How Will Azure Business Intelligence Change Your Business In 2023?
How can your company benefit from implementing a business intelligence strategy in 2023?
Business intelligence solutions are top of mind with executive and leadership teams as the digital transformation and emerging technology markets continue to grow exponentially.
But what exactly is business intelligence? We found an excellent definition on the technology information website TechTarget:
Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions. As part of the BI process, organizations collect data from internal IT systems and external sources, prepare it for analysis, run queries against the data and create data visualizations, BI dashboards and reports to make the analytics results available to business users for operational decision-making and strategic planning.
That’s a lot of ground to cover. So in this post, we’ll drill down into three business-critical aspects of BI:
- Why is business intelligence so important in 2023?
- How will a business intelligence strategy positively impact your core lines of business?
- How will a business intelligence strategy in the Azure Cloud make your business more competitive?
Let’s get started with the basics.
Why is business intelligence so important in 2023?
Simply put, BI enables business leaders to make insightful, timely, informed decisions. 2023 will continue to present companies of all sizes and scopes with unique challenges and increased competition.
Your BI and data analytics infrastructure can give you the advantage you need to leave your competition in the dust. It can literally be the difference between surviving and thriving as the market leader in your space.
You need timely insights into critical business information across departments, teams, vendors, supply chains, financial markets, geographic regions, markets, etc.
And the information you need is waiting to be unlocked and leveraged in your business applications in the Azure Cloud.
How will a business intelligence strategy positively impact your core lines of business?
Your LOBs don’t operate in a vacuum, and neither can their applications and data. The 2023 business ecosystem will continue to be significantly impacted by hyperinflation, supply chain interruptions, price increases, and labor shortages.
Incisive business intelligence information will keep your teams on the same page and one step ahead of these challenges. Sales and marketing teams will now be able to have instant access to manufacturing and production schedules to forecast product availabilities.
Supply chain, manufacturing, and procurement teams can instantly view sales trends to inform buying and supply-side decisions. The finance team has a real-time, 360°, enterprise-wide view of your business’s current and future sales projections, cash flows, income, and operational expenses.
BI in Azure uses comprehensive data extraction and analytics techniques to aggregate critical digital business information from your applications. That information is then formatted into highly informative, intuitive, comprehensive reports and distributed to the appropriate stakeholders for viewing and sharing in their dashboards.
You’ll be amazed at how much more engaged, effective, and empowered your teams will be when they have instantaneous access to actionable, insightful, intuitive reports and information.
How will a business intelligence strategy in the Azure Cloud make your business more competitive in 2023?
In a nutshell, business and team leaders at every level of your organization can now make informed, data-driven, impactful decisions in real-time. Critical, inferential decision-making is now just a keystroke away in their dashboard.
Intuitive, data-driven decisions mean your business is operating at optimal operational efficiency levels. That means you’re leaner, meaner, and more competitive.
So what will you learn about BI when you start down the path of building business intelligence in Azure? These are some of the basics that we offer in our free one-day course on BI essentials:
- How to develop and report on your unique KPIs and establish critical business reporting and analytics objectives
- Infrastructure design and usability matter—learn the basics of BI and data analytics infrastructure design
- Data literacy is highly variant—learn the skills that can help your organization develop and leverage BI expertise quickly and effectively
- Practice with real-world exercises live with Power BI
So where can you go for more info on building a BI strategy?
We’re here to help you get started. Our team has over 30 years of combined experience designing and building data analytics and BI solutions in the Azure Cloud. In a technology world that’s constantly changing, you need a partner with the experience and knowledge to help you keep pace.
At OmniData, we call this Analytics in Action, our next-generation end-to-end Power BI-based analytics offering.
Are you ready to unleash the power of information to propel your business to a leadership position in 2023?
You can drive a real-time, 360° view of your customers and their behavior, gain insights into your operational processes, and access every aspect of your finances with a few keystrokes. Our Analytics in Action Workshop offering will show you where you need to focus to unlock your company's crucial BI opportunities in every aspect of your operations.
OmniData is offering this first step in your BI journey at no cost and with no obligation to you and your key decision-makers.
Innovation, engineering excellence, and unsurpassed technical expertise are at the core of everything we do.
Can we help you with any questions?
Call us any time at 866.386.0792 or get in touch with our team and book your seat in our complimentary Analytics in Action Workshop online today.