As technology advances companies around the world are given more and more opportunity to integrate their data with cloud platforms that will help associate dimension in data models with one another. Qlik Sense is available in South Africa and is a perfect example of a tool that project managers and business leaders can use to discover connections between data reports that have been hidden in the past.
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Your company may spend a lot of money on an efficient analytics tool, but what good is it if there is no one to interpret the data correctly? A great analytics tool does not magically make you an expert decision maker. With the volume of data available, even the best tools will not help the less competent people make the right decisions. Many companies have suffered unfortunate blows due to poor business decisions based on incorrect data interpretations.
Gone are the days that business data simply consisted of files stored on a computer. Data has become very crucial for businesses as it is used to enable and improve decision-making processes. With the help of ever-evolving Business Intelligence tools and with the emerging realisation of how critical data is for business growth, businesses are starting to take a deeper look into their data compilation.
By rethinking their data structuring and processing, organisations have evolved from static processes that lack in overall output to processes that involve the smart capturing of data that gains relevant information and expands on the insight needed for decision-making.
Successfully culminating the goals and objectives of an organisation requires a strategic and ongoing cycle of communication between supervisors and employees, which calls for excellent performance management skills. Performance management is the systematic process by which an agency involves individuals and members of a group in improving a company's organisational effectiveness in the accomplishment of agency mission and goals.
Companies have advanced and become more dependent on business intelligence (BI) solutions. Although certain industries have naturally used advanced solutions more than others, BI is not at all limited to specific industries. Many different job sectors can use guided analytics to ensure better agility and timely insights; plus, the modern guided analytics tools available enables businesses of all sizes to: