Top 5 Executive Information System Examples for Effective Decision Making

Introduction

As businesses continue to face complex challenges, executives must make decisions quickly and confidently. This requires access to relevant and accurate data to inform their actions. That’s where Executive Information Systems (EIS) come in- they are designed to provide executives with the information they need to make informed decisions. In this article, we’ll explore the top five Executive Information System examples currently available.

The Role of EIS in Decision Making

EIS are computer-based systems designed to help executives make informed decisions. They provide a clear view of an organization’s health status, team performance, and various other metrics. EIS also equip decision-makers with Integrated software applications, supporting decision-making processes.

Top 5 EIS Examples

1. SAP BusinessObjects

SAP BusinessObjects is a comprehensive enterprise-level EIS that provides real-time data analytics capabilities. It allows for the creation of custom, on-demand reports and dashboards. Additionally, it can be integrated with different data analytics tools such as machine learning, data mining, and predictive analytics to provide rich insights.

2. Oracle E-Business Suite

Oracle E-Business Suite offers an executive dashboard that allows decision-makers to have metrics at their fingertips. It covers many business areas including finance, supply chain, manufacturing, and more. The flexible interface enables the creation of custom workflows to fit the user’s needs.

3. Microsoft Power BI

Microsoft Power BI provides self-service business intelligence capabilities that help executives view and analyze data. Power BI allows creating interactive reports, dashboards, and visualizations to inform users’ understanding of their business data. Power BI also integrates with other Microsoft applications, such as Excel and Teams.

4. IBM Cognos Analytics

IBM Cognos Analytics is an EIS that helps organizations access, understand, and use data. It enables creating data visualizations and custom templates. Cognos Analytics also offers collaboration features, including commenting, task assignments, and group collaboration.

5. Tableau

Tableau is a data visualization tool that enables executives to create interactive dashboards and illustrations. It provides open connectivity to all data sources, including cloud-based databases. Tableau also offers features for data blending, ETL, and real-time data streaming.

Conclusion

In summary, Executive Information Systems’ importance in decision-making is increasing as businesses demand faster, better-informed decision capability. The five EIS examples we have discussed all offer different benefits such as Data analytics, Self-Service BI, and Interactive data visualization. Choosing the right EIS will influence an organization’s business operations and bottom line positively. Understanding the EIS is crucial to leverage their capabilities to our advantage.