Balanced scorecard implementation

bscEver since Dr. Robert Kaplan (Harvard) and Dr. David Norton first introduced a powerful analysis tool called Balanced Scorecard (BSC) the use of the same is going on increasing. While it has its roots from General Electric, the first shape was given by these two. Simply put, Balanced Scorecard is now a strategic management system, though it was a simple tool used to measure the performance of a company’s vision, goals, strategy etc., for some enterprises now, Balanced Scorecard is serving as a core management control centre.

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ERP definition

erp-toolsERP, an acronym for Enterprise Resources Planning, has its deep rooted origins in manufacturing sector, though, now it has expanded to all industrial sectors. ERP is a computer software application system available for more than three decades now. Simply put, it can be explained as a system covering all functions of a company, all operations, operations management, starting from maintaining records to supplying information to all departments: Sales, Finance, Production, Purchase, HR etc.

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Types of web mining

web-mining-definitionThe world wide web, www or web is becoming a complex universe. Naturally, deriving something valuable out of it is targeted use of web mining. The application of data mining techniques in to the web and by that process deriving a higher sense of the mess is called web mining. When we say web here, it may be the content; contents like text, images, audio, video etc., that numerous web sites are holding. Or it may the structure of the web, like hyper links, tags etc., or it may be the usage statistics or logs.

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Data warehouse concepts

data-warehousingThe recent outburst of Business Intelligence applications use in enterprises, and the way enterprises are getting helped by collecting, analyzing, warehousing and mining data is watched with great curiosity in the knowledge industry. Of all the Business Intelligence subjects we have seen, Data Warehousing is the largest in market size. In addition to the data itself, the technologies, tools, methodologies, hardware, software, storage systems are constituent to this.

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Dashboard tools

dashboardWe use all kind of data base systems, business intelligence tools but unfortunately we do not know where we are. Dashboard software application can come to our rescue. It is graphical user interface which tells the executive where he is in terms of performance. Present’s information in such a way that it can be quickly grasped for taking action. We know that our computer’s windows desktop is a dashboard for us interacts with the computer system. Similarly executives are presented with a dashboard with which they can their functions:

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