Dashboards


WHAT COULD GO WRONG WHEN YOU INVEST IN BUSINESS INTELLIGENCE?

The implementation of Business Intelligence by a company is one that is exciting and difficult. It must be approached with utmost care and given the highest possible consideration. A lot can go wrong but to understand BI implementation here are the steps taken to integrate a BI system, which may vary depending on the needs of the clients, but the main parameters that are common across the board are: Analytics requirements This determines the needs for the BI system to be implemented. The tools and services which are necessary to achieve the......

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Excel is the most commonly used tool for data manipulation and analysis.You will find that most companies are unwilling to incorporate Business Intelligence because they already have Office Suite. Excel comes as “free” and most office managers wouldn’t want to invest in a service which they seem to already have. However, relying solely on Excel presents the following set of problems: • Strategic decision making isn’t supported. • Excel proficiency is needed and the average business owner may be lacking in it. • Spreadsheets are latent and may lack in accuracy. Thankfully......

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The disciplines of big data and analytics are evolving so quickly that businesses should invest in them. Business Intelligence is expected to perform well operationally, meet governance standards, and fulfill promises of business value to the company. These trends have driven the migration of companies into big data and analytics and also brought changes to the analytics industry itself. Below are 8 trends observed in the period of 2015- 2017: Self-service analytics Gartner describes self-service analytics as: “Self-Service Analytics is a form of business intelligence (BI) in which line-of-business professionals are enabled......

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Power BI is a suite of business analytics tools that deliver insights throughout your organization. Its main selling points are integrated data sources, simplified data preparation and driving ad hoc analysis. Power BI has a dynamic graphics display, customizable dashboards that offer an all-round view of your business. It is a leader in the Magic Quadrant for Business Intelligence and Analytics Platforms. Ease of Use Power BI can be used for multi-level clients. Different roles can utilize the suite. From users, administrators, sponsors, consultants, agents and analysts. It is easy to use......

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Tableau is a business intelligence software solutions company that helps organizations see and understand their data- a highly valuable resource. Tableau provides business intelligence solutions from analyzing of business data. The software’s main objective is to ensure that clients gain the most insight from their business data. Tableau software solutions are meant to make data analytics more presentable, faster and easier. It offers real-time, up-to-date dashboards with data pertaining to all business areas and performance metrics. Tableau’s key selling points include attractive visualization tools and instant access to company-wide data via customized......

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Business Intelligence is an umbrella term that refers to the best practices done when collecting, analysing, disseminating and representing data. BI can be harnessed to ensure banks and their clients are laughing all the way to the, well, bank. But how? How can analysing business data do that? What is it about integrating BI into bank operations ensure absolute institution and customer satisfaction? What exactly is the role of BI in banking? The main roles of BI in banking are as follows: Monitoring cash flow Data about the movement of the money......

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Sample CEO Dashboard. Source: https://www.informationbuilders.com/ Dashboards and Scorecards are common tools used in business intelligence for supporting performance management. They are usually used for similar purposes and can be used at the same time but their functionalities differ. When choosing a dashboard or scorecard, one should consider the purpose of use, types of data to be monitored, and the focus on long term goals and strategy versus immediate goals. Use of visualization and key metrics in both tools are common thus confusing some people on their similarities. A data dashboard is an information management tool......

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    The Pathways International Maturity model.       The Pathways business intelligence maturity model is a tool that we use to establish the technical, business processes and reporting level of an organization for us to be able to determine the best business intelligence processes and tools that fit.     The 7-step model uses a bottom up approach in identification of the levels and maturity of the business intelligence process for an organization.   1. Level 0:   Everything at this stage is manual. The business processes are manual, information......

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