As the world continues to grow more technologically complex, the boundaries of what technology can do in business applications continue to expand. Simply put, there is technology to support virtually every facet of a business’s operations today.
But one side effect of this reliance on technology is an enormous accumulation of data. Enterprise organizations with a lot of employees, processes, and software tools generate enormous amounts of data.
How does one manage all this data and make it digestible and actionable?
The answer is in two words: enterprise BI. Enterprise BI (business intelligence) is the art of processing enormous amounts of data and turning it into actionable insight. With this knowledge, you can improve and better organize your business.
In this article, we’ll give you a short guide on how to implement enterprise BI in your organization. Read on to learn more.
Leverage the Enterprise BI Right Tool
The first thing to do when building out an enterprise business intelligence program is to leverage the right tool. There are a lot of different business intelligence tools on the market that cater to different needs and functionalities.
Finding the right business intelligence tool the first time you evaluate vendors in the space is crucial. Setting up this kind of tool in your business systems is no easy process. You don’t want to burn time going through several different implementations of this kind of tool.
Make sure that you choose a BI tool that is specifically for enterprise organizations. Tools targeted at small businesses won’t have the feature functionality you’re looking for.
Build a Data Warehouse
The next step in the process is to build a data warehouse. The business intelligence tool that you do will process data that is fed into it. The technical architecture that feeds this data is known as a data warehouse.
The data warehouse will contain all of the information that you want to possess in a specific vertical. For instance, let’s say your company sells a software product. You want a business intelligence tool to give you insight into how your customers are performing.
You need all of the customer data to be fed into a data warehouse. The data warehouse will need to connect to all instances of the software product to accumulate that data.
Focus on Actionable Insight
Last but not least, the important thing to remember with self service BI is that it should be targeted towards actions.
Understandable, digestible data is useless if it doesn’t prompt you to take some kind of action. Your end goal should always be to improve your organization.
Understanding Business Intelligence
There you have it. Equipped with this guide to enterprise BI, you should now have a far better understanding of how you could leverage a business intelligence tool.
With it, you can derive insights into your business that you may never have had previously.
For more business and technology advice, you’re in the right place. Be sure to check out the rest of the articles on our site.
