Gone are the days when businesses could operate with weeks-old reports generated via constant back and forth between business and IT. Real-time data capture and on-demand reporting are essential for enterprises to keep pace with competitors and demand. With the launch of SAP Business Suite 4 SAP HANA (SAP S/4HANA), SAP’s next-generation business suite, SAP is moving away from batch processing and into real time. Enterprises must make a similar switch to focusing on analytics and flexibility, and to do so they need to build a technology platform that can capture applicable metrics and turn data into actionable insights. What’s more, these enterprises also need the right people who understand the underlying technology, data science, and business significance.
With a mature analytics model and framework, businesses get the flexibility of the reporting as well as management capability at the executive level. A well-built framework can provide dashboards and performance metrics that allow the business to take charge of data and make swift, effective decisions.
When evaluating analytics platforms, businesses must consider functionality, performance, and ease of use, but also technological adaptability. A properly aligned roadmap will ensure that the technology can support what the business wants, freeing up IT to focus on optimizing the architecture. It’s the business that now owns the data and can dynamically change the reporting based on how the business wants to operate.
A Self-Service Framework
Stellium works with clients to design and build a self-service business intelligence (BI) and analytics framework that gives them the ability to drill down and drill through the data to make quick decisions and obtain measurable results. By including built-in metrics and enablers to speed development capabilities and provide better reporting, Stellium can help clients reduce their implementation time by 60%.
Whether a business has just completed an implementation and is beginning to figure out how to access and use data, or has a more mature model that is already generating reports, it’s critical that the company uses a platform that provides the flexibility to consume the data in alignment with business needs without incurring additional costs. Stellium’s approach does just that by allowing companies to take action on the data and drive better business decisions by moving from a descriptive focus — “Here’s what I’ve done in the past” — to a prescriptive and predictive one.
A well-built framework can provide dashboards and performance metrics that allow the business to take charge of data and make swift, effective decisions.
Data That Drives Change
There is a tendency for companies to focus on great dashboards and pretty reports, but a proper analytics platform is about more than that. These front-end capabilities must be complemented by the ability to drill down into data, as well as the flexibility to customize and change reporting needs post go-live. And any project that involves data must have a proper data governance process to build trust with the users in the organization. Untrustworthy data affects reporting of course, but it also hinders user adoption, and therefore hurts the overall return on investment (ROI).
By using a framework that promotes self-service, users all the way up to the executive level have easy, intuitive access to real-time analytics. They can also quickly determine the root cause of any challenges that arise, rather than having to spend the time and IT resources to identify them as they did in the past.
The ability to consume data easily and in real time allows enterprises to improve both operationally, by making sound decisions based on real, accurate information, and strategically, by better forecasting the future. From master data governance to a custom-built analytics and reporting framework, Stellium helps companies improve decision making and get better business results.
To learn more, visit http://stelliuminc.com.