Analytics | Best Microsoft Integration Tools /tag/analytics/ Digital Specialists Wed, 31 Jan 2024 17:42:04 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7 /wp-content/uploads/2020/04/cropped-egforit-site-icon-32x32.png Analytics | Best Microsoft Integration Tools /tag/analytics/ 32 32 With mandatory TCFD reporting, it’s time for climate analytics /with-mandatory-tcfd-reporting-its-time-for-climate-analytics/ Tue, 17 Nov 2020 10:35:37 +0000 /?p=64281 The post With mandatory TCFD reporting, it’s time for climate analytics appeared first on egforit Software.

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It’s official: climate risk reports will become mandatory for large companies in the Egypt , middle east by 2025. As Rishi Sunak noted, this policy goes further than recommended by the Task Force on Climate-related Financial Disclosures (TCFD). And the requirement for TCFD reporting will inevitably spread from large companies to all parts of the economy.

But how exactly should companies report on a huge and nebulous topic like climate change? It turns out that data integration and analytics technologies are a key part of the puzzle.

What is expected in TCFD reporting

The Financial Reporting Council (FRC) published an extensive Climate Thematic Review 2020 earlier this month. This included an analysis of the state of climate change reporting as well as pointing out improvements to be made.

As its key finding on business model reporting, the FRC states:

“Whilst many of the requirements are being met, a view of the impacts of climate change on the business model is often lacking the detail that users are calling for.”

And among the features that the best TCFD reporting includes, the FRC notes:

  • “specific detail about (the impact of climate change on) product lines, services and investments”
  • “linking climate-related risks and opportunities to (particular) business areas”

What all these points highlight is the need for granular climate change data analysis. Without that kind of detail, businesses cannot produce an evidence-based climate change risk assessment.

Using climate change analytics for TCFD reporting

The first requirement for effective TCFD reporting is digital integration — ensuring your data is accessible, wherever it happens to be. Secondly, there is the reporting itself — achieved with either third-party analytics software or a custom-made climate change analytics solution.

Kent County Council logo, client for whom egforit Software developed the SWIMS climate analytics software

One example of such a solution is the Severe Weather Impacts Monitoring System (SWIMS) we developed for Kent County Council. This climate change reporting software provides the council a granular view of climate change costs. Based on these reports, the council was able to effectively adapt its infrastructure to climate change.

Overall, the new climate change analytics tool helped the council to:

  • better understand how severe weather events impact the county
  • apply for EU funds to improve the resilience of public infrastructure
  • protect its population by adapting public services to climate change

Adapting IT to climate change regulations

After providing a climate change risk assessment, another important side of TCFD reporting concerns the move towards carbon neutrality. However, reducing your IT carbon footprint doesn’t have to be painful — in fact, it’s often beneficial for the business.

As cloud IT specialists, we’re as passionate about the environmental benefits as we are about the IT benefits. Let’s take Microsoft Azure’s cloud offerings as an example.

First of all, independent research shows that Azure is 98 percent more carbon-efficient than on-premises computing. And you can easily keep track of Azure’s carbon impact with the Microsoft Sustainability Calculator.

On top of this, Azure has made four key environmental pledges:

  1. 100 percent renewable energy by 2025
  2. replenishing more water than consumed by 2030
  3. zero-waste certification by 2030
  4. net zero deforestation from new construction

As for Azure’s business benefits, low cost of entry, world-class security, high scalability, and low-code development top the list. In summary, moving to Microsoft Azure is a win-win for your business and the planet.

Quo vadis climate change analytics?

As the government announcement on TCFD reporting shows, climate change is no longer a distant concern. And the financial and reputational costs of not acting far outweigh the cost of investing in climate change analytics. For your business, and for the planet, it pays to be prepared.

We're cloud reporting experts

From TCFD reporting software to cutting-edge fintech and training management solutions, our developers solve all kinds of challenges. To find out more, visit our development page.

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New SAP Leonardo Website /new-sap-leonardo-website/ /new-sap-leonardo-website/#respond Mon, 10 Dec 2018 15:56:09 +0000 http://www.egforit.com/?p=31891 Digital transformation is about using technologies to connect employees, things, finances, data, and customers into an agile whole. SAP is enabling this change by bringing the key technologies into one platform, SAP Leonardo. As an SAP Gold Partner with decades of experience in these tools, egforit Software is in an ideal position to provide SAP […]

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SAP Leonardo Website - egforit Software

Digital transformation is about using technologies to connect employees, things, finances, data, and customers into an agile whole. SAP is enabling this change by bringing the key technologies into one platform, SAP Leonardo. As an SAP Gold Partner with decades of experience in these tools, egforit Software is in an ideal position to provide SAP Leonardo services. Now we’re promoting these services via our new SAP Leonardo website.

