Business intelligence is a set of theories, methodologies, processes, applications and technologies that transform raw data into meaningful and useful information for business purposes. The basic components of business intelligence are gathering, storing, analysing and providing access to data.
BI for the higher education sector
Business intelligence (BI) tools provide institutional leaders with the capacity to make informed decisions more quickly than ever before. In order to grow in a competitive market, the higher education sector has to focus on:
- delivering high-quality education
- enabling student success
- bridging the skills gap for employers.
Relevance and importance of BI for ACU
ACU's enterprise data warehouse and business intelligence solution (EDWBIS) ensures the University has the capability of a future state environment, which meets its requirements including:
- timely access to a single consolidated data source, which is reliable and regularly updated to provide enterprise integrated reporting across the key data sources
- development of a common understanding of metrics, definitions and information process
- a robust and resilient environment, which reflects the University’s evolving requirements
- improved efficiencies that allow for automated reporting, for example, weekly applications, offers and Market Share Report.
The BI unit is responsible for:
- Developing and supporting the University's enterprise data warehouse and business intelligence (EDWBI) solution which brings together many data sources in a single, consolidated and fully-conformed online reporting environment.
- Working closely with a wide range of stakeholders to develop an enterprise-wide data warehouse and business intelligence solution. The unit will also be expanded to work with the stakeholders to embed data driven decision-making into a wide range of processes and practices that develop and maintain a robust BI platform.
- Working closely with a wide range of stakeholders within the University in the development of an enterprise wide data warehouse and business intelligence solution. The unit will also be expanded to work with the stakeholders to embed data driven decision-making into a wide range of processes and practices that develop and maintain a robust BI platform.
The BI programs of work are an outcome of the BI strategy and roadmap. They help with assessing the university’s key business requirements and recommended a future state based on current state assessment.
The program follows a phased implementation approach based on prioritisation of key business drivers.