What Features Should A Business Intelligence Platform Have?

Most companies now see the benefits of a highly intuitive Business Intelligence platform. Everyone here is aware of the need to be nimble in the face of fluctuating market conditions, shifting client preferences, and intensifying competition. You need BI dashboard software if you want your firm to be as efficient and flexible as possible. 


Of course, not every business analytics tool is the same. A simple BI system goes above and beyond to help you analyze, visualize, comprehend, and strategically use that data. You may get a clearer picture of your data with ERP reports and a dashboard tool. This is fantastic, right? But how do you know what to look for in a Business Intelligence platform?


1. Ready-Made Analytic Frameworks 

Standard features of BI dashboard software include system configuration and report creation flexibility. However, suppose this is your first experience with Business Intelligence. In that case, you may find the initial setup tedious and time-consuming. Selecting a Business Intelligence platform with a pre-built infrastructure and data warehouse can help you quickly see a return on investment. There should be a set of predefined measurements, reports, and key performance indicators. 


For instance, a business analytics tool may provide hundreds of ready-to-go reports. Each department or process in the enterprise may benefit from a dedicated BI module: sales, buying, finance, inventory, production, and projects. For added convenience, the BI dashboard software delivers persona-based dashboards out-of-the-box. These dashboards allow users to quickly and easily build upon a foundational model and tailor it to their specific requirements.


2. The Capacity To Link Together Various Data Sources 

In addition to internal systems like ERP, CRM, and financials, your dashboard tool should be able to quickly mix data from external sources, including old business systems, third-party apps, and more. With ADI, you can supplement Dynamics 365 with information from any other source. 


3. The Ability To Store Data And Analyze Trends 

While most BI dashboard software makes comparing data from the past simple, a system that can handle and retain vast volumes of historical data from many sources is required for a more in-depth historical analysis. This facilitates a deep comprehension of long-term tendencies. 


4. Prospects For Cutting-Edge Analytics 

To help you find potential issues in your organization, a Business Intelligence platform should include trend analysis to help you spot statistical outliers. In addition, sophisticated analytics and machine learning should be able to be set up so that they may mine comprehensive data sets that are complicated for possible consequences.


5. Analytics Close To Real-Time 

Some BI dashboard software only updates overnight, so you may not always have access to the latest data. Pick a system that can refresh minute-by-minute to get a real-time look into your company's performance. Instead of learning about problems after it's too late to fix, you can handle them beforehand. 


Closing words-


Insights into Data from Grow's business analytics tools

Have you decided to streamline your company's strategic decisions using a Business Intelligence platform and increase its return on investment? Grow's BI dashboard software is a powerful system that requires zero configuration on the user's part and expands the decision-making capabilities of your company. 


The pre-built and certified data connection between our BI tools and several other data sources allows you to begin immediately, minimizes the setup cost, and starts reaping the benefits of concrete insights immediately. For a tailored dashboard tool, please get in touch with us directly.

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