What is business intelligence? Business intelligence is a body of intelligence gleaned from data and information within your business enterprise. It is comprised of the strategies, data and technologies and brought together for the purpose of data analytics. BI technologies are used to provide historical, current, and predictive views of business operations and to help make fact-based decisions.
The Tally Solutions offering is focused on accounting and finance related activities and tasks and it is very popular in India and in other countries. As Tally expands its reach, it has also expanded its features and functionality as a way to support existing users and to attract new users.
If you are using SAP® in your business, you know that it takes time to plan, implement and train for this enterprise application. If your team wants to undertake a data democratization initiative and use data in various systems and data repositories to analyze and gain insight for business intelligence, you would be wise to select a business intelligence solution that can be easily integrated with SAP and allow your users to leverage familiar tools to perform analytics.
Key Performance Indicators, affectionately referred to as KPIs…or perhaps not so affectionately referred to, depending on your comfort level with KPIs and your experience with the effectiveness and value of KPIs.
If your team is using business intelligence (and it should be), you may be working with a more restrictive business solution that is not designed for a business user. If that is the case, you are missing an opportunity to cascade analytics throughout the organization and to optimize your resources and improve productivity. Self-Serve Business Intelligence solutions are designed with guidance and recommendations to guide a business user with average skills through the process of preparing and analyzing data and to encourage collaboration and data sharing across the enterprise.
There are many reasons for a business to consider a self-serve business intelligence solution for business users. If properly deployed, BI tools improve productivity, accuracy and speed of decisions and competitive advantage – among other things.
If you and your business users love Tally ERP but you would really like to have expanded reporting capability and mobile access, don’t despair. You can have those things today!
A few months ago, I was talking to a friend (someone who has worked, for years, in the IT industry) and happened to mention data democratization. In this age of modern business intelligence, augmented analytics and Citizen Data Scientists, one would think that every IT professional would know the term ‘data democratization’ and its crucial importance to the business environment and success. But, my friend did not know or understand the term or its importance. In fact, she was even a bit skeptical about the potential and the movement toward self-serve business intelligence and analytics.
Every business has its unique needs, competitive strategy and challenges. But, not every business understands these factors or has the ability to make fact-based decisions. Even the smallest businesses deal with a lot of data every day and, while they may feel that they don’t need analytics, this oversight can mean that they do not consider all the data they have when they make a decision or that they tend to make decisions based on opinion or ‘gut feel’.
