5 steps to good Business Intelligence, Is Tableau the one
We live in financially challenging times and most companies are striving to cut costs while maintaining high levels of customer service. Doing more with less has become the mantra for many organisations since the recession began in the wake of the meltdown of the financial markets in 2007/2008.
Successful companies have invested in Business Intelligence tools to help business understand their data and translate this into visualisations and dashboards to discover the trends and issues in their business. Tools such as Tableau have been used to cultivate lean thinking in business and help to deliver huge savings while continuing to maintain good service levels.
Today’s successful companies are intelligent companies and they use their intelligence to gain competitive advantages and trump the competition. Amassing knowledge, however insightful or compelling, is of little value unless it is turned into action. “Decisions have to be made and acted on”
Five key steps to becoming an intelligent company.
Step 1: Develop more intelligent strategies by identifying strategic priorities and agreeing your real information needs
Step 2: Develop more intelligent data by creating relevant and meaningful performance indicators as well as qualitative management information linked back to your strategic business intelligence needs.
Step 3: Develop more intelligent insights by using good evidence to test and prove ideas and by analysing the data using analytics and visualisation tools to gain robust and reliable insights
Step 4: Develop more intelligent communication by creating informative and engaging management information packs and dashboards that provide the essential information, packaged in a way that is targeted and easy to understand
Step 5: Develop more intelligent decision making by fostering an evidence-based culture of turning information into actionable knowledge and real decisions. In today’s turbulent, unpredictable markets it can prove immensely challenging to identify the core strategic objectives of an organisation. But it is only by doing so that it becomes possible to ensure that the analytics we generate are relevant to the organisation’s competitive positioning and support its greatest information needs. Try Tableau Business Intelligence Software