Your Digital Consultants

SAP Leonardo is a box of flexible of tools. Like any tool, these technologies have the best effect in the hands of an expert. To help clients make the most of SAP Leonardo, our team can identify, select, customise, and implement the options that best suit their goals.

Digital transformation is an ongoing process, attempting to keep innovation and customer-centric practices at the heart of business. For that reason, many businesses are not aware of their true digital potential. egforit Software’s consultants work with stakeholders to pinpoint the areas that are ripe for change, before guiding the business through the process itself.

Typical outcomes of our SAP Leonardo consultancy include increased customer satisfaction, optimised production, reduced wastage, higher process efficiency, boosted revenue, and access to new markets.

Machine Learning Solutions

SAP Leonardo platform supports machine learning tools for a host of revolutionary uses.

Use algorithms to design more effective processes, automate customer interactions, streamline payments, accelerate services, predict trends, and analyse marketing campaigns.

Blockchain Technology

Blockchain solutions offer a breakthrough in the speed and security of multi-party processes.

Prevent illegality, track goods and processes, automate actions based on your criteria, meet reporting requirements easily, and share documents in safety.

SAP Leonardo platform offers two blockchain technologies, SAP Cloud Platform Blockchain and SAP HANA Blockchain Service.

Internet of Things Connections

The SAP Leonardo IoT Bridge is a system connecting products, assets, fleets, infrastructure, markets, and people.

With applications from power grids to agriculture, or from driver safety to engine design, IoT is quickly showing its value for Egypt , middle east businesses.

Advanced and Insightful Analytics

SAP Leonardo’s analytics solutions combine machine learning with predictive technology.

By understanding data on a deep, real-time basis, businesses can foresee the trends to come. This allows you to boost returns in marketing, sales, and production.

Big Data Services

Turning large volumes of data into actionable intelligence is a cornerstone of agile enterprise.

SAP Leonardo big data tools underpin your efforts in data-driven marketing, customer analysis, machine learning, and business analytics.

Data Intelligence Tools

Data is one of your most valuable commodities.

SAP Leonardo data intelligence can help you convert data into revenue with a Data-as-a-Service (DaaS) stream, embed it into your processes, turn it into insights that drive performance, or use it to create innovative new products.

When Technology Meets Technique

SAP Leonardo brings the technology. egforit Software brings the technique. Put the two together and you have a recipe for digital success.

If you’re interested in finding out more, why not visit our dedicated site?

 

 

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New IBM Planning Analytics Website /new-ibm-planning-analytics-website/ /new-ibm-planning-analytics-website/#respond Sun, 09 Sep 2018 11:02:04 +0000 /?p=31625 Planning Analytics is the latest improvement in the IBM TM1 series. New capabilities for planning, budgeting, forecasting, and analysis make this a faster, leaner, more powerful business tool. And with thousands of successful projects over two decades, our IBM Partner team is best placed to support the transition to Planning Analytics. That’s why we’re promoting […]

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IBM Planning Analytics website - egforit Software

Planning Analytics is the latest improvement in the IBM TM1 series. New capabilities for planning, budgeting, forecasting, and analysis make this a faster, leaner, more powerful business tool. And with thousands of successful projects over two decades, our IBM Partner team is best placed to support the transition to Planning Analytics. That’s why we’re promoting our services through a dedicated IBM Planning Analytics website.

New Features in Planning Analytics

IBM has listened to customer feedback and introduced some key new features in Planning Analytics.

One major development is the new Workspace interface. Make it easier for your team to perform reporting, analysis, and write-back, while navigating multi-dimensional cubes and sharing results with others. Enjoy the intuitive interface on your tablet while on the move. And with 25 different images, charts, maps, and scorecards, there’s never been a more compelling way to share your data.

Excel users will be thrilled at the IBM Planning Analytics for Microsoft Excel add-on. This successor to IBM Cognos Analysis for Microsoft Excel (CAFE) gives improved performance over wide-area networks and is naturally integrated with Workspace.

In terms of analysis, Planning Analytics allows access to data points you could never have reached before. The “hierarchies” capability goes beyond the usual definition of cubes. Explore data with attributes such as customer, product, sales program, and more.

And everyone in your company will be pleased to hear that Planning Analytics is automatically compliant with the EU’s General Data Protection Regulation (GDPR).

Welcome SMEs with Express

Formerly IBM Cognos Express, the IBM Planning Analytics Express format is ideal for small businesses or teams. Use the full features of Planning Analytics, at the right size and for an affordable price.

