Business intelligence software systems refer to computer-based solutions and tools that are employed to translate raw business data into meaningful, and thus more useful, information for business analysis purposes. Such a software system can control huge amounts of unstructured, unrefined business data to enable businesses to spot, expand, and even generate new business opportunities and plans. Generally observed, business intelligence software contains three basic sets of operations: data discovery, data management, and reporting, and it is expected to contain a large suite of metrics, evaluation tools, and analytical capacities. The system can either be a separate solution, or can be incorporated in multi-operational project management software.
Choosing a an apt SaaS program from the numerous good quality platforms out there can be a complex task. To help you, we have prepared this quick primer. Find out if the SaaS vendor offers the following advantages:
Reduced Cost: Most SaaS systems are pay as you go, and you don’t need to worry about additional investments for software maintenance or IT resources, upfront licensing fees, or in-house IT staff.
Fast Set-up Time and Minimized Risk: You should be able to deploy the SaaS solution quickly and easily. Make use of the free trial to learn if the system fits your needs. If you select a wrong system, you can bail out effortlessly with minimum losses.
Customization and Integration: Select a provider that offers a wide range of software packages and modules. You should be able to pay only for the tools you use to meet the current requirements of your company.
Security and Control: The solution should offer robust security. Pick a provider whose databanks are more secure than those in your office to maximize the advantages.
The Infrastructure: The vendor should provide the required infrastructure so that you need not host anything in-house or require the help of internal IT resources.
Web Access: Your staff members should be able to access data anywhere, anytime. To help them be industrious on the go, choose a vendor that offers mobile apps that are compatible with popular operating systems.
Consider all the six important factors mentioned above to choose the right system for your needs.