One of the biggest powers of business intelligence is that it doesn't have to lay in the hands of management. Empowering all employees across the organization with access to business intelligence can assist greatly by creating transparency and an understanding of what's working and what isn't. Democratizing your data and enlightening the workforce can greatly enhance business operations. The article below by Kevin Beasley from CIO.com discusses this further
By enabling Business Intelligence (BI) access to those outside of IT and making it readily available to all, companies have started a veritable data revolution in the best possible sense of the term. BI has become democratized and available to all end users – instead of just a small handful of financial department staffers already well-versed in analytics. This is a tremendous breakthrough because now everyone has easy access to the data required to perform their particular job function – and they don’t have to necessarily acquire new skills to get that data. A production manager or warehouse manager can now easily access real-time data and determine how to best leverage it with only minimal training to do so.
But this isn’t the only benefit of all-access BI and analytics. Today’s modern enterprise systems can capture enormous amounts of data – even a larger and wider variety of data - based on applications and modules. However, with that, the data has to have some level of meaning or else it is rendered useless. Reporting capabilities and systems can do that on their own.
Fortunately, most business reporting tools can interpret the meaning of all of these new volumes and varieties of data. They can also look across different organizations and departments within the enterprise to see how the data impacts one department and how it will impact another one. With these new tools in place, organizations can do and share so much more – and see what the real meaning of the data actually is, from historical look-backs to purchasing habits and forecasting impacting payables, etc. This is where the real value from the data comes in.
In the past, access to BI was limited to the “Big Guys” only – just a precious few within the Fortune 1000. But today, BI is available to all, from the largest to the smallest organizations with access to the statistics that BI traditionally has offered. This is good news for small-and-medium-sized businesses that want to compete globally against larger organizations with deeper pockets.
What can BI do for your organization? The answer is: a lot. First, BI takes the risk out of daily business life and keeps your teams better informed. Access to proven data will help your organization take more intelligent risks that really pay off. BI can also help your organization “see the future.”. You can better predict where your business is going and where it needs to be – and make the right decisions while navigating the correct path to that destination.
Given the capabilities and power of BI, it has emerged as the “must-have” tool for customers of all sizes. It is rapidly becoming a desired staple of every enterprise software suite because it has the ability to truly transform organizations for the better, with minimal effort.
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