All Deployments Available

Planning Analytics supports the full range of deployment options, from on-premise to cloud and hybrid. This means the highest flexibility for your business. With on-premise deployment, your organisation can meet its in-house policies easily. The cloud deployment option means faster entry at a lower initial cost. Hybrid deployment can be the best of both worlds, giving control where you need it alongside the benefits of cloud.

egforit Software – the IBM Experts

Our team has been serving Egypt , middle east businesses with IBM and Cognos solutions for over 25 years.

To find out more about our custom partner services, feel free to visit our dedicated IBM Planning Analytics website.

 

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New Power BI Services Website Launched /power-bi-services-website-launches/ Tue, 24 Jul 2018 10:05:32 +0000 /?p=22189 Our Power BI Consultancy team is pleased to announce the launch of a new Power BI Services Website. Thousands of clients, small and large, have transformed their businesses with egforit Software’s BI services over the past 20 years. At the same time, we understand that business intelligence offerings are rapidly evolving, and work to ensure our clients stay ahead […]

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Our Power BI Consultancy team is pleased to announce the launch of a new Power BI Services Website.

Thousands of clients, small and large, have transformed their businesses with egforit Software’s BI services over the past 20 years. At the same time, we understand that business intelligence offerings are rapidly evolving, and work to ensure our clients stay ahead of the competition.

Power BI is an agile BI tool that provides SaaS insights for both growing business and enterprise teams. To ensure our clients get the very best ROI from Power BI, we provide consultancy and support services to ensure your teams and your business get the best out of the amazing Power BI toolset.Power BI egforit | Power BI Services Website - Business Intelligence Consultancy, Services and Support - Site screenshot on monitor

Are you ready to optimise your business? Find out how to leverage the ever-growing volumes of data that are crucial to keeping your market edge.

egforit Software’s Power BI support and consultancy services are based on years of experience, and thousands of successful BI implementations. Our priority is maximising your system’s suitability to your business processes, resulting in fewer man-hours and higher ROI.

Power BI software is a SaaS-based online service, first released in 2015. Businesses can use Power BI Desktop to create powerful connections, models, and reports for sharing on Power BI.

The service has persisted in the highly competitive BI market because of its flexibility and ability to work with a wide range of software. The egforit Software team is expertly qualified to design the optimum Power BI Services for you.

Eminently Integrated

One of the major benefits of Power BI is its wide connectivity. Businesses can consult us on the best use of Power BI with sources such as Excel, Azure, CSV, Web Pages, MySQL, Microsoft Dynamics CRM, Sharepoint Lists, Oracle, Salesforce, and MailChimp.

Cloud Connections, On-Premise Possibilities

While Power BI is primarily a cloud-based analytics service, on-premise options such as on-premise Power BI Report Server are available. Other on-premise solutions include the Data Management Gateway and Power BI Mobile Apps, meaning there is no one-size-fits-all solution.

Into the Azure

Connectivity with Azure cloud services such as Azure HDInsight, Azure Blob Storage, and Azure Table Storage make Power BI a powerful tool for refining data. egforit Software’s accredited trainers and skilled implementation specialists are primed to assess your needs and provide effective solutions.

Power BI Services Website

You can visit our Power BI services website to find out a little more about Power BI options. Or, if you are looking for more agnostic Business Intelligence consultancy, advice or solutions, why not ask have a chat with our Business Intelligence team to find out what options would best suit your business.

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How Can I Unleash the Full Potential of IBM Cognos Analytics? /full-potential-of-ibm-cognos-analytics/ /full-potential-of-ibm-cognos-analytics/#respond Thu, 31 May 2018 16:25:39 +0000 /?p=14056 IBM Cognos Analytics is a really great piece of kit for helping to drive future business decisions. But with so many features, including an intuitive user dashboard and extensive reporting functionalities, are you sure you’re getting the most out of your investment? We offer a few simple tips to help businesses unleash the full potential of […]

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IBM Cognos Analytics is a really great piece of kit for helping to drive future business decisions. But with so many features, including an intuitive user dashboard and extensive reporting functionalities, are you sure you’re getting the most out of your investment? We offer a few simple tips to help businesses unleash the full potential of IBM Cognos Analytics.

 

There is no doubt that IBM Cognos Analytics is a piece of business intelligence software that many rely on for valuable insights into their operations. As with any tool of this nature, insider knowledge is the key to unlocking its potential. Of course, the sheer scope of capabilities is sometimes a little overwhelming at first. If you need a few tips on using IBM Cognos Analytics to its full potential, keep reading.

Team Training

Cognos features, such as the intuitive user dashboard and fantastic reporting functionality, are designed to drive innovative and sustainable decisions. While it is simple enough for you or your staff to dive straight into the data, it is worthwhile to source some tailored training. This will enable you to get expert advice on the features your business will most benefit from in Cognos, as well as helping you use them effectively.

