Tag: Analytics and BI Platforms

Combine Traditional and Modern BI for the Best Results!

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September 17, 2024

Give Your Team Traditional and Modern BI in One Solution

Business Intelligence (BI) solutions have been around for some time. The traditional BI tools were designed to be used by the IT team, business analysts and data scientists and utilized sophisticated features which required specialized knowledge and skills possessed only by the technical and analytical community. In this environment, business users were consumers of content, and while they could access information from dashboards, reports and KPIs, they had very limited access to date and they could not interact with that data. Where users had access to data, BI objects, reports and dashboards were developed, provisioned and presented to them by the IT team, so the business user had no control over what they could see or the format of the data.

‘In the past, business users were restricted to analytical content provided by IT staff and Data Scientists with limited interaction and access to data’

Gartner predicted that ‘…smart/augmented, nonrelational-, search- and visual-based data discovery capabilities will converge into a single set of next generation data discovery capabilities as components of modern BI and analytics platforms.’

When You Combine Traditional and Modern BI Tools, You Give Your Team Comprehensive Support

In line with Gartner predictions, the new world of Augmented Analytics and Modern BI solutions enables end-users and team members to access and use business intelligence (BI) to combine their industry and functional knowledge with clear, concise data. These new solutions are focused on business users, and on their empowerment, placing the power of true insight into the hands of business users and transitioning business users into Citizen Data Scientists. These solutions provide more value to the organization, improving technology Return on Investment (ROI), Total Cost of Ownership (TCO) and increasing efficiency with fact-based decisions. Modern BI and Augmented Analytics offers data integration and sophisticated analytical models and techniques in an easy-to-use interface that provides auto-suggestions and recommendations to speed the analytical process and ensure that users get what they need. It also provides report formats, publishing tools, alerts and analysis that can be shared by team members to encourage user adoption and collaboration.

As the needs of the average user evolve, most businesses find that a combination of traditional BI tools and Modern BI tools will best meet the needs of the team and ensure that every team member has the tools they need to get the job done.

Here are the primary features and functionality your business will need to capture Traditional Business Intelligence components and provide comprehensive coverage for your team. These solutions allow the IT staff to provide dashboards and reports for business user consumption and review:

  • Personalized Dashboards – Users with average technical skills can design personalized dashboards in minutes without programming knowledge.
  • Multidimensional Key Performance Indicators (KPIs) – The team can define KPIs using an intuitive expression engine and KPI software to set polarity, frequency and threshold levels.
  • Social Business Intelligence – Imagine an environment where business users can access a business intelligence and analysis portal and see popular data to rate, share and comment.
  • What-If Analysis – Enables business users to determine how a prospective change to a product, service, resource allocation, budget, schedule, pricing, raw material cost, labor cost, or other factors might affect the business bottom line.
  • Graphical Analysis – Business users can leverage stunning visualizations, alerts for exceptions and trends, and intuitive, mobile BI dashboards with true deep dive capabilities!
  • Mobile Business Intelligence – Business intelligence solutions your business users can enjoy with high-performance BI tools that will work on any size or type of device.
  • GeoMap Support – Users can leverage geo maps, analyze data for any location, and define geographic areas with support for drill down, spot lighter and other features.
  • Exceptions and Personalized Alerts – With exception reporting users can define thresholds, monitor Key Performance Indicators (KPI) and metrics, and even receive alerts when exceptions occur with the ability to set, modify and delete alerts based on specific thresholds.
  • R Integration – Integrates seamlessly with R (the popular open source programming language and software environment for statistical computing), so users can integrate any R script with simple input and output configuration.
  • Print Reports – The IT team can leverage a simple, basic programming or scripting environment to define format templates and produce reports for delivery by email.
  • Web-Based BI Reports – Business intelligence reporting software enables users to point-and-click and drag-and-drop to create a report summarizing performance metrics, or operational data, without programming or database or SQL skills.

Modern BI and Advanced Analytics – Augmented Analytics enables the transition from business user to Citizen Data Scientist and supports data democratization and data literacy, allowing Data Scientists to focus on strategy and business user access to analytics to perform day-to-day analytics.

