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Are your data analysis tools equipped for modern business?

Are your data analysis tools equipped for modern business?

Tuesday 07 July 2015
Author: Mark K - BI Project Manager

In this article, we look at the changing trends in data analysis and whether the average company has the tools in place to get the most from their data.

Data analysis has always been a critical issue for companies, there’s nothing new there. The term “business intelligence” emerged for the first time in 1958, and the first software tools to carry it out in the 90s. However, its use today in the modern business world has changed completely.

Changing user behaviour and technological advances have created new challenges and the need for modern BI solutions.

So where are we now?

Gartner continually highlights Business Intelligence and data analysis as top investment priorities for companies. But, while some companies have already opted for the much talked about "Big Data”, others are still using cumbersome and complex tools that no longer meet current needs.

1) Power to the people

Business Intelligence tools were once aimed solely at technical people, but now they must be made ​​available to users from all areas of the business. These users, previously accustomed to having to request monthly reports from IT departments, now need access to KPIs in real time. Access to dashboards has to be easy and quick, and, for employees regularly on the move or simply to facilitate access to the figures during meetings, those dashboards must be available on any device.

Why is this important?

Quick access to key indicators enables any decision maker to identify trends at a glance and take action almost instantly. Thus, the company improve its responsiveness

 

2) The resurgence of the "Cloud"

Today, 44% of businesses are dissatisfied with the timescales imposed by IT departments for the deployment of projects. Many of them are therefore turning to cloud applications to fulfil a variety of business needs.

Why is this important?

Choosing a cloud-based business intelligence tool enables rapid deployment and reduces the workload of the IT department. New standards help to ensure the security of your data and compliance with your company's security policy.

3) The "Big Data" twist for BI solutions

Big Data brings new perspectives to Business Intelligence solutions, not only through the volume of data to be analysed but, also, through the diversity of sources to be manipulated. Your Business Intelligence solution must be able to connect and merge multiple data sources in real time.

Why is this important?

If your company is not yet at the "Big Data" stage, it is important to remember that the volume of data will grow exponentially. Therefore, we must select tools that are able to handle large volumes in real time, without any major slowdown.

New generation Business intelligence tools can respond to these needs thanks to their agility and ease-of-use.

Do you want to try one of these new tools?

Request a Free Trial of Access Insight today and find out how it could help you unlock the potential of your data.

 

 

Try it for free - No downloads, No installation.