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Business Intelligence: the data layer is critical PDF Print E-mail
Written by Administrator   
Wednesday, 02 June 2010 10:35

Managing a business has never been easy.  Trying economic conditions make it even harder.  The challenge is to do more with less and to make better decisions than competitors.  Having immediate access to current, actionable information can make a huge difference.  But, very likely, you can’t get the information you need from the current volumes of ERP production data.  This is the reason why spending on Business Intelligence (BI) solutions has continued to grow during the current economic downturn.  Executives cannot afford to make decisions based on financial statements that compare last month’s results to a budget created up to a year ago.  They need information that helps them quickly answer the basic questions: What still works?  What continues to sell?  How can cash be conserved?  What costs can be cut without causing long-term harm?  Fully functioning Business intelligence systems provide the ability to answer these critical questions by turning the massive amount of data from production systems into a format that is current, actionable, and easy to understand.  They provide information that is decision ready.  They allow you to analyze current and long-term trends, alert you instantly to opportunities and problems, and give you continuous feedback on the effectiveness of your decisions.  Business Intelligence is not a new idea.  The largest and best-managed organizations in the world have been making use of BI for more than a decade.  Along the way, those that pioneered Business Intelligence made an important discovery – the path to true business intelligence passes through a data warehouse.  Dashboard Gear provides such a data warehouse for your Lawson Financial and HR/Payroll data.  Your BI tools need to include a data warehouse.

Comments (2)
  • John W.  - I reluctantly agree
    I didn't want to initially agree with your assessment of the reporting situation, but after going live with Lawson just over a year ago I'm in your camp. A data warehouse is definitely a reporting necessity. I'm convinced your data warehouse is the way to go. When will you have a data warehouse for the Lawson procurement data?
  • Jeff B.  - Procurement data warehouse availability
    John, we are beginning to work on the creation of the procurement data warehouse now. We expect the product to be available in several months. Thanks for the question.
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Last Updated on Wednesday, 02 June 2010 10:45
 
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