Analytics refers to an aspect of business intelligence which empowers people throughout the business to conduct their own enquires into the data being generated by your transactional systems. Analytics gives business users the ability to define how they want to receive information and then to distribute it throughout the organisation. It improves decision yield – the value a business derives from the decisions it makes – by improving the quality and range of information available to decision makers. Other aspects of BI – dashboards and reporting – can result from the work a business carries out around analytics. Moreover, the range and complexity of data it’s possible to hold in a data warehouse significantly enhances the value of an analytics program and its ability to generate ad hoc, user driven queries across myriad disparate data sources.
Analytics moves the responsibility for BI out of IT and into the business. It enables IT to focus on strategic, revenue generating activities. It also improves the level of knowledge and understanding of company performance across the organisation. This in turn improves decision making, both in terms of its quality and its rate. A company’s decision yield should improve as a result of its investment in analytics. Analytics is based on providing the fullest possible range of data to users within an intuitive and user friendly framework. Users can then build ad hoc, associative queries of their own choosing to discover previously unknown details about their team, department or company. This contrasts with historically prescriptive, linear reporting driven by IT.
|Time to value||K3 Panacea’s methodology for rapid deployment ensures that your investment in analytics quickly generates meaningful returns. And where more than two thirds of BI projects don’t achieve their stated objectives, K3 Panacea have an enviable record of identifying and delivering critical analysis requirements that create demonstrable returns on investment.|
|Integration||K3 Panacea helps hundreds of customers improve the value they derive from their investments in applications by using analytics to bring together comprehensive views of company performance that users are free to investigate.|
|User experience||Analytics delivers the ultimate user experience by giving the user complete freedom to interrogate the data held in their BI system. By enabling free association across elements of the data, analytics solutions give the user back the control of information access that has historically resided in IT.|