Augmented Analytics is the Secret Weapon for Competitive Advantage!
How do you compete? There are probably other businesses in the market that do what you do but your product or your services must stand out. How do you take all the data you collect on a daily basis and use that data to your advantage to point you in the right direction?
Every business has heard and read about business intelligence and the benefits of building a base of intelligence from which to drive your business results and make fact-based decisions. One of the benefits that is often overlooked is the aspect of Social BI. When a business chooses a BI tool that encourages social BI, it further promotes user adoption, data democratization and data literacy. As business users embrace and share data, their level of proficiency and comfort will increase and the business can achieve the results it hopes for and improve productivity, collaboration and the use of data within the organization.
When businesses take on the task of forecasting and planning, it is important to provide the tools to go through this process at all levels with data integrated from the various systems and databases across the enterprise and to provide simple tools for all users that can be adopted and used to take on the various tasks and responsibilities involved in planning and accurate forecasting.
When a business is looking for a business intelligence vendor, business managers will often look to a Gartner Magic Quadrant Report for a comparison of BI Tools. There are numerous choices listed in Self-Service BI Gartner reports and it may be difficult to determine which is best for your business.
If you stay up-to-date with your industry and market publications, you have probably heard a lot of buzz about natural language processing or NLP. In fact, whether you know it or not, you use NLP every day. When you type a question into Google, you are using NLP! The system translates your question and returns results to meet your needs.
If you are looking for a business intelligence solution, be sure to consider the Mobile BI factor. Mobile business intelligence is a necessity in today’s business environment. With so many users working from home, on the road or working after hours, it is critical to provide users with real time BI tools that can be used on any type of smart phone, tablet, laptop or desktop with seamless resolution and performance.
If your team is using business intelligence (and it should be), you may be working with a more restrictive business solution that is not designed for a business user. If that is the case, you are missing an opportunity to cascade analytics throughout the organization and to optimize your resources and improve productivity. Self-Serve Business Intelligence solutions are designed with guidance and recommendations to guide a business user with average skills through the process of preparing and analyzing data and to encourage collaboration and data sharing across the enterprise.
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.
