Examples of Business Intelligence Usage

Whether you already have data management and analysis tools in place or are on the lookout for new software solutions as we speak, business intelligence (BI) systems can indeed have transformative effects for your company. Eighty-seven percent of businesses have a very low BI maturity and adoption rate while 90% of marketing and sales teams expressed that BI was essential to their success.

Both small-scale and international businesses can benefit highly from adequate BI systems which correspond with their operational needs with the right business intelligence platform to back them up. However, settling for the right set of analysis, tracking and management tools for BI can be tricky without guidelines or previous experience. Let's take a look at what makes BI so important, as well as several tools for business intelligence which you should consider implementing in your company going forward.

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The Benefits of Proper Business Intelligence Tracking

The best way to use BI tools in your company will vary greatly based on your existing business model, product portfolio and sales strategy. Companies that already rely on KPIs will have an easier time implementing BI analysis tools since they revolve around numeric values, data management, and decision-making.

Even if your business is small-scale and in its development infancy, business intelligence can prove helpful due to tools such as machine-learning and marketing analytics becoming available. As such, business intelligence integration can bring several essential benefits to your company, including but not limited to:

  • Fast, precise and objective data analysis and planning
  • More informed decision-making processes
  • Higher employee morale and productivity
  • Improved end-product quality and client satisfaction
  • Reduced production costs and lower margin for error
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Big Data Management

Big data analysis is a constant point of contempt when it comes to managing internal company files and information. The longer your company remains in operation, the bigger its data pool will become, making it essential for you to integrate a big data management tool to compensate for it.

This will allow you to quickly assess day-to-day situations and make informed decisions on how to proceed with your company's best intentions in mind. In addition, a big data management tool will enable you to formulate a data lake from your existing generated data, making access, analysis and everyday use more streamlined and user-friendly as a result.

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Sales Dashboard Overview

Whether you offer physical products or operate as a cloud-based service platform, it is pivotal for you to have access and overview of customer sales data at all times. More importantly, your sales data should be centralized, segmented and readily-available in order to better manage your price models, CRM and daily sales operations.

You can refer to a sales dashboard tool to manage your customer data, formulate visualized data overviews and have a better understanding of your sales performance on a moment-to-moment basis.

Read the top 10 reasons for selecting InetSoft as your BI partner.

Machine-Learning Integration

No matter how well-organized or segmented your big data may be, human error can always rear its head when you least expect it. As such, it's good practice to implement a machine-learning tool dedicated to business intelligence to amend for any potential mistakes.

These AI algorithms are scalable based on data's demand, allowing you to allocate as much or as little time and resources to their integration as you see fit. Machine-learning will allow you to stay on top of your data management at all times, inform you of performance or sales fluctuations and act as a great companion tool to your data science and sales specialists.

Read what InetSoft customers and partners have said about their selection of Style Scope for their solution for dashboard reporting.

HR Management

It can be argued that human resources are the most pivotal part of any business, regardless of its market value or reputation. As such, managing your human resources should be done in a reliable and up-to-date software environment. By integrating a dedicated HR dashboard tool into your business intelligence systems, your human resources department will have a much easier time hiring new talent and retaining existing employees.

While intuition and raw experience are important traits for an HR specialist, so is the data repository they work with. Investing resources into HR management software which will accommodate those needs can have highly positive long-term results for any company out there.

Read what InetSoft customers and partners have said about their selection of Style Report as their production reporting tool.

Project Management Analysis

Any new project or product development which takes place in your company will require adequate tracking and analysis from the get-go. To facilitate it, you should consider integrating a project management tool into your business intelligence and data management portfolio.

This will ensure that project leads have an informed way of knowing where every part of the project currently lies, if everything is on-budget and whether or not there are bottlenecks to be concerned about. Most importantly, however, adequate project tracking and analysis will help future teams use the generated data in their planning and production stages to avoid past mistakes and slowdowns for much higher end-product quality.

Learn how InetSoft supercharges BI with Spark to make machine learning easy.

Enterprise Asset Management

Lastly, every business requires a detailed overview of all data assets currently present in-house in order to function more effectively. As such, an enterprise asset management tool should be high on your list of business intelligence tools to consider for future integration into the existing business model.

It will allow for a wide range of data monitoring and analysis activities in departments such as IT, equipment and company facilities to name a few. Using a one-stop-shop to keep an eye on your business' assets will ensure that you always have access to a detailed overview of what makes your business tick and how you can improve upon the existing foundations.

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It can be tempting to opt for DIY business intelligence tracking solutions through hand-made spreadsheets and similar methods. However, judging by the scale of data in need of constant processing and analysis, as well as the multitude of different departments and ongoing operations, dedicated tools are a better solution to the challenge at hand. Make sure to implement BI analysis tools on a step-by-step basis to slowly assess how each of them can contribute to your business model, sales and data management respectively.

