Tag: Business Intelligence Solutions

White Paper – Enabling Business Optimization and Expense Reduction Through the Use of Augmented Analytics

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May 9, 2024

White Paper – Enabling Business Optimization and Expense Reduction Through the Use of Augmented Analytics

No matter the reason or the goal, when an enterprise chooses the right Augmented Analytics solution and carefully plans for and executes its implementation, it can optimize business results, reduce expenses and improve its market position, customer satisfaction and user adoption, and it is key to transforming business users to Citizen Data Scientists to improve results and team skills. Here, we examine the benefits of Augmented Analytics and how to plan and successfully execute an Augmented Analytics initiative.

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Understanding BI Tools in Today’s Market

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November 17, 2023

How Do We Define Business Intelligence Today?

Business Intelligence (BI) is the lifeblood of an organization. Without business intelligence, the enterprise does not have an objective understanding of what works, what does not work, and how, when and where to make changes to adapt to the market, its customers and its competition.

You may be interested to know that TechJury reports seven out of ten businesses rate data discovery as very important, and that the top three business intelligence trends are data visualization, data quality management and self-service business intelligence.

As the Business Intelligence solution market evolves, it may be difficult for an organization to know when to invest in these tools, and which tools are best for enterprise and user needs.

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Case Study : Smarten Augmented Analytics Case Study- Pharmaceutical, Clinical Research and Innovation Company

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September 29, 2023

Smarten Augmented Analytics Case Study- Pharmaceutical, Clinical Research and Innovation Company

The Client is a global business governed by a foundation whose mission is to have a meaningful social impact, both for patients and for a sustainable world. With its unique governance model, the Client business can fully serve its vocation with a long-term vision and fulfil its commitment to therapeutic progress and to serving patient needs. The company has grown exponentially, first across France and then throughout the world, driven by the transformation of the business.

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Self-Serve KPIs Allow Teams to Manage and Adapt!

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August 8, 2023

BI Tools with Self-Serve Multidimensional KPIs Enable Agility and Accuracy!

Gartner research reveals that, ‘data literacy will become an explicit and necessary driver of business value, demonstrated by its formal inclusion in over 80% of data and analytics strategies and change management programs.’ When  businesses adopt and embrace business intelligence and augmented analytics, the expectation is that the enterprise will benefit by improving data literacy as well as productivity.

But if your business wants to make the most out of BI tools and augmented analytics, it is important to choose the right solution; one that is easy to use and will provide clear results – results business users can leverage to make decisions and to plan accurately. To understand the results and whether policies, processes and tasks are effective, your organization must establish metrics, and those metrics must also be clear.

‘Key Performance Indicators (KPIs) are crucial to this feature set, as they provide critical metrics that enable the business to discover and manage results objectively and to adapt and change quickly and effectively.’

A solution that provides easy-to-use, multidimensional key performance indicators (KPIs) will allow your team to establish metrics that are unique to your needs and to your industry and market and help the enterprise understand how the business measures up in the competitive market, how well the products and services are faring with customers and whether workflow and business processes are having the desired effect.

Multidimensional KPIs Provide Easy-to-Use, Objective Metrics

Benefits of Self-Serve, Multidimensional Key Performance Indicators (KPIs)

  • When the organization gives business users the tools to establish and manage KPIs, it can become more productive. There is no waiting for the IT team or a data scientist to produce important reports, so the team can be agile and flexible.
  • Interactive KPIs provide tools to gather, analyze and measure with breakdown and dynamic frequency and slice and dice so users can focus on critical metrics and gain true insight into results. Users can leverage a powerful expression engine to set polarity, frequency and threshold levels in a browser-based interface and go beyond static monitoring to change frequencies, and dimension breakdowns and gain an understanding of performance and issues.
  • Users can establish and monitor KPIs at the individual, team, department, division, and company level and KPIs are integrated with other features to further analyze trends. Multidimensional KPIs gives business users the opportunity to monitor and manage results against goals and objectives and change processes, tasks, and activities as and when change is required.

‘When your business chooses a BI tool, it is important to choose the right solution; one that is easy to use and will provide clear results – results business users can leverage to make decisions and to plan accurately.’

If your business wishes to improve data literacy and productivity by implementing or upgrading a Business Intelligence or Augmented Analytics solution, it is imperative that you review the available modules, tools and features to ensure that the solution provides easy-to-use, sophisticated functionality that is suitable for your business users. Key Performance Indicators (KPIs) are crucial to this feature set, as they provide critical metrics that enable the business to discover and manage results objectively and to adapt and change quickly and effectively.

