« July 2010 | Main | September 2010 »
August 31, 2010
What's the Key Metric for Measuring BI Performance?
What’s the key method for measuring the success of Business Intelligence (BI) projects in any organization? Simple – The rate of end-user adoption. That is, how many people in an organization who have access to BI software, actually use that software, and access the reports it generates, on a regular basis, to help them make operational and strategic business decisions.
Read More
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98750
Posted by Justin Hewitt at 6:30 AM | Comments (0)
August 29, 2010
Seven benefits of using Business Intelligence in your business
Business Intelligence (BI) refers to a broad range of computer software applications and tools used to gather, store, collate, organize, report, analyze and present data in a range of formats to assist with business decisions.
BI applications include such functions as online analytical processing (OLAP), dashboards, query and reporting, statistical analysis and data mining.
Business Intelligence solutions can be used to measure a range of key business metrics, from sales revenue, product sales and departmental costs and supply chain metrics, to the geographical spread of customer-base. Data stored in transactional systems or data warehouses can be analyzed and dissected to create reports on past and current business performance as well as predict future business trends and patterns to enable accurate business goals to be set and accurately tracked in a timely manner.
As it can be clearly seen, there are many possible reasons why access to quality BI can boost business performance.
Here are seven. BI help business leaders:
1. Improve operational efficiency and effectiveness leading to reduced costs and increased revenues
2. Detect marketplace opportunities
3. Segment your customer base more accurately to assist with sales and marketing strategy
4. Access timely and reliable business data that allows management to make quick business decision to improve productivity and competitive advantage
5. Keep key team members up-to-date regarding progress towards business objectives and goals with benchmarking and data projection capabilities
6. Improve knowledge sharing throughout your company to support collaboration and cohesion
7. Develop a greater understanding of customer needs and the customer decision making process
BI can help your business gain sustainable competitive advantage.
A 1996 Gartner Group report accurately predicted the importance of good BI to successful business operation in the digital age:
“The key to thriving in a competitive marketplace is staying ahead of the competition. Making sound business decisions based on accurate and current information takes more than intuition. Data analysis, reporting, and query tools can help business users wade through a sea of data to synthesize valuable information from it - today these tools collectively fall into a category called Business Intelligence.”
BI solutions like Yellowfin are highly intuitive, cost effective and entirely Web-based, making them easy to integrate into existing technical environments to minimize impact on existing infrastructure.
Web-based BI applications are also easy for executives of all business backgrounds to use. Anyone comfortable using a web browser can quickly become adept at viewing and analyzing data, creating their own reports, and integrating the benefits of BI analytics and reporting into their routine business dealings.
About Yellowfin
Yellowfin is passionate about making Business Intelligence easy. Recently recognized among 25 rising companies that CIOs must know about, Yellowfin is a leading web-based BI solution that can be easily integrated into any third-party application or delivered as a stand-alone enterprise platform.
For further information please contact:
Paul Stubbs
Pre-Sales Manager, Yellowfin
Direct line: 61 3 9090 0455
Email: paul.stubbs@yellowfin.bi
www.yellowfinbi.com
More Information
In-Memory Brochure
http://yellowfin.com.au/Document.i4?DocumentId=104877
In-Memory Whitepaper
http://yellowfin.com.au/Document.i4?DocumentId=104879
Location Intelligence
http://yellowfin.bi/Document.i4?DocumentId=102780
Mobile BI
http://www.yellowfinbi.com/Document.i4?DocumentId=99556
Case Study
http://www.yellowfinbi.com/Document.i4?DocumentId=103521
Video
http://www.youtube.com/user/YellowfinTeam
Posted by Justin Hewitt at 8:15 AM | Comments (0)
August 25, 2010
Key Performance Indicators to run your business
One of the perennial questions that we get asked at the start of every project is what measures or key performance indicators should we include on our dashboards to help us to better run our business. This is a first part in an ongoing series of business metrics
Read More
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98575
Share:
Posted by Justin Hewitt at 4:45 AM | Comments (3)
August 19, 2010
In-memory Data Analysis and Embedded Business Intelligence
We are often asked what was the driver for developing an in-memory database solution as part of our reporting and data analysis solution. It does seem like we are creeping towards the back end of the Business Intelligence stack when our focus has been on the presentation layer or report builder.
Read More
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98495
Share:
Posted by Justin Hewitt at 6:30 AM | Comments (1)
August 17, 2010
New Data Visualization - Event Time Series
Recently we invented a new type of data visualization. Hey its not often you can say that. And no it is not some crazy complex visualization that takes you weeks to work out just what is going on, but something, I suppose, which is a little more prosaic.
Read More
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98433
Posted by Justin Hewitt at 7:00 AM | Comments (0)
Yellowfin, An effective change management tool
Yellowfin BI’s intuitive data analysis and visualization capabilities allow companies to track and predict the effectiveness of change management strategies.
In order to effectively achieve complex and large-scale changes to your business, the implementation of new approaches and strategies must be tracked, to ensure they are being implemented correctly and are achieving the desired results.
Yellowfin BI’s user-friendly solutions enable key personnel from all departments of your business to easily keep track of the data and KPI’s that matter to them.
** Business active information
“Providing employees with access to real-time information and data is crucial,” said Yellowfin CEO, Glen Rabie.
“The interactivity, analysis and personalization features of Yellowfin allow people from all areas of a company, not just the tech heads, to perform insightful data analysis and tracking such as moving averages and regression to highlight trends.
* “With Yellowfin slice-and-dice Relational and Multidimentional OLAP analysis, users can view their data from many different perspectives, from a table to fully interactive charts, all with a click of the mouse.
