BI Analytics Benefits
BI and analytics related processes are what that form the core of the most of the enterprises efforts for leveraging the information for gaining the competitive advantages, identifying and fine-tuning business strategies and reducing operational costs and risks. More particularly, the well-designed and developed BI analytics systems give the C level professionals and executives a 360 degree view of the enterprise, often with almost accurate real time alerts and updates.
The cardinal users of the BI analytics tools in an organization are the upper management professionals as well as the business analysts. Analytics tools offers unmatched reporting facilities, and in today’s business environment reporting is one of the most significant business running tool, as analytics allow the top level professionals the valuable insights that help them run the business with boosted performance.
BI Analytics Software Trends
Here are the top BI analytics software trends:
Self Service BI
Not just desired, but Self Service BI is increasingly expected by the end users. It goes much beyond the regular demand for the spreadsheet support to the capability to possess greater control over the end-user queries nature.
It has become quite important as the accuracy of all the information supplied to the management is of great concern. Also, the data governance has now become a mature discipline which can be used for improving the quality.
It continues to spread across the enterprise landscape. One of the key principles of the agile marketing is the “data over opinion”. The buyers who purchase the BI analytics software must therefore place much more stress than ever over the ability of the technology for supporting the rapid determination of the customer responses to the organizational new products and the service, sales and marketing processes of the organization.