We live in a time of data, a time where our new, paperless systems have created another sort of digital clutter. And while digital clutter is a lot more environmentally friendly, it can be equally as chaotic and hard to navigate.
As someone who sometimes has a hard time just keeping my personal computer organized, trying to sort countless documents, pictures, and videos, imagine how much harder it is for businesses who deal with massive digital management processes like diagnostic reports, financial analyses, payroll calculations, sales, and so much more.
That’s where Business Intelligence comes in. BI focuses on translating all of that data into something useable, like taking raw ingredients from your pantry, fridge, freezer, maybe picking up something from the store, and turning it into something edible. BI tools take data from everywhere in your business and turn it into more tangible information that will give you a clear picture of the state of your business and help you make effective decisions.
This is crucial for a business. It’s one thing to have a way to gather data, but a completely other process to use that data effectively, and BI is the way to do it. But how do you do it? How can you successfully incorporate Business Intelligence into your business?
At Imperial Technology Partners, we have four focus points that have helped many businesses turn data from multiple sources into a serviceable tool:
- Identify: figure out where we need to collect data from that will be useful in making business decisions and help accomplish business goals.
- Create: use the information to create architecture and presentation formats that will serve many functions and create decision-focused analyses.
- Develop: data quality is improved through the development of remediation roadmaps that improve existing business analytics, timeliness, and reliability.
- Deliver: the analytic platforms that are created work to deliver succinct, key data that will clearly give over intelligence and support operational and financial decision-making.
Business Intelligence can be a game-changer for a business. I’ve seen so many business that countless hours just trying to keep track of basic things like client information and simple sales transactions because of how their data is spread over so many platforms.
Although the new, paperless offices clear up desk and cabinet space, don’t let it take over your time and mental space. Don’t let your business drown in its own data. Stay on top of your business, know what’s going on, and let your data help, not hinder.
To learn more about business intelligence and how it can help your business, check out our Business Intelligence service here.