McMaster University completed the implementation of a PeopleSoft enterprise-wide system in 2016. The Oracle software suite for business intelligence was purchased by the University as part of the ERP system bundle at the start of the Mosaic Project. The University recognizes the importance of evidence-based decision making and it made a strategic and conscious decision to implement business intelligence after the completion of the PeopleSoft systems implementation. The business intelligence prject to support institution-wide reporting and analysis is led by the Office of Institutional Research and Analysis (IRA)
The BI Strategy was developed to enhance the ability of McMaster University to make evidence-based decisions through a centrally managed, standardized set of reporting dashboards and analytics based on a trusted data source accessible by the university community in accordance with policies of security and privacy. The BI tool facilitates enhanced user presentation with “slice and dice” and “drill down” options built by a core IRA team working collaboratively with UTS and business analysts from Finance, Human Resources, Research Administration, and Campus Solutions and in consultation with business users and stakeholders.
What is Business Intelligence?
The term “business intelligence” is used broadly and has evolved today to become an umbrella term including methodologies, processes, architectures and technologies to improve decision making by using fact-based support systems. At the heart of business intelligence is the ability of an organization to collect and organize data, and access accurate and timely information (derived from the data) to make appropriate decisions that support its vision, mission and goals in an efficient manner.
BI & Mosaic
In contrast to ERP systems such as Mosaic (Oracle Peoplesoft) that are primarily designed for processing operating transactions and focus on single subject area, BI systems are multi-dimensional and synthesize data from multiple subject areas to facilitate better decision making. Business intelligence is about providing better business insights from analysis based on data from multiple subject areas and is not just a tool that delivers nicer looking interfaces to operational or transactional data.BI & Mosaic: Read the full Vision Statement