Business Intelligence Analytics
One of the biggest buzzwords in business intelligence today is Big Data. Big Data refers to the huge amounts of unstructured data being collected from a myriad of sources. But what about regular data? Today’s ERP systems, accounting systems, quality systems, warehouse management systems and many other operational systems are all collecting (relatively) structured data. Many organizations are dramatically underutilizing this readily available source of information.
The reasons for this may vary slightly from company to company, but usually they revolve around an inability to provide a proper analytical environment in which to manipulate and make sense of the data. Sikich’s business intelligence team specializes in transforming your data into actionable information.
Data Analysis using OLAP Cubes
One way to accomplish this is through the use of data warehouses and data warehousing concepts to extract data from transactional databases, the further transformation and preparation of the data, and the subsequent creation of analysis cubes for online analytical processing (OLAP). Once cubes have been built, end-users (business analysts or operational management) are able to perform ad hoc analysis and formulate responses to specific business questions in real-time using everyday tools like Excel. These OLAP cubes provide slice and dice capabilities for rapid data analysis and discovery.
Measures (like Sales, Quantity on Hand, Lead Time and Conversion Rate) can be analyzed across multiple dimensions (such as Customer, Product Line, Salesperson and Month/Year) in order to understand a specific segment of the business more rapidly and more completely without the need to involve IT. The need for the development (and re-development or modification) of relatively rigid reports can be reduced or eliminated. Information reporting becomes dynamic and interactive.
The Sikich BI consulting team can assist your organization with the development and deployment of OLAP cubes in the following functional areas:
- Finance / General Ledger
- Accounts Receivable
- Accounts Payable
- Warehouse Management
Contact Sikich today to learn how to further leverage your investment in your existing systems using advanced analytical Business Intelligence solutions.
With offices in Chicago, Decatur, Denver, Houston, Indianapolis, Milwaukee, Naperville, Rockford, Springfield and St. Louis, and with staff positioned across the country, we serve clients nationwide with the responsiveness of a local company.