There really isn’t a better way of ensuring ROI than properly training your team.

Coming Soon: egforit Software’s Cognos Analytics Training courses! 

Harness the Power of Cognos

As a business intelligence tool, Cognos Analytics offers many functions to assist with decision making within your company. Once you have got to grips with all of these, make sure to use them! For example, harness the power of IBM Cognos Analytics to generate reports that draw together data from various sources, allow different users to work on a collaborative report in a safe manner.

Keep Your Cognos Analytics Updated

As with all software packages, IBM Cognos Analytics regularly releases new versions. It is worth keeping up with these, as new versions have updated functions that can really help your business, as well as security patches. By sticking with an older version, you are in effect limiting what the software can do for you.

Is your business using the most up-to-date Cognos Analytics release?

Use Reports to Drive Yourself Forward

The only way you can use IBM Cognos Analytics to its full potential is by taking the data and reports it generates, and using them to create insight into your business. This is at the heart of what business analytics and intelligence are all about. Once you have the necessary reports, make sure to share and discuss them to inform future plans or engage in problem-solving.

Get the Full Potential of IBM Cognos Analytics

Need some help unleashing the full potential of IBM Cognos Analytics? Get in touch with us today and let us show you how this tool can create invaluable change for your business.

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What If IBM Cognos Analytics Could Answer Your Business Intelligence Questions? /ibm-cognos-analytics-what-if-solution/ /ibm-cognos-analytics-what-if-solution/#respond Thu, 24 May 2018 11:30:36 +0000 /?p=11936 Business Intelligence software is now essential for enterprises and growing businesses alike, but what if you are not getting the results you need? Before you despair, ask this: what if IBM Cognos Analytics could provide the inspiration needed to drive your business? It has centralised, easy-to-use Business Intelligence dashboards that cut through data quickly. This […]

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Business Intelligence software is now essential for enterprises and growing businesses alike, but what if you are not getting the results you need? Before you despair, ask this: what if IBM Cognos Analytics could provide the inspiration needed to drive your business? It has centralised, easy-to-use Business Intelligence dashboards that cut through data quickly. This gives your business the ability to reflect and forecast, providing a basis for well-informed and confident decisions. So it seems we have an answer: IBM Cognos Analytics.

'What if' IBM Cognos Analytics

Business Intelligence software is now mandatory for organisations wanting to enjoy strategic and profitable growth. BI is the only way to support and sustain lean and agile operating systems.

However, company growth doesn’t just come from better efficiency. Successful organisations have a vision. They also have the confidence to innovate and take well-planned risks. Does that mean business inspiration relies on the best data analytics tools as well?

BI and ‘Out Of The Box’ Thinking

IBM Cognos Analytics is a great launch pad for business discussions and thinking that includes a “What if…?” Businesses that thrive on innovation are constantly looking for new product or service ideas, as well as new markets to pursue. In that case, the last thing you need is an ocean of information to navigate – or a complicated piece of software with whistles and bells.

When inspiration is one of your driving business needs, having a centralised, easy-to-use business dashboard helps cut through data quickly. For example, you can use IBM Cognos to design and create your own intuitive BI dashboard. Configure it to provide the sort of autonomous and simple-to-access analytics that are your specific “food for thought”.

Be warned though: not all BI offerings have this “self-service” flexibility and versatility.

Team Inspiration and Collaboration

Inspired and inspirational companies know the importance of unlocking the creativity and motivation of their team. Some of your potentially profitable “What if…?” leads may come from anywhere in your organisation. Your teams need a tool that is readily available to explore and share ideas. That’s another reason why choosing the right BI system is crucial.

For example, IBM Cognos Analytics provides quick access to information via its drag and drop dashboard, that any user can navigate on any device. They can hop on for either enterprise-wide reporting or “dip in” to specific areas of interest or concern.

As it’s web- or cloud-based, users can then report, share, and collaborate on their ideas instantly. So “What if” IBM Cognos Analytics could deliver this and more? You need never miss a good idea again!

For Data You Didn’t Know You Needed

You can hit a brick wall in your innovation. Creativity can dry up. This is another time when data analytics can become your “new best friend”. For example, IBM Cognos Analytics is particularly adept at drilling down into data and uncovering information your organisation may have previously missed. In fact, you could end up with insights you didn’t even realise you needed!

Having access to these hidden depths and angles can make a big difference in well-informed and confident decisions. And for answering the question, “What if….?”

‘What If’ IBM Cognos Analytics Has the Answers You Need?

