No business owner wants to be at the mercy of their business intelligence technology. While many BI applications can serve your business for a reasonable amount of time, this isn’t the case with most solutions. As you may already know, the requirements and updates that these providers offer are constantly changing and make it difficult for your team to keep your technology up to standard.
In order for you to stay ahead of the curve and reduce your dependency on the technological side for gathering, maintaining and displaying your big data, we’ve listed a few pointers to help you stay on track, regardless of your BI solution.
Prioritize Your Outcomes
Some of the original business intelligence solutions didn’t focus on giving its users valuable outputs. Instead, it employed a bottom-up mentality that emphasized the technology and its glamor. This is why we encourage BI users to NOT get caught up in your BI solution’s characteristics, especially if it’s not providing you with valuable data.
Rather, focus on what you purchased the technology for — tangible information. By using a top-down approach to your business, you should be able to make use out of the critical stats that help you make smarter business decisions. With that said, make sure you have a method to capture key performance indicators (KPIs) and other valuable information to keep your business running effectively.
Don’t Forget About Your Data
Never underestimate the power of your data. In fact, data is everything when it comes to business intelligence. While some BI programs continue to ignore the significance of your data, you shouldn’t. A sure way to lose the effectiveness of your technology is to neglect your data by providing unfinished, doubtful or untrustworthy data and inputting it into your system.
With this said, we urge you to focus on your functional reporting capabilities so you can maximize the use of your data and your current BI solution. Like most tools that you use for your business, the outcome of your work heavily depends on the information that you put into it.
Technology Isn’t Everything
In the past decades, we were all unable to show crucial business information with the click of a button. At least, not easily. While the 21st century has brought several advancements to the BI community and beyond, it has also dragged in many distractions that hinder progress.
Due to the overwhelming amount of gadgets, tools and buttons that are available, sometimes fancy BI solutions can be more distracting than beneficial. Now, with easily-navigable user interfaces, we can perform in-depth functions in less amount of time. We say this, to say that much of your time spent on a BI application should be on analyzing your data and managing your business.
Don’t forget what the “B” in BI stands for — and make sure that it’s at the forefront of your actions.
We understand that in today’s world there are several trends, distractions, tools and specialists that may pull you in several directions. However, when it comes to your BI solution, the goal should be to make use of your data to make decisions that propel your organization forward.
With tools that should give you clear projections for the coming months, your business intelligence solution should be a benefit not a liability. In sum, by implementing these mindsets as a business owner or manager, you’ll be able to keep your focus on what really matters — improving your business.