Choose a  Business Intelligence Reporting Solution that include Multi-Dimensional Key Performance Indicators (KPIs). Provide business intelligence that your IT team can easily implement and support, and a solution that business users will want to adopt. Choose  flexible, agile business intelligence solutions that can be used at all levels to collaborate, share data, and report and communicate with clarity. Self-Serve BI Tools can provide your business with the foundation to achieve your data democratization and user adoption goals.

Original Post : Multidimensional KPIs Provide Easy-to-Use, Objective Metrics!

Self-Serve Cross-Tab BI Tools Reveal Issues and Possibilities!

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July 11, 2023

Self-Serve BI Tools with Cross-Tab Reporting Improve Clarity and Results!

If you are considering a Business Intelligence solution or BI tool, or if you wish to upgrade your business intelligence and reporting tools, look for a solution that has self-serve cross tabulation, or cross-tab reporting. Cross-Tab reporting reveals the relationship between two factors or targets. This analytical tool can be used for side-by-side comparisons and to compare results for one or more data points, variables, or targets.

Did you know that, by some estimates, data-driven businesses are nearly 25% more likely to acquire customers? If you can give your team easy-to-use BI tools with self-serve cross-tab reporting, you can put the power of market and customer knowledge in their hands!

‘Business Intelligence solutions with self-serve cross-tab reporting can provide an intuitive, clear method of data analysis for your business users by revealing relationships in a way that makes the results clear and helps the organization to make the best decisions.’

In this article, we discuss the value of self-serve BI tools with Cross-Tab capabilities and the benefits of this type of focus and insight.

Cross-Tab Reporting Gives Business Users Insight Into Data

Benefits of Self-Serve Cross Tabulation Reporting

Flexible for Business Use Cases

Cross-tab reporting allows for intuitive use by business users with average technical skills, and can be beneficial for all types of business functions and industries. In an educational setting, a university or school might use cross-tab reporting to analyze teacher or course evaluations, looking at the relationship between student satisfaction and the subject, the class time, class location and other factors. Businesses can analyze team and employee satisfaction and attrition by looking at job location, benefits, the results of exit interviews, available training, and support, etc. Cross-tab reporting is frequently used in market research to analyze the various factors that relate to product or service satisfaction, including product features and options, where and how the product is sold, the sales and marketing approach, etc. A retail store owner might use cross-tab data analysis to determine customer satisfaction by looking at demographics, the gender of the person buying the product, the price of the product in a particular region, etc.

Data Clarity

There are many ways to slice and dice data and many ways in which crucial information can hide inside that data. The self-serve cross-tab reporting approach allows business users to examine relationships among data points and factors, with more clarity and accuracy. This type of analysis provides more clarity and reveals results, interdependent relationships and factors that might otherwise be missed. Users can avoid confusion when working with data and analyze large datasets to reveal frequencies and percentages. With this information, the business can understand the ‘what if’ of the various factors and see how results would change if one factor or relationship is changed.

Fact-Based Decision-Making

Self-serve cross-tab reporting simplifies analytics and allows business users to spot trends and patterns and collaborate with other team members to adapt tasks and activities to resolve issues and/or capitalize on opportunities. Using cross tabulation reporting to understand the connection and relationship between two or more factors allows the business to make a decision, with confidence. Rather than guessing the reason for declining results, increased employee attrition or other problems, the enterprise can clearly see what factors (and the relationships among factors) are the cause of a problem and how to change those factors to get better results.

‘If you can give your team easy-to-use BI tools with self-serve cross-tab reporting, you can put the power of market and customer knowledge in their hands!’

Business Intelligence solutions with self-serve cross-tab reporting can provide an intuitive, clear method of data analysis for your business users by revealing relationships in a way that makes the results clear and helps the organization to make the best decisions. By giving your team members these tools, you can leverage domain and industry knowledge and combine data analytics in a day-to-day environment without the need for assistance from data scientists or the IT staff. Self-Serve Cross-Tab reporting produces clear results that are easy to understand and can be used in staff meetings and presentations to support recommendations and help the business become more agile.

