What do you really know about the data that yourbusinesscollects? How do you store it, or manage it? What do you do with it once you get it?

For many companies, the answer may be, “I don’t know,” or “Not enough.” But all that data—also calledBusinessIntelligenceor BI—is a useful tool for understanding both current conditions and future trends.

Luckily, the BI software management industry has kept up to speed with needs of companies—no matter what products or services they sell. But wading through the options for BI software to pick the one that best suits your corporate structure can be difficult.

For starters, you need to understand that not all software is equal; different options come available with different platforms, delivery methods, and distribution options. As you begin to evaluate them, it’s helpful to know what goals you have for your data—what translates into successful use for your company as it relates to BI? Once you know that, you must also identify how that data would integrate, both horizontally and vertically, into your company, and who must be able to use the data internally.

Of course, the best-suited tools in the world won’t matter at all if the people in your company don’t know how to use them. Training is a necessary element of BI, and it’s likely training that will have to be repeated as software is updated.

As you gather that data, you’ll have other people, or other companies, that would love to take it from you. So securing your BI software is also something you must understand and feel comfortable with. No security is just opening yourself up to hacking.

What else is essential when evaluating and choosing BI software? This graphic can help you understand the options.

Click To Enlarge


What's Your BIQ? All You Need to Know about Business Intelligence Software

viaSalesforce

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