The use of business intelligence and business analytics is growing in every industry, business function and in companies of every size. 48% of small and medium sized business CIOs responding to a Gartner survey revealed that business intelligence (BI), data and analytics is one of the technology areas that will have the largest amount of new or additional spending.
Social Business Intelligence Creates a Business User Community!
Everyone over the age of five knows about social networks and social media. No matter which platform you prefer and how you choose to share your thoughts and ideas, you are no doubt engaged in the networking world. When it comes to business intelligence and analytics, there is no reason you can’t employ the same techniques to share, collaborate, create and innovate.
Ensure Digital Transformation Success with a Digital Transformation Partner!
As Gartner says, Digital Transformation is ‘the changes associated with digital technology application and integration into all aspects of human life and society. It is the move from the physical to digital’.
Choose the Right Self-Serve BI Tools and Ensure User Adoption!
When your business users are asked to take on yet another responsibility, they are likely to balk. Most companies are short-handed and expect more of their team members than ever before. There are a lot of good reasons to initiate data democratization and engage in digital transformation to modernize and improve the enterprise and to improve results. If the business can encourage data sharing and collaboration, it can also improve the shared knowledge of the team and create accountability and empowerment. In so doing, the business can leverage the knowledge and skill of each team member and ensure that every business user is working to their full potential with the all the information they need to solve problems and to capitalize on opportunities.
Shopping for Advanced Analytics? Get Self-Serve Augmented Analytics and Succeed!
There are a lot of business intelligence and analytical tools on the market today and if your business has recognized the need to implement this type of solution for self-serve analytics among business users, it is important to understand the advantages of augmented analytics. Advanced analytics benefits are numerous but, when a business chooses augmented analytics tools, it can ensure that its business users have full access to analytical features and sophisticated techniques without having to learn complex systems and without having to acquire data scientist skills. That ease-of-use takes advanced analytics advantages to the next level by democratizing use and allowing for digital transformation and increased data literacy across the enterprise.
How Can I Make it Easier for Business Users to Perform Analytics?
When a business wants to roll out advanced analytics to its business users, it must consider the average skill level and understanding of analytical techniques and ensure that the solution it chooses will support its project goals. One of the most important factors of business user analytics is user-friendly, simple analytics in an augmented analytics environment.
Is Predictive Analytics Real or Does it Promise More Than it Delivers?
Why would anyone want or need to use predictive analytics? What good is forecasting anyway? Doesn’t it always end up being wrong? Well, no! That’s why wise businesses use these techniques to plan and forecast and to understand how a change they are considering might impact their business success. Nearly every organization today is using analytics to improve productivity, competitive positioning, market presence, financial investment strategies, price point planning, risk mitigation and many other business factors.
Modern BI Solutions and Advanced Data Discovery for the Organization!
Today’s modern BI solutions include Advanced Data Discovery tools in a self-serve environment that is easy enough for all business users. Every enterprise needs BI tools that can be used out-of-the-box. To meet the needs of the enterprise, your business users will need key performance indicator analytics (KPI software), and BI reporting software that is mobile and suitable for use on a desktop, laptop or smart phone.