What is Business Intelligence?
Business Intelligence (BI) combines traditional business analytics, data, visualisation and infrastructure, and modern best practices to help organisations to make more data-driven decisions.
Rather than being a specific thing, business intelligence is better described as a broader term that covers the process of collecting, storing, and analysing data from business systems, operations or activities in order to optimise performance.
You know you’ve got business intelligence when you have a comprehensive view of your organisation’s data and are using that data to drive change, eliminate inefficiencies, and quickly adapt to changes as they arise.
Business Intelligence Software is the technology that pulls it all together and presents it in easily digestible formats to help people make better business decisions.
Questions To Ask
To some extent this will depend on your specific needs but here are some common questions to ask:
- What CRM and other integrations are there as standard?
- How does data flow between software?
- How flexible is the reporting functionality?
- Can it scale without being cost prohibitive?
- How can I measure ROI?
- What does the data migration process look like?
- What sort of support is available?
These are basics however, for a comprehensive selection process consider coming up with a checklist for your ideal BI platform.
How Much Does BI Software Cost?
Depending on the desired outcome, mix of integrations and database size, business intelligence tools will vary in cost from $20-$30 per user per month to over $200 per user. When looking at BI solutions, buyers should consider a variety of factors, including:
- Product or brand name recognition
- The type of data you want to analyse
- Cloud availability
- Mobile applications
- Technical support needs
- Custom development and scalability
- Training services
Can I integrate BI with other platforms?
This is the best thing about today’s business intelligence solutions – they are designed to be flexible and efficient. Most BI tools work out of the box as a standalone solution that pull data from your database or other software.
They can also be plugged into tools such as your CRM or marketing solution and many have pre-built integrations to commonly used products, or provide the ability to create your own custom integrations.
And when all else fails, data can be easily imported from CSV files or spreadsheets.
What do you get from a BI partner?
You’ll get expertise in all aspects of software deployment from product selection, setup, customisation, integration and training.
Above all, you get the sense of being in safe hands – doing it right.
With us, you also get the benefits of growth enablement. This means we work with you to help find the processes, people, and technology you need to exceed your goals. And we do it all from a growth perspective – everything should show a return on investment, be it in revenue growth or time saving.
Our products and services aren’t unique – but our creativity and tenacity are. Straight-forward thinking you can follow, with a dash of hustle when needed.
Hatchit – your BI Software Partner
Hatchit is proudly independent and supports multiple software products in New Zealand.
Let us help you select, deploy and manage your BI platform.
If you need to integrate with other products or a custom solution to meet your goals then please get in touch.