Making informed decisions relies heavily upon understanding the in’s and out’s of business. When used properly, the most powerful tool we have to understand our business is the data generated by the business. The data can tell you where the business is most efficient (its strengths) and where it needs improvements. Exploring the trends in financial data is necessary to improve any organisation’s performance, but not all people have the expertise to analyse the data to understand what’s going on. The data merely presents the numbers; it doesn’t necessarily tell you “the story”.
The story is often locked within the data and it usually takes a data scientist to draw it out. However, there are new tools available that help you to discover your organisation’s story. These tools, known as Business intelligence, or BI, tools are able to highlight the trends through visualisations.
The benefits of using BI tools cannot be understated. These tools enable you to unlock the secrets of financial data and improve planning and decision making. The Finance department is in a unique position to drive strategy because it gathers data from all lines of the business. Finance departments can employ BI tools to correlate financial outcomes with business activities and lead the organization toward its strategic objectives.
It has become obvious to today’s leaders that for an organisation to win and retain customers, control costs, and remain ahead of the competition, it must become information-driven. It must empower individuals to make decisions based on facts, rather than opinion. All smart organisations are moving ahead by making data the centre of their business because it is now seen as a valuable asset and adds value to the business.
SuperDataHub is a powerful new platform for enterprise to unify their data management and experience unprecedented flexibility to comprehensively and economically analyse and process data in new ways. Better yet, SuperDataHub is programming free. The user interface does not require specialist training which makes it the perfect choice for releasing enterprise data to the public.
SuperDataHub offers enterprises one place to store, process and analyse all their data. This platform is a revolution in enterprise data management by offering the first unified Cloud Platform for Big Data. Simply upload your data, store it in the cloud for as long as you like, allow your users to access it, let users perform their own ad hoc queries, export data, produce reports and share online in a programming free environment.
Businesses have gradually evolved to deploy a variety data silos that do not provide a unified view of information. For example, we find a range of enterprise data warehouses for operational reporting, storage systems for security, specialised databases for large-scale analytics and then a variety of additional systems to support them. The problem here is that there is not one single view of everything going on in the organisation. Information has to be collected and compiled manually and this is tedious and time consuming.
Your BI tools should be working for you and making it easier, not only to see your data at a glance, but also to uncover the hidden story your data has to tell. SuperDataHub provides a unified view of all your data sources, plus they have easy yet powerful data analysis capabilities.
It’s important to realise that the nature of data in today’s world has changed. In the past, data primarily resided in structured transactional databases with fixed schemas and limited volumes. But today’s landscape is more complicated, with an increased volume and variety of data being collected. For this reason, tools have been developed in recent years to deal with these changing needs but many organisations have been slow to take up newer technologies. Why? Because change is never easy! That’s why your BI tools should be able to ‘integrate’ with your existing systems. Tools that can alleviate the burden of change. Our tools have been designed to integrate into any system so they are a wise and valuable choice.
Talk to us to find out how SuperDataHub can be integrated into your enterprise data system to improve your analysis, dissemination and management capabilities.