One of the most challenging tasks when planning a new business intelligence project is the selection of the right tools to achieve the best possible return on investment. You will have many decisions to make depending on your company’s needs. This poses many questions such as: Will you need new servers? Will you need to host it in the cloud? Will ETL (Extract-Transform-Load) tools be needed to manipulate data or to combine multiple data sources? Will you need cube technology (usually dubbed OLAP)? What type of reporting tool will you need? All of these questions need to be answered carefully as they affect each other on your way forward.
A criteria-based approach should be used in selecting each software. This approach in evaluating software provides you with a quantitative measurement of quality before you commit to a specific tool. When evaluating business intelligence reporting and analytics software, the following 5 criteria are your top priority, but should not be the only criteria used: flexibility, security, learnability, mobility, and evolveability. Let’s take a deeper look into each of these areas.
Year after year the hype surrounding data analytics becomes louder. Thought leaders and research organizations have sung the praises of analytics as a means for generating much-needed insight into business operations, and companies that have embraced analytics have been able to translate insight to better operational productivity and faster, more accurate decision-making. In a competitive business environment where your competition is just as hungry as you are to reach and secure new customers and where business leaders need to make accurate, fact-based decisions about the company’s future, analytics can be the game-changer that makes the difference between success and failure. Here’s how:
The beauty of analytics is that it can serve as a guideline for transforming sub-par business performance to one that is efficient and profitable. Whereas reports provide a historical view of what transpired, analytic output is forward-looking, and plays an integral role in helping executives plan for the future.
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One of our blog authors, Dwight deVera – arcplan’s Senior VP of Solutions Delivery – was interviewed recently by Forbes. This week, the feature piece was published and I thought I’d share it with our readers.
arcplan Makes Chaos Comprehensible
With its promise to deliver order – or at least orderly reports – from the chaos of heterogeneous systems, and provide results including live data updates to mobile devices, arcplan has opportunity for continued growth.
The article highlights arcplan’s flexibility and independence, which allow us to consolidate Excel spreadsheets and dispersed data into reports, scorecards, and dashboards that simply work on any device. It also comments on some of the new features in arcplan 7.5, like drag-and-drop from arcplan to Excel, Live Screenshot widgets, and more.
Dwight also shares his opinions on the popularity of Excel, the iPad as an executive tool, and how he expects Microsoft’s Surface tablet to perform.