It’s been said that “a clever person solves a problem, but a wise person avoids it.” Which one are you? Many of us are clever. Few are truly wise – particularly when it comes to business intelligence itself. (Ironic isn’t it?) IT managers have been stuck between a rock and a hard place. Not only do you have the full-time job of managing the IT infrastructure itself, but you’re also dealing with the tirade of inbound requests for reports from multiple lines of business asking you to garner information from numerous business intelligence (BI) systems.
It’s a difficult task that doesn’t scale well in its current form. Business colleagues become frustrated when a simple tweak to a dashboard takes days, weeks, or months to complete. Likewise, IT struggles to keep pace with the day-to-day demands of managing the IT infrastructure while simultaneously juggling requests for BI reports that can’t possibly be created on time within the confines of their limited bandwidth. It’s not a wise move for the business or the IT department. There has to be a better way.
With today’s modern analytics, it’s now possible to incorporate numerous capabilities – including business intelligence, planning, predictive analytics, and data visualization tools – in a single cloud-based solution. It gives everyone from frontline workers to senior executives the power to find new insights and take immediate action, anytime, anywhere in a self-service portal. And it’s so easy that anyone in the company can create their own reports without having to drag IT into the picture to help them.
Now I know what you’re thinking. I don’t want my data in the cloud – particularly financial data. I hear it all the time. And my answer is always the same. You don’t have to. Your data never has to leave your intranet, as only the metadata information is hosted in the cloud. Pretty cool right?
And by putting analytics in the cloud, there’s no running costs, no hardware requirements, no maintenance or patch upgrades required – not to mention no business intelligence reports for IT to run. Given that most reports take IT often several days to create, opting for secure, cloud-based self-service analytics suddenly becomes a no brainer!
In fact, accessing data from multiple sources has never been easier. Analytics cloud capabilities have been developed that are specifically architected to be native for the cloud and cater to every line of business in the company with one easy to use interface for all users. Why would you want to keep having to jump between analytics products to get answers when you can discover, visualise, plan, and predict in a single solution – and in context? It’s not big, it’s not clever, and it’s certainly not wise.
Learn more on how Live Oak Bank is using SAP Cloud for Analytics and see for yourself what cloud analytics can do on www.sap.com/reimagineanalytics.