If you are overwhelmed with a large amount of data of your business and pondering over whether or not you need business intelligence solutions, you have come at the right place. While, undoubtedly, business intelligence consulting service would help you in coming out of your dilemma completely, this blog would also help you to have a bird’s eye view over how to identify ‘when my business needs data analytics and business intelligence solutions’. So, without any formalities, let’s start the discussion.
A lot of Data but no Analytics for Real and Meaningful Information for Decision Making
In any business, no
doubt, data is huge. It is because it is easy to collect data and figures.
Pretty much every keystroke leaves a digital footprint which is an addition to
your stockpile of data. But, there is not much value of such data if you aren’t
gaining any real value information from it. If you’re lacking information, you
will find it hard aggregating and analyzing data into actionable insights. This
is where the need of Business Intelligence tools and solutions arise.
The power of BI
solution is that it enables to identify trends and issues, reveal new insights
as well as fine tune operations to fulfill business goals. Unquestionably, data
acts as a gateway but BI is the key to unlock the valued information from that
IT Stands as a Gap between you and your Reports
When IT department
controls all your business data, getting reports is not an easy task. Creating
reports without BI software, especially when complex reports or dashboards are
needed, requires a person with technical skills and as a result, it forces
non-technical users to be dependent on IT. When other departments consistently
need the IT department to tweak and edit reports, it results in a bottleneck
with long delays in getting the work accomplished.
Thus, it is a clear
indication that it’s time to bring data to the people – the business users, who
would actually benefit from data analysis in order to meet actual business
Intelligence Consulting service and having solid BI tool with a clean and
intuitive UI enable business users to build reports on their own as well as
also make them capable of adding or tweak any BI dashboard.
Still Relying on Spreadsheets and Data is too Big
It is an undeniable
fact that Excel often acts as the lifeblood for a company’s reporting needs.
However, when the report contains too much data than Excel is designed to
handle, it can become sluggish to use. In a growing competitive business
scenario, it doesn’t take long for the data to reach far beyond the Excel’s
capacity even if you properly manage and clean the data sets. As this occurs,
you are left working with desktop spreadsheets that are siloed and don’t
facilitate data sharing and updating.
If you desire to get
a unified, clear and accurate view of the bigger picture, start using BI tools
as they can easily mash up data from various sources and also provide a
coherent analysis of any amount of data at a faster rate.
With the use of BI
tools and software, basic tasks like creation of organizational plans,
distribution and collection of information to/from different managers,
consolidation of multiple spreadsheets and broken macros and formulas debugging
would become as easy as pie.
There are several other indications also and various aspects for which you must seek Business Intelligence Consulting service. Only then, you will know how much BI tools and software are useful for making potential business decisions that will benefit you in accomplishing short-term as well as long-term goals.