Moving from excels towards trusted data
Companies do in essence 2 things. Make decisions and execute these. That is why decision-making is so crucial for an organization. As organizations understand that making decisions based on facts is crucial, organizations usually grasp towards the capabilities they have. Typically this is common sense and Excel. Neither of those are bad, however it can be a lot better! That is where Business Intelligence comes into play.
What is Business Intelligence?
Business Intelligence is the art and the science of combining data from multiple sources and transforming these into meaningful insights in a repetitive, highly-standardized manner. As it may sound easy, it often comes with challenges like data modeling, data quality, large data volumes, unstructured data, …
Why Business Intelligence?
Let us look back where organizations often come from. They typically start with merging, blending, copy-pasting, … excel files and exports together to come to a certain report.
This way of working is time intensive, error-prune, multiple versions of what should be the same number, … and so on. Business Intelligence combines all this data in a data model that represents your business processes and enforces this single version of the truth.
The implementation is done by highly specialized Business intelligence developers and the outcome is a highly standardized data process that can be repeated night-over-night on large volumes of data and complex logic. This way the business will be able to talk a single language based on data, using the definitions and numbers from the data model.
This transforms decision making from being gut-driven towards data-driven.
How to start with Business Intelligence?
You have 2 approaches to this. Top-down and bottom-up, in the end both ends need to meet. Business-wise you need to be able to translate the business requirements towards a data model that is fit to answer the critical business questions.
From the bottom of your data you need to be able to source the right data to fill this model. As a concept, typically a data warehouse is used to load all your source data, make the right transformations towards the end model and start building validated reports.
How Lytix can help me with Business Intelligence?
Good question! As Lytix we have a really strong background in data warehousing. We even have our own plug and play framework for this. Our XTL Framework. This framework automizes a lot of repetitive work and also ensures high quality standards. Implementing data object after data object. It even includes benefits as: Error logging, Data Quality Reporting, Auto-documentation and much more!
Moving from Excels towards trusted data
UNBURDENING IT & EMPOWERING BUSINESS
DATA OF ANY VOLUME, VARIETY & VELOCITY
BIG DATA ENGINEERING
AUTOMATING & OPTIMIZING DECISIONS
LET THE NUMBERS speak for themselves
DATA THOUGHT LEADERSHIP INTO PRACTICE
Business intelligence is here to stay and is often the most important foundational layer of your data & analytics platform. It talks the common language of your business and enforces a single version of truth to report upon. This transforms organizations from often gut-driven decision making towards data driven decision making.
Does this sound interesting to you? Leave your details below and get in touch so we can share you our Business Intelligence quick starter!