Why do you think you business needs Business Intelligence?
You’re doing ok with excel, so why do you need to invest time and scarce money into business intelligence technology? Well, think about this scenario:
- your sales team is tracking your individual sales, your upcoming projects and your contracts with some kind of sales software
- Your accountants are using accounting software to track your expenses, your payroll and your client accounts
- Your project production department is tracking your materials, your output, your maintenance and other manufacturing costs using some sort of access database.
Does that sound very organized? Maybe it’s ok to keep a lid on when you are running a small business, but as you grow, and get more employees, your data will become more difficult to keep track of. What happens when you are doing investment pitches? You will need to present the overall financial state of your company. You need a way to put all of this unconsolidated information together, so that you can use it to give an informed view of every department in your company, and output answers and projections, in a way that is easy to understand.
Your data is spread across many different systems and there is a lot of it- having the data isn’t enough though, in order to make strategic business decisions you need to create INTELLIGENCE from your data. Manipulating your data is difficult, and one foot wrong can mean you will end up making bad business decisions.
The solution is to implement a business intelligence application that makes consolidating a lot of data warehouses easy, and makes it easy to understand the results and output easy to red graphics. You need to be able to manipulate your data through a revolutionary dashboard, that doesn’t require a PHD in computer science to work it. Rapid-Fire BI from Tableau allows you to do this and so much more. What’s more, it is available in a flexible package, which means you only buy the licenses that you need, so you can reduce your overhead costs.
There is an old Chinese folktale about
three blind men who encounter
an elephant for the first time and attempt to learn about it by touch alone. The experience of each is unique because each touches a different part of the elephant.
This ancient story can teach us something important today about business intelligence (BI).
This whitepaper wisely points out, without the ability to examine data from multiple perspectives simultaneously, many of the meaningful relationships that exist in our data will remain hidden.
Download this white paper to learn how the right tools can help you increase the amount, range and views of information you are able to compare quickly and easily.
Contact MXI today to find out how a rapid-fire business intelligence platform like Tableau will improve your business decisions.