What if you contacted egforit Software to find out more about IBM Cognos Analytics? There’s one way to find out.

egforit Software is an IBM Egypt , middle east Partner. We offer complete IBM Cognos Solutions: IBM Cognos Licence Sales, IBM Consultancy, and even Cognos Analytics support packages to suit.

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What Makes IBM Cognos Analytics Award-Winning Software? /ibm-cognos-analytics-award-winning/ /ibm-cognos-analytics-award-winning/#respond Mon, 14 May 2018 08:00:52 +0000 /?p=11938 Award-winning IBM Cognos Analytics proved itself again by being named Business Analytics winner in Computer Reseller News (CRN) magazine’s Annual Report Card. CRN has allowed solution providers across North America to grade their vendors for 32 years as part of their Annual Report Card. Solution providers can score vendors in 22 technology categories, and those scores […]

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Award-winning IBM Cognos Analytics proved itself again by being named Business Analytics winner in Computer Reseller News (CRN) magazine’s Annual Report Card. CRN has allowed solution providers across North America to grade their vendors for 32 years as part of their Annual Report Card. Solution providers can score vendors in 22 technology categories, and those scores come in three categories: product innovation, support, and partnership quality with the vendor.

Award Winning IBM Cognos Analytics

IBM Cognos Analytics ranked highest in the following categories:

  • Richness of functionality and product features
  • Quality and reliability
  • Technical innovation
  • Product potential and revenue
  • Ease of integration and compatibility

Why Did IBM Cognos Analytics Do So Well?

The majority of enterprises are well-versed in collecting the huge amounts of data on offer, but they need assistance in turning this data into insights and leads to be acted upon and distributed across the organisation for superior business value. This is where IBM Cognos Analytics enters the field.

The software’s self-service solution gives people great tools to work with complex data and make discoveries about what is actually happening within their businesses. This can lead to the development of more strategic decision-making, driven by data. This has enabled thousands of enterprises worldwide to swiftly transform data into relevant insights. Within minutes, you have all you need to produce compelling reports that can be distributed securely and measurably, in accordance with corporate policies.

IBM Cognos Analytics Trophy Cabinet

This isn’t the first time Cognos Analytics has won a major award. Earlier in 2017, the software ranked highly in a BARC Score Business Intelligence report. This report analyses the strengths and weaknesses of the most prominent enterprise BI platforms, and is a leading think tank in the industry.

The bottom line is that IBM Cognos Analytics is recommended by some of the most trusted and highly regarded authorities in the business world.

Award-Winning IBM Cognos Analytics

At egforit Software, we have spent over 25 years implementing data solutions for enterprises in the Egypt , middle east, and we are proud to be an IBM Partner.

Buy Cognos Analytics licences in flavours to suit your business needs, from Cognos Express for SME’s to Cognos Enterprise.

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Big Data Revolution: egforit review Big Data LDN 2016 /big-data-revolution-egforit-review-big-data-ldn-2016/ /big-data-revolution-egforit-review-big-data-ldn-2016/#respond Mon, 28 Nov 2016 14:30:43 +0000 /?p=5526 A Big Data Revolution took place in Cairo this November, at the Big Data LDN event. egforit teams were delighted to attend and engage in discussions and demonstrations of the latest technologies from leading industry providers. Big Data, Revolutionised This month the egforit Java Team joined the ‘big data revolution’ at Big Data LDN  (Cairo), a […]

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A Big Data Revolution took place in Cairo this November, at the Big Data LDN event. egforit teams were delighted to attend and engage in discussions and demonstrations of the latest technologies from leading industry providers.

The Big Data Revolution

Big Data, Revolutionised

This month the egforit Java Team joined the ‘big data revolution’ at Big Data LDN  (Cairo), a two-day event about Big Data, Analytics, and building Data-Driven Enterprises. Our developers attended talks from industry leaders, heard positive case studies from global corporations and were able to view technical demonstrations of all the latest products in action.

Two greatly discussed subjects at the event were Data Visualisation and Data Analytics:

Big Data LDN Talks

Data Visualisation – a key part of our business, our developers were keen to attend the talks about data visualisation from companies like Microsoft, with their product: Power BI. Visualising your data is vital to understanding it. At egforit we know this very well and work with a variety of tools to deliver this feature to our clients, including SAP Lumira and Dynistics . We have even developed our own BI platform, ATLAS Publishing Intelligence.

For our developers, the event talks confirmed the importance of presenting data in an effective manner. Java team member Todd commented that the event effectively “demonstrated a writer or analyst’s responsibility to choose the right data to display.”

