Why Business Intelligence and Analytics tools?

Over the years an organisation gathers wealth of

information that can help in making better strategies
and take decisions.
For this, companies need to:
Organise this Voluminous Data from Different
Sources in Real-Time
Analyse the data
Ensure the information is sent to the Right People
at the Right Time
Generate Insights and check for Exceptional
Behaviour
Predict & Forecast
Generate Alerts at regular intervals and
Produce Recommendations for action

Without doing this, it is like

Driving your car with your dashboard gauges informing
you of last months speed, fuel level, temperature, oil
pressure, RPMs, etc.
or
Timing your cookies with a smoke alarm.
Its a lagging indicator, informing us where we
have been and not where we are going.
More Data means More Criteria and a Greater
Desire for Perfect Decision leading to Slow
Decision Making.

How do most companies fare in Data Analytics?

Business Managers responded to a recent survey as
follows....
75% - would like to build their own dashboards if they
had the tools to do so.
73% - dont have enough time or it is too hard to build
their own dashboards.
76% - could be more effective if they could create their
own dashboards.
60% - said it takes more than 3 weeks to get edited or
new dashboards from their IT team.
78% - have data that they would like to visualise, but
don't have it on their dashboards.
78% - want their dashboards via mobile.

In these difficult times, organisations need to take

Well-Informed and Timely Decisions to keep up with
the Changing Business Environment.
Types of decision making or analytics to be
done:
Strategic
Tactical / Planning
Operational / Procedural
Transactional/Technical

8 Steps in a Decision Making Process

Identification of the purpose of the decision

Information gathering
Set up principles for judging the alternatives
Brainstorm and analyse the different choices
Evaluation of alternatives
Select the best alternative
Execute the decision
Evaluate the results

A Good Business Intelligence / Analytics tool can

help you in 5 (marked in GREEN) out of the 8
steps in a decision making process.

A Dashboard is a Visual Display of the most

important information on a single screen so the
information may be monitored at a glance
..Stephen Few, Visualisation Expert.
Visual Data tools Speed up the Time for Insight
through the use of Visualisations.

As per published reports, organisations that use

Business Intelligence / Analytics tools across the
complete enterprise enjoy.

1.6 times more revenue,

2 times more profit growth,
2.5 times more stock price appreciation and
2.2 times more likely to outperform their
industry peers.

Other Benefits of Business Intelligence or

Analytics:
Save time in decision making
Spot Opportunities / Threats
Single version of data you can trust
Schedule & Automate information
Drill & Investigate data, Audit trail.

Business Intelligence / Analytics tool is a bridge

between Your Data & Your Goals

Business Intelligence /
Analytics Tool

Your Data

Your Goals

Such tools support Business Agility and Self

Service Business Intelligence / Analytics through a
variety of innovations like data collection from multiple
data sources, real time updating of data, mobile
exploration of dashboards, Web enabled with real time
updating and exploring of data, etc..
So, does your company have the capability to take on
the Variety & Volume of data generated in your
company and the Velocity required for analysing it?

We take this opportunity to introduce our following

applications to automate and take care of all your
Business Intelligence / Analytics needs:

DataCube

An excellent, versatile and easy to use, Business

Intelligence / Analytics and decision making tool that
will help you make prompt & correct decisions. It offers
Variety, Volume, Velocity and all that has been
discussed before.

HoneyComb

A totally new concept in automation and event-driven

computing. It Delivers the Right Information to the
Right Consumer in the Right Granularity at the
Right Time, in other words a Personalised
Information Delivery.

Thank You

Honeybee Computers