Business Intelligence Services
Buisness Intelligence Services
Business Intelligence Services are becoming crucial due to the challenges faced by business today on how to centralize all the critical data held in internal and external systems and manage it for the right people, at the right time. Business intelligence solutions convert the data in your existing business systems into strategic value through a comprehensive business intelligence environment.
Business Intelligence Services for Strategic Financial Management
In today’s volatile financial environment, the uses of business intelligence services for tracking financial has become an essential competitive tool to organizations. Financial executives are exploring ways in which the financial function can bring even greater value to their organizations. They are transforming their organizations from focusing primarily on regulatory reporting to providing the information that internal management needs to effectively “run” the business. This reinforces the importance of accurate financial information to assess and manage every segment of the business entity.
Financial executives must now think beyond their traditional financial information and consider how best to provide for the comprehensive measures and analytical methods needed to drive decisions throughout complex, dynamic companies.
Benefits of Business Intelligence Services in Strategic Financial Management
Effective Business Intelligence Services can provide your organization with metrics and related analytics to support the following areas:
- Understand the overall performance of the organization and identify areas to reduce operating costs to effectively manage enterprise-wide investments.
- Enable enterprise level budgeting and planning.
- Manage operations via balanced measures, scorecards and Key Peformance Indicators.
- Provide more accurate information quickly, reducing the cycle time for financial consolidation, reporting and planning.
- Deliver timely reporting functionality with the ability to trace supporting detail and provide easy, secure access to information.
Today, as companies come to grips with this need for consistent, integrated information, the finance function is most often at the center of this convergence.
Business Intelligences Services for Strategic Marketing and Sales
In today’s highly uncertain markets, consistently delivering predictable results has become a challenge. Forward looking sales organizations are positioning themselves as highly optimized, tightly integrated business units capable of adapting to rapidly changing market dynamics.
Predictability is critical to any successful sales operation. In order for sales and profit objectives to be achieved, organizations are highly dependent on information and technology as integral components of the decision-making process.
Business intelligence services and planning tools are being deployed to help manage, measure and improve overall corporate sales effectiveness. This process is facilitated by the wealth of enterprise data available to provide sales executives and their management teams with a solid, decision-making foundation based on domain-specific intelligence, and industry-specific best practices.
Benefits of Business Intelligence Services To Marketing
Effective Business Intelligence Services provide your organization with metrics and related analytics to support the following areas:
- Forecast through trend analysis.
- Personalized reporting with up to the minute integrated information.
- Key performance indices.
- Better understand the client base.
- Develop a retention strategy for best customers through analysis of customers’ buying habits and loyalties.
- Increase market awareness by exploring potential markets via product and brand analysis.
- Monitor sales initiatives and strategically manage customer relationships effectively.
- Uncover deficiencies and potential pitfalls in sales processes.
Implementing an Effective Business Intelligence Services Within an Organization
Implementation of an effective business intelligence services involves 5 key stages which commences with the initial understanding of key reporting requirements across the organization and concludes with a successful deployment of the solution, with in-house knowledge to continue the improvements in later phases. The approach stages are;
- Establish strategy and define project
- Assess information requirements
- Design and model data warehouse
- Build data warehouse system
- Deliver to live system
Once an organization deploy and enable an effective Business Intelligence Services throughout the organization, it will realize the benefits, including a range of comprehensive analytical tools for flexible reporting, KPI monitoring with access to industry and market trend data and a host of knowledge management capabilities for tracking performance and ensuring continuous improvement.
Seek a proven and scalable Business Intelligence Services delivering core sales and finance information that can be developed quickly, cost effectively and at a low risk.
Business Intelligence Dashboard
What is a Business Intelligence Dashboard?
A business intelligence dashboard is a data visualization tool that shows the latest status of metrics and key performance indicators (KPIs) for a business organization. Dashboards combine and lay out numbers, metrics and sometimes performance scorecards on a single screen. They may be customized for a particular objective and display metrics targeted for a single point of view.
It gives instant insight into individual, departmental, or enterprise performance. By delivering key metrics in a highly graphical visual interface, business users have access to key information required to understand and improve organizational process and performance.
A well designed business intelligence dashboard must assist the user make sense of the business data without bothering where the data resides. It should ensure that the database provide actionable content that contributes to fast, reliable business decisions. For example, the sales performance dashboard must be capable to display sales KPIs and lets you drill down into data for in-depth sales performance analysis. Similarly the financial performance dashboard emphasizes operations analysis, and tracks KPIs such as earnings before interest, taxes, depreciation and amortization (EBITDA) by Department and per Employee. Visualizations consist of different charts, gauges, and scorecards.
Features of a Business Intelligence Dashboard
One of the essential feature of a business intelligence dashboard should be customizable interface and the ability to pull real-time data from multiple sources.
Oracle and Microsoft are among the vendors of business intelligence dashboards. BI dashboards can also be created through other business applications, such as Excel. Business intelligence dashboards are sometimes referred to as enterprise dashboards.
The business intelligence dashboard is often confused with the performance scorecard. The main difference between the two, traditionally, is that a business intelligence dashboard, like the dashboard of a car, indicates the status at a specific point in time. A scorecard, on the other hand, displays progress over time towards specific goals. Dashboard and scorecard designs are increasingly converging. For example, some commercial dashboard products also include the ability to track progress towards a goal. A product combining elements of both dashboards and scorecards is sometimes referred to as a scoreboard.
A business intelligence dashboard capabilities allow any user to access, interact and personalize content in a way that supports the unique way they make decisions. Secure access to information from all time horizons including Business Intelligence, Real-time Monitoring, SPSS and Cognos TM1 means that users can quickly move from insight to action.
Capabilites of a Business Intelligence Dashboard
The capabilities of a Business Intelligence Dashboard allow you to :
- Assemble and personalize dashboard views to support individual decision-making styles.
- Leverage information from all time horizons, past, present and future, for a complete view of the business.
- Make dashboards portable to support decisions where and when they need to be made.
- Analyze and share – View, interact with and analyze the result set, and share the results to follow a train of thought and generate a unique perspective around information.
- Assemble and format – Drag-and-drop trusted content (BI, TM1, RTM, Metric Studio, and PowerPlay), filters, and other content (RSS, HTML, text, and images).
- Modify and arrange layout, add colors and text, add comments, and personalize widgets.
- Interact and analyze – Change display, add calculations, filter/prompt, drill up/down, and sort data and seamlessly move to Business Insight Advanced for additional analysis.
- Share and collaborate – Consume, share, and distribute dashboard objects, and integrate with Lotus Connections.