Business Intelligence is all about getting new, valuable insights into business performance easily andquickly. Traditional BI tools are expensive and complicated- requiring IT, technology infrastructure changes, software tools, and professional services to build and maintain. Because of their complexity, more than half of all BI projects do not meet end-user expectations and are hampered by low adoption rates. A new generation of BI applications is delivering unprecedented business insights and value within a few hours. Delivered as a secure, scalable cloud service, these BI solutions dramatically reduce the need for IT support, professional services and associated financial risks. What do these new BI solutions look like? They share the following attributes:
1. More than tools – They are complete BI applications with packaged best practice metrics that can be easily customized by business users and shared with peers. BI applications provide, out-of-the-box, critical, hard to find information about your business.
2. Cloud-based, on demand solutions – They eliminate the need for on premise hardware, software, BI infrastructure and provide business intelligence as a 24X7, managed service backed by a written SLA. Sign up, point to your data sources such as SAP and within a few hours you are presented with a dashboard populated with best practice metrics based on your SAP data.
3. Easy-to-use, integrated analytics – Business users create or customize metrics in minutes, without IT help, using an easy to understand business data model. Publishing to the dashboard is one click away.
4. Offered as anaffordable monthly subscription – The cloud enables true business intelligence to be delivered as a service within hours of signup, requiring minimal IT involvement. Business intelligence apps avoid the risk of becoming a failed BI project with low end user adoption.
BI Apps have raised the bar for delivering business value by providing actionable metrics, out-of-the-box in a painless manner. Welcome to the new world of on demand BI applications.