Maximizing ROI with BI: Further Exploration

The landscape surrounding Business Intelligence (“BI”) and data analytics is rapidly evolving. One major tectonic shift over the past year is the change from large-scale hardware/software-based deployment models to on-demand/software as a service (“SaaS”) solutions. Before this change, it was often very difficult to justify large expenditures on business intelligence because the total cost of ownership was huge. Now web delivered platforms such as Empower IT’s BI Briefcase?, which require minimal IT staff resources and no additional hardware or software, greatly increase your ability to achieve solid return on investment (“ROI”).

Another dynamic change in how organizations are now implementing BI is the move away from IT deployment toward solutions that instead focus on the business user. One major benefit of this change is that end users are already familiar with web-based delivery platforms because online shopping at Amazon or auction sites such as eBay has become a part of everyday life. This familiarity with web interfaces also reduces training time and costs. Since much of the information presentation is done using data visualization tools, employees don't have to be trained on how to read and manipulate spreadsheets. As the data manipulation is already done, all the employees need to do is visually interpret the information. Data visualization can help employees achieve more insight into the nature of a problem and gain a new understanding of the situation, thus enabling them to make better business decisions.

Let’s quickly summarize the above:

• No additional hardware costs 
• Minimal IT involvement needed for deployment or maintenance
• Web platform provides ease of use and reduced training costs
• Data visualization provides for better and faster decision making

Data converted into useful information provides organizations with a competitive advantage through the application of the right analytics, thus increasing ROI.

Improved ROI is out there, in the data we capture and store, with the application of BI. Empower IT guides its clients along the path to improved ROI. Please give us a call if this sounds like something that your organization might be interest in achieving.
 

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