit report once a year to keep track and even foil any attempt for fraud.

May be you are surprised that your credit history is not that bad as you thought. In case you are surprised the other way, where your credit history is bad, then look for ways to improve the credit score. Generally, credit score lower than 580 is considered bad. If your credit history exposes instances like late payment, arrears, defaults, bankruptcy, foreclosure, County Court Judgments, IVAs, etc. it would be interpreted as bad credit history. Bad credit history loans will be the resort for you since qualifying for regular loans will be difficult at this moment.

Bad credit will sit in your credit history for at least seven good years. Try repaying any remaining credits, close unused bank account, start making all repayments on time and make no further mistakes. If your recent credit history is good as compared to what it was few years back then you will have more ease qualifying for loans. Look for a credit counseling organization to help you.

Avoid applying for large amounts. A borrower with bad credit history will be approved for loans amount that are smaller. Start with smaller amounts so that you can repay them easily and build lenders trust. Make a repayment plan for bad credit history loans that is in keeping with your monthly expenses. You will have to make sure that you can keep up with the repayments of bad credit history loans.

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About Bad Credit Loan

Your credit score will decide whether you can get a loan or a loan on good term. Therefore, do not ignore this number. If this number is low, you just can resort to those who offer bad credit loans for getting money to deal with your urgent situation.

But, even getting a bad credit loan isn't always the easy process. Lenders must go through an extensive checking process that tells them how well they can trust the borrower. They will make a budget through private consulting to ensure their risk is kept at a minimal level.

The interest rate of the bad credit loan is always higher than that of the normal loans. Therefore, when you decide to apply a bad credit loan, you should be prepared to pay off the high rate.

You need some form of collateral to apply the bad credit loan, which can reduces the risk for the lender and make the loan a secured loan. A secured loan actually is in the borrower's best interests if they are sure they will have no problem paying the bills each month. Unsecured loans will, on average, cost more and have a higher probability of putting the borrower in a cycle of debt.

Some lending institutions specialize in offering the bad credit loans for the people who have bad credit. You do not need a good credit, but you need have a stable job and income. If you have a stable job and income, you can easily get a loan. Having a clean history will of course help you lots. If you have a low credit rating, you should find ways to increase it.

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Bad Credit Business Loans For Young Entrepreneurs

The occurrence of young entrepreneurs, especially in the United States, is rising. Many people are ready to jump right into the business world immediately following business school. And with the increase in programs teaching entrepreneurialism to youth, and the implementation of entrepreneur programs by many colleges, the amount of people being educated on the subject is also on the rise.

Some websites list a willingness to succeed and self-confidence as two characteristics that most young entrepreneurs share. However, they also state that one of the top ten killer characteristics of young entrepreneurs is lack of financial backing.This lack of financial backing may be due to the fact that younger people have less time to save money. Therefore their personal savings may be slimmer. A lack of credit can also make getting a business loan very difficult.

A poor credit business loan, which does not have as many requirements as the business loans that are traditionally used, may be easier for these young entrepreneurs with little to no credit to obtain.Poor credit business loans can be funded without collateral, even if the borrower's credit score is not great. Many young entrepreneur, just starting out on a business venture do not want to make fixed monthly payments. With a bad credit business loan, fixed monthly payments are unnecessary. This is because a process called credit card factoring is utilized.

With credit card factoring, a business owner can receive a business loan in exchange for the business's future credit card sales. Once the money is funded, a small percentage from the business's daily credit card sales is deducted, going towards the repayment of the bad credit business loan.A business owner can receive a poor credit business loan if his/her business has been in operation for at least four months, providing new business owners with a source of business financing. If the business processes at least $2,500 a month in credit card sales, then a bad credit business loan is not far away.

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Ways to Get Bad Credit Home Loans

If you ask around you'll find that most people have had problems with bad credit at one point in their life. In many cases it was through no fault of their own, or may have been the result of a simple mistake, but the fact remains that many of your friends, co-workers and relatives have probably been afflicted with bad credit in one form at some point in their lives.

The positive thing is that no matter who you are, bad credit doesn't have to stop you from applying for and getting approved for bad credit home loans. You'll find that your interest rate will be higher than for a traditional loan, but the end result is the same, you'll have a house of your own to call home. A home can be one of your best investments, even (especially) in today's current mortgage environment. Once you're a home owner you'll never have to worry about throwing money away on rent and you'll also benefit from the tax breaks that come with home ownership.

You might wonder why lenders will approve mortgages for those with bad credit. The answer is that even though the loan may be a bit risky, they benefit from the higher interest rates that they are able to charge. They understand that those with bad credit are many times working very hard to improve their credit and this actually makes them a good candidate for a home loan.

When you consider all of the other negatives in today's economy, from rising inflation to falling house prices and the resulting bad mortgage crisis there are many people suffering from bad credit issues who were previously very high credit score individuals. Overall I think that owning your own home is more important now than it ever was and with the low interest rates and even lower home prices there has never been a better time to buy a home. Why pay rent when you could be investing that money in your own property.

Not only will bad credit home loans help you get into a home, but they can actually help improve your credit score as well. Just be sure to avoid the mistakes that many others have run into and don't borrow more than you can afford to repay. Don't be late with your payments and soon you'll see a jump in your credit score that will take you back out of bad credit score land.

To make it even easier, you can apply online for bad credit home loans. The applications are streamlined and quick and easy to complete and it's safe as well. It costs nothing to request a quote and you can apply with several lenders online and compare their offers.

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