Category: Blog

Introduction

Analyze2RealizePro is an “industry specific, prebuilt Business Intelligence solution”, developed by Business Analytics Consulting Group, to assist the Small & Medium Enterprises exploit the power of BI for their sustained growth in the long term.

Having worked for over 15 years in the field of Business Intelligence & Data Warehousing, the founders realized that the SME segment, which is most susceptible to the dynamically changing economic weather needed an innovative business intelligence solution that would allow them to

• analyze their company data
• make informed strategic & tactical decisions
• monitor their business performance
• improve business effectiveness
• realize higher gains

It is practically unaffordable for SME’s to make a significant financial investment in technology and specialized resources required to harness the power of BI technology for their business. This was a compelling reason for us to develop an innovative out of the box Analytical Solution that we named as “Analyze2RealizePro”.

Are you an owner or manager of a Small or Medium Enterprise (SME)?

If you answered “Yes” to any of the questions below, then “Analyze2RealizePro” is meant for you.

• Do you find it challenging to achieve your business objectives due to lack of qualitative and timely information?
• Are you unable to monitor business performance and make informed strategic and tactical decisions?
• Are you concerned about growing competition, shrinking margins, and the future growth of your company?

So what is Analyze2RealizePro?

Analyze2RealizePro is the right Business Intelligence foundation for a Small and Medium Enterprise, that enables stakeholders to optimize business operations, increase revenues, prevent loss, and respond quickly to customer needs and market trends.

It is a complete business intelligence system in a box, built using proven and leading BI technology components, attractively priced, has flexible deployment options and ready to grow with your business.

What does Analyze2RealizePro offer?

Analyze2RealizePro fully integrates data from multiple business applications

Consolidate Data. Create single source of truth for your organization

Over the years of operations, organizations collect large amount of data
about their markets, customers, operations and finance, but most often this information resides in silos within the organization and is difficult to integrate and analyze. For this reason, the promise of getting accurate and timely business insights for making informed decisions in the operational, strategic and tactical areas, often goes unfulfilled.

Analyze2RealizePro helps enrich your data by putting it in context with data from sources such as Point-of-Sale Systems (POS), ERP, Supply Chain and CRM applications, creating the single source of truth and providing up-to-date business intelligence across your organization.

 

 

Analyze2RealizePro Dashboard

Stay informed. Get at a glance view of key performance indicators.

Analyze2RealizePro has a fully interactive pre-built dashboard, which makes the presentation of data intuitive and easy to understand, with unrivalled ease of use characteristics. The dashboard provides at a glance view of key performance indicators (KPIs) and important metrics in a rich variety of charts, graphs, and gauges with drilling and navigation capabilities.

The KPIs can be customized to show exceptions or values crossing a pre-set threshold, giving personalized, actionable intelligence for decision-makers.

 

 

Analyze2RealizePro Analytical Reports

Unleash the power of your data. Get fast answers to critical business questions.

Analyze2Realize offers a set of powerful pre-built analytical reports that empower decision making with accurate information, in summary or detail. Business users get better visibility into risks, problem areas and critical issues, so that they are identified early, allowing them to take proactive actions. The drill-down capabilities of the analysis allow users to analyze further details and identify exactly which areas of the business are doing well and which aren’t.

The pre-built nature of the analytical reports shields the users from the complexity of the underlying data structures, ensures highest ease of use and lowers the workload on IT personnel.

 

Achieve greater transparency and visibility into multiple business areas – saving you time and money in manual information processing.

5 key reasons for SMEs to use Analyze2RealizePro

• Cost effective, industry specific Out-of-the-box application, built based on industry best practices and powered by leading BI technology
• License includes technology and data model, thus lowering the total cost of ownership
• Consolidates data across the organization, offering a Single Source of Truth, consistent data quality and timely availability of Information
• Get fast answers to business questions and drive value by making informed decisions
• Start unleashing the power of your company data within weeks and generate faster ROI

Want to find out how Analyze2RealizePro can help you optimize business operations, increase revenues, prevent loss, and respond quickly to customer needs and market trends? Contact us now for a demo.

In today’s fiercely competitive economic climate organizations require timely access to data and information to help them monitor business performance and make informed decisions to deliver stakeholder value.

Typically, Small and Medium Enterprises SMEs are owner managed entrepreneurial companies. Most entrepreneurs make their business decisions based on their past experiences and gut feelings. Some who are tech savvy use spreadsheets to store their data, analyze company performance and help them in the decision-making process.

