The Readiness of Banks for the Application of Business Intelligence Solutions

In traditional information systems, there can be different inner and outer distributed data sources in existence. The data, supplied from these sources, can be managed on different media. Business Intelligence (BI) systems are advanced solutions for gathering this distributed business data as a whole and manage them with different analysis tools. Using or implementing BI Systems hold a considerable amount of the proportion on organizations' investment budget. Spending money does not mean that you overcome all the challenges that you come across with the BI systems projects. The readiness of banking institutions with all the required resources is critical. Currently, banks use BI systems to add value to their decision making processes. Local banks in North Cyprus (NC) are not the exception. The Banking Industry in NC has its own dynamics, because of high political and economic isolation and small market conditions. The main aim of this paper is to evaluate the readiness of Local Banks in NC towards implementing a successful BI systems and form a base for future studies.