Increasingly complex business processes and customer requirements represent major challenges for companies and their Business Intelligence (BI) projects. With the latest update of its Unified Business Analytics platform arcplan 8.5 is addressing improved cloud support, forward-looking analyses, and accelerated application development. “With this new release, arcplan is raising the bar for business analytics solutions even higher. arcplan 8.5 offers new and exciting features in particular for the increasingly important area of predictive analytics,” says Hans Peter Wolff, CTO at arcplan. Continue reading this post>>
The term Data Visualization loosely refers to the techniques used to communicate data or information by creating visual objects that are contained in graphics. The end goal is to communicate information clearly and efficiently to users via the information graphics selected, such as tables and charts. In his 1983 book “The Visual Display of Quantitative Information”, Professor Edward Tufte defines ‘graphical displays’ and principles for effective graphical display in the following passage: “Excellence in statistical graphics consists of complex ideas communicated with clarity, precision and efficiency. Graphical displays should: Continue reading this post>>
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.
Collaborative BI enables employees at every level to make meaningful decisions for their areas of responsibility, backed by easily-accessible information and analyses. With 15% of BI deployments containing collaborative elements by 2013 according to Gartner, it’s time to start evaluating the kind of Collaborative BI solution that will work for your enterprise. To help, we’ve defined the top 5 criteria you should consider:
1. Integration of disparate systems
Integration of varying systems is a challenge for most businesses, but one that can be overcome with the right Collaborative BI solution. Enterprises often have several different stand-alone solutions for BI in place as well as other decision-relevant – often unstructured – content that is disconnected from BI systems. Your Collaborative BI solution should act as a bridge between these disparate systems, connecting them with a simple search function that delivers results from multiple BI vendors, third-party systems like SharePoint or e-mail, documents, articles, and user-contributed content. It should also allow users to open and use any report, analysis, or document within the Collaborative BI interface so that switching between tools is unnecessary.
2. Flexibility & personalization
Collaborative BI systems must allow users to perform a variety of actions, from contributing content to bookmarking to knowledge sharing. The ability for users to submit content to enrich the Collaborative BI system is paramount for system affinity and adoption. Who better to contribute content than users themselves – those who are making everyday business decisions with their available data? Users must be able to upload relevant information and reports from external sources (Salesforce.com for example) as well as bookmark items as favorites. In our own Collaborative BI solution, arcplan Engage, users have BI Walls where they can pin frequently-viewed reports or snippets of dashboards. In this way, each user can configure their own personal Collaborative BI environment.
3. Availability on any device