Marija Lysak, Elegant MicroWeb
More than 80% of data in organisations is held in an unstructured format such as spreadsheets, emails, documents, web sites and intranets. The huge amount of data that passes through individual companies is of limited value and is a wasted asset without a mechanism in place to capture and analyse the information.
As BI software solution providers to a number of industry sectors, Elegant Microweb UK relates to many companies who recognise the need to have readily available accurate information. By having data presented in a succinct and creative way, management are able to make informed business
BI can benefit every company by integrating the following processes:
- Plan - What do we want to achieve? Planning provides the platform to set business goals, the strategies required to achieve those goals within defined Key Performance Indicators.
- Monitor - How are we performing? Measure performance against set targets, efficiency of resources and processes.
- Analyse - Why are certain products/services performing well or not so well? Periodic analysis and updates provides an accurate picture of company performance, enabling you to easily identify critical issues or best sellers.
- Direct - What should we be doing? Exceptional reporting mechanisms and alerts provide information to keep on track or take direct action.
- Improve - How can we do it better? Optimise resources to maximise your business performance.
A
well managed BI environment needn't be expensive and within a short
period of time will provide an excellent return on investment providing
the use and implementation is well managed.
Many smaller
companies are often without a dedicated IT Manager so it becomes even
more essential to have a solution that is simple to use even for non IT
users. There are a number of features that are worth considering when
making an investment in a Business Intelligence solution.
Simple:
A browser based, intuitive product is ideal as it will require little
ongoing IT support and training, saving you time and money in the long
run.
Practical: A good BI solution needs to be practical
to use. With a solution such as Elegant JBI it's built with flexibility
in mind ensuring it works alongside existing systems without the need
for unnecessary disruption. Managers quite often need to display
information visually in a graph, chart or report format in readiness
for meetings and even presentations to their clients so having this
available at the touch of a button becomes invaluable.
Affordable: With
ever decreasing budgets every business is looking for competitive
pricing without compromising on quality both with the initial
investment and the ongoing maintenance and support. A web based product
such as Elegant JBI has a Short implementation cycle, weeks rather than
months which accelerates your return on investment.
Even
within small firms there is a need for information and reporting
mechanisms to be cohesive and uniform in presentation. It could be you
work from a branch office or have other overseas offices, here the need
to access and present information in a consistent way is essential for
good communication throughout all sections of the business.
The
majority of data held within a company is confidential information
particularly if it relates to revenue targets, cash flow or personnel
records. This is where a security facility becomes essential, enabling
you to authorise who can access particular information whether it be a
particular group or individual by a simple integrated ‘tick box'
facility.
A Business Intelligence solution that provides
all of these essential functions stands a company in good stead for
effective strategic planning and performance management taking them
from strength to strength.
For more information please visit www.elegantmicroweb.co.uk
- Login or register to post comments
- Printer friendly version
Post Date: April 22nd, 2010