Look for seamless Business Intelligence Reporting And Flexible Tools that include self-serve Cross-Tab reporting. Provide business intelligence that your IT team can easily implement and support, and a solution that business users will want to adopt. Choose  flexible, agile business intelligence solutions that can be used at all levels to collaborate, share data, and report and communicate with clarity. Self-Serve BI Tools can provide your business with the foundation to achieve your data democratization and user adoption goals.

Original Post : Cross-Tab Reporting Gives Business Users Insight Into Data!

Business Users Love Simple (Yet Sophisticated) BI Tools!

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June 15, 2023

If You Want Business Users to Embrace BI Tools, You Need to Focus on Simplicity!

If your enterprise has not already adopted business intelligence tools, it is missing a crucial benefit in competitive positioning and accurate, dependable decision-making. If your organization has implemented BI tools, but you are falling short on user adoption success, return on investment (ROI) and total cost of ownership (TCO), it is probably because the business intelligence solution is not meant to support business users.

PC Magazine says that, as business users are asked to leverage BI tools, the enterprise must focus on simplicity to engender user adoption.

‘When your team can access BI tools that support the way they work and provide meaningful views and features to easily integrate with work and business processes, user adoption is easier and more immediate.’

To achieve your enterprise goals, ensure user adoption and get the most out of your investment, you must focus on two things: user-friendly features and function and sophisticated analytics.

BI Tool User Adoption Depends on Simplicity!

In this article, we list some of the considerations for business intelligence solution selection or product upgrade. This list is meant to help you assess your current solution, and/or review the capabilities of any BI tool you are considering.

Simplicity in Technology:

  • 100% browser-based solution
  • Intuitive interface
  • Mobile application that is suitable for iOS and Android
  • Simple, affordable licensing
  • Rapid implementation (roll out in minutes, not months)
  • Simple, multi-layered access and user rights management
  • Simple architecture

Simplicity of Use:

  • Ability to personalize dashboards
  • KPI Reporting
  • Easy-to-use reporting tools
  • Collaborative features
  • Social BI for sharing, ranking and commenting
  • Smart Data Visualization
  • Assisted Predictive Modeling
  • Self-Serve Data Preparation
  • Clickless analytics for easy searching and results

The business intelligence tools you select can and should include out-of-the-box, ready-to-use features that are designed to support your applications, your industry, and/or your business function. When your team can access BI tools that support the way they work and provide meaningful views and features to easily integrate with work and business processes, user adoption is easier and more immediate.

‘To achieve your enterprise goals, ensure user adoption and get the most out of your investment, you must focus on two things: user-friendly features and function and sophisticated analytics.’

Look for Ready-To-Use Tools that users will want to adopt. Provide business intelligence that your IT team can easily implement and support, with features your users will readily leverage. Choose  flexible, agile business intelligence solutions that can be used at all levels to collaborate, share data, and report and communicate with clarity. Self-Serve BI Tools can provide your business with the foundation to achieve your data democratization and user adoption goals.

Original Post : BI Tool User Adoption Depends on Simplicity!

Mobile Business Intelligence is Your Secret Weapon!

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May 11, 2023

Give Business Users Mobile BI to Extend the Office and Improve Responsiveness!

Change is ever-present, and no more so than in the past three or four years. As COVID has changed the way people work, and the location in which they do their work, the need for mobile BI Tools has grown exponentially. Neither the organization, nor the business users can afford to delay the use of business intelligence tools until they are in the office. Every business must do more with less.

‘Mobile BI should provide data analytics access for all business users and, above all, provide flexible, agile solutions that can be used at all levels to collaborate, share data and report and communicate with clarity.’

Mobile BI tools can provide support for team members as they travel, as they work from home, and as they collaborate with other team members from a client office, an airport, a train station, or a supplier location.

According to recent studies, the single most important benefit of Mobile Business Intelligence is enhanced data visibility. Another way to look at it is to consider the lost opportunities and the many missteps the organization will experience if it cannot make sense of its data in real time and with a comprehensive view into the data it captures across the enterprise.

Enable User Adoption with Self-Serve BI and Cross-Tab Analytics

Don’t try to dictate the type of device, the size of the screen or the resolution. Be sure you choose a mobile BI solution that will satisfy all manner of devices. Choose a user interface (UI) that is responsive and adaptive – one that provides self-serve tools without redesign or restructuring of dashboards for specific devices or screens. You can enhance total cost of ownership (TCO) and improve return on investment (ROI) with tools that are flexible and can be easily used in any environment.

