Business intelligence processes are so powerful because there are clear use cases for them in a huge variety of industries and fields. This is before even considering the powerful new applications that will come from the big data revolution. Every type of industry deals with the same questions of speed, efficiency and effectiveness. BI can revolutionize these concepts, delivering insights that go beyond what leaders could conjure from pure intuition. The back-office processes that power organizations can come into sharp focus, delivering a competitive edge and level of confidence that may have been lacking in the past. Feature sets are always expanding to ensure processes are optimized.
The hospital supply chain scenario
When IT pros think about expanding technology in the health care sector, they are likely concerned about the big issues such as medical record protection and sharing. However, there are ways to bring tech into the field and enhance efficiency by simply treating hospitals as if they were everyday businesses. Healthcare Financial News pointed out that industry expert Chris Bunata has compiled a list of ways supply chain management for hospitals can be better overseen by BI and analytics software. This is not surprising, as there have been successful attempts to integrate BI into other fields, such as retail, which are utterly defined by their supply chains.
According to the news source, Bunata explained his points at the Association for Healthcare Resource & Materials Management's annual gathering. Among the potential advantages was the fact that it may be easier to track spending after an infusion of BI. Leaders wondering just where their supply chain spending ends up can untangle the answers with analytics. Bunata also advocated for the use of BI to plan out and prototype the effects of certain purchasing strategies, as well as to create a direct map that will lead them to success. Many of the planning elements that were manually handled before BI can become more streamlined.
Embracing today's product lineup
Business intelligence has come a long way in a short time. Now, instead of deciding that a supply chain should receive insights from a team within the IT department, leaders can really make the supply personnel responsible for delivering answers. Customized dashboards and visualizations that are relevant to employees in a variety of roles are powering the move toward self-service BI. This is where applications such as Necto come in, allowing organizations to deploy plans that suit their unique situations and make their teams more effective, from CEOs down.