As you may have read on our blog last week, internal reporting and analytic features are emerging as the latest trend in business intelligence (BI). This is not a surprising trend, as most people today are anxious to get their hands on real-time information as quickly as possible in order to make effective business decisions.
The Premise of Integrated Analytics
“…insight should be available within the applications used every day, not as a separate process or system that requires different credentials and its own workflow. In an ideal construction, analytics becomes part of the overall fabric (framework or structure) of the application system, leading to more and faster usage and the quick time-to-insight that underlies solid, fact-based decisions.”
Who Is Expected to Use Internal Analytics and Reporting?
While internal analytics and reporting features will be of benefit to everyone within the business, upper management will benefit greatly. These employees are often not daily users of business intelligence solutions or programs, for they only need the facts and figures that will grant them insight into the business. For this reason, many of those in upper management are given “view-only” privileges so they can get their hands on the reports and data they need as quickly as possible without having to filter through a mass amount of data.
These integrated business intelligence solutions can now perform functions that were once required of employees. Internal analytics and reporting can now provide companies with several different scenarios of business data, eliminating the need for company-wide meetings where employees present data via power point or other presentation scenarios.
Internal business intelligence gives employees access to real-time data in applicable formats. How could your business benefit from internal analytics and reporting features? Have you already integrated these features into your business intelligence solution? If so, please share your experience in the comments below.