Empower your users with integrated business intelligence tools that provide access to data in an interactive, personalized view and enable data sharing, identification of trends and patterns and user empowerment and accountability. Out-of-the-box mobile BI tools should support your users with tools that make it easier to understand data analytics and use data for reporting, presentation and collaboration with personalized dashboards and reporting and flexible graphs and charts.

‘Be sure you choose a mobile BI solution that will satisfy all manner of devices.’

The right mobile business intelligence solution should allow your users to get started right away without extensive training and at a reasonable cost. It should enable integration of data across disparate data sources so users have access to all the data they need to get a complete and comprehensive picture of business results, the root cause of problems and the opportunities that will provide unique competitive advantage to the organization.

Comprehensive BI Tools and Mobile BI should provide data analytics access for all business users and, above all, provide flexible, agile solutions that can be used at all levels to collaborate, share data and report and communicate with clarity. Simple, Self-Serve BI Tools can provide your business with the foundation to achieve your data democratization and user adoption goals. Let us help you achieve your vision and improve productivity and insight across the organization.

Original Post : Mobile BI Expands the Reach and the Benefits of BI Tools!

Support Enterprise Agility with the Right Self-Serve BI Tools!

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April 6, 2023

Enterprise Agility and Adaptability Are Crucial. The Right BI Tools Can Help!

Gartner research states that, ‘90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.’

Whether yours is a small or a large business, your success today depends upon your agility and adaptability and those characteristics also apply to your data and your information.

If you are to build a flexible business environment, you must have tools and solutions that allow you to monitor and manage data and information and use that data to make fact-based decisions.

‘Comprehensive BI Tools should provide data analytics access for all business users and, above all, provide flexible, agile solutions that can be used at all levels to collaborate, share data and report and communicate with clarity.’

When considering a business intelligence (BI) solution, choosing a self-serve tool serves two purposes:

Choose Self-Serve BI Tools to Support Business Success

Support for the Organization and Users

A business can provide software and tools for users, but if those tools are not user-friendly, or if team members do not perceive their value, they will not adopt the solution into their business processes. In order to ensure that the organization can expect a good return on investment (ROI) and a low total cost of ownership (TCO), the enterprise must select a BI tool that is useful to the team and can easily be applied to satisfy the needs of their role and their responsibilities. The tools must also provide self-serve tools that offer comprehensive predictive analytics, key performance indicators (KPIs), flexible reporting, self-serve data preparation, deep dive analytics, mobile BI and social BI. This foundation will allow business users to improve data literacy and perform analytics with confidence, thereby improving fact-based decision-making.

Flexibility and Agility

When the organization selects business intelligence tools that are flexible, users can leverage personalized dashboards and customize their use to serve the needs of their role, their team and their business unit. The ability to adapt quickly by finding the root cause of a problem, spotting a trend and addressing that trend or identifying an opportunity to improve competitive advantage can provide an edge in the market and allow the organization to move quickly. Users can collaborate and share data to make decisions and recommendations and suggestions are clearly supported by data, so there is no hesitation or delay.

‘If you are to build a flexible business environment, you must have tools and solutions that allow you to monitor and manage data and information and use that data to make fact-based decisions.’

Comprehensive BI Tools should provide data analytics access for all business users and, above all, provide flexible, agile solutions that can be used at all levels to collaborate, share data and report and communicate with clarity. Simple, Self-Serve BI Tools can provide your business with the foundation to achieve your data democratization and user adoption goals. Let us help you achieve your vision and improve productivity and insight across the organization.

Original Post : Choose Self-Serve BI Tools to Support Business Success!

BI Tools Provide Benefits and Challenges!

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August 3, 2022

Understand the Benefits and the Challenges of a Business Intelligence Strategy!

If you follow industry and business publications, you know that analytics are taking the lead in business strategy. Gartner states that, ‘90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.’ If your enterprise is implementing a business intelligence and analytics strategy, it is important to plan carefully and to understand the real benefits as well as the challenges of choosing the right BI tools and deploying these tools to users in a way that will ensure optimal user adoption and leverage of analytics to achieve the results you need.

‘Your business should carefully assess requirements and plan for expected user adoption by selecting a BI tool that will offer the features, ease-of-use and functionality your team members need.’

In this article, we provide examples of the various benefits of BI tools for specific business functions and some of the technology and user challenges you will face as you consider your options and plan for implementation.

