Near Contact. Business Intelligence and Data Analytics to improve business efficiency

marzo 30, 2023
/BUSINESS INTELLIGENCE - Data Analytics


Business Intelligence and Data Analytics to improve business efficiency

What are the best practices for implementing Business Intelligence and data analytics in a company?

In this article we will talk about best practices for implementing business intelligence and data analytics in a company including identifying targets, selecting appropriate tools and training staff.

Business intelligence and data analytics help companies improve their efficiency and data-driven decision making, but their implementation can take time and effort.

However, we can take the best practices to implement business intelligence and data analytics in a company.

Best practices for implementing business intelligence and data analytics in an organization.

Before implementing business intelligence and data analytics it is necessary to:

1. Identify your objectives

In this part of the process, the initial part, we must solve business issues that have to do with the problems we seek to solve within the company; what opportunities we wish to seize; What are the questions we want to answer.

With clear objectives, specific results can be achieved.

2. Select the right tools

There are different tools such as Power BI that offer multiple functions to visualize data or perform statistical analysis.

These types of tools help companies to make informed decisions based on data.

When a selection of suitable tools is made, those that go according to the objectives of the company, the budget and the available resources are chosen.

Thus, the implementation of business intelligence and data analytics to improve the efficiency of companies can fall on the correct choice of platforms that will give them better results.

Read: “Everything you ever wanted to know about Microsoft Power BI”https://nearcontact.com/microsoft-power-bi-everything-you-ever-wanted-to-know/

3. Staff training

For example, if you choose to use a tool like Power BI, your company’s data analysts and business intelligence professionals can create data models and share reports across your organization.

This is crucial, because if staff know how to get the most out of the tools, they will take advantage from the multiple benefits they bring.

When selecting tools, it is important to train staff to use them effectively.

4. Data integration

Once goals have been identified and the right tools selected, it’s important to integrate company data into the business intelligence and data analytics platform. This can include integrating data from multiple sources, such as databases, spreadsheets, and text files.

Data integration can be a complex task and may require the help of data scientists. It is important that the company has a solid plan for data integration to ensure that data is being collected accurately and efficiently.

5. Development of reports and dashboards

Reports and dashboards can be customized to specific business needs and should be easy to understand and navigate.

These can include graphs and tables that show key data such as sales performance, supply chain tracking, and customer satisfaction.

Reports and dashboards help managers and executives make informed decisions based on data.

As a conclusion, we can say that the implementation of business intelligence and data analytics can be a complex task, but maintaining clear objectives, selection of appropriate tools, staff training, data integration and the development of reports and dashboards are the best practices to do so and obtain the multiple benefits they offer for companies such as:

● Make data-driven decisions

● Improve operational efficiency

● Identification of new business opportunities

● Improved customer satisfaction

● Supply chain optimization


At Nearcontact we can support you with Power BI and Data Analytics projects. We have more than 27 years solving the business needs of our customers through knowledge, experience and technology through innovative products and services of IT, adding value and competitive advantages to our customers.

 

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