Business Intelligence to Maximise Profits

Business intelligence to Maximise ProfitsObjective (Industry over clear, BI summary)I encounter chosen this topic because the decisions made in fossil vegetable crude cover and heavy weapon companies slang a huge impact on global economy and boilers suit environment. Requirements of the developed economy for liquid natural gas and oil both as fuel and as in raw materials for the chemical assiduity is steadily increasing. Demand lifting has led to sharp increase in the prices for oil and for hydrocarbon raw materials as a whole, which has ca apply increase in extraction of these products in any countries possessing deposits of hydrocarbons. The oil and gas sector became the main donor of pecuniary resources for the state budget of the country. This topic will cover how Business apprehension (BI) tools support way to consolidate procedures and to maximize profits, through cutting cost and data integration. BI along with data warehouses and dividing line analytics rep resent that toolkit which allows oil gas companies to take a maximum of the schooling from the available aboriginal data, to reveal the basic trends and to construct prognosticate models, i.e., finally, to transubstantiate the available community data into a source of additional profit. In addition to BI, scathe like business performance management (BPM), business process management ( likewise BPM), incorporate performance management (CPM), and business activity monitoring (BAM), shed also emerged. All of these are a part of BI. They are all dependent on BI tools, but it should be noted that BI is not dependent on them.In my understanding BI-projects need to be considered not only as object of reduction of expenses, but also as the tool of development which gouge bring profit to fellowship. Functions of analytics and forecasting which are intended for the decision of strategic questions, will help to tush priorities during crisis measure, to define principal causes of ex penses and potential sources of growth. Having found out them such company shag work over deduction of optable clients and increase of profitableness of business at the expense of attraction of the new. Only with the help of BI it is possible to carry out forecasting of situation, setting different conditions and receiving results of forecasts depending on the set parameters.The primary natural covering of BI in oil and gas companies is to help management consolidate operations and cut costs. The basic goals learn been to shorten the time required to create reports and analyses, improve the accuracy of in governing body and create a single selective information repository. The most car park application areas for BI have been to provide financial reports and analyses, and support business operations with a special focus on ERP. In our days the new-fangled large oil and gas companies represent vertically integrated companies. upended integration describes the ownership or con trol by a self-coloured of different stages of the production process, e.g., petroleum refining firms owning downstream the terminal shop and retail gasoline distribution facilities and upstream the crude oil dramaturgy wells and transportation pipelines. It can be achieved through MA (mergers and acquisitions) or investment. Upstream is a term which describes the exploration and production sectors within the oil and gas assiduity. Downstream, in the context of the oil and gas industry, applies to the refining and market sectors of the industry. Oil and gas products are commodities and are, therefore, competitive found on price. This makes the industry cost-conscious and highly dependent upon the price of crude oil, the basic business driver in the industry and the raw material for production (Skriletz, 2002).Purpose of the searchThe increased requirements to efficiency and quality of accepted decisions at all levels of operations in oil gas companies leads to finding of de cision-making support techniques. It assumes possession of the effective universal information on a condition and tendencies of development of business by methods and BI means. Thus the volume of the information which is necessary for considering for formation of optimum well-founded decisions steadily grows. It leads to a situation when it becomes effectively unacceptable to operate the company without use of modern means of information support. Transactional data is good for keeping track of what is incident in an organization, but is not well suited to finding out why things are happening or predicting future performance. In other words, after years of lay potentially worth(predicate) financial data into your corporate databases, it is now time to put the tools in place to get the data out of the like systems and organize it in recyclable ways to support the decision-making process.The purpose of the inquiry is to show that BI is such a tool which gives the chance to the organisations to transform the accumulated data in the information on business, and then the information into additional source of profit. The seek question is how the value of BI should be considered in the context of profitable business action. BI has become an judge business competency for improving decision-making effectiveness. Leading enterprises are establishing competency in aspects of BI such as decision modelling and support so that all workers, managers and executives can take the most effective action in a given business situation. Lacking worthy BI tools oil companies risks to stay competitive or even to sustain in a business.What is much I want to apply my research outcomes in KMG, the enigma is that BI is not so developed in Kazakhstan, so I hope my intimacy will be gainful to my company as employer and to me as employee. literary worksThere is currently enough media attention guidance on this subject and about this topic. A majority of these can be found in IT magazines, newspaper articles and on the internet, but the credibility of these sources is questionable. They can also be written by people who dont know a lot about the subject and have formed an opinion based on minimum information. IT magazines articles are often written in a biased way in terms of being in favour of one vendor, such as company propaganda or from the point of mickle of the writer. This data can be misleading, articles written by Gartner and TDWI analysts have more credibility and raise important questions and viewpoints which I believe should be considered in my report. Below is the list of books and resources I am willing to use during my researchThe Profit Impact of Business Intelligence (2007), Williams S., Williams N.. Morgam Kaufmann PublishersThis book insures plenty of mini-cases and useful information for my project.Business Intelligence, The Savvy Managers Guide (2009), D.Loshin, Morgan Kaufmann PublishersThis book provides a knowledge base for the dec ision makers to determine the value of integrating BI into the company. In this book I want to look at the modern view of the collection and integration of transactional and reference data as a valuable resource that can be used for analytical purposes.BI succeeder Factors Tools for Aligning your Business in the Global Economy (2009), O.Parr Rud, flush toilet Wiley Sonsfiscal BI Trends, Technology, Software Selection and Implementation (2002), Nils Rasmussen, Paul S. Goldy, Per O. Solli, Publisher John Wiley Sons 1 editionThis book will help me to review how managers can quickly and easily analyse the financial data in the corporate databases in order to be able to make more gifted decisions about the future. Consequently it will help me to analyse the impact of BI financial tools.TDWI Best Practices Reports SeriesThis series is designed to educate expert and business professionals about new BI technologies, concepts, or approaches that address a significant problem or issue. Research for the reports is conducted via interviews with industry experts and leading-edge user companies and is supplemented by surveys of BI professionals.Gartner Inc.Gartner source is the most comprehensive collection of analysis and advice for the users and vendors of technology.methodological analysisIn my research I want to follow multi -method, which will bindInterview To get more practical point of view I am going to interview those who work on implementation of BI tools and use SAP-ERP in gas transportation, to be more precise financial department in KazMunayGas and KazTransGas. KazMunayGas is the state-owned oil and gas company of Kazakhstan and KazTransGas one of KazMunayGaz subsidiaries trustworthy for gas transportation.Trend analysis Phenomena that are or have been in the process of change are examined to identify and report the directions of trends and to make interpretations and forecasts.Literature As I mentioned previously soft data sources (TDWI and Gartner) w ill contain different cases in my research. Conducting qualitative research requires an open attitude in order to understand how others experience their situation. Qualitative research is characterised by the event that the researcher works on the basis of an open questionQualitative research represents the general name for a group of investigative procedures with common characteristics. Also, qualitative research is empirical in the same sense as other recognized forms of scientific inquiry. It relies on observation.Qualitative research encompasses several(prenominal) forms of the investigation. They all share this characteristic The data used do not accommodate readily to quantification, specification, objectification, or classification. Because of that, common statistical procedures cannot be used for data display or analysis. Typical of such data expertness be reports of participant observation or the texts of in-depth and relatively unstructured interviews. come across plan a nd schedule