BI tools that help you facilitate business activity
Regardless of the size of your company and its field of activity, there are certain technologies that can actually streamline operations in terms of analysis, to evaluate current situation, understand market trends and make the best business decisions.
Given the context, EXE Software has come up with a list of tools that can come in quite handy, since they reduce the time necessary for decision making, eliminate error and provide a wide vision pf any business. Moreover, such solutions improve efficiency, reduce costs and facilitate strategy building, based on accurate information.
Here is how each tool can be useful:
- Power BI is a web app that can be accessed from any device and allows users to identify market trends, to include these in their strategies and deliver dashboards and reports in real time; the industries where this technology is suitable are finance, manufacturing/ production, health, sales/ retail, telecom, automotive or media & entertainment
- Tableau allows users to analyse, visualize and share data easily, without the involvement of the IT department, while gathering information from various sources; it is used in fields such as finance, production/ manufacturing or health
- QlikView is an application that can analyse “in memory” data, establishes an automated relationship between information and the relationship can be tracked by the mean of colours; it is mostly used in industries like finance, production/ manufacturing, health, sales/ retail, telecom or energy
- BM Planning Analytics is a planning, budgeting and forecasting solution, with a complex calculation engine, which can automate the planning process in order to obtain fast and accurate results; the technology is suitable for companies in finance, health, sales/ retail, insurance, banking
“BI has become a standard instrument when it comes to analysis, being used in the most diverse industries, ranging from finance and banking, to IT and communications. Nowadays, BI tools operate with huge amounts of data gathered from multiple sources and the results are interactive and can be accessed from a wide array of devices. Looking forward, the tendency is to build solutions by improving technical processes and expanding capabilities”, Sorin Cosmescu, EXE Software CEO, explained.
Companies operating in distribution, retail and services are the ones that can make the best out of BI technologies. Business Intelligence tools are useful not only for strategic planning, but also for streamlining day-to-day operations.