August 22, 2018
What is Self-Service Analytics?
According to Gartner IT Glossary, self-service analytics empowers line-of-business professionals to perform queries and generate reports on their own, with minimal IT support. Simple-to-use BI tools with basic analytic features and a simplified data model make this process easier and more accessible. In this blog article, we will discuss how you can prepare Self-Service Data Analysis using BI.
Traditional Data Analytics: A Time-Consuming Process
In traditional business setups, only the IT team could prepare data for analysis. The process was time-consuming and involved complex tasks like ETL (Extraction, Transformation, Loading), accessing Data Warehouses or Marts and managing data from various sources.
Self-Service Data Analytics involves a set of sophisticated BI tools. Which are designed to give more freedom and access to business users to explore, manipulate and merge new data sources. It also frees them from depending on the IT staff or specialized business analysts.
A business organization usually works with multiple data sources that are not well integrated with each other. For example, a CRM system keeps the customers information, but the purchase records of customers are stored in an accounting system. In some cases, different locations of the same business use different database. An organization must integrate multiple data sources to make informed decisions based on the analysis of its operations. This is very important to be able to spot key insights about the business’s performance.
EasyReports BI: Enabling Instant Data Integration
By using Self-Service Data Analytics as provided by EasyReports BI (Business Intelligence) tool, business users can extract insights in minutes rather than hours or even days. Traditionally, the IT team or business analysts take up weeks or even months to integrate all the data sources. With EasyReports BI, business users can integrate all data sources on the fly independently. They do not have to depend on any assistance from the IT team or business analysts. It allows users to access data integrated from multiple sources. They can use this data to perform Data Preparation, test theories and hypotheses, prototype to test price points, analyze changes in consumer buying behavior. Also, it can anticipate changes in the competitive landscape and otherwise leverage data for analytical purposes.
Why Self-Service Analytics is the Future of BI
Self-Service Analytics is the future of Business Intelligence. It produces key business insights which help organizations to make informed decisions about future business strategies. Business users get access to data from numerous data sources. They can select and analyze data to make timely, accurate decisions. Organizations can gain insight into buying behavior, analyze supply chain issues, identify new markets, locations and opportunities and anticipate resource and training needs.
With this above-mentioned process, you can prepare self-service data analysis using BI. If you want to empower your business with Self-Service Analytics, EasyReports is a powerful BI tool. Which provides flexible and affordable reporting solutions. To know more, log on to www.easyreports.in or send an enquiry mail to contact@easyreports.in