The Death of Business Intelligence

The rise of the cloud in BI: How to take advantage

Posted in Business Intelligence by TheLondonEconomic on September 2, 2013

The cloud is becoming ever-more important in the world of business intelligence so it is important to know how to take advantage.

Business intelligence (BI) software is a concept that more and more business across the world are getting a hold on, using the analytics technology to steal a march on the competition and get ahead of the game.

However, despite the innovative nature of BI itself, there are always new developments, and this has meant changes that companies need to stay on top of – one of the most pertinent of these has been the rise of cloud-based BI software.

The cloud allows business to access this technology from anywhere in the world, allowing for remote working from home and business trips, which can cause large-scale savings throughout a number of years, but how do businesses take advantage of these advances and make sure they are using them to their advantage?

Price

There is no doubt that in its infancy BI technology was something aimed at largely the biggest companies around the world, as those with the deepest pockets were able to shell out on what was an expensive luxury.

However, as it has developed and prices have come down, and particularly since the technology moved into the cloud, it has become something far more accessible to smaller firms as well.

To make the most of this, it is vital to shop around and do some research before committing. A smaller outlay on the right BI technology for the job can end up making all the difference to the bottom line.

Security

With any cloud technology, security becomes an issue. While with office-based software, someone more often than not has to be present to take advantage of any security lapses, the cloud can allow for cyber attacks more commonly.

For this reason, businesses need to ensure that they are choosing a vendor with a good track record for things like encryption and ensuring that only the right people have access to the cloud. This can stop vital information from being leaked to the wrong people and damaging the business.

Training staff well can also ensure that security is high. If they are going to be working on the cloud for the first time, it’s vital that they know how to keep the data they use safe and not risk it being accessed by unauthorised parties.

Mobile access

Being able to access the cloud over mobile channels is one of the biggest advantages of the modern age, and so ensuring that your BI vendor can provide this is an absolute necessity.

All staff will have access to mobile phones and tablets, so it can be great to put these to good use and get the maximum amount of work that businesses can from their staff. When people are travelling between offices or on business trips, having access to BI via the cloud will ensure that they can still work and capitalise on their time away from the workplace.

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Advantages of mobile BI

Posted in Uncategorized by TheLondonEconomic on July 26, 2013

Mobility is paramount in the contemporary corporate world and it is no longer practical to run operations from the confines of an office-based desktop.

An interesting column in the BBC’s Magazine recently tracked the history of the office in Britain, finding that the earliest usage of office space was The East India Company, which required a space to manage their increasingly expanding empire. With paperwork and bureaucratic duties accompanying the company’s growth as a trading company, East India House in London became the earliest form of the modern ‘headquarters’ we recognise today, used to process information and make decisions about things taking place thousands of miles away.

Indeed, The East India Company were responsible for pioneering many traits of modern commerce. ‘Working hours’ and clerical duties around the office were also formed in these early stages, and even work-related stress came about as workers struggled to accept their new roles spending each day copying out letters and accounts with no prospect of promotion. But reflecting on the modern corporate sphere, one gets the impression that the foundations laid by the old trading company are being gradually eroded, as businesses acclimatise themselves to a new mobile world.

The obsolete office

Remote working has long been a desirable concept, but it is only recently that it has been facilitated by technology. Phones and emails are customary components on modern phones, but managers require the entire business to be at their fingertips if it is to become fully mobile. DS Panel’s Performance Canvas mobile BI Server offers users mobile access to dashboards, scorecards and other forms of business intelligence through a high performance server platform with an integrated zero-footprint design studio. Here’s why it pays to go mobile:

– Keep in touch: managers can keep in touch with the business situation and communicate with teams in real time to initiate action.

– Easy dashboard and scorecard formulation: It is quick and easy to create performance dashboards or scorecards based on the defined business terms using nothing but a web browser responding to a new business need.

– Always connected: Performance Dashboard and Scorecards can be shared with other users by emailing a simple link.

According to a study by the Aberdeen Group in May, the key advantage for companies is an increased ability to gain business insights (52 per cent), followed by more information during customer interactions (43 per cent), and increased mobile employee productivity (27 per cent). The survey found 57 per cent of respondents are considering deploying a mobile BI strategy, with 62 per cent of these planning to implement it over the next 12 months.

Firms slow to capitalise on mobile BI

But although more than half of organisations are mulling a mobile BI strategy, few are taking the initiative and implementing one. That was the results from a recent study of 500 organisations conducted by Jaspersoft. They found that despite 85 per cent of respondents recognising the advantages of accessing BI tools on mobile devices, only eight per cent have deployed it so far, prompting experts to say that more urgency is needed in the market in order for the benefits of a mobile workforce to be recognised.

If you looking to augment your existing product line with a well established, high quality and low priced BI and Planning solution, Performance Canvas has already been embedded by NASDAQ-listed enterprise vendors as well as private software companies. Contact us to find out about the benefits of embedding Performance Canvas into your software today!

Dashboards and politics; BI at number 10

Posted in Uncategorized by TheLondonEconomic on July 23, 2013

The private sector function of business intelligence dashboards may soon be transferred into the public realm as world leaders look to get an up-to-date, detailed view of current events affecting their jurisdictions.

British prime minister David Cameron has collaborated with the government’s internal IT team to create an application that keeps track of live data relating to areas such as jobs, the economy and housing. Using a typical business dashboard, the PM is presented with a range of valuable information with a few swipes of his tablet device, which can help inform on vital decisions and could transform several public office duties if successful.

Making data palatable has become a vital component of business intelligence systems as more managers without data backgrounds look to capitalise on the wealth of data available to make informed decisions. In order to make this possible, forging better relations with the IT department is crucial, which is precisely what Mr Cameron has looked to achieve in 10 Downing Street.

However, in the private sector, this marriage of business leaders and technology experts has yet to come to fruition. A recent study by computing.co.uk revealed that there is a mismatch between IT and business users in terms of expectations and delivery of BI projects. At the centre of the mismatch is confusion over what business managers want from their BI projects until after the project is completed. This happens when the information isn’t up-to-date and isn’t accessible, leaving key data lost in translation.

Simon Ryan of computing.co.uk said the difference between successful BI projects and unsuccessful ones is when “IT has anticipated that users will want more and have chosen a BI or dashboard solution that is fast to build, with a pricing structure that does not penalise successful adoption, which can accommodate any internal or external data source without complex data modelling, and can be deployed to any PC, tablet or smartphone.”

DS Panel’s Performance Canvas is a complete business intelligence solution designed to give end users the power to create and modify visual analytics and dashboards, to answer any question at any time. Users can create new dashboards or work on existing ones right from their favorite mobile device, democratising information and putting key insights into the hands of decision makers.