BI (Business Intelligence) is a complex platform for enterprise intellectual assets management with integrated analytical instruments including OLAP, tools for data entering and update, tools for data extracting, transformation and loading, data warehouse and reports generation. Such an integrated approach allows organizations to easily create and develop powerful systems for enterprise intellectual assets management and control their expenses.
BI Opportunities
BI-systems can support thousands of analytics, each of them can become a basis for report generation.
Changes to the application can be made very quickly, this allows efficiently react on changes of company’s needs. Characteristics of data warehouse models allows to use scenarios “what/if” or to realize budgeting and planning tasks directly in the system. Since all data is in main memory (RAM) and all calculations are fulfilled when the request arise, irrelevant and outdated data is not included in the calculation. Thus, BI-systems allow to define trends in constantly changing data as quotations, rates etc.
Data in the system is not aggregated and users get the possibility to analyze it on all levels, and unique data compression technology allows to process significant amount of data using quite traditional hardware. Efficiency provided by BI-solutions allows to analyze not only data of the company, but also of its clients, partners and suppliers in all fields including sales, marketing, logistics, production, finance and HR. BI-system operates not on tactical but on the strategic level, allowing the manager quickly estimate current situation in the company and also estimate the impact if the situation is changing.
Business Intelligence helps to solve different business tasks and provides users with long-term advantages. Company can utilize the results of implementation within short period from the project start.
BI: features and advantages
- increased efficiency and quality of decision-making
- security and use availability
- opportunities for analysis within whole enterprise
- common information space
- cardinal cost reduction on gathering and processing the information in companies with geographically distributed structure
- automated control of enterprise KPIs
- quick informing of interested parties about KPI’s aberrations
- confidentiality, data access administration and isolation.
Additional advantages: flexible adaptation to users needs, friendly interface, presentable reports, wide analytical instruments, remote web access, quite fast implementation, technical support during operation and opportunities for further development.
BI-systems allow to develop more successful plans and tactics, to react quickly on any unforeseen situations and to benefit from any new opportunities immediately.
It is important to understand that implementation of BI demands significant investments and critical approach using both internal specialists of the company and external consultants. Here individual approach is needed which will take into consideration all details of company specifics.
Companies that implemented BI bring a lot of obvious and latent advantages of this solutions.
Value of obvious and latent advantages
Though it is hard to precisely estimate return on investment (ROI) which can be received from this advantages, the majority of top-managers attach importance to the fact that now they have “the only true information about current situation”, more qualified information for strategical and tactical decision-making, and also more efficient business – processes. Even so management knows that it is highly difficult to define all advantages that it will receive due to more effective access to the information.
What Innoware propose
With our BI consulting services we help companies to adapt their business processes to the best proven management practices leveraging the latest IT and help them to implement the BI-systems.
ERP consulting services provided by Innoware include the following:
- Deep analysis of customer's business needs
- Selection of the enterprise Business Intelligence system (BI) according to the needs and possibilities of the customer as well as his/her strategic goals
- Organization of the project environment & BI system project implementation according to the needs and priorities of the customer
- Customer's staff training & support
We propose the following BI-systems:
- Targit BI Suite
- SmartView