* “Clients can assess the success of sales, marketing and a host of other strategic endeavors, with before and after data comparison and trend analysis. Yellowfin can even help you with future strategy development - our ‘What If’ feature enables you to create data projections to help set operational goals.
* “Users can also easily increase the level of detail derived from a summary report by drilling down to the quarter, month, week or date level in a single step.”
** Dashboards for Business Vision
Yellowfin BI offers personalized and interactive dashboards for individual users to suit their specific data requirements. Business performance can be more easily monitored, and key business drivers better understood, so that action and strategy can be more effectively aligned.
“This improves business performance at all levels of your organization,” said Rabie.
“The dashboard feature, and its customizability, allows department heads throughout your business to keep track of the data that matters to them as well overall organizational strategy.
“This enables actions to be aligned with strategy, so that all areas of your business are pulling in the same direction, whilst improving knowledge sharing.”
** Flexibile Business Information Delivery
In times of structural and operational change within a business, it is vital that key personnel are kept in the information loop at all times. Again, Yellowfin comes to the rescue. Yellowfin’s mobile BI solutions allow all crucial players to stay up-to-date and in-the-know, even when they are out of the office, with real-time data delivered straight to their mobile devices.
“Working professionals are increasingly mobile due to advances in mobile technologies,” said Rabie.
“The working professional switches between laptop, desktop and smart phone in the course of a day. Yellowfin understands this, and its mobile reporting system is designed to cater for this emerging need.
“With Yellowfin’s flexible mobile applications, you have consistent access to your business data and analytics no matter the time, place or device used to access it.
“The requirement for executives to have access to real-time KPI data is a key factor. Business timeframes are being compressed. To maintain competitive advantage, company decision makers need to have access to the information they need wherever they are, whenever they need it, so important decisions can be made in a timely manner on-the-go.
“Organizations’ are looking to be more responsive and flexible. Access to mobile real-time data keeps the mobile worker ahead of the competition, increases productivity and operational efficiencies, and raises customer satisfaction through improved customer service.”
If your business if going through a period of growth or change; Yellowfin can help.
About Yellowfin
Yellowfin is passionate about making Business Intelligence easy. Recently recognized among 25 rising companies that CIOs must know about, Yellowfin is a leading web-based BI solution that can be easily integrated into any third-party application or delivered as a stand-alone enterprise platform.
For further information please contact:
Paul Stubbs
Pre-Sales Manager, Yellowfin
Direct line: 61 3 9090 0455
Email: paul.stubbs@yellowfin.bi
www.yellowfinbi.com
Share:
Posted by Justin Hewitt at 6:45 AM | Comments (0)
August 14, 2010
Ease of use at the heart of pervasive Business Intelligence
A few weeks ago we came across the Daytum site and made a small song and dance about it in this blog. Well we have subsequently come across Mycrocosm, a site by MIT which essentially makes the same claims as the Daytum site, namely to capture and chart the minutiae of daily life.
Read More
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98345
Posted by Justin Hewitt at 5:00 AM | Comments (0)
August 11, 2010
Solving time dimensionality in reporting a sneak peek at Yellowfin 5.1
The key criteria for successful reporting software is to help users meet their Business Intelligence needs as easily as possible. One of the most important requirements that comes up time and time again is the need for a time dimension hierarchy in reporting.
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98297
Posted by Justin Hewitt at 7:45 AM | Comments (0)
August 5, 2010
The Problem with Animated Charts
Animated charts look pretty, but they are often used badly. Find out why I think they're often inappropriate...
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=98167
Posted by Justin Hewitt at 5:45 AM | Comments (0)
August 3, 2010
Yellowfin has struck a deal with Real Estate Australia
http://www.itnews.com.au/News/223447,open-house-on-home-buyer-browsing-habits.aspx
Aug 3, 2010 3:35 PM
Property agents get direct access to realestate.com.au data.
Melbourne-based business intelligence vendor Yellowfin has struck a deal with Real Estate Australia to provide over 9000 real estate agents access to click-stream data from advertising served on the realestate.com.au site.
The deal, made for an undisclosed sum, will enable Real Estate Australia [REA] to give its customers - real estate agents - access to data it tracks on potential real estate buyers browsing its realestate.com.au site.
Glen Rabie, chief executive of Yellowfin told iTnews that the "primary buyer of REA's service" is not a customer browsing the site, but real estate agents.
"REA sells ads to the agents," he said. "Being online, there's lots of click-stream tracking such as which ads potential buyers are seeing, how they move from property to property and their patterns of behaviour".
Under the deal struck with Yellowfin, REA will now provide agents with this new data to help them make better decisions about what sorts of ads to buy, such as premium ads or specific placements.
The reporting has been embedded into the process of purchasing and placing ads - visible when agents log-in to manage the properties they have listed online.
Agents can now make intelligent, knowledge based decisions within the normal workflow and not after the fact, Rabie said.
The new reporting and analytics has been deployed to about 9200 users.
Share:
Posted by Justin Hewitt at 6:00 AM | Comments (0)
August 2, 2010
What makes Mobile BI so special?
Recently there has been a lot of discussion about Mobile Business Intelligence in Blogs and at BI summits. This trend has been growing since the number of BI vendors bringing their mobile products to market increases. What has struck me is that there seems to be a perception that Mobile BI is a new segment and somehow different from the rest of BI. Is it really? What makes Mobile BI so special?
Read More ..
http://www.yellowfinbi.com/YFCommunityNews.i4?newsId=97836
Posted by Justin Hewitt at 6:15 AM | Comments (0)
Twitter 
LinkedIn 
YouTube