For Locii Solutions, the fundamental benefit of Business Intelligence (BI) is its capability to rapidly provide accurate, clear information from disparate sources of data, in ways that are easily accessible, and yet also remain highly secure.
The science of creating BI solutions is therefore in the crafting of usable and relevant information from the many data silos that a typical company operates. This information provides understanding into where a company was, where it is heading and allows decision makers at all levels to understand what is occurring within the company and therefore manoeuver towards a more profitable future.
The concept of BI has been written and spoken of for many years, there are many vendors of BI software and solutions and yet the success of BI initiatives and projects in delivering real value to companies remains low.
Locii Solutions believe that all companies can benefit from the proper usage of BI to some degree. For small companies who might not be able to make major investments in ERP or financial software, Locii Insight can provide the required decision making and reporting capabilities by leveraging existing IT systems and so avoid the time and cost of retooling the IT infrastructure of the company.
Larger companies are more likely to already have sophisticated systems carrying out different roles, but these complex IT infrastructures can create disparate data silos, and hence make it difficult to provide a complete overview of the company's status, and make it easier for systems and procedures to fail. This potentially prevents decision makers from recognising issues early enough to prevent them becoming serious business problems.
The largest companies will have deployed ERP systems, which will provide a central system of record for all financial (and most other company related) data. But even here BI can provide real benefits, since ERP systems are constrained by the nature of their structure, which is designed towards efficiency for supporting the operations of a business and in processing transactions.
BI systems have no such constraint, and Locii Solutions custom design every Locii Insight solution to concentrate on its primary purpose - providing our clients with the data structured in ways that allow them to solve their business problems and delivering the accurate, rapid reporting that is needed in the modern business world.