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.
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.
How can any business today be willing to accept a BI solution that has little or no mobile capability? Not only do most businesses have staff members on the road, but most businesses have staff members who work from home at least part of the time or those who extend their working hours outside the office.
