Business Analytics enables organizations to discover insights using tools and techniques that cover Data Warehousing, Business Intelligence, enterprise information management through enterprise systems (including ERP and CRM), and Analytics applications. BI technologies are capable of handling large amounts of structured and unstructured data. Analytics can help identify, develop and otherwise create new strategic business opportunities.As business and consumer technology develop and the number of interactions and transactions increase, the amount of data and potential intelligence is growing. Without business intelligence and reporting software, this data has the potential to overwhelm rather than empower businesses. BI and analysis technology can automate repetitive and time consuming tasks – freeing up time for all staff members and also provide accurate and real-time reporting for management; allowing for confident decision making.
Giving financial controllers complete visibility, detailed analytics and enhancing productivity. With the ability to schedule reporting, business intelligence tools can provide deep analysis into sales, inventory, accounts payable, accounts receivable, purchasing, general ledger and more.Over the last couple of years we have seen a change in the way technology has addressed BI, artificial intelligence and machine learning. Previously seen as experimental or theoretical territory in the world of sci-fi, they started to emerge into the sphere of enterprise and industry, albeit as a separate piece of technology. Microsoft are driving the concept of “modern BI” within our day-to-day business applications so that organisations are not investing in or deploying BI as a separate IT.
Business Intelligence applications can be:
- Mission-critical and integral to an enterprise's operations, or occasional to meet a special requirement
- Enterprise-wide, or local to one division, department, or project
The success of any BI initiative critically depends on the ability of the solution to trigger strategic and operational actions to improve business performance. Strategy, technology and tool selection, solution design and implementation are therefore as important as understanding the business challenges and the business KPI.
Futre helps you succeed with your BI initiatives by working with you to evolve the following:
- Reporting Needs – moving from a reactive to planned & active reporting
- Underlying data needs & source systems
- Data Analytics to analyze and predict trends and aid in business decision making.