Business Analytics Solutions
Business Analytics - also known as Corporate or Enterprise Performance Management - is a strategic management technique and closed loop feedback mechanism which enables your organisation to achieve its medium and long-term goals.
One of the defining characteristics of today’s successful organisations is their ability to manage uncertainty, particularly in relation to external factors - the economy, financial systems, forthcoming legislation, etc.
Business Analytics provides your organisation with predictive capabilities so that you can respond swiftly to changing conditions, anticipate change and make the best available choice for your organisation specifically, by trialling a range of possibilities.
Advanced Business Solutions presents Business Analytics systems as a 3 phase closed loop feedback mechanism. The capabilities to manage uncertainty and trial a range of possibilities reside in the Planning & Business Modelling Phase.
In brief, the 3 phase closed loop contains:
The Planning & Business Modelling advantage of Business Analytics
The core strength of Business Analytics is in the Planning & Business Modelling Phase. It builds on your organisation’s existing reporting/Business Intelligence capabilities to identify trends and predict outcomes in any number of given circumstances.
Providing your organisation with the capability to trial, test and select a number of different scenarios, your organisation is better equipped to respond to changing external conditions as well as anticipate them in advance for an even better outcome.
The key advantage of adding Planning & Business Modelling capabilities into your organisation’s operation is speed. You can spot trends early, swiftly trial a number of scenarios and act while the opportunity (or issue) is in its infancy. Your whole organisation achieves a level of sensitivity to its surroundings that was not previously possible.
Planning & Business Modelling delivers further benefits for your organisation’s successful future:
To summarise, the Planning & Business Modelling Phase of Business Analytics helps your organisation gain and sustain strategic advantage.
Closed loop for continuous improvement
Having decided on a new or updated course of action in the Planning & Business Modelling Phase, new measures and key indicators may be required. These feed through to the Reporting and BI Phases of the closed loop feedback mechanism so that your organisation can track its progress towards the desired result.
The goals and indicators of every organisation are unique and vary over time in response to your organisation’s changing circumstances.
Indicators often use techniques such as Key Performance Indicators (KPIs) or Balanced Scorecard to create a small set of incisive performance measures specific to your organisation.
Continuous improvement processes are a natural extension of the closed feedback loop in Business Analytics, and as the name suggests, the closed loop requires continuous updates to keep your organisation on track towards its goals.
Advanced Business Solutions' specialist consultants are skilled in assessing the need for Business Intelligence and/or Business Analytics systems within your organisation and in the context of its current circumstances.
Our Strategic BI Consulting services include specialist implementation consultancy for Business Intelligence and Business Analytics implementations, comprehensive product training (for end-user and IT personnel), and on-going maintenance and support across all offerings in our portfolio.
This includes ‘best of breed’ selections from our own applications suite and from other leading vendors:
- IBM Cognos & IBM Cognos Express
- IBM Infosphere
- SAP and SAP Business Objects