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Business Intelligence Data, Reporting and Analytics
Your data is a powerful asset and can transform your business. But getting it organized and integrated into a trusted analytics base can be a huge task.
Poor system interoperability, organizational and data silos, and acquisitions resulting in unintegrated systems with poor controls can all lead to bad data quality, different meanings for the same data and reports that provide different answers to the same question.
A robust data foundation:
- Is critical to establish trust and adoption of the business intelligence (BI) environment
- Allows your organization the flexibility to use integrated data for multiple purposes
- Facilitates an enterprise view and consistent and common understanding of your data
To create the foundation necessary to execute truly insightful reporting and analytics, our professionals help you establish the processes, organizational constructs and enabling technology you need, which is just as important as the specific technology.
Unnecessary time spent on manual processes doesn’t appear on your financial statements, but it can be costly. Worst of all, your inability to see a “complete picture” may prohibit timely decision-making, leaving you no alternative but to manage by looking in your rearview mirror.
RSM brings the experience and leading practices needed to effectively automate data integration. Automation eliminates hours of manual collection from disparate systems, cleansing, formatting, integrating and summarizing.
Master data and metadata
Master data and metadata are the “glue” that connects your organization’s data, facilitates integration, provides transparency and drives common understanding across the enterprise. Master data focuses on standardizing core business concepts and views (i.e., customer and patient, product, service, etc.), enterprise hierarchies and reference data. Metadata focuses on driving common understanding of business definitions and data lineage.
Poor data quality often leads to bad decisions. Whether it is inaccurate, incomplete, incorrect, inconsistent or untimely data, poor quality is a reason to mistrust the data. Establishing trust in your data is critical to move to evidence-based decision-making.
Improving data quality can mean identifying potential issues before the data is integrated into your BI environment or taking preventive measures to identify potential future data quality concerns.
Enterprise data warehouses and focused analytic data marts
Is your organization “data-rich, but information-poor?” Integrated enterprise data, structured around the way your organization does business, can significantly increase your chance of succeeding in today’s challenging and rapidly changing business environment.
Enterprise data warehouses offer a flexible, efficient method to achieve the diverse needs of the consumers of information. They can also facilitate common understanding across your organization.
Focused analytic data marts can be effective solutions when you need analytics regarding a specific business domain. They can also be a starting point for an enterprise analytics program.
Reporting and Analytics
Leading organizations regard their data as an invaluable enterprise asset and know it can drive excellence, competitive advantage and proactive decision-making. The ability to make evidence-based decisions and gain insights, which their competitors may not have, gives them a competitive edge. Soon, the ability to make decisions quickly is woven into their fabric as they leverage data to report and analyze what has happened in the past and to determine the best course of future action.
Prominent organizations go beyond traditional reporting and analytics that rely on transaction-level data by also leveraging their unstructured data (i.e., emails, social media, text messages, video, etc.), driving excellence in all phases of their operations.
Retrospective reporting and analytics
Effective retrospective reporting and analytics is a “must have.” It provides you with a window to the past and why things happened. Dashboards, scorecards and interactive reporting and analytics facilitate understanding of the root causes of events, identify potential design process improvements and enable you to take corrective action.
Near real-time reporting and alerts
Today, organizations need the ability to intervene and take immediate action. Near real-time reporting and alerts help you minimize quality control issues, improve consumer satisfaction and optimize revenue opportunities. Near real-time analytics can provide the alerts and decision-making capabilities that can immediately improve your operations.
Understanding the cause and effect of events can enable your organization to make truly insightful decisions and drive innovative solutions. Despite most organizations’ wealth of information, establishing correlations between data can be difficult. Exploratory analytics can provide the framework that makes these insights possible. From data mining to statistical analysis to developing the algorithms for predictive models, exploratory analytics offers powerful capabilities that can help your organization drive innovation.
Imagine being able to see more clearly into the future. That ability would represent a true competitive advantage. Predictive analytics enables you to do just that. By leveraging internal and external data, you can develop models and applications with a wide range of uses in operations, finance, sales and marketing. Developing an effective product mix, executing targeted marketing, optimizing plant operations and managing financial risk are just a few ways advanced analytics can help your organization.
Ever-increasing volumes of data, the explosion of unstructured data and the need for quick access to information for decision-making makes using data much harder. Most organizations can only tap into a small percentage of the data available to them. Big data capabilities help organizations address data’s increasing complexity and provide the framework to harness the breadth and depth of your data to drive competitive advantage and innovation.
Today, people need access to critical information wherever they are. While laptops, smartphones and tablets increase worker mobility and flexibility, they also introduce unique security and delivery challenges. RSM helps people on the move securely access the information they need to make informed decisions.
Our BI approach encompasses the processes, organizational constructs and enabling technology to provide you with the right information regardless of your location.
Portals and dashboards
Most organizations suffer from information overload. Portals and dashboards provide “one-stop shopping” for reporting and analytics that deliver targeted, personalized information, so your people can more efficiently and effectively perform their jobs. In addition to streamlining access to important information needed for analysis and decision-making, they also can improve communications and collaboration.
Naturally, you want to optimize your return on investment (ROI) for your technology and infrastructure investments and provide seamless capabilities to users. Integrating robust reporting and analytic capabilities into your intranet facilitates that goal. Integration makes it possible to access the required data, reporting and analysis without having to go to a separate system, which can increase productivity.
Decision-makers are always on the move. They need their data, reporting and analytic capabilities to move with them on their smartphones and tablets, greatly expanding the delivery options. At RSM, we help bring the right information to your fingertips while on the move.
Analytic applications provide you with a more formalized way of achieving reporting and analytics around specific business needs. Not only can analytic applications deliver more structured reporting and analytics capabilities, but they can incorporate critical functionality such as workflow and alerts.
RSM BI professionals understand your business requires a trusted analytics base and the right reporting and analytics can drive organizational excellence, competitive advantage and proactive decision-making. We also understand users’ frustration with information overload and the challenges of effective, efficient data access for decision-makers who are on the go. We bring you leading practices and the flexible frameworks necessary for “one-stop shopping” for reporting and analytics.
Your data is a significant asset. Call RSM to begin taking advantage of it.
Successful reporting, analytics and information delivery drives more informed, evidence-based decision-making throughout an organization.
Implementing a robust data foundation provides integrated, trusted and timely information for more stronger reporting and analytics.