Better Strategic Planning With Business Analytics Software
Business analytics is typically described as an amalgam of skills, technologies and applications appropriate for exploration, investigation and analysis of prior business activities so as to gain insight into better business planning. Business analytics should not be confused with business intelligence. The former is intended to assist business owners and managers in acquiring and capitalizing on creation of new insights into business strategies and tactics performance based on data and statistical methods. On the other hand, analytics based on business intelligence employs a group of metrics that measure past performance and guide the type of business planning that is also based on data and statistical methods ““ as opposed to “seat of the pants” business planning.
Business analytics makes extensive use of data, statistical and quantitative analysis, explanatory and predictive modeling, as well as fact-based management to enhance decision making. Analytics may be used as input for human decisions or may drive fully automated decisions. In essence, business intelligence is querying, reporting, online analytical processing (a/k/a “OLAP”) and “alerts.”
That is to say that querying, reporting, OLAP, and alert tools can answer questions like these: what happened, how many, how often, where the problem is, and what actions are needed. Business analytics can make it significantly easier to answer questions like why is this happening, what if these trends continue, what will happen next (i.e., predict) and what is the best that can happen (and how to optimize the situation).
Of course, the efficacy of business analytics software depends on adequate amounts high reliable, verifiable data. Experts in the field he difficulty in ensuring data quality is integrating and reconciling data across different systems, and then deciding what subsets of data to make available.
Not so long ago, analytics was considered a type of after-the-fact method of forecasting consumer behavior by examining the number of units sold in the last quarter or the last year. This type of data warehousing required a lot more storage space than it did speed. Now, business analytics is becoming a tool that can influence the outcome of customer interactions. When a particular customer type is contemplating a purchase, a seller with access to business analytics may quickly be able to adjust the sales approach in order to tailor it to that consumer.
As you might well expect, SAP BusinessObjects Analysis, edition for OLAP is renowned for enabling users to gain insight into business data and make intelligent decisions that impact corporate performance significantly.
Cornerstone Provides Consulting for ERP, Management, Analytics, and Business Intelligence Software, as well as Related Services and Technology Solutions, to Growing Manufacturing and Distribution Enterprises
Like so many small and midsized companies, you too can rely on Cornerstone’s expertise for world-class enterprise resource planning (ERP), analytics, business intelligence (BI) software and related information technology (IT) services, to help your company run better now. Simply stated, our level of experience and technical support capabilities are superior. We’re definitely Not the “new kids on the information technology (IT) block”. Cornerstone’s brilliant team of consultants, CPAs, marketing specialists, (U.S.-based and English speaking) programmers and mobility consultants have been providing high-performance business software, as well as unparalleled technical support, to small and midsized manufacturing and wholesale distribution enterprises for more than thirty years.
Cornerstone Consulting’s areas of expertise include, but are not limited to:
- SAP Business One
- E-commerce / M-commerce
- Business Intelligence
- Business Analytics
- Cloud Computing
- Custom Programming
- Software as a Service (SaaS)
- Website Development and Hosting
If you’re looking for an oustanding software consulting, enterprise resource planning systems, and IT firm specializing in optimal business efficiency for all areas of your small or medium sized company, such as: financial accounting, operations, customer relationship management , sales, inventory control and tracking, warehouse management, e-commerce, and more. Cornerstone’s “dream team” of programmers, trainers and consultants specialize in providing our Manufacturing, Wholesale Distribution, and Online Retail clients with optimal business process configuration, integration and automation.
Considering implementing state-of-the-art ERP, business intelligence (BI) and analytics software? We’d like to hear all of your ideas. Feel free to contact Cornerstone Consulting at 813-321-1300 for information about business analytics software solutions.
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