Why You Need a Business Intelligence Strategy – Let’s Find Out

If you fail to prepare, it’s almost certain you’re preparing to fail. In other words if you don’t have an effective business intelligence strategy in place the growth of your business is going to come to a standstill. What is actually needed is planning a strategy regarding how you will be deploying your business intelligence. If you want that your company must grow then start paying attention to business intelligence strategy.

Why Business Intelligence Strategy Is Important

Experts say that there are three basic reasons why having a successful BI strategy is important.

It makes the selection process effortless

Devising a strategy prior to implementing or even picking a BI system enables companies to procure a system that measures up to their requirements perfectly.

BI experts recommend that companies need to begin with three business problems that they are looking to solve. After that they need to lay hold of a business intelligence plan that enables them to pull together those data points in one place. You’ll be wasting your time if you start scouting for business intelligence systems without determining your actual requirements.

Ensure your business intelligence strategy fulfills the user’s needs

If you don’t have a BI strategy you’ll not be able to discern exactly what users need. However, if user’s needs are not fulfilled, then the strategy will not be implemented. If that happens it will give rise to other problems.

Since the business will not be put to use you’ll end up wasting money and resources. Furthermore, the employees who were looking forward to using the system but do not, because it doesn’t fulfill their needs, will be left demotivated. That in turn will decrease their productivity.

The decision making process must be as smooth as possible with a business intelligence strategy

Mainly the motive behind implementing BI systems is to quicken decision making. Therefore, you need to create strategies with that goal in mind.

There’s a possibility that the decision making process will get delayed if you don’t have in place a sound BI strategy. In short, you will not be able to make full use of the BI system. In other words the kind of return on investment you were expecting of the BI system will not come.

So if you want that your selected BI system doesn’t fail you need to first create a business intelligence strategy. In order to make your BI system successful you need to have the right BI strategy.

Increase Efficiency in Your Business with Arcplan Reporting

For any modern day Business Intelligence tools are no longer optional. Irrespective of the size of your organization and the scale of business you need to adopt a good BI tool that allows you to make meaningful information out of raw data. While traditionally most businesses would rely on Excel for decision making it has its limitations and doesn’t offer you the insights you need in a fast changing business environment. If you are making the transition from Excel to BI tools, Arcplan would be your perfect choice. Arcplan reporting has helped businesses in improving their efficiency which has translated into improved bottom lines. Let us offer you some insights into the benefits of adopting Arcplan as your BI software.

Standardises Reporting     
Clear communication ensures quick and correct decisions. One of the key ingredients of clear communication is standardised reports. Using Arcplan you would be able to standardise all your reports that are shared with employees, clients and interested investors. Easy understanding of the reports expedites decision making and improves your efficiency.

Mobile Reporting
Mobile applications for Android and iOS allow users to access the reports 24/7. Apart from allowing you to create and view reports these apps also offer direct access to the database. The entire solution can be customized and is easily portable between smartphones, desktops and laptops.

Easy Learning Curve
Many businesses are apprehensive of making a switch to BI tools fearing the steep learning curve. Arcplan has been developed with the core aim of being an easy to use BI tool. It allows users to create reports bringing in information from multiple sources.

Multiple Data Sources
One of the key benefits of Arcplan report comes from the fact that it can access information from multiple data sources that include OLAP, ERP Tools and Relational Databases. The write-back feature comes standard with the software making in at app that not only monitors the activity but allows you to take action.

The possibilities with Arcplan are limitless and it all depends on the way you put this awesome BI software to use to streamline your operations and increase profits.

Business Intelligence Sydney – 3 Things Your BI Tool Must Have

Business Intelligence is a vast territory in simple words if is often defined as the process of generating information from raw business data. BI tools helps businesses make meaning out of their data which helps in informed decision making. This information can be applied to various fields of business including manufacturing, product and service sales, HR functions, management to name a few. Naturally it is important for you to select the right tools that address all the niche concerns of your business. Here are three features that are a must in the tool that you would use for Business Intelligence in Sydney.

1. Ranking Report – This is one of the most important features of any BI tool. It allows you to separate the performing from the non-performing. Whether you want to take a look at the sales trends, your top customers, best performing executives or anything else ranking reports allow you to get facts and figures in front of your eyes. This ranking report allows you to easily identify the opportunities and exploit them to your advantage. Conversely you would also be able to pinpoint on your shortcoming and take corrective actions.

2. OLAP – OLAP or Online Analytical Processing allows users to easily and selectively extract and look at data from different points of view. This feature would help you analyse the raw data, make comparisons between different elements and discover trends in your sales and marketing. This feature allows you to consolidate data from different sources which when accumulated and computed can be analysed from one or more dimension.

3. Mobile Integration – Smart-phones and tablets have changed the way we do business. Today you are able to access all your spread sheets, PDF and other documents on your mobile device. Your Business Intelligence tool should offer you the same advantage. This allows you to access key business data in real-time from anywhere in the world.

Business Intelligence in Australia is a big industry and there are hundreds of tools and software that are available in the market. These three features sit at the core and offer competitive edge to your business.

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