Business Intelligence drives business success. Being able to gain insight out of all the data in your enterprise is crucial to business success today. Your competition is always thinking of new ways to succeed and so should you! If you can provide your business users with BI tools and a simple, easy-to-use BI Dashboard, you can use these BI tools and solutions to achieve results and move your business forward.
The days of managing a business by opinion or ‘gut feeling’ are long past. Every business has competition – whether local or global or both and the only way to know that the business is performing against objectives and goals and is strategically competitive is to use measurable goals.
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.
Everything today is about metrics and measurements. Your boss, my boss, every executive wants to see numbers, statistics, graphs and charts that show progress or analyze problems. Modern business intelligence includes tools to establish key performance indicators (KPIs) but, when you are looking at a solution, you need to consider whether the KPI analytics solution allows you to really analyze the issues, problems, opportunities and root causes, or if it simply provides a tool for static monitoring and some pretty graphs, gauges and charts.
Measuring Key Performance Indicators (KPIs) are important to every business, no matter how small or large. In the past, the process of identifying and measuring KPIs was daunting and it required the involvement of analysts and other experts. Today, BI tools and solutions provide multidimensional KPI analytics and feature tools that allow business users to leverage KPI Analytics without the assistance of IT staff or data scientists.
A decade ago, your team could afford to raise an eyebrow at the term KPI analytics and perhaps even suggest that if your business wasn’t in a scientific or financial industry, you didn’t really need KPI software. But, today the world is different! Every business, no matter how large or small is challenged to manage and monitor its business in an objective manner using metrics and measurements that provide insight into the achievements and challenges and lead the team to draw appropriate, proven conclusions.
