Today’s enterprise generates torrents of information. You have two choices: to ignore the data or to embrace it. It’s no secret what smart organizations are doing.
Self-service data analytics and BI leads to a number of improved outcomes, including enhanced collaboration and better business decisions. Moreover, these two technologies have become more cost-effective in recent years, making them more accessible than ever before.
Self-Service Analytics and BI for Greater Collaboration
At many firms, data sits in silos. Leaders know that the company could derive enormous value from that information, but they don’t always use it in the most effective manner.
Today’s self-service data analytics and BI software enable them to unlock those silos. Additionally, those technologies lead to enhanced collaboration between teams, and that collaboration can drive greater agility and efficiency.
Let’s say that the human resources department wants to get a better sense of how employees across the company are using the resources it posts on the organization’s intranet. With advanced data analytics, they’re just a few clicks away from discovering what employees find useful and what they don’t.
Better Business Decisions, Thanks to Self-Service Analytics and BI
The information that’s trapped in those silos could also be used to make better business decisions. Fortunately, today’s self-service analytics and BI can unlock it.
What kind of better business decisions could be reached? We’ll illustrate with an example. Your company manufactures children’s clothing, and you want to understand what lines are hot sellers and which could be discontinued without too much of a hassle.
You open up the self-service analytics software and learn that a particular model of girls’ dresses just doesn’t seem to be selling as well as it used to. On the other hand, one of the outfits for boys is performing quite well.
Thanks to data analytics, you now know that you can discontinue one product line while ramping up the production of another. This decision saves you from wasting money on a product that isn’t selling and will earn you more money by delivering a product customers actually want.
Self-Service Analytics and BI: More Cost-Effective and Accessible Than Ever Before
One of the issues that have held companies back from deploying data analytics and BI solutions is that they weren’t cost-effective. Not only was the software itself a significant investment, the IT department had to be heavily involved in implementing them and then fulfilling requests for data.
That’s no longer the case. Advanced data analytics and BI are available on a self-serve basis. The cost of the software is lower, and the IT department’s involvement is minimal. You no longer have to dream about how your team could collaborate better or how you could make the best decisions for your firm based on data. An affordable solution is waiting for you.
When you use the right information at the right time, the results are amazing. To learn more about how self-service analytics and BI could benefit your company, contact us.
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