Business intelligence: Flexible and targeted

The best practices of business intelligence use are becoming increasingly important to adhere to, as BI is now a guiding force behind important high-level decisions. This is a clear upgrade from leaving these choices in the hands of instinct or intuition, as the information both within companies' systems and collected from outside can point the way to novel solutions and in-depth strategies. There is a need to transform the process of organizational leadership, and properly deployed BI is at the forefront. The one caveat, however, is that improperly leveraged software is unlikely to help. As with any technology, correct integration is paramount.

The best practices of BI
It's fairly common to find suggestions for aspiring BI users today. This is highly unsurprising, given the technology's rapid and prominent increase in popularity. CIO Insight recently compiled a few of these hints, including a warning that leaders should have a flexible blueprint in mind when they deploy BI. This is because the conditions a BI solution is implemented to cope with will rarely endure for long. Organizational strategies take hard lefts every few years and rigid tech deployments that conform to only one set of conditions may prove an albatross within years or months of their purchase.

The news provider also explained that its best not to treat BI as something entirely new. There is already infrastructure in place at any given company, and using that in tandem with the new deployment may lead to greater success. The source specified that organizations eager to gain the go-ahead from financial officers to keep funding their BI deployments should ensure the extant IT is in line with the new components, not left to stand alone. Beyond the IT and finance teams, the source also suggested inviting the non-technical end users into the BI loop from an early stage. Analytics actions are for their benefit, and they should know what's happening.

Getting on board
Selecting BI software means comparing detailed features lists and aligning them with business goals. Some of the bells and whistles offered by providers may be essentially window dressing, while others might make all the difference. Features such as self-service functionality set apart products such as Necto 14, which allows employees of all levels and specializations to get involved with the number-crunching themselves, rather than running their reports through a third party. This close connection to the insights issued by BI can provide vital time, cutting steps out of the journey from question to helpful answer.

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