How BI Solutions Can Help You Gain Zero Data Friction In Your Business?

The biggest obstacle for every organization on its journey to achieve optimal business productivity is Data friction. In the digital-age business world, where data volume continues to grow exponentially, data is the lifeblood for many companies, and too much friction does not just increase a large productivity gap but also keeps the decision-makers away from crucial business insights. Data friction simply means data fragmentation among different enterprise systems that prevent business users from accessing real-time data due to technical debt, technological limitations, or just compliance challenges.

There are multiple approaches for eliminating data friction. Business Intelligence System is an entirely new methodology for aligning your team, business systems and processes, and IT across the organization network to enable rapid, automated management, and analysis of data through advanced data-analytics techniques. BI data virtualization solutions replace traditional data connector processes with real-time automated access to remote data sources, enabling transparent data transformations confirmed to security and compliance requirements.

Why BI Application Is The Right Way To Eliminate Data Friction

Usually, an organization has multiple sources of data including spreadsheets/file data, on-premises databases, cloud databases, or a combination of all of these. If you want to make better decisions for your business, collecting and organizing your multi-data at one data warehouse is not sufficient until you have the techniques and methods to analyze the type of cross-functional data that you need in hand. Power BI Solutions empower you to view and analyze data in multi-dimensions and uncover business insights in just a few clicks that were not possible to get ever before. It helps to create an uninterrupted workflow, not one that confuses your teammates. Strategically, it should not take more than a few clicks or pay extra just to get access to your data.

Rich Analytics Self-Service Capabilities of BI Tools come with self-service analytics capabilities for creating business models, data lineage, impact analysis and automated business insights discovery. BI users can quickly identify hidden patterns or anomalies in their data or connect their favorite analytics tools to dig deeper without any technical knowledge. Let’s explore the best ways BI eliminates these Data Silos in your organization:

Document BI Strategy

Every business has a specific reporting and decision-making process in place. BI implementation is required to evaluate existing systems to identify the areas that need improvement. Based on that information, BI consultants design a BI strategy roadmap, which can include several components depending on your specific business structure and function. However, the major ones that are basic foundations include the following:

 • Identify and select the data source channels. Concerning your business perspectives and decision-making process, it is needed to identify vital data sources which may consist of enterprise systems, stakeholder or departmental information from excel files, databases, or web sources.

• The purpose of BI tools is essential to track business KPIs with supporting data. Therefore, identifying the custom KPIs for your organization is essential in presenting a holistic picture of your business growth and performance.

• Select a format for reporting- Textual or visual. Based on your specifications and the input sources, the BI software vendor can design a customized reporting format for your BI system. It drives uniform reporting across the organization network.

Seamless Data Integration

BI solutions with data integration at their core have a significant advantage in today’s big-data business world. It allows its users easily access, connect to, transform, and visualize information from any source including Enterprise Resource Planning (ERP), Human Capital Management Systems (HCM), Customer Relationship Management Systems (CRM), marketing automation solutions, and other IT legacy systems, etc.

In the context of Business Intelligence, data integration is usually synonyms to ETL (Extract-Transform-Load) or ELT- related activities. This ETL procedure integrates your all data sources into one data warehouse, transforms that into required business formats, and finally loads that data into the Power BI System from where anyone from the boardroom to authorized business users can easily access any type of data you need and analyze combination or filtered data in different ways.

Want to connect with our experts, then contact us at marketing@essindia.com