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Before the web gained popularity, businesses could only bring in revenue during normal business hours (usually from 9-5). Then the web came around and changed everything. With a web presence, businesses could bring in revenue 24/7.
Everything is changing again. With the rise of mobile, 24/7 just got longer. …
Have you ever purchased business software, only to realize later that it didn’t quite meet every requirement? Maybe you overlooked a requirement, or maybe you assumed certain capabilities were standard, but they weren’t.
If you’re looking around at reporting tools, I want to help you avoid that mistake. The first (and most important) piece of advice is this: Never assume. Don’t just assume that every tool is created equal, or has similar features. Some tools may look impressive, but completely leave out some “basic” features.
So, what do you look for in a reporting tool? Obviously, the requirements vary by company, but I believe that certain elements are essential in a good reporting tool. What are they? We’ve put together a handy list of 6 essential elements you should look for in any good reporting solution. I hope you find it useful!
Just the other day, someone asked me this question: “What is business intelligence?” It got me thinking…I frequently write about business intelligence (BI) and why it’s important, but I’ve never really defined the term. In this post, I’d like to take a step back and give you the what, why, who, where, when, and how of business intelligence. Sound good? Okay, let’s get started…
What is business intelligence?
Most companies collect and store data covering all areas of their business. This data sits in a database and is really pretty useless in this format. What do I mean by that? If you looked at data in a database, it wouldn’t make any sense and would most definitely overwhelm you. This is where business intelligence comes into play. Business intelligence is the process of taking that (overwhelming) data in your database and presenting it in an understandable, accessible, and useful fashion. …
I’ve recently noticed more and more companies asking this question: “Can you integrate this dashboard with Sharepoint?” While it seems like a basic question, it highlights an underlying trend. I’ve noticed a shift in the business dashboard landscape. Business dashboards are no longer good enough. The question is not, “Do you have a dashboard?” Now, the question is, “Where can you integrate/access your dashboard?”
What do I mean? I’ve noticed that more and more companies want dashboards that:
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You probably know the benefits of application modernization – more capabilities, decreased maintenance cost, increased integration with web services, etc… All in all, most companies stand to gain more than they lose from modernization.
If that’s the case, why isn’t every company rushing to modernize? Well, as with any big undertaking, there are risks, and these risks hold many back. However, most of these risks come from a lack of experience…a fear of the unknown. I’d like to go over 3 of the most common modernization fears and then explain how to avoid them:
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Pivot tables are great analytical tools—they sum up large amounts of data and let you view it in just about any way possible. More importantly, they help you quickly analyze business information, discover trends, and make better and more informed decisions.
Pivot tables are typically found in spreadsheet software, such as Excel. Spreadsheet-based pivot tables are great as single-user tools, but you run into problems if you want to distribute, share, or let multiple users alter or view one spreadsheet. Also, if security or data accuracy are necessities, spreadsheet-based pivot tables aren’t ideal. …
Building and using Pivot Tables (explained via video)Read More »
An extranet is an extremely useful resource for many companies. For those unfamiliar with the term, it is a computer network that allows controlled access from outside the company. For example, here are a few ways extranets are used:
1. Extranets can be set up for customers to log in and view important data.
2. Extranets can be set up for employees to log in outside the office. For example, your sales force could log in to the extranet and view their sales numbers.
3. Extranets can be set up for distributors to log in and view orders, purchase more products, and view new products. . …
We recently published a couple of educational white papers which aim to reduce risk for companies beginning modernization projects.
The white papers address a common problem: While many companies recognize the need for modernization, few completely understand their options, the hidden risks, and the steps involved. An uninformed company heading into a new modernization project stands to risk significant sums of time and money. …
Business intelligence is a confusing subject. Generally speaking, when a company realizes they need business intelligence (BI), they aren’t clear on everything a BI solution should include. Why not? BI isn’t the same across the board. As a result, comparing BI solutions is like comparing apples and oranges. Each solution contains different elements.
So, how do you know which elements to look for in a BI solution? I think a few elements are pretty standard, like simple ad-hoc reporting, the ability to use multiple databases, and exporting data to Excel and PDF. Besides these basic elements, I’ve put together a brief list of 5 essential elements that every good BI solution should include: …
Five essential elements every Business Intelligence solution should includeRead More »
Report writers are pretty easy to understand, aren’t they? If your company stores data in a database (as most companies do), you need reports. To create all these fancy reports, you need a report writer.
However, beyond the basic features like exporting to Excel and creating pretty graphs, you’ll find that report writers vary in capabilities. While they may all address the same problem (your need for data), each one offers different features. Figuring out what’s best for your company can be difficult if you’re unfamiliar with essential report-writing capabilities. …
Critical questions to ask before buying a report writerRead More »