Business intelligence and analytics processes are notable for their ability to fit into any type of department. No matter what an individual's immediate responsibilities entail, chances are his or her job could become easier with the help of clear decision-making insights taken directly from data. This is one of the reasons behind the high demand for the technology. If it was relevant in just one industry or a single department, it would still be somewhat valuable. As it is, proper use of these tools could swing industries in favor of the earliest or most proficient adopters. Now, it's time for leaders to decide – not whether their departments need BI, but which sections require them most.
Interest in finance
CFO magazine recently reported that CFOs are interested in bringing in employees who are capable of performing analytics functions. The source explained that a Robert Half study, via CGMA, found 61 percent of financial leaders value BI skill and 82 percent already teaching related skills within their own walls to ensure their teams can tackle information in an efficient and organized fashion.This makes sense, as financial departments are both deluged with facts and figures and required to make quick, accurate decisions, two factors that make BI a good match for them.
The source explained that CGMA probed the situation further and found that simply knowing how to use BI technology itself may not be enough to call someone a great financial analytics user. Ideally, such professionals will understand other hardware and software ideas and concepts. The information crunched in a BI algorithm has to come from somewhere, and a more intimate glimpse at that process could make users more capable of parsing and using analysis operations. In any case, the leaders of financial sections and companies in the banking industry are no doubt hugely interested in getting their various BI programs off the ground soon.
Crunching numbers and comprehending data
No matter the department in question, taking a narrow or limited view of corporate information may be folly. Users need to dig deep and come up with inspired analysis that takes all relevant factors into account. IT buyers may find that they are searching for software that can both suit the needs of many different professional groups within their organizations and present those individuals with insights inspired by a wide range of content. Solutions such as Necto 14 stand out for this reason, combining custom interfaces with the ability to combine conventional and big data.