If you are thinking that business analytics is too complex for you (or your business users), you may want to take a step back and look at the exciting evolution of business analytics tools. Today’s business intelligence solutions and business analytics software offer easy-to-use tools and features that are suitable for business users at every skill level.
If you are contemplating a business intelligence tool for the first time, or if you are unhappy with your current BI tool and you want to find a better solution, you need to focus on the experience, skill and self-serve capabilities of the business intelligence company. Every business that is using a business intelligence initiative to improve data accuracy and decision-making is following the trend of data democratization and improved data literacy and choosing BI tools that are designed to be self-serve so business users can leverage features and functionality to make better decisions, to plan, forecast and measure results with more accuracy and dependability.
So, you want to use a business intelligence solution but you don’t want to have to customize, spend a lot of money and end up with a solution that is restrictive and does not meet your needs? I don’t blame you.
If your has selected a software product and your users have embraced that product, you do not want to rock the boat! You want to be able to continue using that useful solution. But, you may also need to add features or functionality to improve accurate reporting, to increase productivity and data sharing, to solve problems and identify opportunities or all of the above. So, what do you do?
Advanced Analytics is the new frontier of competition and business success. While some businesses have the luxury of employing data scientists and professional analysts to help them sift through and analyze data, others do not have the budget or the structure to support these roles and, even those who employ professional data scientists do not have unlimited resources or budgets.
Business intelligence tools are an important part of every organization today. No matter the size of the organization, businesses must make good business decisions, plan and forecast and remain competitive. They need to understand customer buying behavior, competitive response, trends, patterns, problems, opportunities and resource and financial issues.
Businesses can no longer afford to make decisions based on gut or opinion. Today’s management teams and directors insist on measurable results and metrics that clearly demonstrate what is working, what should be changed or updated and how to get to the results they want and achieve the objectives they have set.
What’s the difference between business analytics and data analytics?
Business Analytics incorporates the skills, technologies, processes and practices to explore and understand exploration historical business performance and use that insight for business planning and issue resolution.
Tally® is such a popular application for accounting and related management tools! It is hard to imagine it being more useful than it already is but Tally Mobile App makes this popular application even more useful and beneficial.
