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How Reporting And Analytics Differ and Why They Are Both Important: Part 1

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3d illustration of a magnifying glass hovering over a three-dimensional multi-colored bar chartThis is part one of a two-part series.

Even though we often hear the terms “reporting” and “analytics” used interchangeably, this is actually a misconception. Although they both use the same data, they each have completely different purposes. Both reporting and analytics are vital because they better equip the organization to make key decisions that increase its value. View Article…

The Importance of Collaborative BI for the Next Generation

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Collaborative BI Next GenerationLook around you. No matter where you are – at the store, out dining, or attending a favorite event – you’ll spot our future business leaders (today’s teens) using social media while multitasking on-line. They’re so well connected now that in the future, they’ll expect the business software applications that they use on the job to be swift and collaborative, too. Business intelligence software is no exception. View Article…

5 Ways a BI Competency Center Adds Value To The Business

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BI-Competency-CenterAccording to the Gartner Group, a Business Intelligence Competency Center (or BICC) transforms business intelligence, analytics and performance management from siloed efforts driven by the IT organization into business-driven, cross-organization initiatives. Such competency centers enable businesses to better control processes, costs, delivery, standards, security and compliance; treat BI as an ongoing program rather than a series of disconnected projects; drive BI adoption throughout the business; and, manage stakeholder interests at all levels through greater alignment with corporate strategy.

Here are 5 ways a BICC can add value to your business: View Article…

How Do You Evaluate the Performance of BI?

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MeasureBIPerformanceLearn how to manage the performance of the BI environment to make more informed decisions based on real data.

Business intelligence, or BI, is used to evaluate how a business is performing, which gives businesses the opportunity to make decisions without relying on “gut feelings” or “hunches.” BI software programs take clean data sets and quickly perform analysis on this data so that decisions can be made efficiently. These programs are a vital part of any business, but how do you determine if the BI environment itself is effective? View Article…

BI: Simple, Fast and Complicated(?)

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BusinessIntelligenceWhile working with a customer on one of our latest BI solutions for the easy delivery of key information, KPIs and reports, someone made a comment that seemed simple…but complicated. To paraphrase – we need complicated information fast, but we don’t want to be educated on how to get it. View Article…

Business Intelligence: Where Do I Start?

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whereToStartIn my role as a business intelligence software marketer, I correspond daily with IT, Finance, Sales and other corporate executives – expounding the value of my company’s business performance analytics for manufacturing and distribution businesses. Last week, the VP of Finance and IT of a major CPG company said something that stopped me in my tracks. “I get bombarded by my management team with so many requests for analytic tools that I don’t know where to start!”

Wow. That one simple comment put so much into perspective.  View Article…

What’s Your Dashboard “Type?”

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DashboardTypesTo stay competitive, organizations need Business Intelligence (or accurate, actionable information about key business metrics).  Performance dashboards come into play next by serving up summaries and reports of the BI that’s most critical to the organization.

An effective dashboard combines information dynamically and in new ways beyond traditional paper reports to measure performance and enable fast, appropriate action by decision makers. Even more, dashboards deliver significant value by leveraging Key Performance Indicators (or KPIs) to manage progress towards goals.

There are three general “flavors” of performance dashboards, each differing in the level of detail they offer and the analytics they provide . View Article…

Driving Category Management with Sales & Marketing Analytics

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CategoryManagementCategory Management is a function that helps suppliers develop a category purchase marketing strategy for an individual retail account that best meets the consumer’s needs and, in the process, determines the best approach for influencing that account. Crucial to Category Management is an understanding of the pre-purchase environment for the category and of the vital information behind actual purchases through the use of sales and marketing analytics. View Article…

What Do BI Tools Really Do For You?

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Plan_Measure_ManageAfter years and thousands of deployments, it’s time to look back and reflect on the real benefits of Business Intelligence. The answer seems obvious but it’s worth some careful thought to help guide improvements in the future ― not only in BI products themselves, but how and when they are deployed. View Article…