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Benefits of an integrated, dynamic, web based business intelligence reporting system:
Today organizations are challenged with heterogeneous data sources and multiple reporting environments that make it exceptionally complex and cumbersome to analyze bottom line profitability and operational efficiency. Furthermore, each specific operational reporting system provides reports that are static, disintegrated and very labor-intensive.
Information that is crucial for decision making which includes operational profitability, trend analysis, budgeting and forecasting is most often not been provided. Additionally, to run these reports software that are specific to the systems need to be installed on each and every user’s computer.
There are challenges in providing employees with the right information, at the right time, with a right set of business rules to accomplish corporate reporting goals. The information for the same business entities are stored in different manner across the organization.
One of the primary objective of an enterprise reporting system is that the programmers and business analysts should be able to get the same result sets from a single, centralized reporting repository to provide greater efficiencies and more fluid decision making process including reduced operational cost.
The reporting system should translate and convert complex and fragmented data into understandable business terms. Moreover, codes from disparate and independent systems should be reconciled and merged with enterprise wide business terminology.
It is essential that the data comes from a single repository and provides the same version of the truth to operational and analytical reporting as well. In order to reach this goal, the data flow from all the sources should be made consistent. The data should be extracted periodically from the transactional source systems, cleansed, applied business rules and integrated in one place. This “done once and used anywhere” strategy should help organization to remove duplicate efforts and thus save time and resources.
With an enterprise data warehouse (EDW) and business intelligence application organizations will leverage information that is not only crucial to know their customers but also to hone their strategic planning. The EDW will provide answers to the critical and fundamental questions listed below and beyond:
- What is our bottom line profitability?
- Are we achieving our business goals?
- What does our forecast look like?
- Who are our top five customers?
- How we have been doing business geographically?
- What is the most critical factor for increasing sales revenue?
The web enabled EDW and business intelligence reporting system will provide the following benefits:
| Consistency |
All the users in the organization will be able to access reports that are specific to their business needs using a common repository of information.
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| Accessibility |
The reports can be accesses over the web browser simplifying process of finding the information and eliminating multiple software requirements. |
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| Availability |
The information is available whenever it is required. The reports are independent of the operational activities and can be accessed over the web even if the source systems are not functional |
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| Time Saving |
If the business users require additional or ad-hoc reports then the developers, typically highly qualified specialist whose time is expensive, spend less time in generating and publishing these reports over the web. |
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| Low Development Cost |
The EDW provides a standard framework for developing web enables reports. The developers can leverage the basic foundation to implement an incremental system that is consistent, integrated, scaleable, and saves time to answer the same query over and over again.
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| Low Maintenance |
The reports will be published and accessed over the web. This eliminates maintenance of the software that needs to be installed on the users’ computers. |
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| Improved Business Communication |
As the reports could be provided to the customers, business partners and employees over the web with consistent information it will result in improved business performance, reinforced brand loyalty and increased organization exposure.
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