Is Business Intelligence as a Service (BIaaS) right for you?

If you work at or own a company that uses different systems to run operations—such as CRM, ERP, project management systems, etc.—it’s very likely that you or someone else in the organization spends a lot of time extracting reports from each system, compiling everything into Excel spreadsheets for data analysis, or worse, for “routine reports.”

Do you know any manager who spends 8 hours a week manually extracting and building reports? I bet you do. If that person is you, it’s past time to invest in Business Intelligence as a Service (BI).

What is Business Intelligence?

Unlike what many people think, BI is not just a tool. It is the entire process, infrastructure, tooling, and best practices to collect data and deliver the right information to decision-makers at the right time.

This helps the company better understand its problems and make more accurate decisions faster. It also keeps teams informed so everyone can perform their role in the best possible way, leaving guesswork behind. To start building a business intelligence practice, you need to adopt different tools to extract, transform, store, visualize, and analyze data.

And of course, all the workforce needed to deliver this end-to-end and keep it running.

Why invest in BIaaS?

As you can probably imagine, hiring a Business Intelligence team and all the tools they need to do their work is a costly process that requires significant time and effort from the entire organization.

That’s why BIaaS emerged as a solution. This means that instead of hiring tools, people, and managing all of it internally, you hire an external team. This outsourced company already follows best practices, has a full-stack team of specialists available, and already has all the tools required to provide this service.

In other words, having a BIaaS solution:

1. Opens doors for innovation in the area, since the outsourced company must continuously add value for clients and differentiate itself from competitors.

2. Provides your company with a multidisciplinary team of specialists without employment liabilities.

3. Reduces implementation time for infrastructure, dashboard development, and applications.

4. Lowers project implementation costs, increasing project ROI.

5. Enables long-term evolution for the company by integrating new tools and developing new analyses on demand—something that doesn’t happen in fixed-scope BI projects.

Who should invest in Business Intelligence as a Service (BI as a Service)?

A BIaaS solution makes sense in the following situations:

• Your small team with the skills required to create and manage organization-wide reports has become a bottleneck.

• Management information is slow and hard to access.

• Accessing data is so difficult and painful that, even when available, people choose not to do it.

• You need to implement an analytics solution quickly.

• Your IT team is focused on other high-priority projects for the organization.

• You already have transactional software and track some basic KPIs, but you need to scale and distribute them across the organization quickly.

• You don’t want to make a huge upfront investment to get an analytics solution.

If your organization fits some of the points above, hiring a BIaaS solution will definitely help.

Talk to one of our specialists!