When your business begins the process of choosing or changing business intelligence tools and business intelligence services, it is easy to get confused! There are many choices in the market and not all of them are created equal. A business intelligence company offering solutions, features and functionality for advanced analytics must be suitable for your requirements or your initiative will not succeed.
When you are looking for a BI solution, do not ignore the trend toward data democratization and data literacy among your team members. To create the greatest assets to your company and improve team member value, you want to provide access to critical data and a simple way to perform advanced analytics so that users will adopt BI tools and you can create a social BI environment with improved data popularity and power users who will share knowledge and encourage the use of data and fact-driven decision-making.
Don’t let business analytics intimidate you! Whether you are a small, medium or large enterprise; whether you have an unlimited budget or a tight budget, whether you have a team of analysts and data scientists or one individual struggling to provide the data your team needs to make decisions – you CAN and MUST embrace data analytics.
In spite of the fact that trade publications and business conferences have been talking about business intelligence and BI software for years, there are still some business executives and business owners that do not understand how business intelligence tools can help the organization achieve its goals and stay ahead of the competition.
A business might wonder how to justify the implementation and cost of business intelligence tools when, in fact, it is more difficult to justify the decision NOT to implement a BI solution. A BI solution can provide targeted, concise information with which the business and business users can make fact-based decisions, and it can provide insight into trends and patterns that will help to dictate new product and service decisions, pricing decisions, staffing and training decisions and more.
KPI Analytics is important to every company. Key performance indicators, or KPIs, help a business to monitor and measure business success by looking at specific factors, activities, tasks and processes. Often, an industry has a standard set of KPI examples it uses that is widely accepted as measurement for success but, many times, the business has its own unique way of measuring success and, when used correctly, KPI software can help the business to identify issues and change processes or policies before the issue results in a negative impact to the bottom line.
If your business wants to democratize data and provide access to business intelligence tools to satisfy the needs of every business user, you may want to engage a business intelligence consultant to help you better understand your requirements for data and systems integration and to plan a simple, straightforward implementation and training schedule that will get you where you want to go, quickly and easily.
Providing ample business intelligence in clear, concise fashion is important for every business. But, if the business analytics tools are not simple enough for business users, all that sophisticated analytical data will not help your team to make confident decisions or to accurately and effectively plan.
If your business users are frustrated with BI solutions that are restrictive or BI reporting tools that offer only formats and static reports chosen by others who do not know their needs, you are not alone.
No matter how large or small your business, no matter whether your business is fifty years old or a start-up, you need business intelligence software today to maintain a competitive advantage and to establish a collaborative culture with data democratization. But your needs are unique. That is true of every business and every industry. So, how do you get what you need without expensive customization. How do you quickly and easily implement business intelligence tools with no extensive training and cost impact?
