BICC meaning in Business ?

Answer:

What is Business Intelligence Competency Center mean?

A Business Intelligence Competency Center (BICC) is a cross-functional organizational team that has defined tasks, roles, responsibilities and processes for supporting and promoting the effective use of Business Intelligence (BI) across an organization.

Gartner started advocating that companies need a BICC to develop and focus resources to be successful using business intelligence in 2001. Since then, the BICC concept has been further refined through practical implementations in organizations that have implemented BI and analytical software.

In practice, the term "BICC" is not well integrated into the nomenclature of business or public sector organizations and there are a large degree of variances in the organizational design for BICCs. Nevertheless, the popularity of the BICC concept has caused the creation of units that focus on ensuring the use of the information for decision-making from BI software and increasing the return on investment (ROI) of BI.

A BICC coordinates the activities and resources to ensure that a fact-based approach to decision making is systematically implemented throughout an organization. It has responsibility for the governance structure for BI and analytical programs, projects, practices, software, and architecture. It is responsible for building the plans, priorities, infrastructure, and competencies that the organization needs to take forward-looking strategic decisions by using the BI and analytical software capabilities.

A BICC’s influence transcends that of a typical business unit, playing a crucial central role in the organizational change and strategic process. Accordingly, the BICC’s purpose is to empower the entire organization to coordinate BI from all units. Through centralization, it "…ensures that information and best practices are communicated and shared through the entire organization so that everyone can benefit from successes and lessons learned."

The BICC also plays an important organizational role facilitating interaction among the various cultures and units within the organization. Knowledge transfer, enhancement of analytic skills, coaching and training are central to the mandate of the BICC. A BICC should be pivotal in ensuring a high degree of information consumption and a ROI for BI.

Business Intelligence Competency Centers in U.S. Healthcare

Next to the U.S. government, the American healthcare industry generates the second largest amount of information every year. However, despite having complex information management needs, a KLAS report revealed that one-third of healthcare organizations do not have the appropriate business intelligence tools.

Since finance and energy industries have successfully implemented business intelligence competency centers (BICCs) and have produced financial returns on their investment and accelerated decision-making speed, the healthcare industry is initiating use of BICCs. Creating a business intelligence competency center in healthcare involves prioritizing information needs, creating data governance structures, identifying data stewards to provide data quality assurance, establishing ongoing education programs, and defining predictive modeling, analytics, data warehouse, and cloud storage tools.

Skills Needed

Information technology specialists in SQL design, relational databases, programming, reporting software, and analytics can provide the necessary technical information management skills. Data stewards, such as data analysts and scientists, understand the creation, capture, storage, and access processes needed to ensure high quality data.

reference

Full Form	Category
Business Intelligence Competence Center	Business
Business and Industrial Coordinating Council	Business
Business Instructional Computing Council	Business
Birendra International Convention Center	Business
Brothers In Christ Construction	Business
Business Intelligence Competency Center	Business
Business Inter Club Council	Business
Bali International Catholic Community	Community
Brethren In Christ Church	Community
Beijing International Club Corporation	Community
Bearer Independent Call Control	Computer and Networking
Binary Image Cross Correlation	Computing
Behavior Intervention Centre for Children	General
Built In China Cabinets	General
Burns Interagency Communications Center	General
Behavioral Intervention Center for Children	General
Beijing International Convention Center	General
Bali International Convention Center	General
Behavioral Intervention Certification Council	Governmental
Building Industry Consultative Council	Governmental
British Iranian Chamber of Commerce	Governmental
Beijing International Chinese College	International
Birmingham International Collegiate of Canada	International
British International Championship Club	International
Bayfield International Croquet Club	International
Bali International Convention Centre	International
Birendra International Convention Centre	International
Bonn International Center For Conversion	International
Bangabandhu International Conference Center	International
Blackwater International Coal Centre	International
Biomedical Information Communication Center	Medical
Biccbasic Infection Control Course	Medical
Battlefield Information Coordination Center	Military and Defence
British Irish Chamber of Commerce	Regional
British International College of Cairo	Regional
British Inter-University China Centre	Regional
British Insulated Callender's Cables	Regional
British Insulation Caledon Cables	Regional
British Indoor Climbing Championship	Sports