Business Intelligence Consultant – We live in the age of big data (with volume, variety and velocity) where massive information overload is thrown at us every day. Many organizations, initially, succumbed to the pressure of data accumulation and gradually realized that they needed to invest significantly and skillfully to effectively manage this influx of data.
“Data is the raw material for thousands of stories – tell some of those stories to help make sense of the data.”
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As the quote rightly says, as part of our gradual response to big data overloads, we have gradually realized that the best we can do with information is to try and make sense of it. So one can take informed decisions and create a culture of data-driven decision making.
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By getting the hang of the story each data set was trying to tell, it revolutionized the work cultures of modern industries.
The combination of all techniques used by a business to analyze its data and manage its business information more effectively is called business intelligence.
Based on this information, business intelligence consultants help examine organizational data to improve overall decision-making and optimize the company’s overall performance.
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At the end of the day, one of the simple reasons companies need business intelligence solutions; It’s always nice to have some hard numbers to back you up when you’re implementing a new strategy.
Understanding what to track, monitor and improve as an industry standard is the importance of hiring a business intelligence consultant.
Business intelligence consultants empower organizations to identify and monitor KPIs from various business units. For example, these KPIs can be related to sales, finance, operations, etc.
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And, since dashboards and reports are interactive and rich in charts, tables and graphs, a good BI consultancy can help you deliver interactive business information quickly.
According to Gartner, by 2022, 70% of organizations will focus on monitoring data quality levels through metrics, driving massive growth in businesses adopting BI.
Experienced business intelligence consultants recommend software that allows you to experiment with variables for better understanding, metrics and settings.
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Good and timely business intelligence consulting is critical to measure changes in all KPIs that affect productivity. Because data from different departments is widely used to generate actionable insights.
BI consulting provides timely insights into revenue generation, employee performance, return on investment and many other operational aspects.
A solution that offers the benefits of handling and managing large volumes of data on a regular basis can be a competitive edge for your company.
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BI Consulting is about properly recording, transforming and using data for budgeting and forecasting. Staying ahead of the competition requires assessing the competition on multiple parameters and this can only be done when you have the mechanisms and tools to use the data.
BI consulting techniques can only focus on customer behavior and buying patterns. It is important to analyze this data to see which products are performing better than others and which factors are driving sales.
Business Intelligence Advisor helps you streamline all processes based on data and KPIs, which directly impact your revenue.
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Our Extract, Transform and Load (ETL) model ensures your company finds meaning through scattered data. We help companies that have already moved to the cloud or are still using on-premises solutions create a data warehouse.
A data warehousing framework supports the continuous flow and storage of business data in one accessible location to facilitate analysis and insight generation. As the volume and variety of data increases, enterprises need more advanced analytics tools. Therefore, more and more organizations are increasing their investments in business intelligence (BI). According to industry research, the global BI market will reach $35,380 million by 2028, growing at a CAGR of 5.6% during the period 2022-2028.
Despite the growing demand for advanced analytics, not every organization is ready to undertake BI-related projects. After all, BI development is not an easy task, it means integrating different data sources and ensuring data quality.
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For this reason, those who decide to undertake business intelligence projects often turn to BI consulting and use third-party expertise to mitigate development challenges. This article discusses why the selection of a BI consultant plays a critical role in project success and provides tips for finding the best service provider.
Typically, consultants are involved in BI projects at multiple levels. For example, a consultant provides business and technical advice to validate a client’s idea, while also helping to formulate requirements and a project plan. That consultant then participates in BI development and implementation and is involved in coding, design, testing and optimization.
Clearly, such a wide range of tasks requires extensive skills and expertise in BI development from both business and technical perspectives. In addition, consultants should have relevant industry expertise – after all, developing BI for logistics, telecommunications and healthcare is different.
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Suppose the consultant does not meet these requirements. In that case, an enterprise runs the risk of deploying a useless or flawed BI solution and an inefficient budget. Conversely, choosing the right BI consultant with relevant skills and domain expertise will increase the chances of project success.
To increase the chances of finding the best BI consultant, we recommend the following algorithm for corporate decision makers:
If an organization is considering starting a BI project and is starting to look for a consultant, we recommend doing some preparatory work beforehand. In particular, decision makers should describe their business needs and define project goals, as this information will be useful when looking for a BI consultant.
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Based on the answers, decision makers can tailor their requirements to potential mentors. For example, an organization plans to use a microservices architecture. In this case, it goes to a consultant who has deep knowledge of the microservices concept.
Once an organization has determined the basic requirements for a BI consultant, it can proceed to assemble a pool of candidates. At this stage, the decision maker should try to gather all relevant information about each potential consultant.
First, they can look at consultants’ websites. There they can find general information about consultants, their services, domain expertise details and specific certifications.
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Also, it is advisable to look through the portfolio section. First, the portfolio highlights the advisor’s expertise. Second, it helps to understand whether the consultant has experience with similar BI projects. Additionally, a consultant can provide a portfolio of information on how to approach BI software development.
The research phase means visiting directories (Clutch, G2C, etc.) and reading client reviews of advisors. Reviews, both good and bad, can provide a wealth of valuable information – whether clients are generally satisfied with services, what they say about consultants in terms of data and project management, communication and meeting deadlines.
Among other things, decision makers can try to contact the adviser’s clients directly and ask some questions about their past interactions. After completing all these steps, an organization can get a holistic view of a particular BI consultant and decide whether to consider it further.
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At this point, the organization should already have a pool of suitable candidates for the BI consultant role. Now the organization must sift through consultants to determine the best fit.
For convenience, decision makers can create a table in Excel or Google Spreadsheets and populate it with research results. In this way, they can compare all relevant parameters – relevance of experience, company location and ratio of good to bad reviews – and identify leaders.
Once the organization has filtered out the most suitable candidates, it is time to approach them and start discussing the project idea. In this case, it is very important to analyze the communication with the BI consultant, which will help to make a more reliable final choice.
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If the candidate passes all the filters, the organization can select it to provide BI consulting. However, if no candidate meets the requirements, organizational decision makers may consider starting a new search cycle and looking for other suppliers.
Today, implementing BI technology can be considered a natural step in any growing industry aiming for improved decision-making and competitiveness. Because BI development is so challenging, many organizations prefer to engage third-party BI consultants who can validate ideas, create project plans, and, if necessary, take over BI implementation.
However, an organization should not engage the first BI consultant they come across, as this can lead to project failure. A clear understanding of business objectives and comprehensive candidate analysis are key to selecting the right BI consultant.
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