Benefits of Business Intelligence - InetSoft Articles
Below you will find articles having to do with the benefits of business intelligence. Read about how people are using InetSoft's BI software to increase their speed of decision-making and access to information.
Understanding Corporate Business Intelligence Applications - Looking for a good corporate business intelligence application? InetSoft is a pioneer in dashboard reporting, and our platform includes a powerful, flexible data mashup engine for generating complete views of corporate performance. View a demo and try interactive examples...
 |
Click this screenshot to view a two-minute demo and get an overview of what InetSoft’s BI dashboard reporting software, Style Intelligence, can do and how easy it is to use. |
Unified Business Intelligence - What is unified business intelligence, and how does it compare to older technologies? With current BI technologies, if you look at historical analysis versus predictive analysis, for instance, they are typically totally different applications. If you look at a traditional BI solution based on data warehousing, ones using disk-based technologies versus real-time in-memory BI, where, let’s say, a trader on Wall Street, needs to make an instantaneous analysis with no time allowed whatsoever to access a database on a disk, traditionally those are a couple of examples of separate technologies where you had to install several applications and choose which tool to use, today you’re seeing more and more unification of functions in a single BI application like InetSoft's...
Use Your Business Intelligence As a Competitive Edge - In this highly competitive environment, using business intelligence is critical to drive success in small and mid-size organizations. If there’s one true thing for business in the Internet age, so to speak, it’s that small and mid-size organizations are competing and competing very effectively with the largest enterprises. Now a key part of doing this is to use your business intelligence as a competitive edge and to really infuse your organization with the ability to make the best decisions in the timeframe you need to make them. So today’s event I think is really an important way to help you understand how to take advantage of information management and business intelligence tools, and we’re going to have a great event where we’re actually going to demo some of these capabilities. Also just a couple things before we get started, I want to urge you to take advantage of a couple of features on your console that are very important. One, don’t forget to download a copy of today’s slides, we’ve got some slides and also the demo. And two, ask us your questions. Your questions are very important. We’re going to get to a number of them at the end of the event live. If we don’t get to your question live, we’ll get back to you in an email response. So it’s a great way to interact...
 |
Read what InetSoft customers and partners have said about their selection of Style Report as their production reporting tool. |
Uses of Integrated Geographic and Business Intelligence - Now let’s run through a few examples of the typical uses of integrated geographic and business intelligence that we are starting to see emerge. One of the most common cases is market analysis, understanding your customers, where they are and what are their needs. Although a lot of the language we use here is found more commonly in the commercial sector, the public sector agencies also do similar things with census data. For instance some counties. have taken census and mosaic data and used that information to model decisions such as planned location of community centers, walk-in centers, libraries, et cetera, based on the demographic data and based on people’s preferences. Another well-established application of GI and BI is in customer segmentation. This is an example for a bus operator who is deciding the best route to service a community. They are using census data and data from a user survey about people’s preferences for using public transportation. And they are integrating business intelligence from asset management systems that contain data about bus stops and routes and other facilities. The benefit of this is that they can identify things like well and under served areas. It ensures they best meet the needs of the community...
Using Business Intelligence and Data Warehouses - I start to make completely different decisions using business intelligence and data warehouses to determining how I am going to market, how I am going to communicate, how I am going to collect information or even money from the. In transportation industries we all know many of the airlines are in trouble. In fact, some have gone bankrupt in the past five or six years even before the downturn and recession. Some have been caused to merge. They are looking at scheduling, flight control, crew control, food and beverages. They are trying to figure out how to take care of their best passengers and most frequent travelers, not just with upgrades, but with better treatment. Flight interruption is a big deal. With real time data processing, they are handling the customer before the customer even gets to the gate agent to say their flight has been canceled. They know it already. They have transferred the bags. They have the new flight. They put him in a better seat. They get him on the next available flight. This kind of customer satisfaction is changing the whole world of economics and using data to drive customer loyalty...
