I just reread George Orwell’s 1984 for the first time since high school. I must admit that his idea of ‘Big Brother’ watching us all feels so much more real today than it did when I first read the book. Browser cookies, social media tracking, geolocation apps, the NSA and Edward Snowden all give me the willies. I admit that my laptop’s Webcam is covered with one of my business cards and a piece of duct tape (luckily both are black and match the case). But I still worry about my microphone (testing testing). Continue reading
There are plenty of advantages to employing business intelligence tools in your business, and it can be even more useful when various members of the company can collaborate on projects. Of the many trends evolving around business intelligence, collaborative BI is growing rapidly as more and more enterprises embrace the team approach to data analysis. As the expression goes, two heads are better than one when it comes to putting data analytics to work for a business, as teamwork can allow good ideas to flourish whether choosing which data to use for a given project and how to interpret the analysis.
Interest in collaborative BI grows
Dresner Advisory Services recently released its third annual Wisdom of Crowds® Collaborative Business Intelligence Market Study, and the results made it clear that collaboration is key when it comes to analyzing data with a BI solution. The survey revealed that this aspect of business analytics was important to more than 60 percent of surveyed businesses around the world, according to Midsize Insider.
“… this year there is a rebound in interest in collaborative BI, placing it above such high-profile topics such as big data and social media,” Howard Dresner, the organizations founder and chief research officer, explained. “In addition, we see a much closer alignment between the tools and capabilities that users want and the features and functions that vendors are incorporating into their offerings.”
Harness benefits of collaborative BI
The ability to combine analytics with social applications and crowd-sourcing opens up a world of possibilities for using data to improve operations and strategies. Working with others on a project involving data can make it easier to interpret the information and determine the best way to use the analytics to make changes to current and future projects and operations.
It helps to have a BI solution that makes collaboration easier, and Panorama has software that can satisfy this needs. Necto 14 takes teamwork to the next level by offering options for collaboration along every step of the process from determining what raw data to use to analyzing that information to organizing it with data visualisation. The software allows multiple people to work simultaneously on the same projects, as they can make notes on various infographics, charts and other data and share instantly with their team.
While business intelligence is seeing continued growth, the rate of expansion has slowed due largely to the way companies approach big data. The latest Gartner report indicated that business intelligence experienced an average 8 percent growth in 2013 across the globe, but no one saw improvements higher than 12 percent. According to Data Center Dynamics, the limited amount companies and their employees know about big data is a major reason behind the slowed growth of BI.
Lack of know-how
Big data, which encompasses massive swaths of information, can seem intimidating for those unprepared to harness the potential of data analytics. The news provider suggested that part of the reason big data remains such a mystery to some is that they don’t know how to best put it to use for their businesses. This encompasses everything from knowing which data to examine when looking at a specific operation or strategy to analyzing and interpreting sets of information and how they relate to one another.
However, firms can invest in a BI solution like Panorama’s Necto 14 that makes it easier to collect and interpret relevant data. This software can suggest which sets of information may be useful for a particular inquiry, giving users the ability to gain valuable insights regarding various departments and processes.
Too much importance
At the same time as businesses are having trouble harnessing big data correctly, many are also placing far too much emphasis on this large pool of information. The focus tends to fall more on the collection and storage of big data and less on data discovery and analysis, according to Venture Beat. Having all of this information is only useful when it is then analyzed and put to use to improve a business. In many instances, this can be due to the lack of know-how when it comes to using the data effectively. The self-service BI tools available in Necto 14 allow any member of an organization to extract and interpret big data so it can serve to help departments make strategic changes to various policies and operations.
These issues will likely diminish as more companies embrace modern and intuitive business intelligence tools that can help them better harness big data. Inquirer.net reported that new applications and software that focus on making big data more accessible will put the power of data analysis in the hands of more workers.
Companies in virtually any industry can benefit from business intelligence, whether they want to improve their marketing strategies, enhance overall operations or monitor production activity. There is some preparatory work that will need to be done before a firm can start effectively collecting and analyzing data with business intelligence tools.
Analyze your business’s BI readiness
Smart Data Collective recently surveyed more than 60 chief information officers from U.S.-based small and medium-sized businesses to find out how various companies were using business intelligence. The researchers asked about each company’s current BI platform and usage and calculated their scores on a scale of 0-100, then categorized responses into five categories from lowest to highest levels of BI maturity.
The results showed that 77 percent of respondents were still in the preliminary stages (nascent and low) of BI development. Nascent companies have either made plans to invest in a BI solution or were just beginning to establish methods of collecting big data. For those that fell into the low category, basic data analytics were readily available, but typically only for a select number of departments within a company.
Determine how you could put BI to use
The survey also revealed that one-third of businesses using BI do so to examine data from the past. While examining the details of sales from the previous quarter can provide insight into how well the business did, companies can also monitor real-time data to get more up-to-date information. Panorama’s latest BI software offering, Necto 14, can easily pull the latest information from a database. The ability to see and analyze data in real-time makes it easier for companies to implement changes when strategies may not measure up to expectations.
