Business Intelligence Blog from arcplan
26Sep/120

Careers in Business Intelligence: What Makes BI an Attractive Field

by

Along with the demand for big data, better data, and the need for greater insight into company operations comes the need for analytic professionals who can effectively leverage this data to maximize business benefits. But it’s not always easy to find and hire these types of people. Within the past few years, we’ve seen titles such as BI Analyst, Data Analyst, Data Scientist, and Big Data Engineer emerge in job listings as companies seek out much-needed expertise to wrangle their growing amounts of information. As a matter of fact, McKinsey and Company’s often-quoted 2011 report on big data predicted that  by 2018, the US alone faces a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts to analyze big data and make decisions based on their findings. The bright side of this situation is that job seekers with analytic talent and business acumen have a tremendous opportunity to make a positive impact for business teams. BI is a growing field that shows no signs of slowing down, so let’s take a closer look at what makes it attractive to job seekers as well as students deciding what course of study to pursue.

Continue reading this post >>

25Apr/120

What Your Data Wants To Tell You

by

Your data has a ton of stories to tell you – and maybe even a few warnings – if only you would listen. Data talks and today I’m exploring its wishlist:

“Make Me Impossible To Ignore!”
Have you ever been distracted during a phone conversation and missed what the person on the other end said to you? No one likes to be ignored and neither does your data. Sometimes it’s practically screaming at your inventory managers, “Don’t send anymore widgets to Mississippi – they aren’t selling,” or yelling at your marketers, “Stop buying leads from Company X – they’re not converting into revenue!” The problem is that data is easy to ignore, especially if your company culture allows it. Since arcplan is a BI company, we’re ruled by metrics from the top down. Our marketing department keeps track of lead flow on a daily basis with dashboards, so we have constant visibility into what lead sources are best converting to opportunities and which opportunities best convert to closed deals. Sure, it’s easy to just stop looking at the dashboard but then I wouldn’t have a job anymore. Our company demands that we pay attention to our data. Dashboards work for us, since they can be delivered via email on a regular schedule so if we’re on the road, we don’t need to login to any system to view our performance data – we just check our email. Would your company benefit from in-your-face BI dashboards? Maybe then people would stop ignoring what the data has to say and they’d be able to make better decisions that contribute to improved company performance.

“Hurry Up, Please!”
Do you wait days or weeks for IT to deliver the data you need to perform analyses? If so, you’re not alone. Many of our clients come to us when they tire of this wait time and are starting to see the competition pull ahead as they’re able to make more agile business decisions. Our client Japs-Olson, a commercial printer in Minnesota, was waiting a week or more for reports from IT when they decided to implement an arcplan BI solution. Now it takes their CFO – who you’d classify as a regular business user, not a report or dashboard designer – minutes to create a new report. That kind of quick turn-around is what separates top performers from the rest of the pack…

Continue reading this post >>