Three Approaches to Business Intelligence Tools

When defining its Business Intelligence (BI) strategy, an organization can take three different approaches, depending on which fits its needs. First, an organization can simply use the out-of-the-box (OOTB) tools that come “for free” with their ERP system. Other businesses may find that they need a third-party BI solution to get the results they are looking for from their BI initiative. Finally, organizations needing a more robust BI system can build their own custom solution.

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Working with a Preferred BI ISV

These days, there are many companies offering Business Intelligence (BI) solutions. While some companies may be offering a cheaper solution, one must consider the benefits of working with a preferred Independent Software Vendor (ISV) before making a selection on package price alone. Though the ISVs that are closest to an ERP software company may be more expensive, that close relationship can pay dividends.

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The Next Step in Business Intelligence: The Power of Self-Service BI

These days, more and more companies are investing in Business Intelligence (BI) and it is driving today’s business decisions. Mounds of data can be collected across multiple data sources, but it takes BI to make sense of it all and present a unified story of how a business is doing and what it might encounter in the future. BI solutions have matured and many products do a great job of sifting through the data to present insightful analytics and powerful predictive models. So what’s next?

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Characteristics of Successful BI Data

The power and effectiveness of a Business Intelligence (BI) initiative relies heavily on the data driving the analytics and reports. This data needs to be cleaner, deeper, and faster so an organization’s BI tools can do their magic in putting valuable information at the fingertips of their employees throughout the company structure.

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The BI Process: Keys to User Adoption

Business Intelligence (BI) continues to be one of the hottest topics in the industry. Whatever the aspirations, big or small, the path to a successful BI implementation must be followed with care at every stage. Most important, obvious yet often overlooked, is getting a very clear picture of the ultimate goal of the BI initiative. It’s easy to get caught up in the BI buzz and feel driven to implement something yesterday, which can lead an organization into buying a software package before knowing what it is trying to accomplish.

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Change Management at All Levels

Choosing the right ERP package does not automatically produce the desired results. How that software gets implemented is so much more than how that software gets installed. In particular, how that software is adopted by the people in an organization is crucial to how well the software reaches its potential. Effective change management, designed to manage the implementation of the new system, is critical at all levels of the organization.

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Fit Gap Strategies

A fit-gap analysis is a vital part of selecting and successfully implementing an ERP software solution. Without knowing where the software complements existing processes and, even more importantly, where there are gaps between requirements and functionality, the risk of a failed ERP implementation rises dramatically. Organizations can take different approaches to a fit-gap analysis, including brainstorming, questionnaire-based inquiry, and simulation.

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