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Business intelligence is defined as the technical and procedural infrastructure which gathers, analyses, and stores the data generated by any organizational activity.
BI includes a broad variety of activities like process analysis, descriptive analytics, performance benchmarking, and data mining. BI analysis all the data produced by a company and represents easy-to-read reports, performance measures, and trends which help to make informed decisions.
When choosing a BI reporting tool for your company, there are several factors at play. However, some of the main requirements that you should be careful about while selecting a BI tool include:
Companies today are leveraging Planning Analytics as the Extended Planning & Analysis platform as a BI tool. This is because Planning Analytics can integrate with any other BI tool. However, there are main benefits of using Cognos Analytics in integration with Planning Analytics. Cognos Analytics cover major BI space in the market as a standalone product but forms a great partnership when combined with Planning Analytics.
IBM Cognos BI is a web-based analysis and reporting tool. IBM Cognos is used to perform data aggregation and design user-friendly detailed reports. Reports comprise different tabs, multiple pages, graphs, and interactive prompts. You can see these reports on web browsers, and even on smartphones and tablets.
IBM Cognos offers a broad variety of features and is the most preferred enterprise software that offers a flexible reporting environment and is used for medium or large enterprises. It fulfills the requirement of Business Managers, Power Users, Company Executives, and Analysts. Business executives wish to see summarized data in dashboard formats, visualizations, and cross tabs. Power users and analysts wish to create ad-hoc reports and manage multiple views of the same data. Cognos enables both options for all sets of users.
A significant benefit of IBM Cognos is that it helps you identify hidden insights. It enables analytics using AI and uses a highly customized analytics experience. The platform’s intuitive and intelligent self-service assists users to drive insights from data which leads to effective and impressive presentations. Cognos refers to a consolidated solution that can be deployed on-prem and in the cloud and ensure to meet any company’s needs and demands.
Cognos Analytics offers a unified experience across all modes of application, whether on a mobile device or a web-based interface. This enables companies to promptly find, generate, evaluate, and share insights. IBM Cogno’s intuitive and interactive web experience enables users to add a personal touch to content and enables them to make dashboards anytime, anywhere, be it on a mobile device or desktop.
Companies using consolidated IBM Planning and Cognos Analytics can get prompt outcomes. This is due to its guided self-service strategy which not only predicts user intent but also provides suggestions and automates the analytics process. IBM Cognos also allows work across ecosystems, companies, and teams. This not only increases value but also offers the security, governance, scalability, and performance required by any company today.
Moreover, planning analytics and its powerful engine possess the power to process large volumes of data and offer links to several cubes. Hence, offers real-time decision-making. Users can edit and capture data and have the outcomes consolidated in real-time. This means that based on the outcomes of the data, you can make decisions faster.
With IBM Planning and Cognos Analytics, you get a broad range of reporting options along with self-service options for all skill levels across the organization. If your organization is already using Planning and Cognos Analytics, ensure your company is using its full reporting potential.