7 Key features of Business Intelligence & Analytics
Are you thinking of implementing a Business Intelligence solution?
Implementation of Business Intelligence solutions includes various steps and tools. Depending upon your requirement various analytical tools help you to take your important decisions through data analysis. It is also done through analytical processing, machine learning, and data mining.
A BI tool fulfills a comprehensive range of business data needs. But, do you know before you select a BI & Analytics solution to implement in your business processes, what are the major key features of Business Intelligence tool you should keep in mind? While getting the solution implemented, these tools will ease your life and of course, decision-making capabilities.
Top 7 features of Business Intelligence & Analytics tools
1. Intuitiveness & Infrastructure
The intuitiveness, easy usage, and simple implementation of BI infrastructure allow you to streamline work processes. It also ensures smooth workflow collaboration. Make sure, that while finalizing the scope of work you should always focus on the good UI and sensible reports. Also, your business dashboard should be robust and intuitive. This is the basic & the primary feature you should look at.
2. Integration
BI solution should be able to integrate the existing infrastructure including 3rd party data warehouses, and internal SQL server configurations. The integration will enable you to have a single BI platform. It indeed helps in taking fast decisions as all the data sources are connected. It also brings data to a single place to help you leverage the most out of your data. You can do it by integrating artificial intelligence into your software.
3. Reporting
One of the major features you should focus on is the reporting, the reporting format should be up & fine and should be able to manage the business requirements, and should be comprehensive. You should take care that the customizable reports functionality should be available.
4. Dashboard Management
Having an interactive intuitive dashboard is always a key aspect of implementing the BI solution but always remember to keep a check on the having the different user access levels so that you can provide the interface to your employees to share the required information to ensure easy collaboration with the team and can increase the productivity.
5. Predictive Analytics and Modeling
Modern BI solutions majorly help you to analyze the data and trends by analyzing your previous data sets. But one capability that a BI solution must-have is the predicting capabilities, it enables the decision-makers to predict the market trends, and other business requirements like sales, staffing, market trends, etc.
6. API
Business Intelligence or BI software having an API pushes the data directly into your existing system. In a nutshell, this makes it easy to integrate and enables to be platforms agnostic.
7. Satisfying your current and future business needs
This can be one of the key factors in the implementation of a BI solution that it should be able to satisfy your current business needs along with this it should be able to satisfy your future business needs. So, when the business scales your BI solution should be able to adapt the scalability and be easy to customize based on your future business needs.
Conclusion
As many organizations take benefit from actionable, understandable data they are using to optimize business operations as BI streamlines operations, reduces workloads, improves productivity and of course, helps you to understand all this through the above-mentioned critical BI capabilities. So, when next time you are looking for a BI & Data Analytics solution consider the above capabilities and make the most out of it.
Want to know more about, how you can make easier, faster, and better data-driven decisions, drop us an email at hi@thinklayer.com