  • Assisted Predictive Modeling – Predictive analytics for business users provides predictive modeling capability assisted by auto-recommendations and auto-suggestions to simplify use and optimize outcomes, allowing business users to predict outcomes without the expertise of a data scientist.
  • Auto Insights – The Auto Insights Smarten toolset allows business users to simply select the dataset to be analyzed and let the system interpret the dataset, select important columns of data, analyze its type and variety and other parameters and use intelligent machine learning to automatically apply the best algorithm and analytical technique and provide data insights.
  • Key Influencer Analytics – Focus on what matters and find the most relevant influencers for your target KPIs. Business users often find it difficult to identify the right targets and to understand relationships and factors that influence results.
  • Anomaly Analysis – Reveal trends, anomalies and answers, map targets, focus on influencers that matter and adapt to succeed.
  • Smart Data Visualization – Smart data visualization allows business users to view and analyze data to identify a problem and clarify a root cause and to make confident decisions.
  • Self-Serve Data Preparation – Smart data discovery tools and augmented data preparation features allow business users with average skills to perform data preparation and transform, shape, reduce, combine, explore, clean, sample and aggregate data, without the need for SQL skills, ETL or other programming language.

‘As the needs of the average user evolve, most businesses find that a combination of traditional BI tools and Modern BI tools will best meet the needs of the team and ensure that every team member has the tools they need to get the job done.’

There are other many other features and components available to support users, IT, business analysts and data scientists in the traditional and modern analytics environment.

To find out more about Business Intelligence (BI) Solutions And Reporting, Contact Us. Discover the power of Augmented Analytics and see how your team can benefit from fact-based decisions, and cost-effective analytics and achieve a market advantage.

Original Post: Combine Traditional and Modern BI for the Best Results!

How Can Data Visualization Help Me Achieve Business Results?

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August 27, 2024

Reporting and Data Visualization Improves Team Understanding!

Statistics reveal that many people learn best when they see a story or information depicted in an image. Graphs, charts with colors, lines and shapes can often tell a story and communicate issues, challenges and opportunities in a business environment.

According to Forbes, ‘Almost eighty-thousand scientific studies attest that visual images promote retention.’

‘Visualization and presentation formats can include personalized dashboards and visualization techniques, alerts for exceptions and trends, and intuitive, mobile BI dashboards.’

Let’s consider a few examples of data presentation to illustrate how images, graphs, charts and visualization techniques can improve data understanding and retention.

How Can Data Visualization Help Me Achieve Business Results?

Cross Tabulation – Data presentation consists of categorization of data into groups, such as products, geographies, demographics, etc. It can be very useful in understanding sales results, product pricing response, target audience assessment, etc. Cross tab analytics can help your team understand market research, survey responses, seasonality and other factors.

KPI Reports – Key Performance Indicators (AKA KPI) can provide metrics in a dashboard environment that is easy to understand, so users can monitor and manage success factors, and quickly see where there are problems. KPI reporting can be used to identify and capitalize on opportunities and to adjust to challenges in the market and within the walls of the organization.

Custom Print Presentations and Reports – Every organization has a need for custom reports. Needs vary from division to department to user, and these needs can be expensive to accommodate. Custom reports to present data for decision-making, or to monitor results on an ongoing basis are crucial to the organization. But if the enterprise has to ask IT or business analysts or data scientists to satisfy the need, they are losing productivity, time and efficiency. By giving users the ability to design, format and product reports for a particular staff meeting or project, the enterprise can keep the process moving and ensure that the team has what they need to gather, analyze and understand results in a meaningful way. Custom formats might include customer statements, management reports, compliance reports, project templates, etc. Users can present data in a clean, colorful, attractive way to satisfy customers, partners, suppliers, executives and team members.

‘According to Forbes, ‘Almost eighty-thousand scientific studies attest that visual images promote retention.’

These are just a few examples of reporting formats and types, and how they might help your enterprise. Other types of visualization and presentation formats can include personalized dashboards and visualization techniques, alerts for exceptions and trends, and intuitive, mobile BI dashboards.

Team members, managers and executives typically think of reporting and presentation as boring, detailed and unintelligible. They rarely see the value in using data to make decisions when, in fact, this approach is the wisest and produces the best results. But it is understandable that the staff, customers, partners and suppliers would cringe when a report is placed in front of them, emailed to them or presented on a screen.

What if you could create, format, present and share data in a way that quickly communicated results, delivered a message, identified an issue or illustrate dan opportunity? Change the way your enterprise uses and interacts with data, with clean, clear, concise, elegant and colorful presentation.

Explore the benefits of Smarten Reports, and Pixel Perfect Print Reports and the use of this this seamless PDF Pixel Perfect Reports Solution, and the Smarten suite of Augmented Analytics can support your business users with self-serve tools that are intuitive and will encourage user adoption and fact-based decision-making.

Original Post : How Can Data Visualization Help Me Achieve Business Results?

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.

Continue reading “Understanding BI Tools in Today’s Market”