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Business Central vs Finance and operations

Home > Blogs > Dynamics 365 Business Central vs Finance and operations

Business Central vs. Finance and operations

April 08, 2024

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Business Central vs Finance and operations

Microsoft Dynamics 365 offers a range of powerful business management solutions, each tailored to meet the specific needs of different types of businesses. Two of the most popular offerings in the Dynamics 365 suite are Business Central vs. Finance and Operations.

Microsoft Dynamics 365 Business Central vs. Finance and Operations: Core differences

While both solutions are designed to help businesses manage their operations more effectively, there are some key differences between the functionalities of two ERPs:

Functionality  

D365 Business Central  

 D365 Finance vs Operations  

Microsoft Positioning 

Business management solution for small and medium-sized businesses, offering tools to manage finances, operations, sales, and customer service effectively. 

Solution for medium to large enterprises with complex business processes, offering advanced financial and operational management capabilities 

Type of Companies 

Ideal for small and medium-sized businesses across various industries 

Geared towards medium to large enterprises with complex business processes 

Customization and flexibility  

Flexible and customizable for different industries, enabling operational excellence and digital transformation. 

Suitable for a wide range of industries including manufacturing, retail, distribution, and services, providing tailored solutions for complex business processes. 

Depth of Manufacturing 

Offers robust manufacturing functionality, including production planning, shop floor control, and quality management, suitable for managing manufacturing processes effectively. 

Provides deep manufacturing functionality supporting various modes like make-to-stock, make-to-order, and assemble-to-order, along with advanced features 

Capabilities and Integration 

Provides comprehensive capabilities for financial management, sales, and customer service, integrating seamlessly with other Dynamics 365 components for a unified platform. 

Offers advanced capabilities for managing financials, supply chain, manufacturing, and operations, seamlessly integrating with other Dynamics 365 components 

Minimum Number of Users 

1 

20 

License Cost 

$70 to $100 per user / month 

$115 to $210 per user / month 

Availability 

 Available as a cloud-based solution in 33 countries  

Available as a cloud-based solution in 140 countries  

Localization 

 localized to comply with regulatory requirements of different countries and regions, making it suitable for global operations. 

Localized to comply with the regulatory requirements of different countries and regions, ensuring compliance and ease of use in various markets. 

Business Analytics 

Provides powerful analytics capabilities, offering insights into operations and supporting informed decision-making. 

Offers advanced business analytics capabilities, providing valuable insights into operations and enabling informed decision-making across the Organization. 

Scalability 

Scalable to accommodate business growth, allowing for easy expansion of operations as the business expands. 

Scalable to support business growth, enabling organizations to expand their operations easily as their business grows. 

Deployment 

Offers flexibility in deployment options, including cloud-based deployment for ease of access and management. 

Provides flexibility in deployment options, including cloud-based deployment for improved accessibility and management 

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Conclusion: Business Central vs. Finance and operations

In conclusion, Dynamics 365 Business Central and Dynamics 365 Finance and Operations are both powerful business management solutions, each offering unique functionalities tailored to meet the specific needs of different types of businesses.  

While Dynamics 365 Business Central is ideal for small and medium-sized businesses looking for a comprehensive and cost-effective solution, Dynamics 365 Finance and Operations is more suited for medium to large enterprises with complex business processes and a need for advanced financial and operational management capabilities. Whether you’re a small retail business or a large manufacturing enterprise, Microsoft Dynamics 365 has the right solution to help you streamline your operations, improve efficiency, and drive growth.

Still confused about business central vs. finance and operations?  With Global Data 365 drive growth with the correct solution and experience the benefits of Microsoft Dynamics 365 for your business

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Microsoft 365 Copilot

Home > Blogs > Unleashing Microsoft 365 Copilot: Revolutionizing Your Productivity

Microsoft 365 Copilot: Revolutionizing Your Productivity

March 20, 2024

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Microsoft 365 Copilot

In the ever-evolving landscape of digital productivity tools, Microsoft 365 stands tall as a comprehensive suite that empowers businesses worldwide. Among its many offerings, Microsoft 365 Copilot emerges as a transformative solution, promising to revolutionise the way organisations manage their Microsoft 365 environment.

What is Microsoft 365 Copilot?

Microsoft 365 Copilot is a revolutionary management tool designed to simplify the administration of Microsoft 365 services including those crucial for customer relationship management (Microsoft Dynamics 365 CRM), finance and operations (Microsoft Dynamics 365 F&O), and business central management (Microsoft Dynamics 365 BC).

