{"id":2732,"date":"2022-11-02T17:02:28","date_gmt":"2022-11-02T17:02:28","guid":{"rendered":"https:\/\/www.oztera.com\/?p=2732"},"modified":"2022-11-02T17:02:28","modified_gmt":"2022-11-02T17:02:28","slug":"why-do-i-need-a-business-intelligence-solution","status":"publish","type":"post","link":"https:\/\/www.oztera.com\/why-do-i-need-a-business-intelligence-solution\/","title":{"rendered":"Why Do I Need A Business Intelligence Solution?"},"content":{"rendered":"<p><span data-contrast=\"auto\">With the amount of data stored by companies growing exponentially, business intelligence (BI) grows ever more important as organizations need to translate that data to meaningful insights that will support future growth and strategies.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As <\/span><b><span data-contrast=\"auto\">BI technology<\/span><\/b><span data-contrast=\"auto\"> has advanced, deployment, licensing, and support options have made it more accessible for organizations of all sizes. Virtually every business can benefit from BI.\u202fSpecific issues or scenarios that are good indicators a BI\u202fdiscussion should take place include:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">The need to integrate data from multiple business applications or data sources<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Lack of visibility into the company\u2019s operations, finances, and other areas<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">The need to access relevant\u202fbusiness data\u202fquickly and efficiently<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Increasing volume of users requiring and accessing information and more end-users requiring analytical capabilities<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Rapid company growth or a recent or pending merger\/acquisition<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Introduction of new products<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Upgrades within the IT\u202fenvironment<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">There are several benefits a BI solution offers to an organization regardless of size:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">Share information efficiently and effectively across your organization<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">BI makes it easy for everyone \u2013 from decision-makers to functional teams \u2013 to access and analyze up-to-date information anytime, anywhere.\u202f Everyone throughout the company can make better decisions, faster.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">Empower your people<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">Providing employees with access to analytical data that is readily available and understandable allows them to work more effectively and support the overall business strategy.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Simplify collaboration and improve alignment with a single source for accurate financial and operational information<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Having a single, central location allows you to monitor your key performance indicators (KPIs), access reports, analyze your data, and share documents.\u202fFunctional areas can align to articulate strategies, set objectives, and monitor the organization\u2019s performance so you can make better informed and timely strategic decisions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">Deliver meaningful analysis and reporting<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">Readily track and analyze KPIs against key business goals to gain a better understanding of how your business is performing today and not when it\u2019s too late to impact performance.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">Have a solution with the scalability and flexibility to grow and change as your organization does<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">Most companies still have their valuable data stored in services or massive Excel spreadsheets. While Excel has many useful features it doesn\u2019t scale to your business, but it doesn\u2019t scale to your business and compiling data from multiple, disparate databases is time-consuming and is prone to errors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With Microsoft\u2019s Power BI \u2013 a cloud-based, self-service business intelligence solution \u2013 you have a tool that can scale and grow with your business. It allows you to consolidate and analyze data from different sources, combining them into reports and dashboards to illuminate what\u2019s happening in your business.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If you\u2019re familiar with Excel, then the BI learning curve is a snap. Not sure if <a href=\"https:\/\/www.oztera.com\/power-bi\/\">Microsoft Power BI<\/a> is the right BI tool for your business?\u202f<\/span><a href=\"https:\/\/www.oztera.com\/contact\/\"><b><span data-contrast=\"none\">Contact us<\/span><\/b><\/a><span data-contrast=\"auto\"> today to schedule a call on how it can unlock silos in your business and bring your data together to deliver meaningful insights and drive impactful business decisions.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Move to the Microsoft Eco-system with Oztera!\u202fIt is more affordable than ever before.\u202fOztera has Industry Specific Solutions for the Agriculture Industry and Wine Industry, along with supporting businesses in Distribution, Manufacturing, and Entertainment.\u202fCelebrating over two decades and counting with a greater than 90% retention rate.\u202f<a href=\"https:\/\/www.oztera.com\/about-us\/\">Move to the Cloud with confidence with the right Partner<\/a>!<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the amount of data stored by companies growing exponentially, business intelligence (BI) grows ever more important as organizations need to translate that data to meaningful insights that will support future growth and strategies.\u00a0 As BI technology has advanced, deployment, licensing, and support options have made it more accessible for organizations of all sizes. Virtually [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Do I Need A Business Intelligence Solution? - Oztera<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oztera.com\/why-do-i-need-a-business-intelligence-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Do I Need A Business Intelligence Solution? - Oztera\" \/>\n<meta property=\"og:description\" content=\"With the amount of data stored by companies growing exponentially, business intelligence (BI) grows ever more important as organizations need to translate that data to meaningful insights that will support future growth and strategies.\u00a0 As BI technology has advanced, deployment, licensing, and support options have made it more accessible for organizations of all sizes. 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