There are multiple departments and processes in an organization. Thus data is scattered across the organization in various formats. Lot of effort is required to gather the data, cleanse it and convert it into desirable format for analysis purposes. An advanced business intelligence Tool eradicates all the issues and minimizes the time to generate critical reports.
In business, decisions have a shelf life. The potency of the outcome is lost if the decisions are not taken at the right time. Haywire processes delays report generation for analysis purposes that in turn delays the decisions. Decision makers can use advanced business intelligence tools to generate report in less time, analyze it and take right decisions at the right time.
You need an expert to clean up the information and convert it in the right format for analysis purposes if you are using traditional BI tools. Business users often face issues due to this as it delays critical decisions. The advanced BI Tool enables non-technical users to generate detailed reports on the fly with little training. Generating reports is as simple as just a drag and drop of graphical objects.
Can be Connected to multiple data sources.
Most of the time, traditional BI tools connect with one data source or at most two to three data sources. They are local data agnostic but lack efficiency when it comes to external data coming from web and other platforms. However, the advanced business intelligence tools seamlessly connect with multiple data sources. This way, it becomes simple to associate common data points and avoid duplication.
One important aspect every decision-maker would like to see is, to slice and dice the data to analyze various trends across different parameters. Many of the technologies do not have this kind of feature. For example, there is one Organization with presence across many Countries, many Cities and many Locations. If a VP wants to check the ‘Payroll Cost’ in all the above aspects, they need to manually select the same in different tables. The technology may not have the feature to show ‘Payroll Cost’ for Countries, Cities and Locations with a single click of a button. The advanced BI Tools have the capability to capture the data to the minutest level of detail, with, drill-down capabilities.