It comprises three main components: Microsoft 365 apps (like Word, Excel, Teams), Microsoft Graph (incorporating files and data across the M365 environments), and OpenAI models (including ChatGPT-3, ChatGPT-4, DALL-E, Codex, and Embedding), all hosted on Microsoft Azure.

Unlike traditional management methods, Copilot offers a more efficient and streamlined approach, allowing organizations to focus on their core business activities.

M365 Copilot Features:

Effortless Automation: Copilot improves productivity by automating repetitive tasks and workflows, allowing employees to focus on more strategic initiatives.

Reduced Cost and optimizing Resources: It helps organizations save costs and optimize resources by streamlining Microsoft 365 management processes.

AI-powered insights: It leverages AI to unlock valuable insights from your Dynamics 365 sate. Gain real-time customer behavior trends in Dynamics 365 CRM or identity financial optimization opportunities in Dynamics 365 F&O.

Enhanced Security: It empowers businesses to maintain robust security within Dynamics 365. Leverage advanced monitoring and threat detection to keep your data safe.

Streamlined Collaboration: Copilot fosters seamless collaboration within Dynamics 365 applications. Imagine teams working together on sales proposals in Dynamics 365 CRM or project plans in Dynamics 365 Business Central with real-time edits and suggestions.

Microsoft 365 Copilot

How Much Does M365 Copilot Cost?

Microsoft 365 Copilot is available as part of the Microsoft 365 Enterprise subscription, which offers a range of plans tailored to meet the needs of businesses of all sizes. The cost of Copilot varies depending on the specific plan chosen, with pricing starting at $30 per user per month for the basic plan.

Future plans include tailored Copilots for Dynamics 365, Power Platform, security suite, and Windows OS.

How many Modes of Interaction are in Copilot?

-M365 Copilot system offers two main interaction modes: Direct engagement within applications like Word and Teams, and accessibility through Microsoft 365 Chat in Teams

-Within applications, users seamlessly integrate Copilot for tasks like drafting documents and summarizing meetings in real-time.

-The second method of interaction is through Microsoft 365 Chat, functioning as a chatbot within Teams. Microsoft 365 Chat serves as a versatile tool for natural language interactions, enabling users to search across diverse sources.

-Copilot enhances productivity in Word by offering text suggestions, facilitates collaboration in Teams with real-time meeting summaries, and streamlines PowerPoint presentations.

-In addition to automation, Copilot also provides advanced monitoring and reporting capabilities, allowing you to keep track of service health and performance metrics. This information can help you identify potential issues before they escalate, ensuring that your Microsoft 365 environment remains stable and reliable.

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Conclusion

M365 Copilot is a transformative tool that empowers businesses to unlock the full potential of Dynamics 365. With its innovative cutting-edge functionality and user-friendly interface, Copilot is empowering teams to collaborate more effectively and achieve their goals efficiently.

To experience the benefits of M365 Copilot for your business and drive growth, contact us at Global Data 365 today. Our team is ready to help you leverage this powerful tool to take your productivity to new heights.

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Management Reporter Jet Reports

Home > Blogs > Management Reporter vs. Jet Reports

Management Reporter vs. Jet Reports

Dec 21, 2023

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Management Reporter Jet Reports

Importance of Reporting Tools in Business Management

In today’s dynamic business environment, the significance of robust reporting tools cannot be overstated. Efficient financial reporting software and business intelligence reporting play a pivotal role in business management; aiding organizations to make informed decisions, monitor performance, and strategize for the future. Two prominent players in the reporting tools arena are Management Reporter and Jet Reports.

What Is Management Reporter?

Management reports are essential components of business intelligence, providing a comprehensive overview of an organization’s financial performance. Management Reporter, a powerful financial reporting tool, stands out with its versatile report designer, enabling the creation of dynamic reports tailored to specific needs.

What are Jet Reports?

Jet Reports, on the other hand, is a dynamic business intelligence tool that goes beyond conventional financial reporting. With its user-friendly interface and Jet Dashboard Designer, organizations can leverage its capabilities for comprehensive financial reporting and analysis. Jet Reports is known for its adaptability and ease of use, making it an asset for businesses aiming to enhance their reporting processes.

Management Reporter vs. Jet Reports: Key differences

Management Reporter (MR) is a standalone application from Microsoft that pulls data from Dynamics GP, while Jet Reports is an Excel add-in that pulls data into Excel from Dynamics GP. Jet Reports works with Microsoft Dynamics GP 9 (November 2005 release) and later. Both tools were designed specifically for working with Microsoft Dynamics data and integrate seamlessly with Dynamics GP, but there are several key differences.

