What is Business Analytics?
Business Analytics is a foundational catalyst to better and more intelligent decision making. Good decisions are the building blocks of great business performance. Business Managers that embrace the fundamentals of best practice Business Analytics, begin their day by asking three simple questions:
How are we doing? Through the implementation of tools such as dashboards and scorecards, you can track your key metrics. These tools are vital to measuring and monitoring of your business performance.
Why? As a performance manager, you need to view critical data, gain insight, understand trends, and recognize anomalies. Reporting and analysis tools allow you to perform these functions effectively.
What should we be doing next? Reliable planning and budgeting tools are necessary to drive accurate forecasts. By implementing an effective performance management system, you can significantly improve your organization’s decision making ability. The integrated approach to Cognos’ Performance Management System allows you to focus on making decisions, instead of spending time gathering data or questioning timeliness or accuracy. The end result is better alignment, accountability, and performance.
The Business Analytics platform provided by IBM enables these three questions to be answered in a fast, effective and collaborative way across the enterprise and this drives better business performance.
QueBIT, an IBM Premier Partner, is an award winning provider of Business Analytics solutions. These solutions include:
- Customer-Product Profitability Analysis
- What-If Scenario Planning
- Financial Reporting and Consolidations
- Revenue and expense modeling
- Workforce Planning
- Capital Planning
- Activity Based Costing
- Allocations Management
- Strategic Planning and Business Modeling
- Driver based budgeting and forecasting
- Operational Reporting and analysis
- KPI Reporting and Dashboards
- Stress Testing and Risk Reporting