Business intelligence is not a dry, robotic reporting mechanism. Rather, it is (or should be) a source that is based on enterprise wide data, integrated to help users see results, find the source of a problem and delve into opportunities that offer business potential.
So, you have finally implemented a business intelligence solution. Maybe you just finished the deployment or maybe the BI tools have been in place for a while. If you are not getting what you want out of the implementation, it could very well be because your roll out is not expansive enough.
What’s that old carpenter’s saying? ‘Measure twice. Cut once.’ When it comes to measuring and metrics in business, you only want to ‘cut once’. In other words, you don’t want to make a mistake or misstep that will put you in legal risk or damage your business reputation, or take you off course and cost time and money.
Tally® Solution is a very popular accounting and finance-related application and that popularity, accessibility and value-add has been increased by the integration of BI tools into the Tally dashboard. This accessibility provides the foundation for a full and robust business intelligence tool that will benefit the organization in the future.
Smart data discovery is not dependent on a few geniuses sitting in a science lab somewhere! With appropriate data discovery tools your team members can leverage their knowledge of their role and domain, and the needs of their division, team or business unit to find the data and insight that is most meaningful to them.
Business Intelligence isn’t new but the way we gather, analyze and digest this intelligence is definitely changing. In the past, business intelligence was delivered to senior executives by IT and/or business analysts. The combination of a fast-paced business environment and a limited budget and limited resource reality means that most organizations must optimize resources and time to produce results. There are few businesses today that have the luxury of waiting for information, data or reports.
There has been a lot of discussion about Business Intelligence over the past decade. Business professionals hear this term in industry conferences and read about it in trade journals. But, many struggle to define the concept, so let’s start this discussion with a business intelligence definition.
What exactly is social business intelligence? The concept of Social BI is really quite simple. Social BI is similar to social media and social networking, in that it embraces the tasks associated with data analytics and makes these tasks and the resulting data insight a social experience by providing tools and an environment that encourages business users and team members to share data, make fact-based decisions based on that data and learn from each other to help each user adopt and leverage analytics. Power users are the ‘influencers’ of social BI and they can influence data popularity, the types of reports and data sharing within the organization and the creative ways in which people use data.
