Every business needs to use every tool at its disposal to ensure that it has an edge in the markets it competes in. These markets demand informed decision making that improves business processes and client satisfaction and drives exponential business growth.
In a nutshell, you need to have tools that help you understand how well the business is performing and the reasons for this, and such tools can then also empower the business to adapt and anticipate the future.
There is always the potential to develop such tools by using the raw data that is stored in every single system of the organisation and that holds an array of insights waiting to be mined.
Unfortunately this data is frequently overlooked and merely seen as a useless by-product of the operational systems and processes. Added to this is the belief that BI solutions are supposedly reserved only for large organisations, due to the time and cost of building and maintaining a data warehouse solution.
Today more than ever, BI and Data Warehousing are within the reach of small enterprises too that are looking to gain an edge in the market, or that would not like to be left behind. With the help of experts, one would be able to collate data from across all systems, mine it, and visualise it in maps and graphs that can be interacted with. Such actionable insights can then be diffused throughout the organisation and help improve business operations and efficiency.
One such tool is Microsoft Power BI, the spear tip of the Microsoft stack of tools for business intelligence, an assortment of cloud-based apps and services that help organisations collate, manage, and analyse data from a variety of sources, through a user-friendly interface.
There are unlimited scenarios in which BI can bring significant advantages. These go beyond the financial aspects one would first think of when thinking about BI, and that can affect each part of the organisation. While the list below is not exhaustive, it gives an idea of some of the potential of the unused data.
For example in Security and Compliance one may undergo a logs analysis for security, downtime reports, availability, efficiency, SLA compliance.
In Operations one could focus on optimisation KPIs, pitfalls and thriving aspects of the business, real-time decision making, planning and forecasting, operational resources allocation.
In HR, BI can help in performance indicators, organisation health, human resources allocation, hiring and turnover rates, working hours, and workforce needs.
And in Logistics, one can use BI for an improvement in the efficiency of warehousing, procurement, resources inventory and lifespan cycle and maintenance.
Cleverbit Software has the experience and expertise to assist companies of any size to capitalise on the power of BI and bring out the hidden potential of the data that all companies generate daily.