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Many organizations struggle when it comes to managing large amounts of data. Spreadsheets are used to store all company information across business functions that only certain employees can access. Joining data from different sources becomes tedious and impractical preventing a unified, accurate view of the big picture.
To build a successful business, raw data should be transformed into meaningful and useful information that can unlock value for a business. Business Intelligence (BI) solutions can help organizations better understand their business and make more informed decisions. BI technology provides historical, current and predictive views of business operations through reporting, online analytical processing, data mining, complex event processing, and business performance management. A BI solution will allow businesses to decide better, perform better, and achieve better results.
Analysis done by the leading Enterprise Resource Planning (ERP) solution provider, SAP, reveals that the top 25% of consumer products organizations have 55% higher usage of BI to manage business processes as compared to the bottom 25%. The consumer products organizations with high usage of BI have 2.6 times higher revenue growth as compared to organizations that have low usage of BI.
Business intelligence is no longer for just large organizations. With flexible deployment and licensing options, BI technology is becoming ever more advanced and accessible to small-midsized enterprises (SMEs). The leading BI solution, SAP Business One, streamlines business processes, provides real-time information, and helps boost overall business performance.
To learn more about SAP Business One and how you can move your big data from unmanageable spreadsheets to one integrated application, click below to access the SAP Business One Information Kit.
