In order to demystify BI solutions, this article answers the questions most frequently asked by business managers:
By presenting business data in the form of indicators, BI solutions offer users control, report, forecast and analysis options. They provide entrepreneurs with the means to make better decisions faster.
Concretely, businesses that add a BI solution to their toolbox have the possibility to:
The BI solutions market is fairly large. There are applications for all business types and sizes. As expected, the prices vary just as significantly from one product to another.
What is very appealing for SMBs is that the simplest solution will provide much the same advantages and benefits as the most complex solution offered on the market. Therefore, for less than $10 per month, businesses can have access to a performing, simple and complete software application.
With the number of BI solutions available on the market, it has never been easier to benefit from business intelligence. However, you have to find the optimal solution for you. The market is large and it is important to choose the appropriate tool to meet your needs. Other than cost, what are the most important criteria to consider?
The resources to invest to successfully implement a new application in a business often go beyond the price of the application itself: you have to train the staff, adapt established practices in the business, etc.
To facilitate the introduction of the new tool, ideally you want to choose a product which easily integrates into your current computer ecosystem and business practices.
For example, it is in the interest of Acomba users who want to obtain a BI solution to consider a subscription to Acomba BI Mobile. This application is specifically designed to operate harmoniously with Acomba, is installed rapidly and offers a familiar environment which users can easily get used to.
One of the strong points of business intelligence is its capacity to generate reports and alerts in real time. To benefit fully from these advantages, you should opt for a solution that allows you to view your dashboards on a device that you can have with you at all times, like a smartphone or tablet.
BI solutions often target a specific market: they are optimized for businesses of certain sizes or specific sectors. Consequently, not all of them offer functions perfectly adapted to your business needs. A good approach is to determine two categories of functions: those that you must have and those that you would like to have. This allows you to make a more informed choice.
Ideally, you should opt for a scalable solution that allows you to add and remove functions as needed. This type of product can more easily follow your needs as they arise.
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