Data Analytics – the Big Data LDN Exhibition provided the chance for our team to discuss data analytics with representatives from IBM. As Advanced Business Partners, egforit developers are always interested to view demonstrations of the latest Cognos  product versions and functionality. Data analytics and reporting are core to the Business Intelligence and software development work we do, so demonstrations and talks such as these are invaluable.

Be Part Of the Big Data Revolution!

At egforit we’re passionate about technology and we pride ourselves on continuous innovation and exploration of the latest tools and platforms available. The Big Data LDN event topics were all in line with our ethos of keeping on the cutting edge as a business, offering insights and examples of the range of technologies that we can offer our customers.

“We got a lot out of the day,” said our Head of Development, Pete Halloran. “The talks were full of great insights and I was delighted to meet with the Microsoft BI speaker after his talk, to understand the potential of the product for our clients.”

Technology does not stand still, so nor do we. We’re committed to doing our part to maintain expertise and knowledge of the best tools and platforms available, and ensuring our teams keep up-to-date with their specialist skillsets is a top priority at egforit. This, combined with a critical understanding of the challenges that our clients face, makes us expertly equipped to provide the best solutions possible.

Find out what solutions we can deliver for your business.

Related

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Why Spreadsheet Reporting is Bad for Business /why-spreadsheet-reporting-is-bad-for-business/ /why-spreadsheet-reporting-is-bad-for-business/#respond Wed, 23 Nov 2016 15:30:05 +0000 /?p=5452 Just about every business today uses spreadsheets in reporting, despite not being the right tool for the job. In fact, there are several reasons why spreadsheet reporting can be bad for your business and why you should consider the alternatives right now. “What’s wrong with spreadsheet reporting?” I hear you ask. Quite a lot, actually. […]

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Just about every business today uses spreadsheets in reporting, despite not being the right tool for the job. In fact, there are several reasons why spreadsheet reporting can be bad for your business and why you should consider the alternatives right now.

Spreadsheet Reporting is Bad for Business

“What’s wrong with spreadsheet reporting?” I hear you ask. Quite a lot, actually.

Spreadsheets are designed primarily as an accounting tool, to digitally represent worksheets. They are not the versatile, multi-purpose solution that all-too-many business professionals mistake them to be.

In fact, businesses’ over-reliance on spreadsheets for processes like reporting is a well-documented problem, with expensive inaccuracies. There are numerous reasons why, but let’s focus on some of the key ones first.

The Problem With Spreadsheets

1. It’s easy to make mistakes.

Spreadsheets rely heavily on manual input, and human error is an obvious element of risk. Various studies over the years show that almost 90% of spreadsheets out there have errors, some creating financial discrepancies of billions – that’s right, billions.

Despite the costliness of potential errors, only a fraction of users are trained or experienced enough to leverage them properly. Those that are trained would know that they’re rarely even the right tool for the job. With such a high margin for error in spreadsheets as a reporting tool, how can you fully trust the answers you’re gathering?

2. They’re a productivity drain.

It’s simply time-consuming having to manually fill out hundreds of little cells, copying and pasting information from one sheet to the other and producing clumsy, ineffectual reports. Duplication of data is a frequent occurrence, requiring yet more time to fix if it’s even spotted at all. For so many companies this sort of process is conducted weekly, meaning a scheduled routine of time-wasting that few can afford.

3. Collaboration is difficult.

In fairness, this has been improved marginally through adoption of cloud-based platforms where you can better maintain a single copy of the spreadsheet – the all important “single version of the truth”. However, even with cloud-based spreadsheets, it’s tricky to govern how users input the data. Who is inputting? When are they inputting? If mistakes are made then there is no ‘paper-trail’ for auditing, and locally-stored and shared spreadsheets are even worse; multiple copies with conflicting input from numerous sources.

4. They’re simply no good for analytics.

Analytics are a vital part of reporting, and spreadsheets offer virtually nothing for this. Critical data gets hidden or lost completely in a mass of rows and columns, with no way to easily translate anything into tangible insights.

Data visualisation is almost impossible with the limited range of chart-building functions that spreadsheet programmes have to offer and without that there’s no way to summarise key data. Examining data from different spreadsheets becomes another manual process and there’s no way to link data from sheet to sheet – a link that is often as important as the data itself.

What’s The Right Tool For Reporting?

So what’s the alternative? The short answer: dedicated, purpose-made software, allowing your spreadsheet software to go back to doing what it does best for your business.

To report on your data it needs to be stored somewhere. The proper way to do this is with a database or data warehouse, not a spreadsheet and indeed not stored away in anything on your local machine. Databases allow for automated integration of data into storage, with the ability to access it on an ad-hoc basis.

