[e-book] 9 BI and data trends for 2021
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[e-book] 9 BI and data trends for 2021

Despite all the change this year, data has held, if not strengthened its position, as a critical business asset.The businesses with access to up-to-date data arguably coped better with the disruption because managers and CFOs were able to diagnose their specific situation in detail and move fast. As we look ahead and bring you the data and BI trends for 2021, we can't go past the mega-trend in the business intelligence market—the intersection of data analytics and finance. Here's an excerpt from the new Data trends eBook - when BI meets finance.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Trends, data analytics

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[e-book] 9 BI and data trends for 2021

Despite all the change this year, data has held, if not strengthened its position, as a critical business asset.The businesses with access to up-to-date data arguably coped better with the disruption because managers and CFOs were able to diagnose their specific situation in detail and move fast. As we look ahead and bring you the data and BI trends for 2021, we can't go past the mega-trend in the business intelligence market—the intersection of data analytics and finance. Here's an excerpt from the new Data trends eBook - when BI meets finance.

Read more

Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Trends, data analytics

Business intelligence vs. spreadsheets: What does your business need?

As businesses grow and become more digital, so too does the amount of data available to track and analyze. For people to take advantage of the abundance of data and make well-informed decisions, you must have access to a tool to get a single, real-time, fact-based version of the truth. Unfortunately, because of its familiarity, Excel is used as a catchall for business data. If you're using spreadsheets as your data analytics solution — it's worth reassessing your business tools —ready for the future.

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Topics: Business Intelligence Basics, Job Role - Executive, ERP - Microsoft Excel, business intelligence dashboards

How to increase business intelligence user adoption

User adoption refers to the acceptance of a new system or process in technology. Gaining staff acceptance is an important consideration for companies hoping to move from an old system (such as spreadsheets) to a modern, more comprehensive and efficient system such as business intelligence.  A user adoption strategy is crucial to the new system's success so people know how the software will benefit their specific roles and how they can contribute.

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Topics: Business Intelligence Basics, Job Role - IT, Job Role - Executive

Accounting analytics – how business intelligence helps

A decade ago, an accountant balanced the daily transactions and prepared a statement of profit and loss for the year-end. In recent times, the ERP and spreadsheets became the accountant’s best friend to create static reports and communicate historical financial performance. Now in today’s fast-paced business environment, the story has flipped on its head. Accountants manage the end-to-end accounting process as well as act as strategic partners to growth and success. They use accounting analytics to review data, collect insights and communicate outcomes to people across the organization, so everyone can understand the impact of their decisions in real-time.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, business intelligence dashboards

Five strategic benefits of business analytics

five-business-benefits-of-business-intelligence

Business analytics provide people with an accurate and holistic view of their business. Executives and managers now have the ability to use data for real-time, actionable insights into everything from customer buying patterns to inventory management to make timely and accurate decisions. In this blog, we discuss five strategic benefits of business analytics .

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Topics: Business Intelligence Basics, Job Role - Executive

Financial data visualizations - how they help businesspeople communicate

Humans are wired to love numbers over text, pictures over written content, and dashboards over spreadsheets. To make business decisions with spreadsheets, the finance team has to pore over thousands of rows of data. Analyzing company data lying in cumbersome spreadsheets becomes a chore so is often neglected. But when the same financial data is consolidated using data analytics and presented in a visual format —it’s easier to analyze and communicate the insights with the whole team.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, ERP - Epicor, business intelligence dashboards

Five quick steps to closing a sale

Natural born sales people have something that many people don’t have—charisma. They’re positive, motivating, networking masters and bursting with energy. But having these traits doesn’t mean that they can close. Here's a simple how-to guide to closing a sale.

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Topics: Business Intelligence Basics, Job Role - Sales, business intelligence dashboards

The cost of business intelligence and other myths

Even though the business world is abuzz with business intelligence tools  and the internet is filled with endless information about data and the results it can deliver, there are many organizations that don’t use BI. Perhaps it’s because people believe their current system works fine, or they think the cost of business intelligence is prohibitive, or maybe it’s about the complexity they think is involved in implementation. Whatever you reason, we challenge you to consider BI in different ways.

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Topics: Business Intelligence Basics, Job Role - IT, Strategy, Management and Performance, Job Role - Executive, decision-making

3 ways mobile business intelligence impacts decision-making

Mobile business intelligence or mobile sales enablement is defined as the capabilities and technologies that allow access to reports and insights while away from the desk, working remotely or in the field. Devices used to access mobile BI include smartphones, tablets, and dedicated hand-held devices. Sales people using mobile BI have a competitive advantage of those who don't have access to these tools.

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - Executive, decision-making

How to use BI to gain competitive advantage in business

the-top-eight-competitive-advantages-in-business-by-using-BI

In today’s economy, many businesses find themselves in competition with online retailers and large corporations that are able to offer reduced prices. In order for independent mid-market operations to compete with multi-nationals, managers must utilize their data to gain a competitive advantage in business.

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Topics: Business Intelligence Basics, Strategy, Management and Performance, Job Role - Executive

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