Centralized Business Intelligence
CENTRALIZED VS FEDERATED
Federated BI is failing because allowing individual departments to have their own IT systems and services is creating silos and is not helping organizations meet their goals and objectives.
Centralized BI is on the rise because when done correctly, it can simplify administrative tasks, improve data security, make data management and sharing a lot easier, and save the company a lot of money.
ONE VERSION OF THE TRUTH
The knowledge should not stay in just one department or get lost in excel hell. It should aggregate multiple areas to enable the company to get ahead of trends. The organization as a whole gets smarter as people work together. In centralized BI everyone sees the same version of the data, according to the permissions previously set by IT. Some only view data, others edit it, and others administer...but there is only one version of the truth for everyone.
SECURE AND GOVERNED
In federated BI, if there is a data leak everybody blames IT. But then IT claims they did not know there were desktops in certain departments using data. This is why centralization is key. It enables IT to determine who has access to which data and define private folders or public dashboards. Clear data permissions are defined, and information can only be seen and shared with the people that are allowed to do so. Business users can enjoy self-service capabilities, while IT maintains data security.
STATE OF THE ART BI
Necto offers all the benefits of traditional BI and combines them with state of the art technology to provide users with automation of dashboards, automatic insights and exceptions, plus the ability of the users to define their own thresholds, geo-analytics capabilities to view data reflected on maps, automatic KPI alerts and notifications, and the ability to collaborate with colleagues within the platform to enrich and annotate the data.