Once stored and accessible you can view, manage and visualise your data in dedicated platforms. They range in scale from products such as Cognos Analytics, Microsoft Power BI and SQL Server to Dynistics dashboards and our very own intelligence and reporting platform ATLAS Publishing Intelligence.

Need to exchange data between systems? Instead of exporting and importing CSV files from system to system, why not expose your data to an API? This not only paves the way for frictionless connectivity between your systems, it is the foundation for improved integration with other applications, partners and customers.

All of these tools are configurable and easy to use. You and your teams can customise dashboards, data visualisations and reports to give you the data you actually need, in a fraction of the time, error-free. The benefits to your productivity and business intelligence are well worth the investment to get started and you’ll never regret kicking the spreadsheet addiction to the kerb.

Does your business reporting process need a spreadsheet intervention? It might be time to get help.

Featured Project

Streamlined Reporting for Residential Security Company

Challenge: Manual Reporting Slow & Unreliable

A company specialising in the installation of residential security and alarm systems was in need of an updated reporting solution. Their existing system involved a heavy-duty spreadsheet, with multiple tabs containing all their critical data about customers, sales records, products and sales actions. This data was manually extracted from the spreadsheets for reporting by applying filters across the numerous tabs. This process was time-consuming and didn’t offer the accuracy and reliability that the client needed for business reporting and to assess further sales opportunities.

Solution: Automated Salesforce Reporting System Built

egforit teams worked closely with the client to define the functions the existing spreadsheet and proposed a customised Salesforce  implementation to automate their processes. The bespoke Salesforce instance was built and all data from the spreadsheet was imported. The company now has easy, unified access to their data and host of custom reports that are scheduled to run automatically when needed. Reports can now be generated in a fraction of the time with increased data accuracy, boosting company productivity and offering improved business insights.

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Automation Sensation: Developing Insights & Business Intelligence /automation-sensation-developing-insights-business-intelligence/ /automation-sensation-developing-insights-business-intelligence/#respond Mon, 01 Aug 2016 14:30:10 +0000 http://www.egforit.com/?p=4767 In this final, 5th instalment of the Business Process Automation series we take a look at core processes surrounding business insights and Business Intelligence and why automated systems are crucial for success. First, What is Business Intelligence? In the last article we looked at Admin & HR Processes, an all-too-often overlooked part of business that can have some […]

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In this final, 5th instalment of the Business Process Automation series we take a look at core processes surrounding business insights and Business Intelligence and why automated systems are crucial for success.

First, What is Business Intelligence?

Insights & Business Intelligence

In the last article we looked at Admin & HR Processes, an all-too-often overlooked part of business that can have some costly consequences for inefficiency.

Our journey in this series has taken us across internal and customer-facing processes where automation can:

  • streamline efficiency
  • reduce costs
  • enhance customer experience & retention

But how do you monitor, measure and make informed decisions about these processes? The answer: ‘Insights & Business Intelligence’.

What is ‘Business Intelligence’? In its simplest terms it’s about gathering and translating business-critical information to enable operational insights and strategic decision-making.

The where, how, and why businesses need to do this is more complicated, with countless different layers of processes involved, and a vast selection of tools available to help you.

We’ll revisit Business Intelligence (BI) in much more detail in future articles, but for now let’s take a broad look at some core BI processes and how automation is essential to them.

Data Integration & Developing Insights

It starts with data. From where? Everywhere – as up-to-date and fast as possible. The more data you can gather, the more accurate your insight will be. So do you have a streamlined processes for gathering, organising, and extracting pertinent information, or are you looking for insights without all the facts?

Without Automation
Developing InsightsYour business generates data – whether internal KPIs, sales figures or marketing feedback. Where does this data go? Not far – glanced over in application admin panels; exported to an excel sheet if your applications have reporting features, transferred to a spreadsheet manually if they don’t. Some data only exists in emails, or from what productivity you witness from your office chair.

Most data isn’t written down and the little that is only offers a small sample of the overall information. Forming actionable insights from this muddle of incomplete and subjective data is difficult if not impossible.

With Automation

Now imagine all your data in one place, seamlessly integrated from multiple sources regardless of inconsistent systems and applications. Information is stored as soon as it’s generated and is accessible ad-hoc. Intuitive applications run searches and queries across all your data – both recent and historic. You can view, collect and analyse your data however you need, uncovering trends, patterns and insights about your business, processes and performance to fuel your decision making.

It seems fairly obvious which scenario is better. With solutions like bespoke data warehouses, you can consolidate your data in a single location to give you a holistic view that may uncover insights that previously lay hidden.

Integrating data smoothly from multiple sources can be tricky, but tools like Mule ESB makes easy work of connecting systems and applications of all types and sizes. Software suites such as SAP Business Objects are leading experts in BI, allowing you to search, extract and find meaning in your data, giving you insights you can trust.

