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TRG in the Board Room Blog

From good to great: 5 ways to improve your BI solutions (part 2)

Posted by Tien Tran on

Operating in a continuous developing business world, companies need to do everything to maintain their competitive advantages, enhance performance as well as improve their reputation and position in the market. In our previous post on ways to improve your BI solutions, we discussed 3 among 5 ways to improve organisation’s BI solution. The remaining ways are to manage big data effectively and integrate your BI solution with your existing system to achieve best business results.

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Wrangle big data

Big data is the term for a collection of data set that is too complex and large to be handled and processed using any simple database management tools or traditional data applications.. However, big data helps organisations to:

-          Find intelligence in the outliers that aggregated data loss

-          Understand customer behaviours with new sources of data like sensors and web analytics

-          Work with all data on-hand, rather than reduce it which might prevent them from asking new questions in the futures

But, big data, if not managed and organised carefully, may worsen the business process. For example users are not able to access all the data they need in a on time, and in turn decrease productivity. Therefore, businesses need the BI tools that give them the ability to work with big data like normal data, allow them to ask and answer any immediate and even “big” questions by directly querying big data sources, fast in-memory extracts and intelligent filtering.

Integrate with your existing systems

Some traditional BI solutions require great changes in the organisation’s existing systems, and sometimes companies have to spend a large amount of money in custom development and integration to make the systems works well together. This is of course not very preferable for businesses. Therefore organisations need to implement a less drastic BI solution.

A good BI platform should be friendly and can play well with your existing security and data architecture by enabling you to:

-          Easily work with current security system, like Active Directory

-          Choose between querying live or in-memory data

-          Manage metadata based on any kind of business model

-          Share data connections and dashboard easily within the organisation

-          Work and share information on multiple devices

Henceforth, organisations can make strategic decisions on time, come up with the best business model and shorten ad-hoc reporting time without depending too much on IT. As a result it helps improve business performance.

Conclusion

Business intelligence helps organisations to have a clear view about their complex and large data and get insights information to make better and quicker decisions as well as pushing the business process forward. Successful organisations are going from good to great by continuously leveraging their own BI solutions to make better decisions, stay competitive and guide the business to success.

Find out more in the full report “Going from reactive to proactive: What Business Intelligence means today” and stay tuned for our next series where we will dig deeper into Data Discovery and visualisation to produce the best information for your business.

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Topics: Performance management., Enterprise Performance Management (EPM)

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 Rick Yvanovich
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