Implementing a Business Intelligence system – why is it worth it?
Data published by SAP shows that companies that have not implemented data visualisation systems spend up to nine hours more on analysing data, trends, and correlations. Using modern tools for data analysis, such as Power BI, allows not only to rationally manage working time but also to optimise costs.
New technologies are inextricably linked with the development of modern companies. Also, data processing and analysis have become an essential element of the business environment’s effective functioning. Why such a trend? The data aggregated daily concern every aspect of the functioning of companies. Therefore, they provide insight into companies’ condition and facilitate the implementation of the adopted strategy.
The implementation of Business Intelligence class systems allows increasing efficiency, drawing useful business conclusions, and increasing competitive advantage. Besides, BI systems improve the process of managing customer relationships, help rationalise expenses, increase marketing activities’ effectiveness, and thus positively affect ROI.
What benefits do companies gain from implementing Business Intelligence systems?
The mere fact of having raw data does not bring value to a company. Neither does the proper aggregation and segmentation of data change this situation. Only the implementation of BI tools and those dedicated to data visualisation, such as Power BI, indeed increase companies’ analytical capabilities.
The key benefits of implementing BI systems include:
- aggregation of data in one place with the possibility of analysis in different scopes and at varying levels of detail,
- easy data and information flow between employees as well as individual departments within the company,
- constant access to data regardless of time and place of work,
- the possibility of operating the system by people with even less technical knowledge. Microsoft Power BI has an intuitive drag and drop wizard and gives the ability to direct queries in natural language,
- streamline management by delivering reports quickly and efficiently to decision-makers.
How do we work at EBIS to implement BI systems?
The process of implementing BI systems follows several stages. The first one consists of a detailed analysis of the needs of a given company. We make sure that the data coming from each of the systems functioning within the organisation and those provided by external sources can be used in the analysis processes and services to make the right business decisions. We then define possible solution scenarios and specify the requirements to be met by the BI system. We also emphasise the correct preparation of the data warehouse, with particular emphasis on security procedures and backup rules. After the implementation phase, we provide users with training and full after-sales support.
If you have questions regarding implementing a Business Intelligence system in your company, please contact us and check the offer dedicated to your company. Our consultants are waiting for your message!