A logical extension of the ‘data is the new oil’ analogy is the comparison of Business Intelligence with the refining process. BI is popularly known to ‘turn’ data into ‘insights’, ‘opportunities’, ‘information’, and ‘actionable strategies’. Companies that use analytics, are reportedly 5 times likely to take faster decisions. Businesses that have cracked the code of success, are linked to decisions that are faster and better informed. And BI, by virtue of extracting actionable information from data, integrates seamlessly with ERP solutions, transforming data into information and action, offering a quality driven and progressive edge to processes.
Business Intelligence works in tandem with well entrenched technologies
Business Intelligence, to borrow a term, is not the typical pure play tool. It is not a disruptor by itself, but more of a disruptor that works in tandem with other technologies. Business Intelligence offers the following abilities :
- Collate and integrate data from multiple sources
- Analyze the data, unearth patterns and actionable information from datasets
- Visualize and report the output of the analysis through dashboards
- Share information to stakeholders
- Track KPIs, receive real time updates and make revisions
ERP Solutions are business transformation technologies that help businesses to achieve operational excellence throughout the enterprise. A Panorama Report revealed that 8 out of 10 organizations have either implemented or are in the process of implementing ERP solutions. This is indicative of the importance and growing recognition of the end to end solutions of ERP across corporate and business environments.
BI lends a powerful force multiplier effect to ERP solutions and takes organizational excellence to higher levels. As an evolved technology, BI is key to the success of ERP in the digital ecosystem. BI helps ERP systems make sense of the data that keeps growing at an explosive pace in businesses. A report reveals that 90% of the data in the world has been generated in the last two years. This can be mind numbing and technology defeating at the same time. This is precisely why companies are increasingly relying on BI enabled ERP over non BI enabled ERP. Almost half the companies that are in the process of implementing ERP solutions have decided to do so, mainly to replace outmoded and outdated ERP solutions.
OBIS (Orion Business Intelligence Stack) – solving the overload, intelligently
OBIS from 3i-infotech, 1200+ customers across the Globe and a revenue of $200 mn, offers powerful BI solutions that empower the management to take crisp decisions. Visualization on dashboards translates lengthy reports into crisp data points and comparative statistics. OBIS Connects many Databases(Oracle, My SQL, SAP, Hadoop,etc) and Flat files (Excel, CSV,etc), and provide a single actionable dashboard, to create greater value, bringing data into sharper focus, by analyzing it across various parameters. The challenges in an ERP system is often the manner in which the data is presented and not the data itself. A CXO has a different perspective, while a Sales Manager will have a different perspective for the same dataset.
With OBIS, a single dashboard offers various stakeholders options to view the same data from different perspectives, including options to drill down into specific subsets of data, for detailed analysis. The 360-degree view of data and visualization are displayed on dashboards filtered through role based access to information. OBIS is deployable on premises and on the cloud, and support enterprise mobility permitting authorized employees to access reports through various devices (Mobile apps, tablets, Laptop and Desktops). Stakeholders and decision makers need only look at the crisp reports, rather than reading through the deluge of data to interpret and extract actionable information.
OBIS collects and integrates data from multiple sources, is scalable, flexible, and offers a single source for improving operational excellence through insights and actionable information. The standard solution offers functionally strong analytics that covers shedding insightful information on sales, purchase, inventory and finance. The premium solution offers analytics on request that includes operational, service, time, task, asset, and quality analytics, while the custom analytics meet specific and unique requirements of businesses.