If your has selected a software product and your users have embraced that product, you do not want to rock the boat! You want to be able to continue using that useful solution. But, you may also need to add features or functionality to improve accurate reporting, to increase productivity and data sharing, to solve problems and identify opportunities or all of the above. So, what do you do?
The benefits of advanced analytics are many and with augmented analytics support, the benefits are even more numerous.
What’s the difference between business analytics and data analytics?
Business Analytics incorporates the skills, technologies, processes and practices to explore and understand exploration historical business performance and use that insight for business planning and issue resolution.
You have probably heard a lot about the concept of Citizen Data Scientists in industry conferences and journals. Whether you are managing a business, or a team or you are a team member in a business, you should take heed of these discussions as they will definitely change the landscape of every type of business from start-ups and small companies to large enterprises, and you would be wise to get on board.
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.
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.
India has a thriving business economy with a significant focus on technology. Whether a business plays in the technology market or is just trying to ensure that it can effectively compete in the local or global market, business intelligence is a necessary component of success. No matter how large or small the business may be, the concept of data democracy and business user empowerment is an important idea to embrace.
ElegantJ BI recently announced the release of version 4.5 of its Business Intelligence and Corporate Performance Management suite, which includes major features and enhancements. The release of ElegantJ BI v4.5 represents another step on the path to enhanced self-serve BI tools to support the transition of business users to collaborative power users with powerful Social BI capabilities. In addition to its many new features and enhancements, ElegantJ BI 4.5 introduces Social Business Intelligence, to support data sharing, rating, collaboration and the emergence of data popularity.
What if a teacher gave a child a box of crayons with only two colors? Can you imagine the disappointment of that child when they compared their crayon box with the crayons the other children received and realized that the other children had so many other colors from which to choose?
There is a lot to business intelligence and it is easy to get lost in the details but, if you want to promote a self-serve BI environment for your users, you will want to have a good understanding of your product options. Look for a solution that offers key performance indicator analytics, with an easy-to-personalize KPI dashboard. Look for business intelligence reporting tools that allow for drill down, drill through, and produce attractive, clear, concise reports that can be easily shared and that are accessible on mobile devices with diverse sizes and screen resolution.
