Tips for Choosing Suited Business Intelligence Tools
With the automation of most business processes at a rise, the days where complex data analyses were done solely by the IT department are gone. Nowadays, there is a multitude of business intelligence tools that allow all users from a company to access a variety of dashboards. The dashboards corroborate data from both inside and outside the company and turn them into actionable information.
To make the most out of this kind of information, companies are turning to business intelligence (BI) tools, that analyze information like customer data, business processes or competitor information. The tools, then, have the capability to extract the exact information needed out of the large volume of raw data gathered. With the BI market increasing, choosing the right tool to suit the need of a company is becoming a real struggle for the management team and for good reason. Here are some tips to follow:
Analyze Your Business
Having a clear understanding of your company is key when deciding what products would bring value to your work. Before deciding on a tool, crucial information, like the software and hardware requirements for implementing it or the ability of your in-house team to evaluate the information, need to be sorted out. Keep in mind that, although top of the market, some tools might not work well for your type of business and organization. While some companies, like those in the sales industry, might need a lagerstyringssystem, others, like those who conduct their business mostly online, will need tools that analyze website traffic.
Consider Integration Options
Look for tools that can be easily corroborated with the system you are now using. The key is to have the BI tool incorporate all the data you are now gathering through various sources into one place. Choose a tool that is as intuitive and user-friendly as possible. You would want the information to be easily accessed by any employee who might need to extract information from it. Also, look for tools that keep the data updated in real time, to provide your company with relevant and up-to-date information.
The tools should be smoothly accessed from any platform or browser and should be easily customizable, to suit the evolving needs of your company.
While some tools are specially designed for one type of analysis, others will offer various solutions that will benefit more departments. Before choosing a tool, prospect what your use for it is going to be and how your needs might change in the next 12 to 24 months. This requires a bit more prediction and anticipation, but in the long term you will be thankful for investing in a tool that suits the needs of various departments, such as HR, finance or marketing. A great example is Navison Norge, which offers solutions for management, human resources, expense tracking and manufacturing.
No matter the tool you decide to use, keep in mind that simplicity is often key. Finding a product that suits your company’s needs and adapts to the evolution of your business will benefit you in the long term and make you avoid unnecessary costs. Other aspects aside, the two main focuses when choosing a suited tool should be fast implementation and easy integration.