Properly used, BI can allow you to “see around the corner”. This means you are able to respond faster to market changes and take advantage of early entrant market opportunities.
Companies that do not take advantage of business intelligence software must rely on data that is manually assembled. For reporting alone, this is both time-consuming and prone to human error. Of those organizations, nearly three-fourths will see some negative effect on their daily operations because of their lack of adoption, according to InfoTech, an IT research group based here in London, Ontario.
Sounds shocking but, Nucleus Research examined several case studies to find out how much companies were getting back from their investment in business intelligence. For every dollar spent on BI, researchers found that $10.66 is made back. The results are encouraging for CFO’s reluctant to invest the time and resources in new technologies. Harvesting big data pays big dividends.
Yes, you read that right, failure in the Business Intelligence world is a reality. There are various reasons why BI projects fail but the biggest one is poor planning. Avoiding the known pitfalls and investing wisely in technology are the keys to success.
Business intelligence, or BI, is an term that refers to a system or process of analysing data to gain more insight into the business. There are a variety of methods used to analyse an organization’s raw data and there are many software packages designed to help make the data manageable.
BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting. Companies can use BI to improve decision making, cut costs, explore market opportunities, understand customer behavior, and identify new business opportunities just to name a few. BI is more than just corporate reporting and more than a set of tools to coax data out of your systems.
Immediate benefits that BI can bring to your organization are
Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.Geoffrey Moore - Author & Consultant
There was a time when BI Systems were only for large companies who could dedicate a team of employees to configure, maintain, and report from an enterprise BI system. This is no longer the case, technology now allows us to implement very scalable, lightweight, and user friendly BI Systems that everyone in the business can use.
If you are not analysing your organization’s data, you may never know what opportunities you are missing!
A corporate dashboard will allow you to consolidate many reports down to give you a single enterprise view of your business. It is critical to have a single unified view of the business so that everyone can see where they are and where they are headed.
Dashboard technologies used to be reserved for large corporations with large BI systems but not any more. There is a wealth of information available in almost any business, let us help show you how to make sense of it all!
Imagine being able to see the following metrics on a single dashboard:
A dashboard system can have a large impact on your business, please contact us for more information.
Business Intelligence Systems can be complicated, there is no doubt about that. There is always a company offering a new system that is the latest and greatest but finding which one works best for your company is not something you have tackle alone.
If you buy too large(complicated and expensive) of a system you risk never actually fully implementing it before it becomes obsolete. If you go with too limited of system which cannot scale up, you will find yourself replacing it with a new system before long. You may not be sure what functionality you need in a system or even if it will work with your systems.
We have implemented/advised on numerous BI Systems across various platforms, we know which systems work best for our customers and we always have the best interests of our customers mind. We are not affiliated with any specific BI Vendors so we will give you the unbiased answers that are sometimes hard to find.
Considering a data warehouse, or looking to integrate your data between systems?
We are very experienced with extracting, transforming, and loading (ETL) data from various types of Database systems and online data sources. If your ETL process is getting out of control or you need to develop one, we can help! We are experts in SQL query optimization, database tuning, data quality, and MDM processes.
Today’s world is fast paced. If you are lagging behind in the speed and accuracy of your reporting you can be sure your competitors will always be one step ahead of you.
In business many things come down to timing, so the sooner you know the sooner you can act.
No matter what size of business you have we can help design reports that are accurate, automated, and insightful.
Give yourself the competitive edge today!
The last 10 years we have seen many changes in business world, but which one has been both a blessing and curse? If you ask us we would say the amount of data collected. It is a blessing in that there is a wealth of information available and great insights can be drawn from it, but a curse because it overwhelms with it’s complexity.
Large businesses take advantage of this data and mine it for customer behaviour, patterns, trends, etc. Unfortunately many small to medium sized businesses feel that they cannot mine their own data because they do not have the resources to accomplish it.
We can show how data mining will help your business zero in on your customers or target markets. It is a powerful tool for business and if you are not using the data to your advantage you are not maximizing your business potential.
As you develop your BI system, consider our Data Science services which take data mining to an even higher level.