 |
View a 2-minute demonstration of InetSoft's easy, agile, and robust BI software. |
Using Claims Intelligence in Healthcare - This session is about using claims intelligence in healthcare. By healthcare I mean life sciences, pharmaceutical companies, medical device companies, or biotechnology firms. And there are four customer segments one of which is healthcare providers. That might be hospitals and health systems or even some of those smaller more independent provider practices. Then you have providers of data and intelligence on health care providers across the entire continuum that really includes hospital physicians and every other provider in between. The InetSoft data intelligence product suite ties these all together to give you great detailed intelligence on each one of those providers with the ability to really search and filter and get a targeted list. But then you can also take a look at very specific profiles that really show all of the intelligence that you might need to know in order to work with any of the providers. In the database they track about 8,800 hospitals and IDNs. That includes providers that are operating in that ambulatory space such as clinics, surgery centers and imaging centers. About 85,000 long term care facilities that range from skilled nursing to home health to hospice are included. Then there is a lot of great intelligence on physician groups and physicians operating in market. That includes 150,000 or so physician group profiles and intelligence on over 1.6 million healthcare professionals and physicians...
Using Dashboards for Supply Chain - As visual representations of data dashboards provide quick and easy access to important information. In the context of supply chain and shipping, dashboards can provide real-time visibility into the supply chain and shipping operations, allowing stakeholders to quickly identify and address any issues that may arise.
With access to up-to-date and accurate information, decision-makers can make informed decisions that can help optimize the supply chain and shipping processes. Dashboards can also help facilitate collaboration and communication among different teams and departments involved in the supply chain and shipping processes...
Using Geography Intelligently in Business Applications - I am going to show some examples that should serve as food for thought about how you can use geography in a business intelligence solution. First some background on geographic information systems, or GIS, technologies.Where is GIS today? GIS is no longer a departmental desktop point solution used by a small number of individuals in an organization. It is much more of an enterprise solution. Both the use of geographic information systems and the technology developed in that direction. Within the public sector, for instance, governments have recognized the importance of geography and location to analyze the performance of programs by locale and be able to address problem areas more readily...
Using KPIs to Monitor Usage and Make Improvements - Even at a simpler level that tracking usage by person, you should be asking questions about usability of your KPI software. Are the ways that these dashboards are presenting these key performance indicators, are they being presented in a useful way? It’s one thing to do a short survey or just talk to your dashboard users, it’s another to create metrics on them. How many clicks does it take to for somebody to get to a particular metric? Are people spending more time really looking for information rather than using the information. That’s a great indicator of a well-designed performance management system. Are people trying to refresh their metrics to get the latest data, and then they are giving up and close the dashboard because it takes too long to load. So all sorts of very specific BI usage metrics about the use of the metrics software can be used to make their dashboards more effective. We’ve added a great deal of emphasis on this in our latest release...
Visual Discovery Tools - Good visual discovery tools enable users to make sense out of absolutely enormous amounts of data. InetSoft's software allows the kind of data exploration that would have taken hundreds of traditional reports and scorecards to be performed on a single, interactive dashboard....
Visualization Software Tool - Easy-to-Deploy, Easy-to-Use Data Visualization Software InetSoft's Style Scope is an easy to use, interactive data visualization tool that includes real time reporting capabilities. Style Scope is an edition of Style Intelligence that focuses on business data exploration by combining Data Block technology with visualization. Visualized analysis is constructed in real-time by dropping data items into visual elements such as charts, metrics and selections. The resulting view reveals the intrinsic relationships among the data...
Visualizing the Needs for a Business Intelligence Solution - Now the way I visualize the needs for a business intelligence solution is illustrated by this little chart here. What I'm trying to impart with this is that a team lead would probably have fewer BI needs than the person managing several team leads. The person managing several team leads has fewer requirements than the person managing several people who manage team leads, right. The executives would have the most business intelligence needs. Now if we flip it though, and we then take a look at the level of detail needed by position, it is flipped. A team leader that has five people reporting to him, that team leader needs to be able to look at detailed records about those five people. He needs to be able to identify trends and patterns. He needs to see particular things about an individual employee. A lower manager may be looking at the performance of each team. Up at the top right here we are looking at details. So this is the highest level of detail, and as we go down, we are looking at lower levels of detail. At the executive level you think the executive has time to read to every single detail report from a defect report...
