Business Intelligence (BI), also known as Reporting, Dashboards, Analytics, is one of the most talked about subjects today. Big and Small companies are investing in BI. But is BI really worth having? Does it get the desired ROI?
Millions of Small and Medium Scale Businesses (SMBs) rely on Tally ERP to manage their businesses. Tally has enabled businesses to effectively and efficiently manage and organize their business data across various functions like Accounting, Finance, Inventory, Sales, Manufacturing etc. Businesses that use Tally ERP generate lot of operational data that could lead to key insights for the management leading them to more profitability and cost savings.
As we enter the era of smaller-faster-better of everything where the Hummer is giving way to the Hybrids, the large unwieldy camcorders giving way to small, pocket sized, flash memory based camcorder, the humongous hard disks giving way to the small, compact, high-capacity flash drives, there are many interesting strides being made in BI tools to cater to the ever voracious appetite of the business community for meaningful dashboards, predictive analytics and data mining.
Nobody likes failed projects. Especially in an economic climate where project funding is sparse and everyone is scrutinized on their individual and team performances.
BI (Business Intelligence) projects are necessary for businesses to make pragmatic and informed business decisions. BI projects help organizations measure their business performance. But not all BI projects are successful. So the key question is: how do we prudently manage the performance of BI projects in the first place?
Business Intelligence is critical for the success of an e-commerce business. As an owner you want to have a complete overview of your store operations, sales, inventory, customers and customer service. This allows you to manage your online business more effectively and efficiently.
Traditionally setting up BI systems and dashboards has been a very time consuming and expensive process. This approach is not suitable to work in today’s fast paced dynamic environments. You need a system that is agile, flexible collaborative and easy to deploy and use.
Traditionally, the SME/SMB have viewed Business Intelligence (BI) as too expensive and complex to implement. They have the need but are reluctant to take the plunge into the often mystical world of Business Intelligence / Data Warehouse / Data Management.