Make BI available to everyone
Data analysis can have many uses that span across a company’s operations, so it would make sense to use a BI solution that every department can put to use. Logi Analytics reported that since some employees may not be at all familiar with BI tools, such as dashboards and reporting, companies should select software that is accessible to any user regardless of their familiarity with business intelligence. Working with raw data can be overwhelming for people unfamiliar with IT and data analysis. Necto 14 makes it easy for any employee to determine which information they need, and helps them analyze and organize the information into data visualisation through the use of clear, concise infographics.
“Panorama Necto is extremely easy to use and with the self service features our users can create their own private views, reports and dashboards and share the information with their teams.”
Necto has enabled us to expose relevant BI data to our major suppliers where they can analyze the data that is relevant to them. The system is extremely intuitive and most of the users go way beyond reading reports – they easily deploy a wide range of features; creating their own reports, views and dashboards
YES is the only company in Israel that broadcasts multi-channel satellite television to subscribers, and is the first company that provided digital and interactive television services. Since its inception, the company has recruited 578,000 customers who represent about 39% of the multi-channel television market in Israel. YES currently employs around 2400 people and its annual turnover in 2010 was 1.6 billion NIS. YES broadcasts over 150 video channels, including 50 radio and music channels, and a wide range of interactive channels, games, information channels (including portals) and more. These channels also include video pay channels (pay-per-view) and over ten HD channels in i1080 format.
YES has been at the forefront of technology from the start, even in comparison with giant companies in leading global markets. The company is always on the lookout for efficient and new ways to improve its decision-making process and quality.
“YES is an organization that lives and breathes data at the daily level,” explains Ido Bigger, head of BI technology and social networks in the Business Intelligence Department at YES. “The information we need includes daily analyses for services, sales, subscriber activation, faults, campaign analysis, customer care, trend analysis, meeting organizational goals, and financial models. These, as well as many other types of data, are generated and enriched continually by the Business Information Department, which is part of the Information Technology unit at YES. The data is presented and made available to users in two main ways – Relational Reports (BO) and OLAP views on the BI portal which is based mainly on the Panorama platform.”
YES choice the Panorama platform as a tool for analyzing business intelligence (BI) a few years ago. According to Bigger, the main reason for this was: “The superior capability of the Panorama to perform OLAP cube analytics in a faster, easier and simpler way than other BI tools. The Panorama platform served YES as a smart analytical tool for viewing data aggregations from cubes, easily and simply. We came to the conclusion that in-depth analyses do not have to be performed via complex reports, but rather by means of analytics tools that were specifically designed for this.” In a recent review of the alternatives in the BI area, YES came to the conclusion that Panorama’s solution continues to lead the world of Cube Analysis and decided to upgrade their platform. HighView performed the task of implementing and customizing the requirements of YES.
The system installed at YES was the Panorama Dashboard, upgraded with a number of additions and special features. Today it is used by hundreds of users at headquarters from the rank of CEO to team managers. The system holds a broad variety of data, ranging from reports that provide a comprehensive picture of the daily situation, to high resolution in-depth analysis of fault incidents, service, sales campaigns, and so on. Bigger points out the decision to choose Panorama was a result of the high level of satisfaction of the BI staff in YES with its superior analytical capabilities and impressive visualization.
“We are talking about a platform that is simple and interactive for the end user, that provides superior analytics, collaboration, and interactive deployment of information,” said Bigger. “During the years we have worked with the Panorama solution we got the impression that it is an easy and friendly platform for implementation and maintenance, and therefore continuing to work with it was both natural and desirable.We are great believers in Cube Analysis and in our opinion Panorama is a leader in the sphere. Without a doubt, it is very convenient to analyze cubes with the Panorama engine because of its Drag and Drop feature, easy-to-use graphs, and unique analytic capabilities.”
Panorama solution has enabled YES to make the most of its available human capital and technological advantages, and maintain its prevalence in the competitive market in which it operates.
Bigger said one of the benefits of Panorama is its excellent integration with other BI systems in the organization. Avner Katzman, manager of the BI Department, indicated that many of the decisions made in the company are based on the data presented by Panorama. “We are talking about strategic and ongoing tactical decisions. Panorama is an especially useful tool in the customers division where real-time data is presented from the company’s systems and from which we can respond quickly to results from the field and demonstrate business flexibility.”
YES invests in enhancing the customer experience. A central part of these efforts is in the management, measurement and analysis of the organization’s performance,” said Ronny Barnov, Vice President of Information Technology at YES. “The BI systems, and among them Panorama, enable us to provide the organization with a convenient and user-friendly visual picture, and to make knowledgeable decisions in order to improve performance”.
“Panorama is an especially useful tool in the customers division where real-time data is presented from the company’s systems, and from which we can respond quickly to results from the field and demonstrate business flexibility.”
Ido Bigger, Manager of BI Technology and Social Networks in the Business Intelligence Department at YES.
Founded in 1869, Jelly Belly Candy Company is a manufacturer of jelly beans and other confections. Jelly Belly produces the leading gourmet jelly beans in the world as well as other treats such as candy corn and Gummi Bears. Jelly Belly products are sold in 35 countries around the world and in 2003, the company reported annual sales of more than $140m US.
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