It’s never been easier to tap into the power of business analytics, whether you need to collaborate with a small team or deliver analytics and reports to thousands. How and why? Because with MicroStrategy Cloud you can deploy applications to thousands of users in weeks instead of years and, what`s most important, you can dramatically reduce project risks, cut operating costs and eliminate capital expenditures. And all those without sacrificing anything in application power, performance, and customization.
Business Intelligence is often defined as the array of processes and technologies that turn information into insight and action, meaning the effective application of the broad suite of data analysis tools and analytical approaches to effectively understand, predict, optimize, and prepare to take action upon current and future business activity.
Advanced data visualization is based on the fact that 70% of the human sensory receptors are dedicated to vision while the other four senses share the remaining 30%. In addition, our brains are much more effective recognizing shapes trends and patterns than analyzing spreadsheets or tables full of numbers. There are close to a dozen applications that fall into this category from companies around the globe. The leading ones are growing their acceptance at a very fast rate. Five of them have made it to Gartner Research's Business Intelligence Magic Quadrant Report (including MicroStrategy, the largest independent provider of Business Intelligence solutions in the world) and they’re going to stay there for the foreseeable future.
„If you're not ready to ride it, you'll be swept away by a tsunami of change that will fundamentally alter the world. And mobile computing is a tipping point technology for the information revolution, a revolution that began with writing on clay tablets, and continued through the invention of the printing press and computers. Mobile will be the catalyst that brings society the most dramatic changes of the Information Revolution”.
MicroStrategy, the largest independent provider of Business Intelligence solutions in the world, just launched the new 9.3 version of its business intelligence solution. The update enhances the platform's Visual Insight user environment, improves to its ability to handle 'Big Data', and incorporates advanced analytics from R — an open source programming language for statistical computing.
The success of an organization depends on the method and speed of responding to changing market conditions. Therefore, Business Intelligence is often defined as the array of processes and technologies that turn information into insight and action, to effectively understand, predict, optimize, and prepare to take action upon current and future business activity.
BI applications find their way into a vast range of business areas including CRM, ERP, financial management, etc. They employ technologies such as: data mining, text mining, geographic information systems, language translation, statistical analysis, predictive modeling, simulation, and advanced visualization.
Business Intelligence software allows companies to access their databases and deliver insights to employees, managers and business partners. The insights provided by BI then turn into actions as companies use BI applications to find new opportunities, reduce costs, reallocate resources and improve operational efficiency.
BI applications allow business persons to make informed decisions by providing timely, relevant and accurate answers to business questions. They do so with the help of analytical insights ranging from intuitive, graphical dashboards to highly formatted operational reports.
Better business decisions with SocrateBI
SocrateBI is a latest generation business intelligence solution designed for companies of all sizes interested in having an integrated reporting, analysis and notification solution. SocrateBI is developed on MicroStrategy platform, recognized as being the most performant and scalable in the industry. SocrateBI includes Microstrategy OEM platform, Socrate DW (Data Warehouse), Socrate ETL (ETL components) and a standard BI suite/modules which can be extended and adapted to each client: Financial Reporting Analysis Module (FRAM), Sales and Customer Analysis Module (SCAM), Project Controlling Analysis Module (PCAM) and Inventory and Stocks Analysis Module (ISAM). Operational databases of tens of gigabytes give the possibility to thousands of users to have access to SocrateBI reports without waiting for data. Reports use advanced formatting such as thresholds to highlight important trends, page-by to have quick access to aggregated information, graphs such as bars, pie, areas lines to show information more meaningful. Users can combine data form different sources in one single HTML document which can show in a graphical format at a higher level, offering this way a new visualization mode easier to understand. Graphs, tables, texts and specific images can be combined for creating an overview image of the key performance indicators (KPIs).
The business performance improvement cycle
Improving business performance often starts with setting priorities, by answering questions such as: Which business areas need the most attention? In which areas can results be enhanced with reasonable resources and effort? Through the use of BI Applications, organizations gain improved insight and make more rational resource prioritization decisions each day. By monitoring business results and fine-tuning business actions, organizations create a system and culture of continuous performance improvement.
By using SocrateBI, managers will be able to take more informed decisions with timely, data-driven answers to business questions, forecast business opportunities, build stronger customer relationships, monitor trends and discover anomalies, optimize revenue-generating strategies and more.
After years of data center growth and IT evolution, many businesses are left living with complex, overgrown computing platforms that are chronically underutilized. These systems take up valuable data center floor space, depreciate quickly, consume large amounts of power and cooling resources, and can cause management headaches. Plus, this rigid architecture makes it hard for an IT organization to quickly adapt or respond to changing business demands, and it makes it difficult to share resources throughout an enterprise, in order to increase utilization and improve efficiency.
We’ve all been frustrated by technology that gets slower, less reliable and less useful over time. But Google Apps is different. It actually gets better week after week, without patches or updates to manage. People can absorb this stream of innovation without being distracted from their workflow.
Earlier this month, Google Docs received a number of updates and new features to help improve user experience. Now Google has focused its attention on Presentations and introduced a new feature called Discussions for easy collaboration with others, and more than 50 new features.
There may be times when you don’t have an Internet connection, like on an airplane or train without wireless Internet, but you still want access to a file you’ve saved in Google Docs. Now, Google made it possible. So, you can select any file in Google Docs to make it available offline. So regardless of whether you’re connected to the internet, you’re always connected to those files. And this option is available for PC, Notebook, Smartphone or Tablet.
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Organizations gain a competitive advantage when they can increase the sophistication of their BI applications. One way to achieve this is to move beyond basic historical reporting and evolve to strategic, predictive analytics and alerts that help anticipate the likelihood of a future event, such as customer churn. Your business are as full of information like the DNA, and precious as gold. All you have to do is learning how to discover them. And use them. And with MicroStrategy Data mining and predictive analysis you can extract everything that is valuable from your data.
