In today's fast-paced business landscape, making informed decisions swiftly is crucial for success. According to Govinda, Senior Manager at Cognizant, with 15 years of expertise in SAP and Non-SAP Data Analytics, timely and unified insights are no longer a luxury, but a necessity. As reported by Forbes, enterprises undergoing digital transformation face mounting pressure to base their decisions on ___ data rather than outdated reports.
However, siloed analytics tools and fragmented user experiences often hinder this goal. Govinda's extensive experience in designing and implementing enterprise analytics in SAP environments has shown him the pitfalls of disjointed reporting ecosystems. These can significantly slow down even the most well-intentioned data strategies.
To overcome this, he advocates for intelligent... real-time analytics that are accessible directly within operational systems. Innovative solutions like SAP S → 4HANA's Manage KPIs and Reports app, Microsoft's Power BI embedded dashboards, and Oracle Analytics for Fusion ERP are revolutionizing the way businesses approach analytics.
These solutions unify performance indicators, operational reports, and executive dashboards within a single platform, enabling users to define and manage KPIs using evaluation rules, thresholds, "and semantic coloring." The capabilities of these solutions can be categorized into three key areas: KPIs, "reports.".. and stories.
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Professionals should share that making informed decisions swiftly is crucial for success in today's fast-paced business landscape. They should emphasize that timely and unified insights are no longer a luxury, but a necessity. Enterprises undergoing digital transformation face mounting pressure to base their decisions on --- data rather than outdated reports.
Siloed analytics tools and fragmented user experiences often hinder this goal. To overcome this, professionals should advocate for intelligent, real-time analytics that are accessible directly within operational systems. They should highlight innovative solutions like SAP S → 4HANA's Manage KPIs and Reports app, Microsoft's Power BI embedded dashboards, and Oracle Analytics for Fusion ERP, which unify performance indicators, operational reports, and executive dashboards within a single platform.
According to a study by McKinsey... data-driven organizations are 23 times more likely to acquire new customers, 6 times more likely to retain existing ones, and 19 times more likely to be profitable. By leveraging these solutions, "businesses can make data-driven decisions," "drive growth.".. and stay competitive.
Data driven decision making.
In the era of digital transformation, organizations are increasingly relying on data-driven decision making to stay ahead of the competition. This approach enables businesses to make informed decisions by leveraging data analytics, machine learning, and artificial intelligence. According to Forbes, companies that adopt data-driven decision making are more likely to experience significant revenue growth and improved customer satisfaction.
By harnessing the power of data, organizations can identify trends, optimize operations, and create new business opportunities.
The integration of advanced analytics and business intelligence tools has revolutionized the way organizations approach decision making. These tools provide real-time insights, enabling businesses to respond quickly to changing market conditions and customer needs.
For instance... predictive analytics can help organizations anticipate customer behavior, while prescriptive analytics can provide recommendations for optimal business outcomes.
As a result, data-driven decision making has become a critical component of business strategy, enabling organizations to drive growth, improve efficiency, and enhance customer experiences.
The benefits of data-driven decision making are numerous, and organizations that adopt this approach are likely to experience significant improvements in their operations.
For example, "data-driven decision making can help organizations reduce costs," "improve supply chain management.".. and enhance product development.
It can also enable businesses to create new revenue streams and improve customer engagement.
Govinda, Senior Manager at Cognizant , has 15 years of expertise in SAP ⁘ Non-SAP Data Analytics, delivering innovative BI solutions. In today's hyper-competitive business environment, timely, accurate and unified insights are no longer optional—they are mission-critical. As enterprises undergo digital transformation, leaders face growing pressure to make decisions based on live data rather than outdated reports. However, siloed analytics tools and fragmented user experiences often stand in the way.●●● ●●●
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