Business Intelligence Breakdown

The Importance of Business Intelligence

By: Meghashree JM

Business operations are becoming more complex with the passage of time which affords little time for research and innovation. Larger enterprises are rushing towards outperforming the competition which will ultimately require a significant amount of meaningful insights. In addition, consumer behavior is continuously shifting, and understanding that behavior is imperative to decision making. Although there will always be a certain amount of risk when it comes to making business decisions, that risk doesn’t have to be so perilous. However, with the increasing extent of untidy data it becomes difficult to analyze in real-time. Firms desperately need technologies with which they can analyze and predict market trends with a simple click and business intelligence serves this purpose. By adopting a reliable business intelligence solution, organizations can enjoy the confidence to move forward in an increasingly data-driven world.

85% of IT leaders believe big data will dramatically change the way business is done (Forbes), meaning the implementation and analysis of BI will have a huge impact. This is evident by the fact that companies with analytics are 5x more likely to make quicker decisions. Clearly, Business Intelligence (BI) is one of the hottest innovations in the market across the world, which is paving the way for the most cutting-edge technologies that can revolutionize the future.  For businesses looking to utilize BI tools, the software can be overwhelming by knowing the wants and needs of professionals in the field and industry standards. With all of the current trends on analytics, we can enable our teams the ability to simplify complex data and better optimize and strategize for business success.

Examining at the Road Ahead

There’s little doubt that the future of business belongs to big data. Consider this: by the year 2020, 1.7 megabytes of new information will be created each second for every human being on the planet, and our annual digital universe will have grown to 44 zettabytes—approximately 10 times its current size. Therefore, it is imperative that businesses implement tools that will help them in any way possible shift through the mounds of data coming their way.

Data never sleeps & Data never sleeps

This recent business intelligence infographic (below) represents the amount of data created on the web every single minute through a range of sources including emails, YouTube videos, Facebook, Twitter, website pages, and search engine queries. Now, if we revisit this a few years later to see how much has changed, it explores more recent sources of web data such as WhatsApp, Pinterest, and Tinder, and illustrates the substantial changes in volume of data.

DataNeverSleeps
Source: Domo

It is already interesting to note that using analytics does give us an advantage if the competition is not. If everyone is doing it, you don’t have an advantage. Conversely, if everyone is doing analytics and you are not, then you are at a distinct disadvantage. With BI Tools, we are creating an interactive experience for end users. The final result delivered is an interactive application that allows users to explore the data rather than just viewing it. So, to create an efficient dashboard, we need to stop thinking as if we were developing a static report. To quote the late Steve Jobs, “Most people make the mistake of thinking design is what it looks like … That’s not what we think design is. It’s not just what it looks like and feels like. Design is how it works.”

Vast future scope

The world has realized the power of BI and now it is used in almost all industries like software, healthcare, retail, government projects, etc., and this scope will only continue to expand in the not so distant future. Entering this domain will be a solid step towards your success. When I planned to launch my career as a BI professional, this was definitely the best decision that I made, as BI is trending like anything making it a holy grail for various aspirants.

Case Study: Oracle EBS Requisition Approval Process Automation through Work Flow

A student transportation provider reduces approval time and TCO by automating the Oracle EBS requisition approval process.

By: Veera Saravanan (Oracle EBS Lead – ennVee)

The client is one of the largest school bus operators and student transportation providers in the world, and operates across the United States in 32 states, Canada, and the United Kingdom. Its operations include 15,500 school buses in 32 states across US. The company also has transit and coach bus services across US. They have implemented Oracle E Business Suite 12.1.3 for their Financials, Asset Management and Procurement. Oracle iProcurement is used heavily by the client to manage its purchasing and Approval Process.
Continue reading “Case Study: Oracle EBS Requisition Approval Process Automation through Work Flow”

[Recap] NCOAUG 2018 Winter Training Day

Download ennVee’s presentation and infographic from the 2018 NCOAUG Training Day conference.

Recap

Another year, another solid NCOAUG Training Day. Thanks to everyone who came out to Drury Lane and connected with us.

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ennVee President, Veera Venugopal, and VP of Global Sales, Joe Bong, hosted an afternoon session to cover the voice of the customer, as well as ways to leverage automation during the EBS R12.2/ERP upgrade process. The session, entitled “Demystifying Customization During Your EBS R12.2.x Upgrade”, can be downloaded here.

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Presentation: Demystifying Customization During Your EBS R12.2.x Upgrade

93% of the companies using Oracle EBS are leveraging some form of customization, the scope of which can range from simple changes to seeded Oracle functionality to complex integrations to other systems.  Upgrading to EBS R12.2 requires manual remediation of all custom objects, and the management and execution of this remediation process is the key to an efficient and successful upgrade.

There is no one-size-fits-all solution for a successful upgrade, but there are ways in which companies can leverage automated tools and practices to significantly reduce manual effort, downtime, cutover, and post-go-live errors when upgrading to R12.2.x.

If you’re wondering how your specific level of customization will impact your upgrade, join us for this session to hear the “voice of the customer”; a summary of the top-rated industry-wide challenges, objectives, and overall timelines of those that have or plan to upgrade to R12.2.  Learn ennVee’s recipe for a more effective EBS R12.2 upgrade, and how IT leaders have leveraged automation to shrink development time and consulting spend by 80%.

Regardless of where you are in the upgrade process, this session will help you set realistic expectations for your upgrade and allow you to build a better project plan, baking automation into each phase which will result in a reduction of post-go-live errors, testing cycles and downtime.

Bonus Infographic Download

ennVee partnered with an independent research firm in 2017 to collect survey responses from more than 500 IT leaders on the challenges, business objectives, project timelines, and levels of customization involved when upgrading to Oracle E-Business Suite R12.2.

Click here to download the infographic.

Click here to download the presentation.

Click here to learn more about R12.2 upgrade automation.

Contact us for more information.

Connect with us at these upcoming events

March 20
Oracle Code 2018 Chicago 
(Chicago, IL)

April 10-12
Oracle Modern Customer Experience (Chicago, IL)

May 16
2018 Great Lakes Oracle Conference (GLOC) (Cleveland, OH)

Migrating from Oracle Discoverer to Microsoft SSRS

A Private, Women’s Liberal Arts College Migrates from Oracle Discoverer to MS SSRS in 8 weeks.

Retiring legacy reporting tools

The client is an internationally-recognized, private, women’s liberal arts college located in Massachusetts. As an IT-savvy institute they use Oracle Discoverer for all MIS requirements. After Oracle stopped supporting Discoverer in mid-2017, they sought an optimal migration path to migrate their analytical reports to a more intuitive platform, ultimately selecting Microsoft SQL Server Reporting Services (MS SSRS) to replace Discoverer. Continue reading “Migrating from Oracle Discoverer to Microsoft SSRS”

An Automotive Parts Manufacturer’s Digital Vision Quest

Crafting an interactive digital portal for the partner, customer, and automotive aftermarket ecosystem at large.

Going Digital

This US-based global manufacturer leads the automotive aftermarket in the research, development, manufacturing, testing, and supply of brake system components. Over time they amassed a diverse portfolio of parts and products through acquisitions of other leading parts suppliers and most importantly, continuous innovation in the automotive aftermarket space. Continue reading “An Automotive Parts Manufacturer’s Digital Vision Quest”