Hybrid Approaches to Business Intelligence = More Flexibility
By Sreenivas "Dinu" Davuluri, Chief Business Intelligence Architect
Pareto’s principle of 80/20 applies well when it comes to reporting and Business Intelligence implementations. It would be cool, and extremely effective, if 80% of the relevant reports and dashboards that help customers get a head start on using reports to drive business were available out-of-the-box.
On the other hand, the BI applications should provide the ability to modify those reports and also provide a business with user-friendly tools to create the rest of the 20% of reports that are very specific to their business. A rich VMS application is one that provides very detailed Data Elements that customers can leverage to build the Key Performance Metrics (KPI’s) that drive business intelligence.
When reviewing the Business Intelligence and Reporting capabilities of a VMS, look for this hybrid approach. A hybrid approach can typically deliver several report packs out of the box. These report packs should be configurable and at the same time provide several very detailed incremental data elements in the application to help the business user build reports that are very specific to their business needs or modify the delivered reports according to their business requirements.
Learn more about Provade’s Business Intelligence and analytics tools on our website.