Top Performing Organizations Implement Self-Service BI. Here’s Why

factWith self-service BI solution you have the tools to enable everyone in organization to make business decisions without relying on your IT department. Starfleet Research performed a study on how self-service BI has impacted those organizations who chose (wisely) to implement it. You give your team the ability to get answers immediately with dashboards and reports.

Formatting, importing tons and tons of data and numbers, inaccurate and imprecise visualizations don’t allow smart business decisions nor does it make for quick decision-making or answers. “While Excel may be a tool that is close at hand and can allow business users to conduct their own analysis without depending on IT resources, it is often the wrong tool for the job.” We want to supercharge the Excel you use now and make it even more intuitive, powerful and easy to use.

If you are wondering if self-service BI is right for you lets look at the statistics.  According to research conducted for this benchmark report:

  • 42% of business users generally had to wait “too long” for IT resources to fulfill their requests for new reports.
  • 93% of companies “agree” or “strongly agree” that self-service business intelligence enables them to gain faster (and better) insights.

It isn’t really a question of if this will work for there’s basically a 100% chance it will AND it will put you above the rest. Not only that, but let’s be frank, don’t you just want to spend less money and waste less time?!

  • 84% of companies cite cost reduction (identifying opportunities to lower operational costs and also relative to traditional BI implementation and IT resource maintenance) as a top reason to deploy self-service business intelligence
  • 92% of companies cite time reduction (e.g., time needed to get information, to make decisions, etc.) as a top reason to deploy self- service business intelligence

    Top performing companies and C-level operators are implementing self-service BI because it is just the smart choice to make if you want your organization to be more productive and drive revenue growth & profitability. Become more profitable and gain insight than can grow your business by downloading some more info here or contacting us here

Give Your Data a little K.I.S.S!

keep-it-simpleData Visualization is a phrase 9DOTS has been throwing around A LOT in our last few posts, and I am sure our blog posts and website aren’t the only places you’ve heard it. Data Visualization is being talked about everywhere. A Ted Study by David McCandless showed that many people, when they think of data, think of tables filled with numbers, “This long-held notion is eroding. Today, we’re generating streams of data that are often too complex to be presented in a simple ‘table.’ Dashboards and graphs aren’t JUST visually appealing. They simplify the endless amount of data we are creating every minute of every day, and they eliminate the complexity of some of your information. Dashboards and graphs create insights into your organization and allow:

  • CFOs to have the ability to push key metrics to stakeholders and senior-level management teams smart devices at any time
  • Employees to answer their own questions and not spend time waiting or relying on IT
  • Knowledge of any cash flow issues right at your finger tips, any time you need
  • Simplistic views and revenue streams that provide immediate insight

Everyone in your organization can understand how to use dashboards, and your entire team will be working together to solve any problems that come your way. But here’s the thing. We are noticing that every organization wants to put every single detail they can think of onto their dashboards. This creates a dashboard that is jumbled, a little clunky, and actually is less insightful. Are you, like some of our data visualization customers, worried that by condensing your data into a graph you are simplifying too much and losing important aspects of your data?  9DOTS wants you to see the true power of visualizing data. This really fascinating study by Emre Soyre and Robin Hogarth was conducted on economists, “Three groups of economists were asked the same question concerning a dataset:”

  • One group was given the data and a standard statistical analysis of the data; 72% of these economists got the answer wrong.
  • Another group was given the data, the statistical analysis, and a graph; still 61% of these economists got the answer wrong.
  • A third group was given only the graph, and only 3% got the answer wrong.

Visualizing & simplifying your data can actually allow more insight and be less misleading than tons of statistics and information! If you are a data visualization consumer and your main dashboards and tons of statistics, scorecards and graphs, or if you are afraid to buy dashboards and data visualization because of its simplistic data–look (literally) at what you could be missing. Simplify your data and gain insight into your organization you never thought possible.