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5 Reasons to invest in an agile BI solution

5 Reasons to invest in an agile BI solution

Tuesday 05 May 2015
Author: James D - BI Consultant

If you can identify with one or more of the five issues described, it’s time to review your analytics and reporting systems. You may already be missing huge business opportunities due to poor data visualisation and analysis.

1) You spend too much time putting reports together

Is there anything more tedious than spending hours on end consolidating multiple data sources into a single Excel spread sheet? Your time is valuable: you should spend it planning strategy and taking steps to achieve your business goals.

A well-configured, self-service Business Intelligence solution could automatically merge multiple data sources, allowing you to gain immediate visibility with clean, modern dashboards. And, once your key performance indicators have been set, you can simply export reports whenever they’re needed. Or, even better, schedule different alerts and reports to be sent out to relevant staff automatically, as often as your business requires.

2) Your IT department needs to help you access key data

In your company, the IT department that have access to your data analysis tools, and you have to make requests to obtain the information relevant to you. You waste time waiting for data when you could be visualising and analysing data.

An easy-to-use Business Intelligence solution enables users to pull out the data they need quickly and without fuss, allowing them to focus on what really matters: analysing it!

3) In meetings, key business figures are often disputed

With everyone continually using and editing Excel sheets independently, numbers will inevitably diverge between departments and teams. As a result, colleagues no longer agree on figures and predicted results. Precious time is wasted reviewing these mismatching figures and trying to reach a consensus.

Some BI solutions enable dashboards displaying key performance indicators to be shared across teams and departments.

To check the numbers, just log on. And, what’s more, everyone’s (literally!) on the same page and up-to-date.

If ever there are queries, some solutions also offer comment and chat functionalities. Discussions can happen with the data in question right there for ease of reference.

4) Performance analysis takes too long, so when it arrives it’s of little use

Nowadays, it’s no secret that access to real-time performance data is crucial to being able to respond to business needs effectively.

However, by the time performance reports are ready, your campaign or activity has long since finished.

An agile Business Intelligence solution can allow you to view your performance and your objectives in real-time, so that you can take appropriate action if an opportunity, or a threat, arises.

By identifying issues early on, you are more likely to succeed in dealing with it and achieving, or even exceeding, your objectives.

5) You don't understand the BI solution you’ve got and are still using Excel

 You’ve got a Business Intelligence solution in your company, but only people with technical skills use it because it is too complex.

So, you gave up long ago and continue to use Excel. The so-called "new generation" Business Intelligence solutions may be the answer to your problems. They have been designed with ease-of-use as a founding principle – meaning that anyone, with or without technical skills, can utilise them straight away, allowing people from various business units to create dashboards and analyse performance.

 

 

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