Waves of Business Intelligence - We have seen two waves in business intelligence, the reporting wave and analytics wave. And each of those has been broken into two waves in themselves. We focused this presentation on the first analytical wave, which is analysis of an exploration. We talked a little bit about the four types of business analyst. How they consume information, and what they do with it? How we can empower them, and the types of tools that they use to do their work...
 |
Click this screenshot to view a two-minute demo and get an overview of what InetSoft’s BI dashboard reporting software, Style Intelligence, can do and how easy it is to use. |
Web Apps and Business Intelligence in Real Estate - Gone are the days when property searches relied on word-of-mouth recommendations or wandering around the city. Today, we often rely on the internet to research real estate agencies and properties according to our preferences. 41% of buyers agree that they're ready to purchase properties without seeing them in person. This means that checking properties and communicating online via desktop or smartphone screens is enough to make them make a final decision. In this case, web apps and business intelligence (BI) become crucial for real estate businesses. This article will break down some remarkable transformations in this industry. But first, let's understand the basics more in-depth...
Web Based Business Intelligence - If you need Web-based Business Intelligence (BI) software, you've come to the right place. Our BI solutions are easy to connect, quick to build and...
Web Based Business Intelligence Software - Easy, Agile and Robust web based business intelligence software. Style Intelligence is business intelligence software for dashboards, reporting, and mashups. It blends enterprise strength with a small, 100% Java footprint. Unlike traditional BI platforms, Style Intelligence does not require specialized BI skills or consultants to implement or use...
Web Based Business Intelligence Tool - Here we'll teach you how use some interesting features of InetSoft's Web-based business intelligence tool. You can add highlights to a dashboard, interactively zoom into a chart. When you bind the text, textbox, table or chart element to data, you can specify a highlight for the element. A highlight is a conditional format that applies a visual effect based on the value of the data displayed by the element. A highlight is comprised of a foreground color, a background color and the font which we apply to the element when a specific data condition is met. In this example, we are going to add element that allows any values in the state of New Jersey to be highlighted in green in both the table and the chart. Here in the design mode, we will highlight our entire detail item. Now we go down to our properties pane. We will add a new highlight called NJ or New Jersey. We will make it so that whenever there is a value for New Jersey, the background is green...
Web Based Business Intelligence With or Without IT - So, that is very interesting because if you think back to what we were saying about the way business intelligence is changing, people can rely on Web based business intelligence with or without IT’s consent and that relates back to experience. It’s focused, it’s personal, it’s shared. It’s something that you acquire yourself. So, the devices that drive this is mobile devices. They’re not the only aspect of apps, but they’re also very critical because mobility has also changed the way in which we use this intelligence and the way in which we do analysis. But apps, if you think of such devices as the Galaxy Tab or the iPad, in particular, they are acquired. They’re not provisioned by IT. They’re acquired by people who are lining up at the store all night to get their iPad. And 60% of iPads are bought for business. But it turns out they’re not bought by business. They’re bought by personal users who bring them into the workplace and configure them themselves. And you shouldn’t think of these devices then as being only used by road warriors who are continually traveling and need to have a device in order to keep in touch with a central location. In fact, many people use devices in their office. Many people use devices without ever leaving their office in terms of using the device. They carry the device around into the meeting room. They carry the device to lunch, or even to the next cubicle, or down the corridor. They’re mobile, but they’re mobile as a choice of how they access information. They’re not mobile because they’re on the road and distant...
Web Based BI Tools and Security - Organizations that make BI more accessible to their employees have major advantages over those that do not. However, BI data often has varying levels of sensitivity; not all data is appropriate for all parties. For many companies deploying BI, this tension between security and availability can be a Catch-22. With Style Intelligence, this is a non-issue...
Web Based Query Builder - Business analytics can easily become time consuming and inconvenient for companies, especially when developers have to constantly code and program data into visualizations. Programmers often must code queries manually so that specific data can be retrieved from a database to be interpreted into visual analytics, such as graphs and charts in dashboards and reports. What developers and end-users alike need is a business intelligence platform with a web based query builder that can perform any data retrieval easily without any hassle. When it comes to data analytics, InetSoft’s Style Intelligence is the optimal business intelligence software for both programmers and end-users. With its intuitive and robust interface, Style Intelligence’s web based query builder allows users to create queries conveniently and efficiently despite the lack of any prior coding experience or knowledge. Style Intelligence’s interface is unique, in that it can...
Webinar on Business Intelligence for CRM - Good day and welcome to our Webinar on Business Intelligence for CRM. This is very important topic, and in today’s discussion really we are going to focus on driving intelligent customer interactions with CRM analytics. It's a topic that in my humble observation is not sufficiently spotlighted. What we are going to look at today is this whole area of intelligent customer interactions. As this economy moves along we need to be very careful how we are going to spend our money. Who are we going to target? What types of leads are we really going to pay attention to? The goal is to move more business down the pipe or through the funnel and drive new business to our respective organizations. The key point here is the better a job we do at knowing our customers now during tough times the better the performance as we move out of this particular downturn. And it would be again my humble observation that intelligent customer interactions are the way to help drive, retain, and strengthen market share..
