In a dynamic Technologically-propelled economy, delay in adapting relevant Technologies erodes enterprise capabilities & sounds the death-knell. We empower to be in the forefront of harnessing power of technology.
Business intelligence (BI) is all about using data about yesterday and today to make better decisions about tomorrow. Whether it's selecting the right criteria to judge success, locating and transforming the appropriate data to draw conclusions, or arranging information in a manner that best shines a light on the way forward, business intelligence makes employees to work smarter. It allows managers to see things more clearly, and permits them a glimpse of how things will likely be in the future.
Business Intelligence enables the business to make intelligent, fact-based decisions. The business determines the “what”, BI enables the “how” Performance: Minimize report creation and collection times (near zero)
Using BI requires not only understanding how to use new tools but also developing the perspective of asking the right what if questions and using the answers in decision-making. The implementation of BI requires commitment from both business and technology with business managers providing a rational, measurement based approach for setting strategy and running operations and the IT professionals supporting the BI culture. Successful implementation of BI requires ensuring that business comes first and technology is second. BI with the right management culture will usher in system of evidence-based rational decisions with a clearer picture of the past and present based on analyzed data.
BI tools and techniques enables users to derive business insights that are accurate, valuable, timely which can be used for effective decision making enabling employees to add value to the enterprise. Although BI tools are available in high end ERP software and also as specialized tools, it is important to remember that the concept of BI is present in most of the software in the form of reporting and querying tools.
The data analytics solutions provided by Wincer empower both management at all levels and auditors to use the power of BI tools and techniques and apply them using the various features without knowing SQL or macros.
BI is expected to grow in a big way. Hence, it may be appropriate for chartered accountants interested in providing BI implementation and consulting services to get good understanding of technologies, tools, processes, and trends that make up BI. WinCAAT solutions provide simple but effective features to gather insights from data without need to become technology experts.
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