Discovering the Better Way to Do Things!
It was not a long time ago when people used to talk about the never-ending technological innovation, and how it will take over the world. Is that time already here…? Indeed it is!
Today, people are intertwined in a web of tech gadgets and associated experiences that create a virtual world around them. It is almost impossible to break away and lead a normal, tech-free life. Well, if this is not enough, business intelligence is another concept that has been around for a long time but has not been adopted as widely as it should have been. However, companies are increasingly moving towards a more automated work system, and therefore business intelligence adoption is on the rise.
Why Did The Old Practices Fade Away?
One reason for the fading away of old practices is the acceptability of technology in society. As people are becoming more tech-savvy and using cell phones (smartphones), tablets, the internet, and other gadgets for their day-to-day activities/tasks, they are finding it easier to co-exist. Moreover, the automation in work processes has resulted in work being done faster and more effectively.
The older practices where people had to collect data from different secondary sources, map out all the possibilities with different variables and develop new relationships, and graphs was never an easy task. It required spending long hours as well as critical thinking, which was not natural to employees but forced due to increased pressure for better outcomes and a competitive edge in the market.
Business Intelligence Adoption – What Has It Made Possible For Humankind?
Business intelligence (BI) has not only changed the way businesses used to work but also made it possible to reduce downtime and improve decision-making. As per the definition, “Business Intelligence” is a tech-driven process for analysis and presentation of data into actionable information to help senior-level executives of SMBs and corporates make informed decisions.
Business intelligence offers companies the unique opportunity to dig deep into the market for uncommon relationships and strategies that could lead to a steep curve in growth. Business intelligence adoption has streamlined the workflow by making it possible for every employee in the organization to contribute to the decision-making instead of blindly working on a project and never knowing its purpose. As business is increasingly shedding their rigid structures and promoting a collaborative environment, employees are playing a vital role in the growth and profitability of a company by using variables, query and visuals to present a feasibility report for future progress.
Other benefits of business intelligence adoption include:
- Information Integration (Cloud Integration as well)
- Speedy Answers
- Sales Personalization
- Promoting Real-time Decision Making
- Unique Data Visualizations
- Everyman Analysis (for any capacity)
- Mobile BI
- Customized Apps with BI for Increased Accessibility and Efficiency
What Is The Cost Like?
Business Intelligence adoption is no ordinary software that you will be able to buy cheap, off the shelf. Although the tech market offers several off-the-shelf BI products and software, it is better to:
- Conduct your full research
- Analyze your need for BI
- See which product suits you best
- Talk with the vendor over the phone or arrange a meeting
- Discuss the implementation and the costs
- Discuss system integration
- Negotiate maintenance and support costs
- Make your decision about the BI vendor/software.
The Future in Business Intelligence
Although business intelligence can be referred to as a window opening into the future, Cloud integration has made it more accessible and cost-effective (it has its challenges as well) for companies. However, the future promises more since continuously evolving business intelligence is also bringing the concept of artificial intelligence that may just change the workplace dynamics forever. Therefore, business intelligence adoption will help you prepare for the future if you are still to shed the 90’s image.
What Should Be Your Next Move?
Exist Management LLC (ExistBI) is a certified and leading business intelligence systems development, IT solutions, and training provider around the globe. Exist Management LLC has brought together the business and IT industry by providing impeccable products and solutions designed to enhance the decision-making processes and improve the overall experience of doing business in this modern, technology-driven world.
They understand the importance of data to a business. It offers top-notch SAP BI, Informatica, and other Business Intelligence adoption services to help your business grow to extreme heights without taking unexpected (wrong) turns. With ExistBI, you can learn any business intelligence system software through experienced and certified software company professionals and representatives.
Now you can conduct your day-to-day operations with more confidence. For more information, visit www.existbi.com. You can also contact us on +1 866 965 6332 (Canada / US) or +44 (0) 207 554 8568 (UK / Europe).