  • Building reports – MR reports are built in components one-by-one, starting with defining rows, then defining columns and trees, while Jet Reports are built in whole, not in components, cutting in half or more the time it takes to create a report.
  • Previewing reports – You cannot preview reports in MR, unless you assign a row to an actual report. In Jet Reports, you can easily toggle between design mode and report mode to check and see if the formatting and formulas you used are working as desired.
  • Adding new accounts – When a new account is added in Dynamics GP, it must be manually added to Management Reporter. Due to the way MR is structured, not all data changes in Dynamics GP will be tracked on the change tracker and do not update the data mart, which is the tool that syncs MR with Dynamics GP. At times there might be hard coding involved to change how the data mart pulls data from Dynamics GP. On the other hand, Jet Reports has the ability to refresh data from Dynamics GP at any time and new accounts will show up, without any hard coding or manually checking for new accounts.
  • Data extractions – MR connects directly to your instance of Dynamics GP, however you can only create reports in MR using that data – you cannot pull from any other source. In contrast, Jet Reports allows you to pull data from numerous sources and consolidate it together, rather than just pulling data from Dynamics GP for building reports. Jet Reports can extract any data from Dynamics GP into Excel, and when the data refreshes, so does your pivot table.
  • Working in Excel – When building reports in MR, you can link to an Excel spreadsheet as a reference and pull in data from a spreadsheet. MR users often find themselves switching between MR and Excel when building reports to pull in data from different sources that might have been exported into Excel. With Jet Reports, you’re working directly inside Excel and can pull data from a variety of locations in addition to from Dynamics GP. This creates a smoother workflow and reduces the need to switch between applications to find the necessary data for a report or dashboard. Additionally, with designing Jet Reports inside Excel, you can take advantage of formatting options, copying and pasting, and other functionalities you are used to in Excel.
  • Compatibility – The most recent version of MR reporter is Management Reporter 2012, last updated in 2014, and is compatible with Dynamics AX 2009 and 2012, Dynamics GP 2013 to 2018, and Dynamics SL 2011 and 2015. Jet Reports is regularly updated by insightsoftware, and is compatible with all Microsoft ERPs including Dynamics 365 products, Dynamics NAV, Dynamics GP, Dynamics AX, Dynamics CRM, and Dynamics SL.
  • Migrating to a newer ERP system – Dynamics GP is no longer supported by Microsoft and many companies realize they will eventually need to migrate to a newer ERP such as Dynamics 365 or choose a new ERP altogether. MR is not supported by newer Microsoft products, and as such, none of your reports built inside MR will migrate with you to a new system. On the other hand, all worked completed in Jet Reports carries over into any ERP you choose since it is an independent platform and can pull data from any source; all you would have to do is update the data connectors.

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Conclusion

In conclusion, while both Management Reporter and Jet Reports serve essential roles in the realm of reporting tools, the latter stands out as a superior choice for businesses aiming to elevate their business management with efficient financial reporting and business intelligence capabilities. The decision ultimately hinges on the specific needs and priorities of each organization, but Jet Reports’ user-friendly features and comprehensive functionality position it as a strong contender in the reporting tools landscape.

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data lake vs data warehouse

Home > Blogs > Data Lakes vs. Data Warehouse

Data Lake vs Data Warehouse

Dec 21, 2023

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

data lake vs data warehouse

With the rise of big data and the explosion of new data sources, traditional data warehousing approaches may not be sufficient to meet the needs of modern data management and analytics, creating confusions between Data lake and Data warehouse. This has led to the development of new approaches, including Data Lake and Data Warehouse. Each approach offers unique benefits and drawbacks, and understanding the differences between them is critical to making informed decisions about data management and analytics.

data lake vs data warehouse

Data Lake

A Data Lake is a centralized repository that allows businesses to store vast amounts of raw, unstructured, or structured data at scale. It provides a flexible storage environment, enabling organizations to ingest diverse data types without the need for upfront structuring. This unrefined data can then be processed and analyzed for valuable insights, making Data Lakes ideal for handling large volumes of real-time and varied data.

Benefits and Use Cases of Data Lake

Data lakes provide scalable and cost-effective storage, accommodating diverse data types such as raw and unstructured data for flexible analysis. With a focus on real-time analytics and advanced capabilities like machine learning, they support innovation in algorithm development. Cost-efficient storage solutions, often leveraging scalable cloud storage, make data lakes economical for managing large datasets.

Use cases range from big data analytics, IoT data management, and ad hoc analysis to long-term data archiving and achieving a 360-degree customer view. In essence, data lakes offer dynamic repositories that empower organizations with flexibility, real-time insights, and comprehensive data management solutions.

