Augmented Analytics was designed to remove the barriers erected by the traditional business intelligence and analytics solutions. In order to achieve data democratization and improve data literacy among team members within an enterprise, the organization must provide simple, easy-to-understand solutions that display analytical results in a way that is meaningful and intuitive.
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:
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.
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!
When a business decides to implement a self-serve business intelligence (BI solution, it must ensure that the tools really are ‘self-serve’ and that they provide the flexibility and agility to give power users the ability to create and analyze, and business users with average technology skills the ability to quickly and easily understand the augmented analytics tools they now have access to, and to use those tools to the benefits of the team and the organization.
In today’s mobile society, no enterprise can afford to overlook the importance of mobile access for business applications. Your team may be working remotely, or out of the office meeting with clients or a sales team. Whatever the case, mobile access to apps is crucial to productivity and collaboration. Business Intelligence solutions are no exception!
‘If the mobile BI solution is not flexible and seamless so that it operates on all devices; if it does not provide all features and functionality in a mobile environment, business users will be frustrated.’
According to recent research, the global mobile analytics market is projected to reach $28 million USD within the next decade. The reasons for that growth include an expanded interest in data democratization and the use of analytics among team members throughout the business organization, as well as a need for mobile access to optimize resources and ensure productivity.
The choice of solution is key to success and any mobile BI solution the business considers must support both Android and iOS, and operate in a ‘design once, use anywhere’ approach that accommodates desktops, tablets, and smart phones with an intelligent, adaptive user interface (UI) that supports any screen resolution and any size screen with seamless navigation and performance.
Anytime, Anywhere – Team members are more tech savvy today and they will not accept or adopt solutions that are restrictive or cumbersome. A mobile business intelligence solution must provide support for a fast-paced work environment and support users in the office and on the road.
Designed to Support Growth and Change – The mobile BI solution must support growth and be flexible to expand user volume, multiple locations and changes in business processes, reporting needs, etc.
Integrated Data Access – The mobile BI solution must be easy to use and operate out-of-the-box without customization to enable access to data for analytics, working across disparate data sources to serve seamless, clear information on mobile devices.
Comprehensive Features – Features should include the ability to personalize dashboards, report features including graphs and charts and key performance indicators (KPIs). Solutions that restrict access to all features on mobile devices will not serve your business users well.
‘The choice of a mobile BI solution is key to success. It must support both Android and iOS, and operate in a ‘design once, use anywhere’ approach that accommodates desktops, tablets, and smart phones with an intelligent, adaptive user interface (UI).’
It is important to understand that simply having mobile access is not enough. If the mobile BI solution is not flexible and seamless so that it operates on all devices; if it does not provide all features and functionality in a mobile environment, business users will be frustrated and are not likely to adopt and use the solution on a daily basis which will negatively impact return on investment (ROI).
Mobile BI and Business Intelligence solutions should include tools and techniques that make it easier to achieve data literacy and provide data analytics access to all business users. Simple, self-serve BI tools can provide your business with the foundation to achieve your goals with features and tools like Social BI, Embedded BI, etc. Let us help you achieve your vision and improve productivity and insight across the organization.
Original Post : Mobile BI Ensures Access to Critical Data for Business Users!
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.
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:
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.
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.
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.
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.
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.
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!
Gartner has predicted that ‘augmented analytics will be ubiquitous, but only 10% of users will use it to its full potential.’ Perhaps one of the most important aspects of user adoption is to provide the business intelligence tools at the place and time the user needs them. That means that a solution considered by the organization must be one that supports mobile devices.
‘The organization should look for a ‘design once, use anywhere’ approach that allows for maximum flexibility.’
In this article, we discuss how the organization can assess and choose the right Mobile BI solution to ensure optimal results and user adoption.
The augmented analytics, business intelligence solution that offers out-of-the-box mobile access for all types of mobile devices, tablets and desktops allows users to perform analytics, collaborate and report on the road, in the office, in hotels – in short, anywhere. With mobile BI support, the enterprise can provide a self-serve BI tool that encourages user adoption and supports data democratization and analytics for all team members without expensive customization or restrictive dashboards or reports. The Mobile BI solution that supports all devices and screen sizes allows users to access analytics using any device they leverage for work-related activities.
The enterprise must assess its business intelligence needs and plan for the future but not every evolutionary path is predictable. So, a Mobile BI tool that supports current and future data and user volume is an imperative. The organization should look for a ‘design once, use anywhere’ approach that allows for maximum flexibility. As devices change and evolve and users, locations and data changes, the organization can meet its needs without additional licensing or developmental costs.
If the augmented analytics solution and BI tools are comprised of comprehensive features to allow for easy-to-use dashboards, reporting, and graphs, charts and key performance indicators (KPIs), those features must be designed to seamlessly display and function on any type of device, any screen and any resolution, so users are not frustrated and access is simple and intuitive.
‘Perhaps one of the most important aspects of user adoption is to provide the business intelligence tools at the place and time the user needs them.’
Find out how Mobile BI And Augmented Analytics can support data democratization and improve your business results. Let us help you achieve your vision and improve productivity and insight across the organization.
Original Post : Choose the Right Mobile BI App and Get Results!
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.
The days of data silos and exclusive data access are over. Data Scientists and business analysts are still an important component of the business and IT teams are still crucial to the success and stability of the organization BUT if you are thinking that these roles are still responsible for day-to-day analytics and delivering every bit of data analysis to the enterprise, your business strategy needs an upgrade!
A recent report revealed that by, 2028, the Augmented Analytics market is projected to reach USD 46.26 billion at a CAGR of 24.30%. The business intelligence solution market has evolved into augmented analytics and these solutions designs have progressed to support average business users with simple solutions that combine sophisticated analytical techniques and algorithms with easy navigation, reporting and insight.
Businesses that invest in business intelligence solutions expect to achieve results, become more competitive and improve productivity, but these businesses often fail to understand the need for Mobile BI. Mobile business intelligence should provide all the features and search capability a user needs to perform tasks and get information while on the road, working remotely or visiting a client, partner or regional office.