More Resources and Articles about Business Intelligence Usage with InetSoft

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#1 Ranking: Read how InetSoft was rated #1 for user adoption in G2's user survey-based index Read More

Articles on the Benefits of Business Intelligence - Below you will find articles having to do with the benefits of business intelligence. Read about how people are using InetSoft's BI software to increase their speed of decision-making and access to information. Looking for a good corporate business intelligence application? InetSoft is a pioneer in dashboard reporting, and our platform includes a powerful, flexible data mashup engine for generating complete views of corporate performance. View a demo and try interactive examples...

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BI RFP Template Reporting - This BI RFP template was received from a major nonprofit looking to improve its decentralized business intelligence capabilities with modern self-service reporting. InetSoft's responses are provided. netSoft's Style Intelligence Solution can be deployed as a private cloud solution or deployed internally. In either environment, ease of deployment and ease of use are chief development principles that help lower the time investment and total cost of ownership - and make the solution attractive to organizations of any size, with or without BI expertise...

Business Intelligence Dashboard Tool Examples - Looking for business intelligence dashboard examples? InetSoft offers award winning dashboard solutions. InetSoft's dashboard tool requires no expensive BI experts or consultants to deploy and offers an intuitive point-and-click, highly visual, easy-to-use interface. InetSoft's dashboard tools reduce TCO and help the enterprise realize immediate ROI by empowering their users with maximum self-service ability. Click on the screenshots below to get a closer look. Effective dashboard tools allow businesses to compare their many data sets and display data mashups in a user friendly format. Enterprise-grade solutions are server-based and support all devices...

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View live interactive examples in InetSoft's dashboard and visualization gallery.

Business Intelligence Dashboard Usage Stories - Read about business intelligence usage stories. Hear how companies give their executives performance management dashboards. Read how others use data mashup functionality to unify disparate data sources to provide comprehensive dashboard reporting. All of them leverage InetSoft's business intelligence technology to derive intelligence from their data. DSI, the premier provider of technology and services that empower HR organizations to deliver measurable value to the business, integrated the reporting and analysis technology found in InetSoft's flagship business intelligence software application Style Intelligence into its line of solutions aimed at HR organizations...

Business Management Dashboard Examples - Below are examples of BI dashboards. A BI dashboard is a business management tool that will allow a business to keep track of all aspects of their daily activity. These intuitive and interactive dashboards allow companies to manipulate their data in such a way as to make it easier for employees and management to understand. BI Dashboards, or business intelligence dashboards, allow businesses and users alike to present and organize their data in standardized tables and chart. This allows companies to present this data, no matter how complicated, in an easy to use dashboard...

Compare Business Dashboards Side by Side -We hear a lot of people asking us for business dashboards examples. Sometimes they're new to dashboarding and want to learn more about the ways people use them. Other times they are evaluating different dashboard solutions and want to judge the look and feel of different dashboard software packages. Below are examples of web-based dashboards built with InetSoft's drag and drop dashboard software Style Intelligence. Click on the screenshots below to get a closer look...

CRM Drilldown Dashboard Example - This is a continuation of a transcript of a Webinar hosted by InetSoft entitled "Designing a Good Dashboard." The speaker is Mark Flaherty, CMO at InetSoft. A good example is getting business intelligence on individual customers. You can understand their entire purchase behavior history. You can see what they purchase, and this is how drilling down can help close more deals, close them more quickly, generate cross selling opportunities and increase revenues. When you understand that this is what you can do, for the individual sales rep, first you summarize the information so it's understandable to him or her...

Read the top 10 reasons for selecting InetSoft as your BI partner.

Easy to Use BI Tools - Are you searching for a Business Intelligence tool to help you make sense of your copious amounts of data? Style Intelligence, InetSoft's flagship BI application, can handle large amounts of data to help you identify and develop new opportunities. Style Intelligence is an all-in-one tool for data mining, data mashup, reporting, and more. End users of all skill levels can take advantage of its intuitive point and click interface for answer ad hoc questions and exploring data. Through Style Intelligence, you can analyze your data from different perspectives, turning it from simple numbers to actionable information...

Example of the Use of Visual Pattern Discovery and Reporting - This is another example of the use of visual discovery and reporting where this shows the patterns of a problem very visually, and a team can discuss it and quickly get insight that the problem is in the Northeast. If you were pouring through PDF reports, you could get a different answer. If you tried to sort by worst flights, they're not all in the North East.The problem is when they group together, and thats another example of seeing something because of the visual reporting and analysis capability, which gives you the ability to act on the fly and needing to answer the questions that come up. You killed the cycle of pain, and you reach better and faster decision making...

