Business Intelligence Information

Info and Background Information for a better Understanding of Business Intelligence

There are many opinions when it comes to Business Intelligence. This has a lot to do with the development of the market, the various BI solutions and the expectations customers have for Business Intelligence. It is important for us to help you better understand the challenges and preconceived notions Business Intelligence faces. The media have publicized numerous incorrect assumptions and misunderstandings. We would like to use some examples to show you if there is something to these opinions or not.

Business Intelligence Challenges:

• BI must be customized for the needs of the department and/or corporate management: This requires a clearly defined task description. Especially the cooperation between the department manager and your IT contact partners plays an important role in this regard. Clear communication and a detailed description of the task are essential for the success of the desired result.
• BI solutions must always be flexibly adaptable to the customer’s requirements: This particularly requires the correct selection of the software solution and experienced users. It is usually more efficient to outsource the service to CoSMIT.
• BI most become less complex, especially with regard to the user friendliness of the tools: The trend is to simpler tools (e.g. open source solutions such as BIRT), clearly structured displays (dashboards, KPI) and innovative user handing options. Supported by our team, you as the user will be able to build your reports yourself.

Preconceived Notions about Business Intelligence:

• BI is too complex and expensive for us: A statement that by now is only true for small and medium-sized businesses. All companies benefit from professional reporting systems offered by the open source or leased solutions provided by CoSMIT.

• The insights from the results of the analyses do not tell our company what it needs to know: In this case, the analyses are usually not informative enough or based on incorrect data. To prevent this from happening, our team is involved in the entire reporting process and removes sources of errors.

• It takes to look to implement BI systems and to train its users: CoSMIT solutions are easy to use and do not require lengthy training courses, because they combine professional and technology know-how. Just ask our customers; they will be glad to confirm it.

Do you have any questions about this topic? Call us or use the contact form.