Why Should You Care About BI?
Results of a survey recently published, 2010 Routes to SMB market research
, reveal some interesting trends about how SMEs discover, learn, evaluate and purchase technology solutions and services - including their thoughts on BI solutions. The results suggest that small and medium sized businesses consider "getting a better insight into the data they already have," as their highest priority technology. Solutions for Business Intelligence can help you solve this problem by providing tools to measure and managing organizational goals and objectives. BI can also help you to perform "what-if" analysis to evaluate the different modes of action.
Here are the top 4 challenges for each technology:
technological challenges for small business Hi:
1. Get a better overview of existing data: 35%
2. Understand how different solutions can help your business: 32%
3. The implementation of new solutions and updates: 32%
4. Integrating social media with the website, marketing tools, etc.: 24%
technological challenges of the most popular and Medium Enterprises:
1. Get a better overview of existing data: 33%
2. Understand how different solutions can help your business: 32%
3. Integrating social media with the website, marketing tools, etc.: 32%
4. The implementation of new solutions and updates: 30%
In very small businesses, spreadsheets and other ad hoc tools are often considered sufficient to complete the task. But as companies grow, the amount of data processed increases: there are new products and services, new markets and opportunities, investments, sales, marketing, among many other systems.
Consequently, more people are increasingly strung part of the data collection and analysis, and different people in the organization (marketing, human resources, finance, etc.) are needed to analyze data from different ways. Typical problems with the help of worksheets that are:
* Significant time and labor to build and maintain. Setting up a business model to scale, creating plans of organization, distribution and collection of information from different managers, the consolidation of multiple worksheets, and debugging macros and formulas broken becomes unsustainable and counterproductive.
* Collaboration and insufficient capacity for feedback.spreadsheets are partitioned office, and does not allow real-time data sharing and updating. Obtain an accurate and unified view becomes difficult.
* The errors can be common. Research shows that 20 to 40 percent of all spreadsheets contain errors, and as they become more complex, the error rate increases. Without an audit trail of changes and errors can go undetected and companies end up making decisions based on bad information.
* Inadequate analysis and reporting. The collection of information and integrate them into a single spreadsheet is a lot of hassle. The detailed information that policymakers need can be difficult to obtain or even not available.
Business Intelligence solutions to give companies a way to streamline and standardize data collection, analysis and reporting.BI solutions are built on a unified database, so that everyone involved in the process is a unique and real-time data. Many solutions based BI dashboards self-service reporting tools that make it easier and less time consuming and help manage the process.
What should you consider?
Make sure you are aware of the differences in prices from suppliers, solution capabilities and complexity. You may qualify for a departure by making a thorough assessment of your internal needs, then carefully investigate and evaluate how the different offerings are aligned with your organization's needs and limitations. You should take advantage of free trials and demonstrations to help you get a better idea of whether a specific solution to your needs. Taking more time in the first place to assess, evaluate and compare your alternatives, you'll greatly increase the chances of selecting a solution that meets but does not exceed your needs and your budget.
Why Should You Care About BI?
By: Shirley
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