Surely you have come across the concept – Business Intelligence. But what are the basics and what are the main benefits?
The information flow has never been higher – and there are great demands on companies and organizations that want to keep up. To be able to act quickly and have your feet when making decisions, you need access to good information.
And there is usually a lot of data and information in all its forms. Our computer systems emit huge amounts of information every second – just think about what, for example, the finance, production, marketing and sales department generates in a week!
So then would you think we have all the prerequisites to be able to work data-driven, fast-paced full of insights that our systems give us?
Basically yes, but it requires a bit more. In order for our information in our various systems to constitute a real strategic advantage, they must be bridged and presented in such a way that there is no obstacle for you to access the information you want. Then our raw data can be useful in a whole new way, it can give you insights, or be used for forecasts and analyzes. If you have such a system in place, it is called business intelligence.
Business intelligence – what is it really?
Simply explained, it is about having access to critical information so that you can answer your organization’s most important questions. All your data, from different systems, is transformed into valuable information, so significant and actionable that you can manage your business according to them and make decisions.
At the bottom, of course, is technology, a modern database and software that are designed in a way that you and your employees can approach the information in a good way. But the purpose is to be able to make fact-based business decisions.
A good business intelligence system, implemented with a view to business goals and based on what really matters to your business, will give you strategic benefits. It helps you understand why things have gone good or bad and it helps you gain insights into your business on every level.
Benefits of business intelligence
What are some of the biggest benefits and opportunities of business intelligence?
Of course, supporting your decisions with facts is one of the absolute greatest benefits. View historical data, tune it out now or make future forecasts – then make your choices!
Sometimes you really need to drill in numbers to understand. But sometimes it’s just the opposite, you need the helicopter perspective to see the whole. A good business intelligence gives you both opportunities.
With visualizations, key figures, the ability to zoom in and out, to rotate and turn over the numbers in OLAP cubes, many of your employees can participate in the important analysis work.
Employees have access to data based on their area of responsibility and can see trends and progress. This increases commitment and benefits the entire organization.
Good business intelligence gives users the opportunity to create interactive reports, and you should be able to tell your story with visualizations. It increases understanding and makes the whole organization more efficient.
With automated retrieval, reports that are pushed automatically reduce margin margins alongside any time you win.
A complete platform for business intelligence
We at Trimma have developed a platform with a number of applications or systems for business intelligence. Our systems are based on standard Microsoft technologies, making them extremely easy to use. The product supports an ongoing process all the way from setting goals and planning to analysis and goal management.
The technical platform
The data store is located on the Microsoft SQL Server platform and has a design in accordance with the dimensional model, which means that the database is optimized for reporting and analysis. Data is analyzed using Microsoft Analysis Services (Microsoft SQL Server), which is the world’s most widely used product for OLAP*. Traditional reports are created with Microsoft Reporting Services.
*OLAP refers to an analytical working database that can handle more complex searches than ordinary relational databases.
INSIKT is 100% server-based, so installation, upgrading and modification are only done once. Users only need a browser on their workstation to take advantage of the tool’s capabilities.
INSIKT is integrated with all types of business and business systems. The transfer of information (the ETL process) takes place with Integration Services, which is a built-in component of Microsoft SQL server. INSIKT has packaged integration solutions for the following operating systems: Microsoft Dynamics NAV, Microsoft Dynamics AX, Jeeves, IFS, Raindance, Movex / M3, IBS Enterprise, Incit Xpand, Vitec, Fenix, Husar, FAST2, Visma Control, Visma Business, Visma.net, Agda PS, Agresso and SAP.
Learn more about our products
Are you curious to see what INSIGHT looks like when you work in it? Below we have a short film that shows what it can look like when you work with