BI tools for Data Driven Culture

Modern day technology has brought about new business practices that have not only made industries more efficient but more competitive as well. People these days live in what is known as a data-driven environment where instinct or luck does not run the business culture, but by honest-to-goodness facts.

There was a time when business intelligence tools served the purpose of providing industry insights, information on consumer behavior, and even consumption patterns. These days, they do more than just provide tools for effective pre-operational business analysis.

BI tools are currently at the heart of multiple organizations where they use technology to make better operating decisions. And what once was information reserved for the higher ranks is now information accessible to all members of the staff, especially those working at the front lines. It is with this small change that businesses in a data-driven culture can truly differentiate the customer experience.

Some of the most important things that business owners need to do are identify which market forces will play a role in their success and focus on which economic components will help them achieve their goals. Given that there are components of modern commerce that are unpredictable the playing field is evened out thanks to BI tools.

BI tools consist of a series of technologies that make it simpler and more efficient for companies that use them to gather data and analyze them. It can include everything from sales metrics to consumer spending habits or even provide accurate measurements about the effectiveness of an operating strategy.

Read more at http://www.infocaptor.com/dashboard/what-is-data-driven-culture-and-how-can-bi-tools-help

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Importance of BI tools for Pharmaceutical Industry

The pharmaceutical industry has been focusing much of its energy on producing the next chartbusting drugs.

However, the industry is also facing challenges in terms of the changing regulations, increasing number of declines on drug approvals and the continuing need to develop high value biologics. Refocusing efforts is imperative.

There are existing processes, systems and practices that need to be immediately addressed. Key performance indicators (KPI) using BI tools help corporations identify areas that need continuous development and highlight successes already achieved. This helps pharmaceutical companies grasp their management operations better.

What is KPI?

Simply put, KPI is a measurement of something that is vital in a business’s operations. In the pharmaceutical industry, measurements on drug cost overall trend for a certain drug are examples of KPIs.

What KPIs to Include

Before using dashboard software to view KPIs, it is important that useful KPIs be identified first. Some KPIs are not useful to a certain organization, depending on the operations and the needs of that organization. It is therefore important to have long discussions first before operating a KPI dashboard. Discussions should tackle on:

  • Assessing the organization’s strategies.
  • Determining the business drives that have an impact on the execution of strategies.
  • Identification of long-term and short-term goals.

Determining useful KPIs is one the most important tasks of managers. KPIs based on the organization’s objectives are essential components of an effective and helpful dashboard. What you will see on the dashboard will largely depend on how you specify your KPIs.

Read more at http://www.infocaptor.com/dashboard/dashboard-bi-tools-for-pharmaceutical-industry

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What are the benefits of Manufacturing Dashboards?

Today in the US economy, the major players in the manufacturing industry are electronics, automobile, steel, consumer goods, and telecommunications. And as they offer more advanced products, including tablets and smartphones. These technological advancements significantly influence consumer lifestyles.

Along with these changes, the global manufacturing industry is currently embracing a new key player called metrics based manufacturing. This is actually the latest trend that industries need to consider in their sales funnel. So, what does this mean?

Read more at http://www.infocaptor.com/dashboard/manufacturing-dashboards-what-are-their-benefits

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Benefits of Analytics for Non-Profit Organizations

Analytics is a process that uses tools to collect those ever-increasing volumes of diverse types of data from multiple sources, sort them out at record speeds, analyze them, and use them to gain new insights. This concept has existed for decades, and it has been recreated with modern and more powerful tools to consolidate today's data upsurge.


Non-profits run the extent in terms of using analytics. Some are only getting started, utilizing business intelligence and dashboard software for their budgeting and forecasting procedures, while others have gone far along the continuum and are considering effective ways to get more unstructured data to further enhance their existing analytics models. 
 

Read more at http://www.infocaptor.com/dashboard/non-profit-dashboards-benefits-of-analytics-for-non-profit

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Using Visualization to Increase Engagement and User Experience

If you give public presentations involving numbers and data, you already understand the underlying principle of dashboard visualization.

You don't illustrate your speaking with slides full of bare numbers, do you? You compile those numbers into charts or graphs to make them easily comprehensible to your audience.

The same principle explains why dashboards are so effective, utilizing visualization to increase ease of use and engagement for the user.

Whether you are presenting to a board of directors or introducing a client to the potential of your marketing campaign, visualization is key to reaching your target audience.

Here's how you can put that visualization to best use.

Read more at http://www.infocaptor.com/dashboard/how-to-use-visualization-to-increase-engagement-and-user-experience

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5 top factors for amazing dashboard building

Categories: Dashboard

When it comes to putting together an amazing marketing dashboard, your success depends on a number of key factors. You want to choose the right metrics to watch, and you want a dashboard that's well designed to deliver the information you need, in the best format.

Your dashboard should contain all the key information you use to continue making informed decisions about your marketing campaign. And it should be easy to interpret at a glance.

Here are some of the key factors to consider as you construct a truly amazing dashboard experience.

Read more at http://www.infocaptor.com/dashboard/the-top-5-factors-for-building-amazing-dashboards

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Differences between charting engine, analytics software and dashboard software

Every often we would get users asking us 'How different is your dashboard software from XYZ Business Analytics?'

The XYZ spans across the entire Business Intelligence umbrella and often into the Website development and applicaton side as well.

Some of the questions are like

'How different is infocaptor dashboards from Tableau?"

'How is it infocaptor unique from Qlikview'

'How is it different from Oracle BI or SAP BI', the list goes on. But these are the questions we are prepared for and have very good value propositions. We do have a general understanding for most of the top business intelligence tools so we are perfectly comfortable with such questions.

The tougher questions are when the users want to understand how different are we from different charting software like d3js, Highcharts etc.

To understand the difference let us understand the basics...

Read more at http://www.infocaptor.com/dashboard/charting-engines-vs-analytics-software-vs-dashboard-software

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