Business Intelligence (BI) is the lifeblood of an organization. Without business intelligence, the enterprise does not have an objective understanding of what works, what does not work, and how, when and where to make changes to adapt to the market, its customers and its competition.
You may be interested to know that TechJury reports seven out of ten businesses rate data discovery as very important, and that the top three business intelligence trends are data visualization, data quality management and self-service business intelligence.
As the Business Intelligence solution market evolves, it may be difficult for an organization to know when to invest in these tools, and which tools are best for enterprise and user needs.
The Client is the largest global manufacturer of Air Coolers. The Client is an India-based Multi-National Company with a presence in over sixty (60) countries. As the market leader, this enterprise enjoys a prime position in the residential, industrial and commercial market segments and its brand is considered synonymous with cooling products in the global market. The Client is a market disrupter in what is a diverse and poorly organized sector and it has set the market benchmark with 201 trademarks, 64 registered designs, 15 copyrights and 48 patents, thereby setting the gold standard for air cooling in the global market.
The Smarten Augmented Analytics solution allows the Client users to interact with data to identify overall profitability at various levels in the organization. It also allowed the Client team to measure tactical and operational results at a summary level, and at a detailed level for an individual task, or a group achievement.
Key Benefits and Deliverables:
Consultancy for understanding and designing sales and transactional analytics across functional departments and data cleaning and structuring
Centralized access to information from diverse data sources, through interactive graphical and ad-hoc analysis
Defining common themes and designing user friendly Management Dashboards
Compiling, structuring, and harmonizing various modules like Sales, Collection, Services, Finance, etc.,
Exceptions and alert analysis for monitoring performance against budget allocated for each project
Automating all operational reports with pristine quality data
Training IT staff, power users and end users
Low cost of acquisition, short rollout time, and less training results in lower TCO
User-friendly interface reduces burden of ad hoc queries to IT team
Enterprise architecture with zero footprint browser interface ensured rapid rollout across various locations to many users
Responsive user interface allowed users to access the solution with all popular smart phones, tablets, and other mobile devices
Provides Mobile App access for all BI dashboards and reports for portability and on-the-go report access. The Mobile App also allows users to share reports in various formats over diverse mobile platforms and applications.
The Smarten team initially executed an on-premises installation of the solution and followed this with migration to AWS ‘m5.4xlarge with 64 Gb memory and 16 core’ instance. The Smarten team provided the Client with cloud and application management services for the Smarten application.
With the selection and implementation of the Smarten Augmented Analytics solution, the Client has achieved its goal of creating a centralized analytics system that is accessible and adds value at all levels of the organization. The Smarten intuitive interface allows users to make the most of available data and to effectively manage their resources, revenue, procurement, business operations, manpower allocation etc. It supports the Client team in tracking organizational performance, to reduce cost and increase the profitability of each department, without compromising quality.
4 Things to Know to Prepare for BI Tools and Data Democratization!
The days of data silos and exclusive data access are over. Data Scientists and business analysts are still an important component of the business and IT teams are still crucial to the success and stability of the organization BUT if you are thinking that these roles are still responsible for day-to-day analytics and delivering every bit of data analysis to the enterprise, your business strategy needs an upgrade!
Key Performance Indicators and Performance Management are Crucial to Business Agility!
When a business takes on the task of going from an opinion-based, guessing game environment to a metrics-based, fact-based environment, it must decide WHAT to measure. Metrics are fine, but deciding what is important to measure is crucial. You can measure the wrong things and end up knowing nothing about what is happening in your enterprise, and which tasks and activities are contributing to your bottom line, as opposed to the tasks that are non-productive and business processes that should be modified.
What Are the Advantages of Mobile BI and Augmented Analytics?
A recent report revealed that by, 2028, the Augmented Analytics market is projected to reach USD 46.26 billion at a CAGR of 24.30%. The business intelligence solution market has evolved into augmented analytics and these solutions designs have progressed to support average business users with simple solutions that combine sophisticated analytical techniques and algorithms with easy navigation, reporting and insight.
Address the Challenges and Enjoy the Benefits of Self-Serve BI Tools!
If you are a business manager, senior executive, IT professional or analytical professional, you are probably well aware of the emergence of business intelligence solutions, BI tools and augmented analytics for business users. In all likelihood, you have been hearing about these trends in annual conference and industry journals. If your business has not yet adopted such an initiative, it is likely to do so within the next year. But it might surprise you to know that, world renowned technology research firm, Gartner, predicts that ‘By 2022, augmented analytics will be ubiquitous, but only 10% of users will use it to its full potential.’ Given the focus and effort invested in business intelligence and augmented analytics, this prediction is disappointing, but understandable.
A recent survey found that 93% of application teams report improvement in user experience as a result of embedded analytics, and 94% of teams report improved customer satisfaction with embedded analytics. The concept of embedded BI is simple. By leveraging APIs, the augmented analytics solution is embedded within familiar enterprise apps and made available to users via single sign-on so that the user can access favorite software solutions and applications to perform tasks and use the data contained there to analyze data and make decisions.
Here’s How Mobile BI Encourages User Adoption and TCO!
Businesses that invest in business intelligence solutions expect to achieve results, become more competitive and improve productivity, but these businesses often fail to understand the need for Mobile BI. Mobile business intelligence should provide all the features and search capability a user needs to perform tasks and get information while on the road, working remotely or visiting a client, partner or regional office.
Combine Traditional BI with Modern BI and Analytics to Improve User Adoption and Gain Advantage!
The world-renowned technology research firm, Gartner, predicts that, ‘through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives’. As businesses consider the options for data analytics, it is important to understand the impact of solution selection.
Drive User Adoption with Embedded BI and Single Sign-On Convenience!
All of your business users have a favorite software application – an app they value because it helps them do their job more easily, or helps them get crucial information. These are the applications they have learned and they are used to leveraging them on a day-to-day basis to perform tasks. When you introduce augmented analytics into your business environment, one of the most critical factors is whether you can expect user adoption. Finding and implementing the right augmented analytics solution is just the first step. If you can’t get your users to USE the application, your return on investment (ROI) will be poor and your total cost of ownership (TCO) will be high.
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