Key Performance Indicators – Making Processes Easy, Simple, & Efficient

Setting-Effective-Key-Performance-IndicatorsIn the few posts prior to this, I’ve said words like “easy” “simple” “efficient.” And the necessary and tedious tasks of your business can be all of those things with the right business intelligence solution. But what makes it so simple and so easy? Aside from the technological jargon I would have to use to answer that question, I also have failed to mention Key Performance Indicators.

KPIs are a measurable value about your business that informs you of the progress of your company. Track successes or failures and use them to have measurable goals. Every department of your organization can have KPIs. Data can be overwhelming for anyone in any department. Trying to understand pages of data or making sense of spreadsheets filled with numbers becomes noisy and easy to want to ignore. But instead of throwing all of your questions and nonsensical information at your IT guys to get answers, looking at KPIs gives you an instant snapshot of your company and the ability to answer your questions yourself. Figure out what changes need to be made immediately with KPI pictures and charts that are simple.

Everyone in your organization has access to data that they can understand once the desired metrics are decided. CEOs, COOs, and the like can easily take action on the simple picture of data they are given. Useful KPIs promote efficiency. They are predictive, helping management to identify any problems early. A quick idea about your company’s progress can be given on a daily, weekly, monthly or yearly basis. This means change can be made quickly-avoiding disaster.

When your entire organization is focused and successfully measuring their data, conversation about changes and taking new steps are not daunting. “Easy” “simple” and “efficient” will no longer be adjectives you strive to use to describe your business, they will be intricate elements of your organization’s foundations.

“Do Self-Service BI Tools Push IT to the Side?”

self-service-bi“The term self-service might imply that business users can do everything themselves and don’t need help from IT and BI teams to gain valuable insights from business information.”

The world of big data has not always been for everyone. Viewing and analyzing data could require extensive, expert consultation or scripting. Jumbled, confusing data means relying on other people in your organization in order to complete a task and get the job done. With intuitive and easy-to-use interfaces, “Advances in hardware sped processing and lowered costs, enabling the development of software that supported more complex analytics and ever richer visualizations.” Even the less savvy business users can take advantage of what smart analytics have to offer.

Business users can begin to use predictive analytics without complicated procedures. That being said, this article from techtarget.com shows us that IT is not pushed to the sidelines with self-service analytics and that the definition of “self-service” only extends so far. “Users of self-service BI tools should think not about gaining independence from IT and BI teams, but about developing a better working relationship that will make it easier to analyze data faster and more accurately.” Smart Analytics provide organizations with a lot of benefits. Without having to rely on IT to complete tasks, business users are more efficient. IT is able to strengthen their position and develop and enhance your organization’s team as a whole.