Tag: Business Intelligence

The business intelligence software market is growing rapidly around the world, and with good reason. Business owners and managers are well aware of the importance of fact-driven, performance-driven business decisions and results. But, there is one thing that many businesses overlook when they are considering and selecting BI tools, namely, the importance of business intelligence democratization.

If a business is to be successful, it must engage and align its employees with the strategic, operational and tactical goals of the enterprise and link empowerment and accountability to these goals.

If there is one thing we know about Millennials, it is that they don’t want to work hard just to work hard. They are willing to work hard toward a goal, but they want to work smarter and BI tools are the tools of Millennial managers. With clear analytics and the ability to see patterns and trends, these new managers can use fact-based information to make confident decisions.

This report reveals some interesting facts and it is worth noting that the proactive retailer will analyze business intelligence to see what their customers want and how they wish to access, order and receive products and services. If you don’t truly understand your customers, you can’t serve them well, nor can you beat the competition at their game.

The fact is that a business intelligence solution rollout should not take 1-2 years though it often takes that long and then some. When considering business intelligence reporting software it is crucial for every enterprise to thoroughly explore its options and choose the right solution provider in order to get a solution that is affordable and practical and one that will rapidly achieve ROI and user adoption and ensure low TCO. But, there is another, equally important factor related to the complexity of the organization and its data structure and the data itself. Whether your business is small or large, your data may be spread across multiple locations and it may include complicated algorithms, financials, forecasts or other analytical data. True BI analytics must allow your organization – and its users – to access, compile, and easily analyze data in a manner that is meaningful to each user no matter their role or function. If your business is to succeed and ensure a competitive advantage, you must think big and act small! Be nimble. Provide access to critical business intelligence software to empower every employee and hold each team member accountable.

ElegantJ BI is one of India’s few BI product companies and offers unique Managed Memory Computing technology. ElegantJ BI CEO, Kartik Patel says that customer demands are changing rapidly and, BI vendors must provide data discovery as well as data monitoring to help customers succeed. Not so long ago, BI customers were satisfied with data visualization and data monitoring. But, as business demands change, and the face, and nature, of business competition shifts, every enterprise must adapt or die.