Address the Challenges and Achieve the Benefits of BI Tools

No matter the business function, there are benefits to implementing a business intelligence strategy that will deploy these tools to your team members. Here are some examples:

Benefits

Finance – Your organization will be more efficient and profitable, with Ready-to-Use Dashboards, Analysis, and KPIs designed especially for the Finance domain. This business intelligence solution includes interactive Dashboards that allow users to perform intuitive, easy analysis of key metrics including Profitability, Accounts Receivable, Accounts Payables, Cash Flow Analysis, Past Due Invoices, Balance Sheets, Income Statements and more!

Inventory – Inventory business function allows users to accurately plan and optimize inventory. Interactive Dashboards track item movement, compare sales to closing stock, and monitor warehouse stock and value, and answer critical questions regarding stock turnover ratio, seasonal buying, back-order assessment and safety stock to prevent lost sales. Users can analyze inventory levels to effectively manage stock based on the buying behavior of customers.

Purchasing and Procurement – Allows users to view and analyze spending details, analyze procurement data, drill through data to analyze issues, measure performance, identify savings opportunities, and track supplier performance. Identify reliable trading partners, analyze supplier cost, perform purchase rate comparisons, reveal trends, identify top/bottom vendors, and achieve timely insight into spending patterns and trends across all departments.

Production – Quantify and visualize data at the operational level to make fact-based decisions. Analyze Output, Reduce Labor Costs, Maintain Inventory Levels, Optimize Equipment Performance, Monitor Rejection Ratios and Downtime, and take action before problems arise to mitigate risk, and capitalize on opportunities. Publish automated reports to monitor and manage plant performance and provide management with quality metrics and relevant data.

These are just a few examples of how business intelligence can be used within a business function, department or business unit to benefit business users and to help the organization make fact-based decisions, spot trends and patterns and opportunities, and identify the root cause of problems.

If you want to take advantage of all of these benefits and ensure success of your business intelligence initiative, your business should carefully assess requirements and plan for expected user adoption by selecting a BI tool that will offer the features, ease-of-use and functionality your team members need.

Technology and User Challenges

Social BI

Your team members are also consumers and outside of the office they are used to a collaborate and social experience. By engaging in Social BI, your team can champion data sharing, collaborate on creative ways to analyze data and make quick work of data analytics, with tools that allow the user to ‘like’, ‘share’ and leverage other social tools and networking techniques.

Mobile BI

Not every BI tool provides real mobile business intelligence to accommodate every type of device, screen size and resolution. Choose a solution that has a Responsive and Adaptive UI engine, so you can roll out BI tools on any Desktop, Tablet or Smartphone without any device specific development. ‘Design once, Use anywhere’ concept in true sense.

Personalized Dashboards

Business users will not adopt a solution that limits them to predefined dashboards. Each user has a need to see and use data in a different way. Be sure to select a solution that allows your users to work in a way that is meaningful to them.

Interactive, NOT Restrictive

Choose a solution that will allow users to leverage deep dive analytics. There is no way an organization can anticipate every question or type of analytics a business user will need to incorporate into decision-making. Provide truly interactive tools that will assure user adoption and make your organization more agile.

Ease-of-Use

Advanced Data Discovery allows business users to perform early prototyping and to test hypothesis without the skills of a data scientist. Advanced Data Discovery ensures data democratization with Self-Serve Data Preparation, Smart Data Visualization and Plug n’ Play Predictive analysis that can drastically reduce the time and cost of analysis and experimentation.

‘No matter the business function, there are benefits to implementing a business intelligence strategy that will deploy these tools to your team members.’

Ready-To-Use Business Intelligence tools can support data democratization and improve your business results. If your business understands the challenges of implementing a business intelligence solution and adequately plans for implementation and user adoption, it can leverage the benefits of these tools and solutions and ensure success. Let us help you achieve your vision and improve productivity and insight across the organization.

Original Post : Address the Challenges and Achieve the Benefits of BI Tools!

3 Ways Cross-Tab BI Can Improve Reporting!

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June 16, 2022

By some estimates, a business will experience a three-month lag between the time a report is produced and the point at which the enterprise sees improvement or results from the changes the report recommends or predicts. If the reporting is unclear or unconvincing, the recommendations may never be implemented and the report will sit in a file on someone’s computer.

Continue reading “3 Ways Cross-Tab BI Can Improve Reporting!”