Why is Self Service BI and KPI Software Important?
If you stay abreast of industry and market news, you have no doubt heard the very loud buzz about self-service business intelligence and the significance of KPI apps in bringing objective metrics and simplified data analytics to the business user community. But, how does all this buzz affect YOUR business? ###Details >
It is easy to get confused by the plethora of business intelligence tools and claims in the BI tools market today! But, there is no reason to be discouraged. Your enterprise can cut through the confusion, debunk the BI market myths and make the right decision for the business and for your business users. Choose a tool that will truly empower your business users and allow you to hold users accountable for results and work as a team, with collaborative features and sophisticated, yet simple, self-serve, mobile tools for every user in your enterprise.###Details >
Get business users involved in company success by giving them meaningful BI tools to gather, filter and analyze information and measure results with key performance indicators (KPIs) that are simple enough for every user and will provide clarity and support confident decisions.###Details >
When considering a BI solution, focus on a human-centric approach to software design. The business is comprised of people (not machines) and software solutions must satisfy user needs, rather than focusing on a particular platform, framework or technology. This human-centric approach is critical to creating any kind of software or interface, but especially so when one considers business intelligence (BI) user interfaces and dashboards. Key Performance Indicators and metrics are key to business success but ease-of-use and intuitive displays, reporting and personalized dashboards are crucial if users are to leverage, and optimize BI solutions, to get the most out of data and information. But, showing the data is not all there is to design. You must show the data in a way that is intuitive and meaningful to users, no matter what their role, focus, function, or skill level.###Details >
‘Key Performance Indicators’ or KPIs as we say, are very important to the enterprise and nearly every company is talking about them, these days. But, there are still a lot of businesses that don’t know how to define the right KPIs to get a good picture of success. To really understand where you are succeeding and where you are falling short, you have to measure the right things. For example, if your goal is to increase sales in the Minneapolis store by 5% in the year 2015, you couldn’t determine success by establishing a KPI to measure the number of shopping bags you have on hand in the store.###Details >
Business intelligence tools are applicable and valuable for every type and size business, and every vertical. When a manufacturing or supply chain company considers BI tools, they often fail to realize the true value of the data analysis and information they can glean and the improved business decisions, course corrections and customer, supplier, and partner satisfaction they can achieve.When an organization manufactures a product, it spends time, and resources to get that product out the door. In order to make money, the business must complete the process – get the product out the door, into the supply chain and into the hands of its customers, and other stakeholders. Perhaps that product will be combined with another product to produce an end result that is purchased by a customer. Perhaps, the product will fill the shelves of a retailer, or be used in a service industry, like auto mechanics.###Details >
Key Performance Indicators (KPIs) are de rigueur these days, and that is a good thing for business. After all, it is hard to accurately plan for success when you are guessing at every turn. While small and large businesses alike are establishing KPIs, there is one thing that is not so de rigueur and that is establishing KPIs that are appropriate, objective, measurable and actionable! Yet, without those important considerations, KPIs aren’t worth the paper they are printed on – or the computer screen they are displayed on! Appropriate Metrics: Let’s say that you own a company called, ‘Widgets Plus’ and that company manufactures (what else?) widgets. Among the factors that will affect business success: the quality and dependability of the widgets, competitive pricing of the widgets, supplying the right variety of widget sizes, and the timely supply of widgets to your customers. In order to establish appropriate metrics, the management team must focus on the key components of success rather than measuring the number of pens the staff used in the month of August or the average shipping costs for technical manuals. Of course, Widgets Plus cares about its expenses and it is in their best interests to control those expenses, but key metrics must focus on the things that are critical to business success, sales, corporate reputation, competitive positioning and product or service sales.###Details >
Key performance indicators (KPIs) are not just for big companies anymore. School districts, hospitals, non-profits and government agencies are discovering the value of KPIs in making fact-based decisions and tracking results with objective metrics to make confident decisions and ensure the successful achievement of objectives and goals.
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