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How Does BI Software Compare to the Familiar Spreadsheet?

by ElegantJBI

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For more than twenty years spreadsheets have been the foundation upon which analysts build reports, provide business intelligence and present data to business users. As the demand for data management, business intelligence forecasting, predictive analysis, charts, graphs and BI reports outstripped the ability of report analysts and experts to provide information to enterprise users, the enterprising business user began to share and distribute spreadsheets. The result was an overload of incomplete, incorrect, out-of-date information. No matter how carefully users prepare spreadsheets, create formulae, and sort and filter data, nearly every spreadsheet lacks integrity, traceability, consistency, and security.

Every enterprise grapples with mountains of data residing in disparate systems. Without business intelligence features and a business intelligence tool, you don’t have the ability to integrate data, filter, and sort and map information, so your business cannot achieve true operational BI.

BI tools, balanced scorecards, personalized BI dashboards, key performance indicators (KPIs), exception alerts, OLAP analysis and CPM solutions empower users with streamlined, filtered data, and concise information, integrated from diverse systems and applications. Analysis is presented in customized views to meet the needs of every user. The solution is accessible and secure and results are dependable and accurate.

Spreadsheet software can serve as a personal productivity tool for simple, straight-forward analysis and presentation of data, but this software falls short of meeting the business intelligence requirements. Spreadsheets are not designed for collaboration, nor do they adequately support integration and sophisticated analysis of diverse data sets, disparate data formats and sources.

Flexible, robust BI solutions provide many benefits to the enterprise as compared to the spreadsheet solution:

1. Data Consistency
2. Data Integrity
3. Data and Information Security
4. Intuitive Use and Sophisticated Function
5. SOX and Audit Compliance
6. Analytical Features for Every User Skill
7. Publishing and Collaboration
8. Connectivity and Integration with Other Data Sources
9. Data Updates from Diverse Sources
10.Unified Intuitive Analysis and Dimensions
11.Data Volume Support
12.Speed of Analysis
13.Printing and Export
14.No Required Technical or Programming Skills
15.Ease of Use Ensures User Adoption
16.No Dependence on IT
17.Affordable Licensing
18.Swift Implementation

Flexible, affordable Business Intelligence solutions and business intelligence suites are designed for easy customization to meet the requirements of user roles. BI solutions provide sophisticated analytics and simple functionality, so user adoption is swift. Browser-based tools are accessible from anywhere. BI modules and tools satisfy the most sophisticated business intelligence and data security needs and provide an environment where users can monitor objectives and take corrective action before an issue becomes critical.

If you want your organization to be empowered with the right information, in the right format, at the right time, it is time to graduate from the familiar spreadsheet to a true business intelligence tool.

Contact <a href="" title="ElegantJ BI">ElegantJ BI</a> today and get the ultimate <a href="" title="business intelligence software">business intelligence software</a> and <a href="" title="KPI dashboards">KPI dashboards</a> to enhance your business strategies and goals.


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