What Are the Requirements for an Enterprise Business Intelligence Portal Solution? - An Enterprise Business Intelligence (BI) Portal Solution serves as a centralized platform for accessing, analyzing, and sharing business-critical data and insights across an organization. To effectively meet the needs of a diverse user base and support strategic decision-making, an Enterprise BI Portal Solution should meet several key requirements. These requirements encompass various aspects, including functionality, scalability, security, and usability. Here's an overview of the requirements for an Enterprise BI Portal Solution: Data Integration and Connectivity: Seamless integration with diverse data sources, including relational databases, data warehouses, cloud platforms, and third-party applications. Support for structured and unstructured data formats, including text, images, and multimedia content. Connectivity options for real-time or batch data ingestion to ensure data freshness and accuracy. Data Modeling and Preparation: Robust data modeling capabilities to create logical data models, data relationships, and semantic layers for business users. Data profiling, cleansing, and transformation features to ensure data quality and consistency across disparate sources. Support for self-service data preparation to empower business users to manipulate and enrich data for analysis...
What Are Some Examples of Operational Business Intelligence for a Credit Operations Analyst? - Operational business intelligence for a Credit Operations Analyst involves using data and analytics to gain insights and improve the efficiency and effectiveness of credit-related operations within an organization. Here are some examples of operational business intelligence initiatives that a Credit Operations Analyst may undertake: Credit Application Processing Time: Analyzing the time taken to process credit applications can help identify bottlenecks or inefficiencies in the credit approval process. By tracking and measuring the processing time, the analyst can identify areas where the process can be streamlined, such as automating certain steps, reallocating resources, or improving communication channels. Credit Approval Rate: Monitoring the credit approval rate helps evaluate the effectiveness of credit risk assessment and decision-making processes. The analyst can identify factors that contribute to higher rejection rates, such as inconsistent credit policies, inadequate underwriting criteria, or incomplete documentation. This analysis enables them to recommend improvements to enhance the approval rate without compromising risk management. Credit Portfolio Performance: Analyzing the performance of the credit portfolio provides insights into credit quality, delinquency rates, default rates, and overall portfolio health. The analyst can identify trends, patterns, and risk concentrations within the portfolio, enabling them to make informed decisions regarding credit risk management, collections strategies, or loan restructuring initiatives...
What Are Some Examples of Unstructured Data BI Applications? - Are people saying I want to count up the number of emails that reference a private plan, or this kind of thing? I would say one of the primary applications is search, making it easier to find information, but the other is doing text analytics. These don’t have to be sophisticated, like the example you gave of counts of email occurrences, and the counts often become much more meaningful when you search for word pairs, not just counts of a single word. Let’s arbitrarily say you were looking at the Facebook and Google fracas. You want to see the amount of occurrences of people talking about the whole debacle between Facebook and Google over the past few weeks right. It depends on the nature of the organization, so if you look at for instance at a marketing organization, one of the things a marketing organization does is it’s constantly monitoring the number of mentions you get in the press, the number of articles in which they appear, things like that. And so it’s a good tracker or indicator. It’s only one indicator, but it’s an indicator you could easily do...
What Business Intelligence Features Are Included in the Best CPA Software? - Financial Reporting: Customizable and dynamic financial reporting tools that allow for the creation of balance sheets, income statements, cash flow statements, and other financial reports. Dashboards and KPIs: Interactive dashboards that provide a visual overview of key performance indicators (KPIs) and metrics, allowing for quick assessment of a company's financial health. Data Visualization: Tools for creating charts, graphs, and visual representations of financial data to make complex information more understandable and actionable. Forecasting and Budgeting: Advanced forecasting and budgeting capabilities to help clients plan and project future financial performance based on historical data and assumptions. Variance Analysis: Tools that enable the comparison of actual financial performance against budgets or forecasts, helping to identify discrepancies and analyze the reasons behind them...
