Business Intelligence Insights

Business intelligence can be used to measure a wide range of metrics and KPIs using data from financial, marketing, customer service, HR and operations departments. With all of this data synchronised in one report, businesses can establish stronger links between different business functions as everyone has a shared view and understanding of performance. Collaborative BI or Social BI is the merging of traditional business intelligence with collaboration tools such as social media and web technologies. It allows for easy sharing of reports as well as increased engagement between stakeholders and subject matter experts to make better business decisions. Data collection, cleansing and data repair can be time-consuming, but automation can significantly reduce the time and effort analysts spend on preparing data.

The most effective BI applications provide a comprehensive business intelligence platform that delivers a full range of analytic and reporting capabilities. BI should be designed for scalability, reliability, and performance to deliver relevant and actionable insights that all organizations need to make better and more-informed decisions and drive efficient performance management. Mediclinic’s leadership recognizes how vital it is for their staff to have the capability to gather, analyze and interpret data in order to recommend effective treatments or make important business decisions. Self-service BI enables access to meaningful data for more people within the organization, so that they can be more productive and effective. Through self-service and big data, users now have access to easy-to-use, cloud-based remote analysis and reporting. Powered withAI and machine learning, advanced analytics like predictive and prescriptive analytics harness massive amounts of data and enable a forward looking approach for decision-makers.

Oracle Analytics combines ML and AI to your data to enrich LOB decision-making and predicative ability. Power BI connects to an extensive range of data sources including files such as Excel, databases such as CRM and ERP, and web or cloud-based applications and services. Business intelligence is used by organisations of all sizes and sectors, from small and medium enterprises to large corporations. Business intelligence provides business leaders such as CEOs, Directors and Managers with the most up to date information they need to monitor operations and measure key performance indicators .

A Mason’s report revealed that spending on cloud-based BI solutions is expected to grow at a much quicker rate than that of on-premises BI, highlighting the emerging Asia–Pacific region as area for rapid growth. There is now a growing emphasis on the accessibility of information, and a democratisation of information gathering. The availability of more powerful business software has driven a more tech-savvy generation of business executives. It also reduces time-consuming exploration and weeds out false or less relevant insights automatically.

As a result, the self-service BI model emerged, proving enterprise-wide data access. Today, 30 November 2015, the Higher Education Statistics Agency launches Heidi Plus, the new business intelligence service for the UK Higher Education sector. Heidi Plus is the result of a joint project between us andJiscto boost the business intelligence capability of UK HE providers. The service provides access to extensive data and the latest visualisation technology to promote efficient decision making in HE. Using powerful Oracle BI tools we have set up a multitude of standard management and production reporting solutions to create personal management and production portals for Interactive Dashboards and Ad-hoc Querying/Data Mining.

There was a lack of comprehensive, regularly produced management information which inhibited the organisation from making informed decisions. For those who have adopted BI tools, it can be a struggle to align reporting to continuously changing business needs as the pace of change outstrips their ability to update reporting metrics. Or it can be hard to establish an accurate picture of the performance of complex programmes due to the challenge of reporting against huge amounts of siloed data. When it comes to , organisations face a range of challenges depending on where they are in their BI journey.

Leave with actionable insights from case studies and successful business applications learned from peers to drive profitability and discover the best tools and solutions to increase ROI. Businesses can become more productive when they embrace the power of data across the organisation. It can be especially useful to create bespoke teams and job roles, such as analysts, within the company’s various departments that are dedicated to data. In doing so, businesses can foster a data-first culture and cement the idea that BI is the driving force towards success in the modern business world. What’s more, the scalability of the cloud will make it easier for businesses to continue enjoying their business intelligence solutions in a world where we’re collecting staggering amounts of data.