You hear it all the time here too: Data and its analysis are the be-all and end-all for every important decision in a company. This in turn requires good software. The great success of systems that enable data management and simple analyses shows that we are not alone in this opinion. Business Intelligence, or "BI" for short, is the name of this trend and we will show you how you can join in.
Why should you believe the analysis of business intelligence systems?
People usually think linearly when making forecasts. BI software includes a wide variety of factors in its analyses. This means that not just two or three parameters have an influence, but a combination of many different ones. These results create the basis for well-founded decisions that can not only represent the current state of your company, but also work towards the future.
Become transparent through Business Intelligence:
It is easy to lose sight of the big picture when it comes to data management. In the past, everyday life in companies also tended to be characterised by a small number of employees having access to small amounts of data. However, this cannot result in a standardised corporate strategy. In order to benefit from data analysis, it must be accessible. Transparency is therefore the keyword. BI systems make it possible.
Experts forget:
Business data, analyses - all far too complicated for you? That used to be the case. Today, you no longer need expertise in database management. BI software creates the conditions for every employee to easily create individual analyses. ERP systems are similarly well structured in this respect.
Submit analyses:
An important consequence of the new accessibility of data and the ability to analyse it at all levels is the shift to these levels. Instead of just at the top, analyses can now be carried out where they are needed and properly understood.
Plan democratically:
Analyses at various points are of course no easy task for corporate policy. However, with a little foresight, the company can benefit from them. Of course, the analyses will bring different results to light. However, if these are confronted, a middle way can emerge that will benefit corporate planning.
Integrate all:
However, one thing is needed to make this possible: a standardised database. The systems that you use for administration and analysis should therefore access a database. In any case, the following should be connected ERP, CRM, the accounting and the PPS- be system.
And outsource everything:
integrations of this size require a different volume of computing power. Added to this is the amount of data that is processed and then saved again. In addition to sufficient storage capacity, you need a network that can keep up. In this case, outsourcing is almost always the safest option. A cloud solution should also be considered here.
Have access:
The logical conclusion from outsourcing is access from anywhere. Modern ERP systems are on the way to designing tools in such a way that the software can be easily operated from any end device.
Making data usable with Business Intelligence:
To the topic usability to remain. The applications can only be used by their users if the data is prepared in such a way that it can be understood by everyone. Today's good BI applications, as well as some ERP systems, recognise data series automatically and create the pre-configured graphical representation as the user needs it.
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