Good Corporate Business Intelligence Application -Looking for a good corporate business intelligence application? InetSoft is a pioneer in dashboard reporting, and our platform includes a powerful, flexible data mashup engine for generating complete views of corporate performance. Crowdsource review site G2 Crowd's user-rating-based report, the Business Intelligence Platforms Implementation Index Report, lists InetSoft in the top 3 overall, #1 for user adoption, and #3 for ease of implementation. In G2 Crowd's Grid for Business Intelligence Software, InetSoft is placed in the High Performers quadrant...

How Business Intellience Software is Benefitting Higher Education - When you think of business intelligence software, you may think it's just for corporations looking for a competitive advantage. While useful for corporations, business intelligence has many use cases that extend beyond corporate walls. For example, business intelligence is benefiting higher education in several important ways. Consider this, if you were running a college campus, would you want to know how your students are progressing? Would you want to know if the budget is on track? Would you want to be alerted if a program were at risk of losing funding early enough so that you could fix the problem...

Read what InetSoft customers and partners have said about their selection of Style Report as their production reporting tool.

Industry and Departmental Business Intelligence Examples - Looking for departmental business intelligence examples? InetSoft's industry pioneering BI platform can support any department's dashboard needs. The Insurance Claims Dashboard example here demonstrates InetSoft's user-friendly analytical dashboards, perfect for organizations in need of a customizable and interactive software to assist in everyday operations. The particular chart below portrays some of the many tools that InetSoft carries in addition to featuring a multi-dimensional view on the data. InetSoft's solution provides users with a large collection of visualizations and charts to create dashboards that meet their criteria or are easy to anaThe Usage Analysis Dashboard here exemplifies the powerful tools and features of InetSoft's interactive web-based analytical dashboard. As a pioneer in business intelligence solutions, InetSoft paves the way for dashboard, reporting, and data mashup solutions for organizations across different industries. By mashing up multiple data sets, users can create a visualization, like the chart below, to filter, sort, and analyze electric utility data. By having a very simple point and click system, users can focus on specific information to gather and satisfy specific needs or wants, enhancing business intelligence operations. Users are also equipped with a diverse set of features and tools, like the brushing tool, to filter by age, hours on web, gender, exclusivity, and. operating systems...

Railroad Industry Analytics Usage - Big data is everywhere and it has begun to have a huge impact on the railroad industry. A great example of this is by using an emergency dashboard and report to improve the working standards. There are various applications of analytics in the railroad industry that improve operational results and service availability. What are the common techniques and tactics this has been done? Here is how the railroad industry is using analytics to improve the processes. Every industry is racing towards reaching a completely modernized system that allows heightened automation and collaboration between technology and humans. Various solutions have been developed by OEM equipment manufacturers outfitted on freight cars...

Real World Examples of Geographic Business Intelligence - So now let's talk about a few examples. First, let's think about what a purely GIS example looks like. Take a forestry agency, for instance. They use GIS for a number of cases, including reporting to various stakeholders. So when they choose to plant or sell areas of the forest, they need to inform a number of other environmental bodies, other government departments, as well as the general public. So before they had this system they would take digital photographs of the landscape and doctor them in certain ways to show what the landscape model might look like after the planned changes. So naturally that's a manual, albeit artistic process, that is done in one-off use-cases...

Read what InetSoft customers and partners have said about their selection of Style Scope for their solution for dashboard reporting.

The Effective Use of Organizational Business Intelligence and Information Management Applications - So we did see that in the employee size, that did have an impact on how much, how innovative organizations were with respect to the effective use of business intelligence and information management applications. And the logical explanation of that is that in a larger organization they probably have more need to deal with structured information and have more resources also to specialize and dedicate potentially to automating some of the processing of that unstructured information. There are four aspects of maturity. One is technology, so to the extent that an organization could be very mature at looking at unstructured information. They may have people trained in evaluating it...

Typical Uses of Integrated Geographic and Business Intelligence - This is a continuation of the transcript of a Webinar hosted by InetSoft entitled "Geographic Business Intelligence." The speaker is Mark Flaherty, CMO at InetSoft. Now let's run through a few examples of the typical uses of integrated geographic and business intelligence that we are starting to see emerge. One of the most common cases is market analysis, understanding your customers, where they are and what are their needs. Although a lot of the language we use here is found more commonly in the commercial sector, the public sector agencies also do similar things with census data. For instance some counties have taken census and mosaic data and used that information to model decisions such as planned location of community centers, walk-in centers, libraries, et cetera, based on the demographic data and based on people's preferences...

Read what InetSoft customers and partners have said about their selection of Style Report as their production reporting tool.