Choosing the best business intelligence service

Posted by Dcodetechnologies on February 6th, 2014

Business intelligence happens to be a difficult subject, because often companies realize that they require business intelligence, but they are not able to identify the BI solutions that they specifically need. Two solutions of business intelligence can be completely different from each other, but there are a few elements that the best Business intelligence solutions should have. Let us look at those:

Executive dashboards – These dashboards provide critical information to the company executives regarding any problems before they become difficult to handle. Such dashboards contain graphs that are easy to read and provide a real time view of the business in a single place. These dashboards are customized to suit the duties and areas of interest of the executives.

Ranking report – Such a report creates a variable ranking across various dimensions while specifying different selection criteria at run time. For instance, if you wish to look at the top 25 best customers of the previous year, or you may wish to see the top 5 sales persons in the last month, and the report provides this information. Ranking report is essential to business intelligence because it allows you to take a look at the best and worst of any aspect of the business.

What-if analysis – This analysis allows you to assess business changes that you are planning to make. With the help of past data, you can get an idea how the changes will affect different aspects of the business. For instance, if you raise the prices by 10% how will it affect the overall sales? This kind of tool is essential to business intelligence because it lets you assess the risks and rewards of a potential decision.

Web based pivot table – These are interactive tables, which automatically extract, organize and summarize data. They are usually used for analyzing data, making comparisons, and discovering trends. For people who are not familiar with them, it is best to go for a hand on demo which can be requested from the business intelligence providing company. They are one of the most popular methods for analyzing data and business trends.

Interactive reporting – This is one of the most flexible reports among the ones mentioned here. This kind of report provides you with instant access to a lot of business data in a single place. You start on a high level and go down as deep as you want. This report is essential to business intelligence because it allows you to analyze data in an easy and flexible manner.

The best business intelligence solution will definitely have these features in it which allows you to change the course of your business decisions.

About The Company:

dCode Technologies is an IT enabled business solution enterprise. They offer products and services and are focused to deliver tangible business gains for their service users. They deliver business intelligence solutions which helps in driving efficiency for internal and external process management. dCode Technologies is one of the best big data analytics company in india which deals with big data challenges. They have a team which consists of business analysts and IT specialists which ensures business objectives are fulfilled and delivered on ground reality. dCode Technologies provides a set of powerful plugins to support their business enhancement, sales gain and optimum services delivery process to their users.