This approach can be adequate when the organization is small, however as smaller companies grow or face stiff competition, it becomes imperative that right decisions are based on the more intuitive information. Over time businesses accumulate a significant amount of data, but often this information is not available to the decision makers at the right time and in the right format.

Business Intelligence (BI) is the hottest buzzword talked about in every industry vertical and considered to offer a unique advantage to organizations of all sizes. It can be defined as the ability to analyze meaningful information from the data available to the organization, for the purposes of supporting decision-making, improving business performance and realizing higher gains.

The concept of Business Intelligence [BI] has become significantly important for every small and medium enterprise, especially when small differences mark the big differences between failure and success. Like large organizations, SMEs can also realize the potential benefits of using a BI Solution. However, SMEs owners and managements still have some myths to dispel.

Myth 1: Business Intelligence is about technology

Business Intelligence is a concept that requires an analytical tool to analyze business data stored in a database.

The core of a BI solution is the underlying data model, which is developed based on the organization business requirements. The data model integrates the data, incorporates the business rules and utilizes the power of the analytical tool to produce the information required for decision making.

SME owners should focus on ensuring that the data model meets the business requirements rather than the acquisition of the technology.

Myth 2: Dashboard means Business Intelligence

Unfortunately, most BI vendors try to impress the business users with the data visualization aspects and give the perception that dashboard means Business Intelligence. But in reality, the concept of business intelligence spans the people, processes, and tools required to organize and store data, enable access to it and present meaningful information to the business users promptly.

A dashboard is a graphical interface of the BI tool that is created to display the current status of metrics and key performance indicators (KPIs) for an enterprise in a single screen. It can be tailored to a specific role, or a departmental view.

SMEs owners should focus on defining the metrics and KPIs that are relevant to their business rather than evaluating the data visualization aspects of the tool.

Myth 3: BI Solutions have to be custom built and implemented on-premise

Traditionally BI solutions have always been custom built and implemented on-premise. Custom BI solutions typically have longer implementation life cycle, because of the technical complexities involved in integrating the various technology components and the business systems. It also required an investment of time and specialized resources which made it difficult for SMEs to adopt a BI Solution.

The good news for SMEs is that they no longer have to worry about investing in a custom-built BI solution. SMEs can opt for industry specific prebuilt business intelligence applications that offer greater value as compared to a custom BI solution.

Myth 4: Business Intelligence Solutions are expensive

Historically, BI vendors offered on-premise solutions with flexible deployment options but, this required significant technology, human capital, and financial investment. In the past, due to the huge financial investments required, it was practically impossible for the SMEs to acquire a BI solution.

With the advent of Cloud based Business Intelligence technology has completely eliminated the investment and resources required to deploy a BI solution. Prebuilt BI Solutions are now being deployed in a private or public cloud, and some of them are offered on a subscription (rental) basis, thus allowing SMEs to shift from the capital expenditure (CAPEX) to operational expenditure (OPEX) model.

SMEs can now harness the power of BI technology without the need for substantial investment in resources (financial or intellectual).

Myth 5: Choosing the right business intelligence solution is difficult

It is a very well known fact that choosing any IT solution requires a degree of technological skills; in most large organizations it is the specialized IT personnel who are responsible for selecting and implementing most of the IT systems including Business Intelligence.

Choosing the right BI solutions could be a challenge for SMEs as they may not have the adequate IT resources and skills. SMEs already have a deep understanding of their business requirements, which can help them leverage their business skill sets, by zeroing in on the functionality of the industry specific pre-built BI application and ensure that it meets the business requirement and helps them get timely access to data and information required to make informed decisions.

With these pre-built BI solutions, SMEs do not have to worry about the technology aspect; that is the responsibility of the provider.

Conclusion

Business intelligence is a set of technologies and process that enable people at all levels of an organization to derive actionable insight by accessing and analyzing data. It is not meant only for large organizations, but SMEs too can utilize it to monitor business performance, understand operational efficiencies, and explore untapped opportunities.

However, it is important for SMEs owners to understand that Business Intelligence is totally ineffective if they cannot interpret the information and act on it. Technology definitely is required to achieve business intelligence but more important is the culture and creativity within an organization that will help deliver stakeholder value.

For this reason, SMEs should focus more on becoming a data-driven organization and less on BI technology.