 |
Read how InetSoft saves money and resources with deployment flexibility. |
What Business Intelligence Features Are Included in CPG Distribution Software? - CPG distribution software offers a range of business intelligence (BI) features to help consumer packaged goods (CPG) companies make data-driven decisions and improve their operational efficiency. These features provide insights into sales trends, inventory management, customer behavior, and supply chain performance. Here are some of the key BI features included in CPG distribution software: Sales Analytics Sales Trend Analysis: Track sales performance over time, by product, customer, and region to identify trends and patterns. Sales Performance Benchmarking: Compare sales performance against industry averages and competitors to identify areas for improvement. Sales Forecasting: Predict future sales demand based on historical data, market trends, and promotional activities. Inventory Management Analytics Inventory Turnover Analysis: Monitor inventory turnover rates to optimize inventory levels and minimize carrying costs. Stockout Analysis: Identify products that are prone to stockouts and implement strategies to prevent stockouts. Excess Inventory Analysis: Identify products with excess inventory and implement strategies to reduce excess stock...
What Can Go Wrong If You Don't Follow Business Intelligence Best Practices? - Failing to adhere to business intelligence (BI) best practices can lead to a range of challenges and negative consequences for an organization. Here are several potential issues that may arise: Inaccurate Decision-Making: Problem: Poor data quality, lack of data governance, or incorrect data interpretations can result in flawed insights. Consequence: Decision-makers may base critical decisions on inaccurate or incomplete information, leading to suboptimal outcomes. Data Security and Privacy Risks: Problem: Inadequate security measures may expose sensitive business data to unauthorized access or breaches. Consequence: Compromised data can lead to legal issues, damage to reputation, and loss of customer trust. Inefficient Resource Allocation: Problem: Without proper BI planning, organizations may invest in tools and technologies that do not align with business objectives. Consequence: Wasted resources, both in terms of time and money, with little or no improvement in decision-making capabilities. Lack of User Adoption: Problem: Ignoring the needs and preferences of end-users can result in poor adoption of BI solutions. Consequence: Valuable BI insights may go unused if the tools are not user-friendly, leading to missed opportunities for improvement...
What Do Biomedical Engineers Analyze with a Business Intelligence Application? - Biomedical engineers utilize business intelligence (BI) applications to analyze various aspects of healthcare systems, medical devices, and biomedical technologies. These applications help them extract insights from large volumes of data to improve patient outcomes, enhance medical device performance, optimize healthcare delivery, and drive innovation. Here are some key areas that biomedical engineers may analyze using a BI application: Clinical Data Analysis: Analyzing clinical data from electronic health records (EHRs), medical imaging systems, and wearable devices to identify trends, patterns, and correlations related to patient diagnoses, treatments, and outcomes. Conducting predictive modeling and risk stratification to anticipate patient health issues, optimize treatment plans, and personalize patient care. Medical Device Performance Monitoring: Monitoring the performance and reliability of medical devices, such as implantable devices, diagnostic equipment, and therapeutic devices, through data analytics. Analyzing device usage data, maintenance records, and adverse event reports to identify opportunities for optimization, preventive maintenance, and quality improvement...
What Do You Teach to an Employee to Use Business Intelligence Software? - In terms of employee strategy, they make an effort to establish an information culture that values the collection, management, delivery, and use of corporate data. Teaching an employee to use business intelligence (BI) software requires a comprehensive approach that covers both foundational concepts and hands-on training. Here's a breakdown of the key aspects to include: Introduce BI Concepts and Terminology Explain the basics of BI, its role in organizations, and its benefits. Define common BI terms like data warehouse, data mining, data visualization, and dashboards. Understand BI Software Features and Functionality Familiarize the employee with the specific BI software being used. Demonstrate the software's interface, data import options, data manipulation tools, and visualization capabilities. Data Analysis and Manipulation Techniques Teach data preparation techniques like data cleaning, data transformation, and data aggregation. Explain data analysis methods like descriptive statistics, inferential statistics, and time series analysis...
What Is Business Intelligence? - Business intelligence is a term that has been a round a while. It has been used to describe a segment of the software market. It has been used to describe a technology that companies use to approach certain business problems that they have. A comprehensive definition of business intelligence is a combination of the software and the technologies that companies use, in addition to the practices, capabilities, and disciplines that businesses need to gain in order to gain a better understanding of their business through accessing and analyzing the data that exists inside and outside the enterprise that leads to better performance of the business through making faster, more accurate decisions and taking the appropriate actions. Performance management is considered a subset of business intelligence...