The Business Intelligence and Analytics market has undergone dramatic changes in recent years. The most recognisable one is the shift to self-service solutions, i.e. those capable of empowering ordinary business users to understand data and turn it into insights with little technical skills required.
Topics: Business Intelligence
The adoption of Financial Shared Services Centre has revolutionised the strategic roles of the finance function in global corporations by delivering more added value to other functions and processes via their analytics and decision-making capabilities. Such centres have evolved to not only focus on traditional tasks, such as costs reduction but also enhance organisations’ effectiveness and efficiency in many ways.
The importance of revenue optimisation or revenue management in the hotel industry cannot be overstated due to its critical importance to the Hotel bottom line. Basically, revenue optimisation is being able to sell the right room to the right guest, at the right price and at the right time. It requires plenty of actionable information in a timely manner, which is so often unattainable.
A global survey by EY, which gathered data from 1,000 finance executives in businesses with revenue greater than US$500 million, finds that the level of CFO’s confidence in their corporate reporting is significantly lower than last year.
The real estate industry, for the most part, has not been well known for being technology intensive. This nature may soon disappear, however. Data analytics is transforming how real estate companies, customers, and financial institutions do business in this industry.
"Changes start from knowing what you are actually doing"
Manufacturing industry is exposing to the volatile and fragmented business environment than ever. To change or to die is the only option that they can do. But where to start and how to do it? From our point of view it should start with the acknowledgement of operation processes of both internal and external environments. This post will shed some light on new challenges to manufacturing industry and solutions that BI can help to resolve it.
Much is written about the significance of metrics on tracking the execution of strategy and operational effectiveness. However, many executives find the plethora of metrics to be overwhelming and costly to track. “What key metrics should I track and why?” is one of the commonly asked questions. Although there is no such easy answer to this issue, the principle of “less is more” usually holds true.
Being able to utilise timely data to make game-changing decisions is what companies hope to achieve. That is why they look to implementing Business insights tools and a sound BI strategy. The success of an operational BI platform depends on a combination of specific capabilities and technology enablers (Aberdeen, 2010). In this blog, we will go over the first 3 factors: process, organisation and knowledge management.
Business Intelligence (BI) is not just a trend that is attracting attention of various organisations around the world. It is about the best practices of using information in managing and optimising business performance in order to maximise profitability and help companies remain viable in the competitive business environment. This article will give readers a general idea of what BI is.
Topics: Business Intelligence