In a recent survey, 98% reported that they rely on business information to do their job well, but only 6% strongly agreed that they can access their business information quickly.
The right way to bridge the gap between IT and business users is by getting the right information to the right people at the right time. It sounds like we are over simplifying it, right? The good news is, we are in an age and time when it is getting easier to do this.
Disparate systems, complicated UIs and a need for specialized tech skills have made business users more dependent on IT. The top management leaders need real-time access to critical metrics, and BI and analytics systems. To top this, the implementation time frames might be overwhelming too.
Self-service BI answers all the questions to this dilemma. It provides the facilities within the BI environment that enable BI users to become more self-reliant and less dependent on IT. These facilities focus on four main objectives: easier access to source data for reporting and analysis, easier and improved support for data analysis, faster deployment options such as cloud computing, and simpler, customizable, and collaborative end-user interfaces. It helps business users rely on real-time updates to occur automatically, thanks to APIs that plug data into a single dashboard.
The position of CIO has been changing and we are seeing more people in the role from less technical backgrounds than in the past. The main driver for this is cloud computing – a public cloud platform that hides more of the technical backend from the user than an in-house, physical platform.
The new age CIO will focus on what matters; driven by the business’s tactical and strategic needs. Rather than worrying what company label is on the servers, the CIO can look at the overall capabilities and performance of a cloud provider’s platform and services. He will ensure the services and functions they are providing the business meets strict criteria of performance, availability, security, compliance and so on.
This evolution of his role does not release him from the pursuit of the latest and greatest in technology. Although the separation from hardware to software means the general need to track speeds and feeds is less of an issue, what is happening at the software layer becomes more important. Being able to understand how disparate workflows between the company and its customers and suppliers can be integrated to provide the optimum business value is also essential, as is being able to ensure areas such as the internet of things (IoT) are dealt with successfully.
The CIO and their team of IT leaders must stop seeing decentralized IT as a threat and recognize that perspective does not help business units leverage the power of new digital technologies or enable the enterprise to learn more widely from these efforts. This will mean that IT organizations must shift from a control strategy to an influence strategy regarding IT and all things technology. For many, it will mean the creation of a holistic business unit IT strategy that recognizes that the value propositions for different technologies require different treatments.
One of the benefits of cloud computing is increased efficiency. Services are rapidly deployed and ready for use in a matter of minutes versus weeks or months it traditionally takes. It makes your business more agile and tends to shorten IT projects. It takes fewer resources to deliver the project and a quicker and more predictive time-to-market. It has become much easier to start business innovation initiatives, often enabled by readily available cloud services.
Utilizing standardized services can significantly reduce issues and defects. This increases business continuity and reduces time spent on operational issues, focusing more on the things that matter. Cloud computing allows you to deploy the same service or topology of services repeatedly, with the same result every time.
So, what’s next? Finding a trusted implementation partner can help. At NRoot Labs, our team of experts know BI and cloud computing. We helped many companies bridge that gap between IT and business users. Call us for a quick chat to discuss how you can bring the balance between IT and business at your organization.
Microsoft under the leadership of Satya Nadella has brought in fresh make over of Microsoft, and when it comes to Business Intelligence, the changes brought about under the leadership of James Phillips needs to be specially mentioned. Business intelligence (BI) delivers critical performance analytics and insights to workers, empowering them to make faster and better business decisions. However, enterprise-wide penetration of BI is still surprisingly low. This is partially due to the misperceptions that business intelligence is costly, difficult to use and deploy, and slow to deliver real business value. “Self-service BI” is shattering these perceptions. It delivers low-cost, rapidly deployed decision-support, enabling any worker, regardless of job role, geographic location or department, to work from a reliable and up-to-date set of data, presented in a context and detail level relevant to job role and appropriate to data access privileges. This definition serves as a useful discussion point to highlight how Power BI can help your organisation to achieve the objectives of self-service BI and realise its benefits.
Clearly, Power BI will let you do nearly everything that you can do using the traditional SQL Server BI toolkit. Power Query queries extend the scope of the data sources further to include Azure data services, OData feeds, web pages, web services, and SaaS applications. You can design, build, and deploy self-service BI solutions by creating Power BI reports from datasets, connecting to tabular models.
