Investing in business intelligence (BI) opens up a world of endless possibilities. By harnessing the wealth of information and analytics at your disposal, you can identify opportunities and strategies for success. However, to truly reap the benefits of BI, you need to implement the right decision-making tools in a way that ensures a solid return on investment (ROI) as technology evolves.
The BI and analytics landscape is constantly evolving, with organisations adapting to keep up. Traditional enterprise reporting tools like IBM Cognos, MicroStrategy, and SAP Business Objects may have laid the foundation, but they lacked agility. The rise of self-service tools such as Tableau, Qlik Sense, and Microsoft PowerBI has revolutionised the market, and now, according to Gartner, we're entering the era of 'Augmented Analytics' with platforms like ThoughtSpot and Tellius.
Analytics have expanded beyond traditional BI tools, permeating social media apps, content management systems, and sales applications. This integration brings both power and complexity but ultimately ends up leaving businesses with a fragmented landscape of tools and platforms.
With multiple logins, scattered reporting assets, and difficulty finding information, users often face frustration and lose faith in their BI investments. This lack of adoption and informed decision-making ultimately impacts the ROI of BI, leaving it short of its full potential.
Writing off expensive BI tools is not an option, but there's an innovative solution to streamline processes and boost ROI: Enterprise Portals. These unified digital platforms offer a single entry point for users to access applications, portals, and analytics assets from various systems. Personalised, fully searchable, and interactive, enterprise portals simplify the user experience and bring everything together.
Focusing on the power of enterprise portals to drive ROI from your BI investment, these platforms can transform your organisation's approach to analytics. By unifying and streamlining access to data and tools, you'll empower users to make informed decisions, unlocking the true potential of your BI investment.
With that in mind, we’ve put together seven ways that an enterprise portal can boost the ROI of your business intelligence:
1. Unified and streamlined BI environment: By centralising and integrating diverse BI systems into one platform, an enterprise portal simplifies user access and enhances IT control, making it a crucial component of BI solutions.
2. Seamless access through a modern interface: Offering a single access point to all reporting and analytics tools, the portal eliminates learning curves and ensures users can focus on the information needed for their tasks, regardless of the BI system.
3. Easy analytics and BI strategy development: Enterprise portals enable users to create custom storyboards by repurposing existing BI assets, such as charts and dashboards. This centralised approach strengthens your overall BI strategy.
4. Improved collaboration and workflow: As a unified platform for your organisation, the portal fosters collaboration among teams, allowing them to share insights and work together more effectively.
5. Personalised user experience for enhanced productivity: The portal tailors content to each user's role, preferences, and history, streamlining access to essential information, improving efficiency, and increasing BI adoption rates.
6. Adaptable and future-proof BI solutions: Stay ahead of the curve by seamlessly integrating new technologies and retiring outdated systems without disrupting users or the business, saving time and resources.
7. Data-driven decision-making made easy: Empower your organisation with data storytelling through the enterprise portal, providing accessible analytics, contextual information, and broad-scale collaboration. This fosters a data-driven culture and enhances decision-making.
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