In Brief
Traditional business intelligence software is inflexible, expensive to buy, difficult to change and unable to serve the many disparate needs organizations have for insights.Industry research suggests BI tools commonly serve less than a quarter of the people who actually buy them.
Organizations faced with an ever changing set of analysis requirements are now seeking more adaptable and collaborative business intelligence that delivers enterprise-wide analytical applications that are able to grow and meet emerging demands for business intelligence.
Benefits
Reduce/Avoid CostsKill activities that do not contribute to targeted priorities.
Decrease Risk/Liability
Analyze premiums, claims, profitability and risk by customer, type of damage, product and country. This gives underwriters the visibility to make better informed decisions in less time.
Increase Business Opportunity
Analyze inventory and accounts receivable data to decrease aging receivables and decrease inventory.
Increase Revenues
Track rising operating costs such as transportation, commodities etc. and their impact on profit margins.
Challenges
For Business Leaders1. Supporting the information needs of leaders across the enterprise.
2. Acquiring rapid perspectives to make informed judgements on new business situations.
3. Delivering management intelligence on business activity through transitions.
For IT Leaders
1. Sourcing adaptive business intelligence able to support the broad demands of leaders at all levels of the enterprise.
2. Maintaining data governance and security over disparate data served to user communities that extend beyond the enterprise boundary.
