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Life after BI
 

Life after BI

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BI is one big thing in the new year for enterprises driven by the need to make sense of the huge volume of data they have accumulated - Guest authored article by Sanjay Mehta, CEO, MAIA Intelligence ...

BI is one big thing in the new year for enterprises driven by the need to make sense of the huge volume of data they have accumulated - Guest authored article by Sanjay Mehta, CEO, MAIA Intelligence in Cybermedia's PC Quest, February 2012

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    Life after BI Life after BI Document Transcript

    • 25 Years of PCQuest Life After BI: The Next Big Thing BI is one big thing in the new year for enterprises driven by the need to make sense of the huge volume of data they have accumulated there is sure shot delivery of timely, S ingle view representation and analysis of enterprise data adds an accurate reports related to the additional thrust to smart business processes these systems decisions. Through the dial gauges, bulbs, manage. These systems are no longer charts, etc in dashboards, CEOs gets the data prisons that are unable to share overall view of their business. Through useful information for managing the financial consolidation, CFOs get the enterprise. Creating piecemeal reports>>> With BI, variance to plan. And most of the business is not the answer.business users managers get their self-serve multi- Business users focus on what theyfocus on what they dimensional reports. do best, analyzing and acting ondo best by Sometimes when sales suddenly information to help improveanalyzing and drops, costs rises or two competitors performance. They no longer spend merge; very quickly they can respond their time searching for data,acting on right to keep the company on track. Here BI reconciling the data from variousinformation. They helps in stakeholder’s efforts to systems and debating whose numbersno longer spend increase companies’ growth, constrain is correct.their time costs and improve the bottom line. KPI BI helps pull together informationsearching for data helps review a company’s current from all internal organizations, whichand reconciling the performance, examine its past shows where the costs are, what theydata from various business and forecast future trends. are, and provides a framework forsystems. <<< Organizations get accurate and making cost cutting decisions. Once detailed picture of what is going on in the cost cutting is complete, terms of business and customers. It organization views exactly what has shall do this in different ways -- been done and detail the impact in real- accurate view of cost liabilities risks, time. customer buying patterns, supplier Critical questions such as, why cost-effectiveness, etc. Following market shares are going to would be some of the benefits derived competitors; which products from BI. contribute the most to profit; how can Governance and compliance, which business become more profitable; why require transparent, accurate financial some divisions are not profitable; reporting, have placed tremendous which plants produce at the lowest pressure on companies to take an cost; how can productivity improve; enterprise-wide approach to ensuring which parts of the world are the most timely, accurate and consistent data. profitable; who are the best and the No longer does the scattered data and worst customers; where is money reporting hampers compliance with being lost or made, etc are now regulatory and industry initiatives. answered. Many companies have not been able With BI, organizations produce the to truly take advantage or leverage right information at the right time, Sanjay Mehta, investments of the data in which is key for the success of any CEO, MAIA Intelligence ERP/CRM/SCM systems. Now with BI, business enterprise. 18 PCQUEST F E B R U A R Y 2 0 1 2 A CYBERMEDIA Publication wwww.pcquest.com