Why BI Tools

Why Business Intelligence and Analytics tools?

Over the years an organisation gathers wealth of information that can help in making better strategies and take decisions.

For this, companies need to:

• Organise this Voluminous Data from Different Sources in Real-Time

• Analyse the data • Ensure the information is sent to the Right People

at the Right Time • Generate Insights and check for Exceptional

Behaviour • Predict & Forecast• Generate Alerts at regular intervals and • Produce Recommendations for action

Without doing this, it is like

Driving your car with your dashboard gauges informing you of last month’s speed, fuel level, temperature, oil pressure, RPMs, etc.

or Timing your cookies with a smoke alarm.

It’s a lagging indicator, informing us where we have been and not where we are going.

More Data means More Criteria and a Greater Desire for Perfect Decision leading to Slow Decision Making.

Business Managers responded to a recent survey as follows....

75% - would like to build their own dashboards if they had the tools to do so.73% - don’t have enough time or it is too hard to build their own dashboards.76% - could be more effective if they could create their own dashboards.60% - said it takes more than 3 weeks to get edited or new dashboards from their IT team.78% - have data that they would like to visualise, but don't have it on their dashboards.78% - want their dashboards via mobile.

How do most companies fare in Data Analytics?

In these difficult times, organisations need to take Well-Informed and Timely Decisions to keep up with the Changing Business Environment.

Types of decision making or analytics to be done:

• Strategic

• Tactical / Planning

• Operational / Procedural

• Transactional/Technical

• Identification of the purpose of the decision• Information gathering• Set up principles for judging the alternatives• Brainstorm and analyse the different choices• Evaluation of alternatives• Select the best alternative• Execute the decision• Evaluate the results

8 Steps in a Decision Making Process

A Good Business Intelligence / Analytics tool can help you in 5 (marked in GREEN) out of the 8 steps in a decision making process.

Visual Data tools Speed up the Time for Insight through the use of Visualisations.

“A Dashboard is a Visual Display of the most important information on a single screen so the information may be monitored at a glance” …..Stephen Few, Visualisation Expert.

Other Benefits of Business Intelligence or Analytics:

• Save time in decision making• Spot Opportunities / Threats• Single version of data you can trust• Schedule & Automate information• Drill & Investigate data, Audit trail.

As per published reports, organisations that use Business Intelligence / Analytics tools across the complete enterprise enjoy.

• 1.6 times more revenue, • 2 times more profit growth, • 2.5 times more stock price appreciation and • 2.2 times more likely to outperform their

industry peers.

Your GoalsYour Data

Business Intelligence / Analytics Tool

Business Intelligence / Analytics tool is a bridge between Your Data & Your Goals

Such tools support Business Agility and Self Service Business Intelligence / Analytics through a variety of innovations like data collection from multiple data sources, real time updating of data, mobile exploration of dashboards, Web enabled with real time updating and exploring of data, etc…..

So, does your company have the capability to take on the Variety & Volume of data generated in your company and the Velocity required for analysing it?

We take this opportunity to introduce our following applications to automate and take care of all your Business Intelligence / Analytics needs:

DataCubeAn excellent, versatile and easy to use, Business Intelligence / Analytics and decision making tool that will help you make prompt & correct decisions. It offers Variety, Volume, Velocity and all that has been discussed before.

HoneyCombA totally new concept in automation and event-driven computing. It Delivers the Right Information to the Right Consumer in the Right Granularity at the Right Time, in other words a Personalised Information Delivery.

Thank You

Honeybee Computers