Collecting and safely storing business data isn’t enough. How you leverage the data is what matters. Finding the best way to mine yours and turn it into actionable information is key in the digital era, and utilizing that data to your benefit is what can empower you and your fellow executives to make smarter business decisions as well as set you apart from competitors. Here at Arisant, we like to say, “Don’t be data rich and information poor!” Your data is a gold mine of information. How you use it makes all the difference, and it all starts with business intelligence.
In the world of big data, the term business intelligence (BI) refers to the knowledge or information you’re able to ascertain through a smart process of gathering, analyzing, and applying your organization’s data. Turning raw data into valuable information can empower you to make more strategic business decisions and gain a competitive advantage over rivals who have not tapped into its power. By unearthing information stored within your data, you can make rapid, calculated, data-driven company decisions in real time.
When you embrace and harness the immense power of BI, you can achieve many benefits, including:
- Timely decision-making — With accessible, easy-to-manage data at your fingertips, you and your colleagues have the business information you need right when you need it, allowing you to act before it’s too late and avoid hasty reactions.
- Greater insights — By analyzing customer behaviors, products, inventory, and more information from a custom range of data sources and applications, you’ll no longer be guessing. You’ll have better data to help you predict business needs and make more informed choices.
- Improved productivity — By reducing time devoted to traditional data gathering and analysis, your team will have more time to use the data. You’ll be able to pull real-time reports at the click of a button with a BI solution and, thus, act on it in a much more effective and efficient way.
- Increased ROI — All of this combined can boost company ROI. Better data leads to better decisions, and more time to be productive naturally lends a return on investment.
Data without a smart warehouse is virtually useless, however, as executives cannot access key pieces necessary to drive BI. To properly store your information and achieve the aforementioned benefits, you must first have a solid data warehousing system in place. Data warehouses are designed to organize and consolidate intelligent data in a way that is easily accessible and smartly structured for use, allowing you to easily manage and analyze it. Warehousing empowers executives to make better decisions by storing the facts they need to make real-time decisions based directly on data.
Data warehousing and BI combined are a powerhouse capable of revolutionizing your company data storage and ability to leverage the information. The two go hand in hand, allowing you to manage and make sense of the available data to make calculated business decisions.
If you’re ready to employ a solution with the endless capabilities of smart data warehousing coupled with BI, contact the experts at Arisant at 303-330-4065 or by email at email@example.com. As an Oracle Platinum Partner, we apply our extensive experience in building and deploying complex large-scale data warehousing and BI solutions for a variety of customers in diverse industries, including Fortune 500 companies.
We successfully fulfill your individual business needs by leveraging our deep understanding of Oracle Business Intelligence products in a timely and cost-effective manner to help you begin harnessing the power of BI and data warehousing.