Thinking Beyond the Dashboard: Transaction-level Intelligence

May 16, 2019
by: Foroozan Memari
Blog

Whether we’re the CEO, the GM, head of sales, or a business analyst, we’ve all faced the dreaded-data scenario at one point or another. We have our top-line view of the enterprise—a smart dashboard, a pared and shaped up, partial view into our operating world—and it’s not nearly enough.

It’s not enough to assure us we’re making the right decision and it’s certainly not enough to enable us to learn more. It looks good, it seems sufficient, and yet relying on a dashboard exclusively to make major decisions- choices that are vital to an organization- is forcing us to potentially bank the business on partial, often summarized data.

Visualizations are necessary. They allow us to look at data in a different way. However, if we rely on our dashboard alone for operational management, we could be placing our business at risk. Often, we actually create new risks. Below are just a few of the reasons why.

  1. Our dashboard data undergoes constant, complex transformations, getting further away from the original truth, premise, and storyline. 
  2. We’re prevented from going back in time in data, adding new defining characteristics, or freshly analyzing it from a different view.
  3. The idea of reserving immense, enterprise-size pools of data for possible future executive and analytic needs is cost-prohibitive.

We need to get beyond the dashboard and into deep-level analytics. And, basically, we must be able to do it on-the-fly. But, with dashboard feeds being inherently limited or flawed, the conclusions or decisions produced by dashboard reports are not optimal, or worse are invalid. This is because we are depending on legacy data sources with complex, brittle and cumbersome processes that create more vulnerabilities than meaningful insights. 

Leading enterprises must go beyond visualized reporting built on select, aggregated data queries, to add transaction-level intelligence, comprehensive insight, fueled by unrestricted exploration.

How do we gain access to granular, transaction-level data throughout the enterprise, without getting lost in stacks and reams of data, so that we can conduct analyses and keep moving? 

Success is Born of Data Trust

Incorta has completely reimagined Business Intelligence (BI). Where traditional BI stacks burden IT, delaying reports to business users over weeks, if not months, Incorta’s analytics platform allows IT and business users to respond to the most complex BI requests in minutes. This became evident when a global top 10 manufacturing company used Incorta and cut time-to-insight from weeks to days, and reduced analyst and IT costs by million.

Together, with Incorta, IT and business leaders can easily, rapidly and safely feed data curiosity. Leadership can collaborate in real-time and respond effectively and swiftly to changing business conditions.

Data-analytics success hinges on acquiring granular results without loss of fidelity, security, or pace. Leading BI solutions speed time-to-insight, maximize resources, and allow businesses to make epic, intelligence-based decisions without limitation.

Take a minute to learn more—schedule a time to speak with us or read the new eBook, Three Reasons to Think Beyond the Dashboard: Why Visualization Does Not Equal Analytics; Transaction-Level Intelligence is the Way to Full Data Trust”