So there is one of the biggest client of ours, an officer from one of the manufacturing firm with 2K + employees in Germany, happened to connect with our team a couple of years back in one of the tech event. They just had a general conversation about the business intelligence services and how can it help their business domain to scale up the productivity. Basically, the first step to providing a solution to anything is to analyze what the actual problem is. The problem with their company was that they were not sure what’s going wrong with their process and why there wasn’t a growth in their numbers every passing year. After discussing with him in detail, our team figured out the following problem areas in their system:
They were underutilizing all the available resources.
There was no quality use of the existing data generated by MIS.
The top management was unable to understand where the cost and be reduced and where the profit margins can be increased.
From what we understand, the ultimate aim of any business is to reduce their cost and maximize their profits. Business Intelligence had the answers to all these listed challenges, but the question was whether to invest in it or not. Our team spent some time on it and helped them address the areas where the main problem was, and where the cost can be reduced. We implemented Pentaho for them which helped collect, analyze, maintain and implement the database in an extremely productive way. Business Intelligence helped them to get an answer to these questions:
Why were the sales numbers low in Asia in the 3rd quarter where it should be the highest?
What increased the cost of the product even by a slight amount and how can it be controlled?
Why was the inventory cost going high?
What all resources were underutilized?
More than finding the solution rapidly, figuring out the challenges was the primary step towards the further growth of the company. The company had some of the well-experienced people along with some highly educated individuals. But it was of no use as they were unable to find the minor areas where the process can be changed and a better ROI can be obtained out of it.
With the help of the business intelligence tool, the data from different regional offices was extracted and converted into a meaningful format that helped the organization save hundreds of work hours of the labor and improve their productivity by 8% approx. Initially, every activity was logged, but nothing actionable was done with that report. The Business Intelligence services helped them in transforming this data that was maintained in multiple formats to structure into a standard format that delivered statistical insights and analyze whenever the decision was supposed to be made.
A study reported that more than 37.5% of large organizations said that analyzing big data is the biggest challenge for businesses nowadays and Business Intelligence is one of the primary solutions to improve the productivity. The BI services delivered by eLuminous Technologies indeed helped them to deploy a systematic process and earn an enhanced ROI.
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