Microsoft has built a brand new HTML 5 compliant visualisation engine that is simply awesome. Everything (virtually everything) will slice and dice and cross filter everything else. Anyone that can create a chart in Excel can create a chart in Power BI (and probably some people that can’t create a chart in Excel too for that matter). You don’t need a specialised IT report writer to create every new report for the business.Making data more comprehensible: Power BI users can create custom visuals and use them in dashboards and reports. The number of visualizations is growing, however currently, visualizations include:
Sharing Data Insights: Analysts can utilize a free-form canvas for drag-and-drop data navigation as well as a vast library of interactive visualizations, easy report creation, and fast publishing. As Power BI is part of Microsoft’s set of business apps, it offers seamless integration with popular Microsoft software systems such as SQL Server, Azure, and Excel. PowerBI service BI takes this further and allows data insights uncovered by individuals, who have explored the data, to collaborate with colleagues-by sharing your personalised dashboards or by taking snapshots of individual reports and emailing them from within the Power BI apps. Open source Visualizations: PowerBI allows you to share its visualisation source code so that any capable developer can develop their own visualisations and share them with the community. Developers can either copy an existing visual and extend it, or they can start from scratch and build something completely new.
To streamline the experience even further, users can inquire the data and build visualisations from the results by using the natural language capability and just typing questions.
Because users can get up to speed quickly and require little to no training, support costs with self-service BI are significantly lower than they are with more complex BI solutions. If you implement SaaS-based self-service BI, you can also recover direct server investments and evolving maintenance costs with a convenient monthly subscription. Also, self-service BI platforms scale seamlessly so that as adoption increases, additional server capability can be added without disrupting access or requiring significant IT resources. In marked contrast to traditional enterprise BI solutions, self-service BI tools don’t require either a data warehouse or the associated database licensing costs. This alone cuts down months if not years off of BI project timelines and it eliminates sizable expense. Power BI is free to try and indeed free to use as long as you want. If you want to take advantage of more of the enterprise features including controlled sharing of data, automatic refreshes using gateways etc. then you have to pay – wait for it – a whole US$9.99 per month per user. It is enough to give the competition a run for their money!
Power BI is offered in three different plans, with a cost sheet showing the high-level features of each plan here, so you can decide which option works best for your organization.
The Power BI service is on a continuous release cycle. As improvements are made they are released into the cloud service. You can experience parallel improvements to the mobile apps and to Power BI Desktop. The pace of their release cycles s still incredible. Quite literally, today’s biggest complaint can disappear when you wake up tomorrow morning.
NRoot Labs has tremendous experience and has the resources to architect and deploy comprehensive BI solutions with Microsoft’s technology stack on-premise or in the cloud. Contact us to learn how you can integrate Power BI into your overall BI strategy.
Around the globe, companies must cut costs and reduce risks as they face undemanding sales,reluctant suppliers, and tighter credit. In addition, restrained credit can affect the entire supply chain, causing delays or limiting availability to key raw materials. It’s vital to have contingency plans for handling the potential impact of constrained trade. But with challenges come opportunities – opportunities from Business Intelligence. To justify BI, decision makers need to look at the big picture advantages.
BI compiles a company’s most essential data so employees can focus on answering crucial questions. Access to data allows for fast decision making and an edge over the competition. Let us address how BI can help you reduce costs, make smarter operational decisions, and help your business thrive within an uncertain economy.
In good times, when revenue and margins are high, business leaders seldom ask if they can squeeze more out. Their perspectives change when the economy falters. This is when instances of poor decision-making comes to light.Bottom line vs. top line: When professionals have access to the information they need, they’re able to focus on improving their work, rather than getting distracted by insignificant tasks. Taking a data-driven approach also opens up opportunities for new incentives by rewarding how employees improve the bottom line beyond expectations. In highly competitive positions such as sales, recognizing performance data this way lets top talent set goals for their maximum potential. BI thus helps empowering the employees and thus improves the bottom line.
It’s been shown that top-down change is only essential for companies during critical moments, while bottom-up change brings long-term improvements. With BI solutions, the company is guided by the bottom line keeping the top line in focus. As data is entered into the system, dashboards across different roles depend on the information needed while employees are connected by the same results. In some organizations, without centralized reporting, this leads to decisions made on false assumptions. Instead, through BI, everyone shares a single source of truth. Thus helping the change occur from the bottom up, rather than top down.
