Sometimes, the strategy that works for everyone is not the one that will work for you. If you have ever studied marketing, you must have heard about the production concept where the aim of the producer is just to produce and deliver to the market without considering specific customer needs.
Well… Times have changed and the production concept does not work anymore, and therefore the strategy has also become outdated. If you are going for Cognos training for your workforce but are not sure about what key factors you need to look for, this article will guide you through to success.
Cognos Training – Satisfying Your Need for Quick and Interactive Solutions
Often, you may have heard business intelligence is defined as “mission-critical”. This is because senior management is under constant pressure to understand and react to information quickly. Moreover, the volume and complexities of data along with their multiple sources make it almost impossible to categorize, interpret and extract meaningful and relevant information.
To solve these problems, the 2nd century has brought about a technological evolution where every business can implement data ETL (Extract, transform, and Load) and business intelligence (BI) tools and get to the decision making part of the process without devoting the majority of their time in searching heaps of data filed in a cabinet. Cognos training will not only help you and your workforce realize the need for Cognos but also highlight the tasks that will become quick, easy, and efficient to perform. These include:
- Query and Reporting
- Analysis
- Scorecarding
- Dashboarding
- Rich BI (Mobile Applications)
- Disconnected BI (IBM Cognos Active Report)
- Statistics
- Real-time Monitoring
- Drill-down and Exception Management
- Business-defined Alerts
- Simplified Administration
- Robust Self-service Analysis, Query and Reporting
- Centralized Security
- Collaboration
- Planning and Budgets
The Right Strategy for BI
You need to play your cards right!
According to Gartner, Inc., a defective strategy or not having one at all is one of the fatal flaws when it comes to a business intelligence project’s implementation. As with any other goal of a business, a good BI strategy can help maximize ROI (Return on Investment). Therefore, before you jump right into it and hire a professional for Cognos training, in a bid to streamline your office tasks, you need to understand the following:
The Potential of a BI System
Not every BI system can satisfy your needs. Lack of consultation makes the choice hard since the companies either go for the cheapest solution, one with the most features, or the most expensive one, which entails that it will be more efficient and cost-effective in the long term, which is not the case.
Strategic Advice
If you have chosen the vendor for this, you may be taking the wrong step since the vendor might have a conflict of interest, therefore it may be willing to sell you anything just to increase sales.
Continuing Your Methods of Work
Remember! A successful BI implementation requires change, at least to a certain extent, so that you can fully utilize the benefits from it, and measure its outcomes against its costs, fairly.
Working as a Hot-air Balloon
Sometimes, budgets are a problem, and when this happens, management starts to throw things out i.e. reduce the burden which makes the BI less effective. Unless a carefully formulated plan is in place, like splitting a project between BI and the traditional system to manage costs, you are failing to maximize your returns.
Information Silos
If a good strategic plan is in place, there will be no information silo i.e. your computer systems in the network will be able to communicate freely, and any problems within the network will be identifiable. Creating and maintaining a data warehouse is normally the solution.
Ongoing Development of your BI System
For a BI system to work effectively, continuous up-gradation is necessary after review. With every enhancement in the system, new metrics and key performance indicators need to be discovered, added to a data warehouse, and made accessible to the management.
ExistBI is the certified and leading IBM Cognos training provider around the globe. ExistBI 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 Cognos training and consulting to help your business grow to extreme heights without taking unexpected (wrong) turns. They do this through experienced and certified software company professionals and representatives.
ExistBI’s Cognos training professionals offer the following training classes:
- IBM Cognos Training – Beginners Path (Different Modules)
- IBM Cognos Training – Advanced Path (Different Modules)
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).
