“Every two days now we create as much information as we did from the dawn of civilization up until 2003.”
-- Eric Schmidt, Former CEO of Google
With advances in technology and the adoption of mobile apps and social media strategies, the amount of data being collected by companies today is massive. Every technology platform used by a company, from their general ledger system to their travel and expense reporting system, has the capability to collect and store data. The challenge is harnessing that data so management and executives can leverage it quickly and easily.
Most companies make considerable investments in technology platforms in an effort to provide efficient processes to their employees while simultaneously hoping to lower costs. But the key to actually realizing cost savings on technology solutions is to provide access to good data so that managers can improve their business process. Though companies make enormous technology investments, many fail to provide the reporting and analysis capabilities that their executives need to improve processes on an ongoing basis.
Having access to timely and accurate data is an important resource for employees to make better-informed business decisions. When a Business Intelligence solution is well designed and properly integrated into a company’s decision-making processes, it will undoubtedly advance performance and improve competitive advantage.
At Acquis, we can help develop your business intelligence strategy, be it on a global scale, or for a specific application set. We will collaborate with your team to develop an approach to your data analytics so your managers and executives have access to information when they need it. We can build a comprehensive suite of reporting tools so that information can be accessed, understood, and used to make well-informed business decisions.