With 2014 coming to an end faster than anyone could ever imagine, the time to start thinking and planning for 2015 has fast approached us. With the start of a new year comes a number of technology changes to consider. With the following new BI Trends, Business Intelligence (BI) should not be on the long list of things for any organization. While some of these trends are already being implemented, with the potential to expand over the next year, there are a number of proposed changes that could fundamentally shift business processes. Below we will uncover what to expect when looking into BI trends for the year of 2015. Continue reading this post>>
Traditionally, one of the first steps to designing a dashboarding or reporting solution is to determine what screen size to use as a basis for layout. Typically, the solution’s layout will be designed to look good on a “standard” laptop. The smaller screen resolution looks a bit small on large monitors, but at least the whole application fits on the page. But that can’t be the ultimate goal, right? The advance of responsive design allows for mobile devices to view the same content, but allows for the application to be scaled up to larger monitors as well. When creating responsive applications, it is important to keep in mind what device is being used to access the solution. This should determine how much and what kind of data to provide the end user.
Over the years, there have been several forces behind the surge of mobile devices. With the influx of devices in today’s market, unlike the limited options you were once faced with, now there is something for everyone no matter your style, color, or operating system preference. On top of this is the introduction of Quadcore to tablets, 4G, and the continuous adoption of HTML5. This proliferation of devices gave rise to the phenomenon of BYOD.
With the emergence of this trend, businesses realized they had decisions to make and quickly: Do they stick to their current policies and only support company issued devices? Do they adjust their current strategies and infrastructure to support new BYOD policies? In hindsight, with the growth of BYOD, lurks the inevitability of having to create apps for each screen for the large number of devices, which is not only time consuming but requires resources. In the end, companies want end users to be happy and productive while ensuring your IT departments sanity.
Business intelligence is the key to unlocking insights from data and empowering company leaders to make impactful decisions, act swiftly even in volatile market conditions, and plan strategically for the success of the organization. arcplan is celebrating its 20th anniversary this year, and BI has been around at least as long as we have. Over the last 2 decades, we’ve seen companies make similar mistakes – mistakes that undermine the success of their BI initiatives. Those new to BI should learn from their predecessors. Here are 5 common BI worst practices and how to avoid them:
1) Blindly buying technology without considering your analytical requirements
BI projects do sometimes fail; it’s not something anyone likes to talk about, but most of the time these failures can be blamed on a lack of requirements gathering. Vendors like us have to ensure that we understand our customers’ requirements inside and out in order to deliver a solution that will be successful and demonstrate concrete ROI. But the truth is, some companies don’t have a thorough understanding of their users’ needs before they start evaluating solutions. Too many organizations start “feature wars” with vendors and end up buying the solution with the most perceived bells and whistles – features they barely understand and will never have a use for.
This is a much of a problem for customers as it is for vendors; it’s our job to ensure that what we’re selling you will have value to your organization, and a lot of that comes down to understanding your users’ needs. But if you don’t understand your users’ needs, how can we?
The first thing you must understand before you try to purchase a BI solution is the analytical problems your company is trying to solve. Don’t get side-tracked by fancy bells and whistles that will not solve your business problems. Avoid the feature wars and make your shortlisted BI vendors prove that their solution is a match with a custom demo or proof-of-concept application.
2) Using BI as a gateway to Excel
Not Your Father’s Financial Statements
Recorded Date: October 23, 2013
Length: 30 minutes
Presenter: Dwight deVera, arcplan Senior VP of Solutions Delivery
About this webinar:
The standard financial reporting process that your organization uses to manage itself has been in existence for over a century. There is no reason why executives should settle for financial statements that were first designed prior to the existence of computers. In this webinar, we discuss best practice techniques to visualize the data locked in your financial systems and alternative formats for your financial statements.
See ways to make your statements more visual and interactive with ratio analysis using radar graphs, historical performance using bridge and waterfall analysis, commentary and more – in effect, you’ll learn how to make your company’s financial data more consumable to a broader audience.