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Manage Your KPIs with Business Intelligence Applications

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3 min

  With a variety of business intelligence applications at your disposal, it’s worth investigating the best and comparing your needs against each product to get the best return on your investment. Here are three ‘must-haves’.   1. Customisable workspace With a business intelligence application like IBM Planning Analytics, you can enjoy a single and consistent environment in which to manage your KPIs. So whether you need to measure business performance, evaluate and alter plans, expose gaps or test-drive the impact of potential scenarios on your business activity, you can do so in an ...

Business Intelligence Tools: Steering in the Right Direction

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3 min

  Despite the rampant growth of new data, constantly evolving technologies and the digitalisation of entire sectors, there are a few facets of business that will never be eliminated entirely: volatility, uncertainty and risk. But with business intelligence tools, you can keep your organisation on the right track and reduce the inherent risks of day-to-day operations. Here’s how.   A complete, all-in-one business tool When seeking out a business intelligence tool to adopt in your organisation, you’ll want one with speed, agility and flexibility, so it provides a return on your investment. With ...

Leveraging the Benefits of Business Intelligence Software

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2 min

  The right business intelligence software can help companies beat out the competition and become market leaders in their industry.  We reveal how to leverage three key benefits of business intelligence software - and overcome some potential drawbacks!   1. Integration across disparate business systems In order to derive the best strategic insights, you typically need to analyse data from across a number of different systems. Your company’s operational results, for example, require a financial perspective. That means your business intelligence solution should be able to integrate data from ...

Business Intelligence Tools: How to Find the Right Fit

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2 min

  Picking the right business intelligence tools for your organisation is essential in the current era of big data. With information coming from all angles, it’s imperative to leverage the best software to make sense of your data and parse it into actionable, meaningful decision-making.   Why do you need business intelligence tools? In their most basic form, business intelligence tools allow you to ‘see’ your data. This means you can watch how your data creates patterns and correlations. That information – including statistics and current trends – can then be used to formulate plans for the ...

How Important is a Single Version of the Truth to BI?

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2 min

  In our hyper-connected business world, organisations are often siloed and sometimes spread across multiple locations. Combine that with the fact that the majority of employees are ‘hooked in’ to company-wide systems via their smart devices, and you have a raft of users able to access data and alter it. The problem? This often creates version-control issues that not only impact productivity and the effectiveness of your business intelligence (BI), but can harm your reputation and profitability.   What is a ‘single version of the truth’?  When discussing ‘truths’ in the form of BI, it’s ...

Business Intelligence – Business Analytics

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8 min

  This article talks about Business Intelligence and Business Analytics, things in common and about differences between one another. This blog also talks about the paybacks for an organization once these are adopted. Let’s  start ... Though Business Intelligence and Business Analytics sound similar and are being used interchangeably by many, they do have differences.   Business Intelligence ( BI ) :- Term Business Intelligence, though exist for long, have been used by wider audience from late 90s . Intelligence with in Business comes from the data being captured. Business Intelligence has ...

Is Your Data Good Enough for Business Intelligence Decisions?

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3 min

  There’s no question that more and more enterprises are employing analytics tools to help in their strategic business intelligence decisions. But there’s a problem - not all source data is of a high quality. Poor-quality data likely can’t be validated and labelled, and more importantly, organisations can’t derive any actionable, reliable insights from it. So how can you be confident your source data is not only accurate, but able to inform your business intelligence decisions? It starts with high-quality software.   Finding the right software for business intelligence There are numerous ...

Planning Analytics and PowerBI

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2 min

Many businesses have already turned to Octane and partnered with us to help turn their data into meaningful insights. So if you've wanted to connect your Planning Analytics to Power BI, you're not alone and now with us you can.   Octane has developed a way you can work directly with IBM Planning Analytics (powered by TM1) and Microsoft Power BI! We've had a number of clients who have wanted to integrate Planning Analytics and Power BI without using external proprietary software we at Octane can say that we've answered the market's call.   Planning Analytics powered by TM1 is one of the worlds ...

IBM Cloud Private for Data is AMAZING!

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3 min

Yesterday I was fortunate to attend an IBM partner day based on IBM Cloud Private for Data or ICPD and thought to write this blog for you who might not know what the platform is or does.      This platform balances the individual data needs of your business by providing an integrated self-service, agile, enterprise-ready platform to significantly improve the governance around the collection, organisation, dissemination and analysis of your data but this isn't the best part. ICPD utilises modern microservices applications to enhance your data assets and analysis with machine learning (ML) and ...

Expand your Business Value with intelligence and Analytics

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3 min

Forward-thinking enterprises are using business intelligence and analytics to navigate through their digital transformation – one that could see them expand both physically and fiscally at a rapid pace. The ability to harness this data and use it to make business decisions, however, poses challenges. This is particularly true for organisations that haven’t previously had the technology nor the manpower to sift through all the historical data they’ve accumulated in their daily activities. Think about it – by 2020 it’s predicted there will be 5,200GB of data for every individual on the planet. ...