To win, survive, or grow in today’s market, businesses need discipline and execution. BI is capable of providing solid forecasting that takes into account the operational model and how it relates to the economic environment. It helps business units have fast, efficient and agile reactions when a problem occurs.Turn on a dime: Disruption is often unpredictable. When a market shifts and a business comes across a road block, BI makes it easy to sail in a new direction. Data is selected and displayed based on the organization’s strengths, highlighting opportunities for additional revenue. With BI’s far-reaching effects, everyone within the organization can be prepared to make an impact where it’s needed. BI thus helps business units react faster and efficiently when challenges arise. Find profitable customers/channels: Data improves conversations by focusing on facts rather than subjective experiences. It’s imperative to have data that supports every argument. If decision makers are discussing something that may deeply affect the company, the outcome shouldn’t depend on subjective experience or a single event. Instead, to make important decisions, there must be data available that keeps everyone focused on the reality of the business, not just the perspective of executives. BI helps you analyze customer profitability, so you can allocate your limited resources on those customers that are profitable now and cultivate those customers who are most likely to grow your sales when the economy recovers. Get real-time information to the right employees: With access to information, your company stake holders can quickly analyze what’s happening within the business today and make decisions based on information that’s both current and relevant. With a nuanced and reliable BI reporting tool, stakeholders can rest easy knowing the business is planning for long-term success. The most common problem in several companies is that people on the frontline do not receive information, even though they make the most decisions. And yet individuals who make the fewest decisions, albeit the strategic ones, have the most access to information. With BI, stakeholders can have direct access to the data that’s driving the company’s decisions to easily get on board with them.
The bottom line is, Business Intelligence solutions combine the best value, pervasive deployment, and complete integration. To reap the full performance enhancing benefits of BI, you need a solution that is easy to use and makes your stakeholders smarter. Business Intelligence doesn’t need to be so complex that it shuts out regular business users. Nor does it need to eat up IT resources. The key is to find the right BI implementation partner to help you thrive.
In many industries, the businesses are drowning in the wide expanse of data and are unable to use it effectively and to drive business value or insights.
|Asking Vague questions||vs.||Asking specific questions|
|How to raise my ROI?||What are the channels we should focus on to raise revenue while not raising the cost?|
|What channels lead to bigger profit margin?|
|Which marketing campaign worked best?|
It is key to ask the data analysis questions from the start. They lay the foundation to your BI framework.
|How was sales last year?||vs.||What is the average Revenue Per Unit (ARPU)?|
|What is your Customer acquisition Cost (CAC)?|
|What is your Customer Lifetime Value (CLV)?|
Your data analysis questions are designed to give a clear view of reality. If the data is incorrect, you may get distorted view of the reality.
Read more about our Data Integration process
Knowing the end user will help you decide, what data and report you should focus on. Each type of end users, whether it is members of staff or someone from the management/governing body, has different needs and expectations. Some of the questions that you could focus on are as below:
Most valuable insights, if presented poorly can leave your target audience, without the impact you are hoping for. It is important to convince the end user that your data is accurate, reliable, important and urgent to act on.
|Data in a spreadsheet||vs.||Drawing a picture with data|
|Data in a table||Telling a specific coherent story|
With this information, you can outline questions that will help make key business decisions and set up a data driven infrastructure, teams and culture in a consistent basis.
Companies that have successfully cultivated a data-driven culture reap a multitude of benefits, from better employee understanding of the value of data and how to apply it to decision-making to a widespread commitment to backing up ideas with data and measuring outcomes across the board.
Chennai, India – NRoot Labs, announces today the launch of its new website. This new design has a clean uncluttered design and enhanced rich content focused on company’s mission. It offers quick and easy access to essential information and features that offers a more comprehensive understanding of the company’s robust applications and services.
“We are excited about our website launch and the information it provides for customers, prospective clients, partners and media to better understand NRoot Labs’s out of the box BI solutions,” said Varun Thatha, NRoot Labs Co-Founder. “We believe that this site will allow our visitors to have a very informative experience as we continue to grow and increase our market presence.”
NRoot Labs’s new website will be updated on a regular basis with news of product launches, business activity, corporate milestones, events, and success stories. Visitors are encouraged to explore the website and sign up for direct emails from the company from our Contact page.
The website is located at this address http://nrootlabs.com/.
NRoot Labs drives innovation with its new and power analytics solution for manufacturing industry
NRoot Labs announces Manufacturing Analytics solutions that combines its in-depth knowledge of manufacturing’ business processes with expertise in BI solutions . These solutions can significantly reduce the cost, time and complexity of implementation by delivering best-in-class business solutions tailored to meet manufacturers’ industry- and geography-specific needs.
NRoot Labs offers solutions for supply chain management (SCM), enterprise resource planning (ERP), product lifecycle management (PLM), value chain planning and customer relationship management (CRM) to support the needs of companies across various manufacturing segments.
Varun Thatha, Co-Founder, NRoot Labs explains, “Manufacturing is entering an exciting new phase of opportunities. As the manufacturing industry continues to become more global in nature, manufacturers of all sizes are seeking ways to grow, innovate and optimize their supply chains, as well as other business processes. NRoot Labs is ready with strategic business and technology solutions, people and processes that unravel, interpret and address this change.”
This solution will prove to be a strategic differentiator and value proposition in the marketplace as it is a highly customer-centric approach to deliver business aligned IT solutions.
For more information, visit our Manufacturing Analytics services page below.