Big data is a valuable asset for organizations looking to improve business intelligence (BI) capabilities. To leverage this asset, companies need to make the data available. They should proceed to structure, maintain, and manage the data. An ever-increasing number of enterprises are discovering valuable information in their operational data.
A company requires IT solutions capable of handling specific big data models and queries. Hence, the need to enlist the help of a managed services provider (MSP).
The aggregation process enables entities to sort silos of data and analyze it more effectively. Once data structuring is complete, IT teams can make it available to end-users.
Established MSPs help firms operationalize business intelligence by helping sort, structure, and deliver big data to potential users of the information. Managed service providers create well-designed presentation layers to ensure optimal access to the information. These layers make it easier to present the information in a customized dashboard, reports, or detailed analyses depending on specific users’ needs.
MSPs provide access to tools and expertise to help organizations leverage big data and derive critical business intelligence. In turn, organizations close gaps in big data utilization.
Adding an Operational Component to BI
In today’s highly competitive world, C-level executives need to leverage the right tools to tap into the power of business intelligence. Although traditional BI solutions are still valuable in decision-making, they lack real-time capabilities. Furthermore, the solutions deprive organizations access to operational data contained in business applications.
Thankfully, managed service providers can assist tap into operational information. By operationalizing business intelligence, companies gain actionable insights from various business functions and check the information’s impact across the entire organization.
MSPs enhance traditional BI by incorporating an operational component within the solution. As a result, line business managers take advantage of a powerful tool to deliver results.
The Role of the MSP
Managed service providers bring specialized skill sets needed to operationalize business intelligence cost-effectively. They possess functional and technical expertise that might be unavailable in your organization. Additionally, MSPs gain valuable experience working with a wide variety of clients in different sectors. This exposure enables MSPs to gain insights into potential challenges and solutions.
You can count on service providers to bring increased resources to meet your specific requirements. IT experts can provide guidance throughout the business intelligence process. They help your team understand various stages’ intricacies, including the design, implementation, and adoption processes. Once the implementation is complete, MSPs continue to provide much-needed support.
Depending on existing solutions, a service provider can add an operational component to your current BI system. In doing so, the MSP makes your BI solution more effective. When handled correctly, you can take advantage of the multiplier benefits of business intelligence. For instance, you will find it easier to integrate actual and planning data to create an on-demand view of your organization’s operations.
Thus, it is vital to enlist a reputable MSP’s services to help you optimize business intelligence. An established managed service provider can share valuable lessons learned over the years. These lessons help you avoid specific pitfalls when planning to operationalize your BI.
Operationalizing a BI solution amplifies the role of IT support in enhancing business operations. With the help of an MSP, you can automate analysis, decision review, and approval procedures. In the end, you improve your organization’s ability to update plans in tandem with evolving operating conditions.
Taking this holistic approach empowers your team to improve customer service standards and identify new business opportunities to boost revenue. Adding an operational component to an analytic solution can translate to a considerable competitive advantage in your sector.