Business Intelligence

As business intelligence moves into the computer age, corporate dashboards are becoming a necessity in business intelligence technology. Although business intelligence has used corporate dashboards for years, their popularity has increased greatly due to the change and advancement in the technology used. However, with the great amount of information available, there are some key design issues to consider if you want to use corporate dashboards for your business intelligence.

If you want to design an effective corporate dashboard for your business intelligence technology, you will need to decide on some design goals. You will need to think about the function and look of your corporate dashboard as it relates to the type of business intelligence you are trying to put together. Some corporate dashboards are flashy reports and others are more like strategic scorecards. Other corporate dashboards are used for business intelligence that is more tactical, using relevant and actionable data. Your corporate dashboard will need an efficient design that fits the business intelligence role.

There are two essentials to understanding how to build a corporate dashboard for business intelligence, metrics and key performance indicators. Metrics are direct numerical measures to represent certain types of business intelligence in the relationship of at least one dimension. For instance, you could take the metric of gross sales and show it by day or week in the financial quarter. The business intelligence can be shown in your corporate dashboard in both a dynamic and static way to use various types of analysis of the business intelligence.

You will also need to consider what key performance indicators the users of the corporate dashboard will be responsible for managing. A key performance indicator is the measure that tells the relative performance in relation to the target goal. Some key performance indicator gives you concrete business intelligence, while others will give you business intelligence in the abstract. Defining the key performance indicators is extremely important to the overall design, because it defines the foundation of the business intelligence that will be visualized in the corporate dashboard. Key performance indicators help show the business intelligence through alert icons, traffic lights, trend icons, progress bards, and gauges.

Supporting analytics are also important to designing your corporate dashboard as it relates to your business intelligence. You will need to pick out the information that a user will need to see in order to tell the condition of the key performance indicator. Supporting analytics offer context and diagnostic information to know why a key performance indicator is showing specific information. These supporting analytics, as they relate to business intelligence, come more in the form of traditional charts, graphs, and tables.

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Forensic Loan Audits – Are They Useful to Foreclosure Victims?

With all of the new plans and ideas that the housing industry and government are rolling out to help homeowners save their homes from foreclosure, it seems new terms and acronyms are being born everyday. One of the most bewildering that has come into common acceptance is a “forensic loan audit,” which is being sold to numerous homeowners.

But what is a forensic loan audit, exactly? Banks will not just allow one of these as a solution to foreclosure, so why are owners being sold more and more of them? These are the questions that any corporation selling such services must address when meeting with foreclosure victims who are trying to use their reduced monetary assets in the most effective manner.

A forensic loan audit is a detailed review of the original loan documents, from the closing of the real estate transaction to any refinances, secondary mortgages, and transfers of servicing obligations or ownership of the note between companies. The goal is to find enough mistakes or evidence to show a possible predatory lending argument against the bank.

The main reason to get a forensic loan audit is to demonstrate the lender that it would make much more sense just to change the mortgage than to foreclose on the home and risk a lengthy defense. If the borrowers can show enough mistakes were made on their loan, it will become very difficult for the bank to get a default judgment and move quickly towards the sheriff sale of the home.

Thus, a forensic loan audit is more like an insurance policy than anything else. For a few hundred dollars, borrowers can go to their bank, show them how difficult it would be to pursue a foreclosure lawsuit, and then negotiate for a loan modification, short sale, or other alternative to foreclosure instead.

Forensic loan audits are most recommended for borrowers who are dealing with a particularly difficult bank. When they are unable to move forward in negotiations and the lender is not helping, the process may need to be pushed forward. A list of mistakes and evidence of lender misconduct may be just the impetus the bank needs to keep working on a solution.

A loan audit would also be beneficial for borrowers who are negotiating with the bank on their own. Those represented by an attorney or third party may not have to worry as much about this process, but those homeowners dealing with the lenders themselves may need an extra bargaining chip. In some cases, such an audit can be highly helpful.

Competitive Intelligence in the Business World

Don’t be fooled. The business world is extremely competitive. The difference between success and failure may very well be found with those who have Competitive Intelligence. Operating a business requires a certain amount of business savvy. Operating a very successful business means taking that savvy up a notch. Experts in the competitive intelligence field have the skills to provide their client with the competitive edge by accumulating intelligence about competitors, the products they produce and the customers that purchase them. This valuable information can provide a client with the strategic approach that can introduce success.

Defining Competitive Intelligence

In simple terms competitive intelligence is nothing more than intelligence gathered about the competition that will offer benefit to another. It is important to note here that unlike Commercial Espionage the act of Competitive Intelligence is perfectly legal. This ethically sound practice permits an expert to pursue intelligence and then analyze it for the value of its content. Experts in the field realize that if the information gathered does not offer benefit than it is not intelligence at all but rather simple information. Therefore they pursue intelligence with vigor and skill until beneficial content is produced.

Achieving Competitive Intelligence

The ability to obtain the edge when it comes to early detection of various market opportunities and risks is unparalleled in the business world. Detection can come from numerous methods and avenues. Analyzing newspaper clippings, examining market statistics and exploring financial reports are just a few approaches to competitive intelligence. A qualified professional can analyze recent trends and observe events and developments that could lead to beneficial intelligence. This intelligence is not geared towards competitors alone but rather to the complete competitive environment and all related information that may be deemed beneficial and actionable.

Business Comparison Through Competitive Intelligence

Numerous major companies that market around the globe have realized the vitality of CI and have established departments specifically designated to its practice. CI can not only protect a company from the threats that plague the market but can provide the organization with strategic options as well. When you break it down CI is comparing your company to the competitors in your field of expertise. Companies need to know where they are strong and where they are weak in relation to others. By gathering the right intelligence a company can make better decisions that may provide them with the edge on a specific product or service.

Does Competitive Intelligence Work

Have no doubt in your mind that CI does work and is being practiced around the globe at this very moment. Consider all of the ongoing business warfare that exists on the global market. Airlines for example are constantly changing their prices on flights to entice the customer to fly with them. Fast food chains are constantly running promotions in anticipation of gaining the edge in the market. If a company has CI experts analyzing the situation they can stay one step a head of the curve. They can eliminate surprises and have more time to react to the changes when they surface.

The Verdict

The use of qualified private investigator allows a business or organization to sustain the competitive edge required to make sound strategic decisions geared towards growth. The intelligence field is vast and ever changing. Experts change with it and do the homework that allows companies and organizations to make the transformation successfully as well. In the world of global business competitive intelligence induces power and progress and presents those inclined to harness numerous opportunities for success. The verdict is clear; the practice of competitive intelligence is essential and here to stay.