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Business Intelligence

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Business Intelligence

Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions. It combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations make more data-driven decisions.

How BI works

Businesses and organizations have questions and goals. To answer these questions and track performance against these goals, they gather the necessary data, analyze it, and determine which actions to take to reach their goals.

BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of the business.

Benefits of BI

BI is more than just software—it’s a way to keep a holistic and real-time view of all your relevant business data. Implementing BI offers a myriad of benefits, from better analysis to an increase in competitive advantage.

  • Providing business users access to data without having to contact analysts or IT can reduce friction, increase productivity, and facilitate faster results leading to improved employee satisfaction.
  • Ready access to data can help employees charged with customer satisfaction provide improved customer experiences.
  • A sound BI strategy can help businesses monitor their changing market and anticipate customer needs and increase competitive advantage.
  • Trusted and governed data allows departments across an organization to access the same data at one time.
  • Data-driven decisions

    The ability to drive business decisions with data is the central benefit of BI. A strong BI strategy can deliver accurate data and reporting capabilities faster to business users to help them make better business decisions in a more timely fashion.

  • Faster analysis

    BI improves reporting efficiency by condensing reports into dashboards that are easy for non-technical users to analyze, saving them time when seeking to glean insights from data.

  • Increased efficiency

    BI can help provide holistic views of business operations, giving leaders the ability to benchmark results against larger organizational goals and identify areas of opportunity.

RMC BI Service offerings

RMC has more than a decade of experience in planning, designing and implementing BI solutions for large institutional asset managers. We will perform trend analysis, what-if scenario modeling, performance assesment, compare planned vs. actual performnace and reasons for lower performance. Implementation involves variuos dashboard, visualizations, reporting, data mining, ETL and OLAP

RMC offers BI advisory services to guide you through the BI design and implementation processes. We would review the existing data management practices, offer improvement roadmap. We will help conceptualization of BI solution, it's architecture and technology selection.

Considering your business needs, RMC will deliver a full-scale BI solution. This involves requirement analysis, conceptualization and architecture design, establishing data governance policies. If necessary we will perform data migration, qualitfy assurance procedures as well as user training.

In this model, RMC designs develops and maintains BI solutions specific to your organization needs. Continous evolution of BI solution is adopted to keep up with growing business needs. We will also provide a fully configured BI Platform backed up AWS or Azure or on-premise infrastructure.