Self-service BI is not just a buzz-word. It is an approach to analytics that enables business users to analyze organizational information (i.e. create reports, make dash boards, perform ad-hoc analysis, configure alerts). IT resources are not required on a continual basis to support end users, but rather only to set up the back-end (i.e. the data warehouse/data marts and related cubes underpinning the business intelligence system). Further, if an existing back-end solution is available, IT may not be required at all!
Top 7 Benefits of Achieving Self-Service BI:
- Enable business users to create personalized reports and conduct analysis without IT involvement
- Free IT resources to focus on other tasks
- Improve organizational decision making
- Increase responce time to changes in the business environment
- Improve allocation of resources
- Reduce organizational risk
- Improve organizational results
This is the final blog entry in a 3 part series on combining financial & operational models to link key business drivers to budgets & forecasts. Click here to review part 2 or part 1 respectively.
Combining operational models that link key business drivers with your financial budgets provide the following results:
- Significantly shorter budget/forecast cycles
- Facilitates market environment vs. calendar driven re-forecasting to react to quickly to changes
- Re-aligns financial planning focus
- Facilitates insight between operational tactics and the financial forecast
- Facilitates variance analysis at the operational and key driver level
- Shifts professional resource time from collecting data and maintaining spreadsheets to analysis and decision making
Please browse this autodemo for an overview of Prophix CPM, a solution that can facilitate sophisticated operational modelling.