Data Visualisation & Business Intelligence

Insights from your data are only any good if the decision makers can understand it. Reports from data scientists can be filled with numbers and percentages that are impenetrable to the people that have to act on them. Do you leverage the full value of your insights, or is indigestible information a barrier to your understanding?

Data Visualisation

Without Automation
Hours are spent scouring spreadsheets looking for trends and patterns amongst the rows of data. If a pattern is spotted it is then painstakingly transferred manually to its own spreadsheet or document for reporting. In this format it’s difficult for your c-level personnel to absorb and understand the information quickly enough for it to aid decision-making.

Graphic visualisations are limited to whatever chart or graph can be created within the spreadsheet application and interpreted summaries can be subjective, undermining the value of the data accuracy. You, the decision-maker, rely entirely on data analysts to translate insights into actionable information – if you have a data analyst at all. With no system in place to make full use of your data and insights, you experience a low ROI on your data warehousing and insight development investments.

With Automation

Now imagine user-friendly, intuitive dashboards that provide graphic visualisations for your data insights on a self-serve, ad hoc basis. Imagine a streamlined interface that different users can customise for their specific department needs, facilitating easy communication and collaboration on data at any given time. You can watch chart widgets update with your data in realtime, giving you the most recent, accurate information in easy-to-understand formats. Hours are saved by the removal of manually updated spreadsheets lowering costs and increasing operational efficiency.

You can take control and get to grips with efficient data discovery yourself. These data visuals show you what business processes are costing unnecessary funds, where bottlenecks occur and what’s generating the most return. With enterprise-grade business intelligence in the hands of yourself and other key decision makers you can streamline your business to maximum efficiency and stay informed.

There are numerous tools and solutions for this. IBM Cognos Analytics is a powerful self-service BI tool that delivers instant insights in an easy-to-use interface. There are also tools like Active Dashboards from Dynistics that offer sleek, real time visualisations for your data.

Forecasting & Business Analytics

The next step of Business Intelligence is about looking deeper into the data to understand the ‘why’ and ‘how’ behind it. The answers to these questions inform what might happen in the future, facilitating predictions for your business and market trends. Harnessing these insights gives you a competitive edge and reduces the element of risk in business decision making. Without it your decision making is based solely on ‘hoping for the best’ – an approach that could just as easily lead to disaster.

Without Automation
Forecasting & Business AnalyticsYou take a look at your business and you think you understand what you see. You believe you’ll spot a trend or pattern if one occurs and your business plan is based on what you hope will happen, not what you know. Budgets and forecasts come from discussions and speculation between department heads based on subjective perceptions. In short; you’re guessing.

Your guesses don’t account for all the factors – just the ones you can see or that you’ve been told about. The information you miss could be critical to the success or failure of your plan. You’re betting high stakes in a game of business roulette and the success of your strategy relies on luck, not expertise. Red or black; odd or even; pick a number. The lure of winning may cause you to bet high and fast, but the risk of losing could cost you everything.

With Automation
Now picture a system where data organisation and visualisation leads seamlessly into analysis. Expertly developed tools analyse and report on your data,helping you investigate and understand your data on a whole new level – not just what happened and when, but why and how. You can access these tools on premise, on cloud or mobile, collaborating with other decision makers on reports built on data you can trust. These tools help you develop and deploy strategic plans and forecasts, dynamically linking metrics to your actions and objectives to assess profitability in real time. These educated predictions for project outcomes empowers you to make plans and budgets with reduced risks and greatly improved return on your BI investment.

Unified BI platforms such as IBM Cognos Tm1 offer a powerful one-stop-shop for strategic business planning and forecasting, streamlining the planning cycle from start to finish. It’s just one of many analytics tools out there, that can aid in the transformation of your business critical data into careful predictions and forecasts on which you can base your key decisions.

Empowered & Informed Decision Making

Business Intelligence is a critical process for business growth and success. Automation doesn’t just enhance Business Intelligence, it facilitates it. Without automation many of these processes aren’t intelligence at all, just guesswork.

Guessing your way through business decisions can land you in all kinds of trouble, costing time, money and resources. For some businesses, these unsuccessful gambles are massive blows to growth and for others it’s the end of business entirely.

Can you afford the risk of guessing?

The road to successful business intelligence and strategy starts with asking the right questions and egforit are ready to provide the answers.

Want to read the whole series?

  • Part 5: Developing Insights & Business Intelligence

 

For 25 years egforit Software has delivered quality business software & data solutions from within the Egypt , middle east. If you would like to talk to us about a business intelligence solution, software solution or any IT project you need to deliver successfully, please contact us.

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