Data Warehouse

On the other hand, a Data Warehouse is a structured, organized database optimized for analysis and reporting. It is designed to store structured data from various sources in a format that is easily queryable and supports business intelligence reporting. Data Warehouses are characterized by their schema-on-write approach, requiring data to be structured before entering the system, ensuring a high level of consistency for analytical purposes.

Benefits and Use Cases of Data Warehouse

Data warehouses offer a multitude of benefits, including optimized structured data analysis for improved query performance and efficient reporting. They preserve historical data for time-series analysis and audit trails, enhance business intelligence through data consolidation and dashboard creation, ensure data quality and consistency through cleansing processes, and provide scalability to handle growing data volumes.

Common use cases encompass business performance analysis, customer relationship management, supply chain optimization, financial reporting and compliance, and human resources analytics.

Data Management and Analytics

Data Storage:

Data Lakes excel in accommodating massive volumes of raw and unstructured data, offering a scalable and cost-effective solution. This flexibility enables businesses to store data without the need for immediate structuring, allowing for quick and agile data ingestion. On the other hand, Data Warehouses focus on structured data storage, emphasizing a predefined schema for efficient querying and analysis. The structured approach in Data Warehouses ensures data consistency, making it suitable for organized storage and retrieval in analytical scenarios.

Data Management:

Efficient data management is a common thread in both Data Lakes and Data Warehouses, with different approaches. Data Lakes provide an easier environment, allowing businesses to ingest diverse data types without upfront structuring. This flexibility is ideal for exploratory analysis and discovering hidden patterns in raw data. And, Data Warehouses prioritize structured data management, adhering to a predefined schema. This structured approach simplifies data governance, ensuring consistency and reliability for strategic decision-making and business intelligence reporting.

Big Data:

Data Lakes shine when dealing with the volume, variety, and velocity of big data, offering a scalable repository for diverse and large datasets. Their ability to store raw and unstructured data positions them as a valuable solution for businesses dealing with the complexities of big data. Data Warehouses, while excelling in structured data analysis, may face challenges with the sheer volume and variety of big data. However, the two can complement each other in a hybrid approach, providing a comprehensive solution for businesses dealing with the challenges posed by big data.

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Finding the Right Fit: data lake vs data warehouse

Is there room for both Data Lake and Data Warehouse in your data strategy? Explore the benefits of adopting a hybrid approach, seamlessly integrating the strengths of both solutions for comprehensive data management. Discover the factors to consider when choosing between Data Lake and Data Warehouse solutions. From cost considerations to scalability needs and varying data types and formats, find the perfect fit with Global Data 365 for your business’s unique requirements by contacting us now.

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Directions EMEA

Home > Latest News > Directions EMEA 2023: Guiding the Future of Microsoft Dynamics in Europe, the Middle East, and Africa

Directions EMEA

Directions EMEA 2023: Guiding the Future of Microsoft Dynamics in Europe, the Middle East, and Africa

Dates:
Nov 1, 2023 – Nov 3, 2023

Every year, the Microsoft Dynamics community eagerly anticipates the Directions EMEA conference. This annual gathering of partners, developers, and industry experts is a cornerstone event. It provides a platform to showcase the latest innovations, share insights, and discuss the future of Microsoft Dynamics.

The Key Themes and Focus Areas

In Directions EMEA 2023 there are several key themes and focus areas such as discussions, sessions, and workshops throughout the conference.

1. How Directions EMEA 2023 is Shaping the Future of Business Processes

In today’s rapidly evolving business landscape, digital transformation is no longer a luxury but a necessity. The conference will delve into strategies for leveraging ERP solutions, automation tools, and cloud-based technologies to drive business growth. Attendees can expect to gain insights into the latest trends in digital transformation and how to implement them effectively.

2. Insights from Experts 

Every industry faces its unique set of challenges and Directions EMEA 2023. It will feature discussions on industry-specific issues and best practices shared by successful businesses. These insights will equip attendees with valuable knowledge to address the hurdles specific to their sectors.

3. Networking Opportunities

The conference offers an array of B2B networking events, providing attendees with a chance to connect with industry leaders and peers from across the EMEA region. The power of collaboration cannot be over-ruled, and these connections may lead to partnerships, innovative ideas, and collaborative projects that propel businesses forward.

4. Product Launches and Innovations

Microsoft Dynamics is known for its innovative solutions, and the conference will see the unveiling of new product announcements related to ERP software and technological advancements. These revelations will give attendees a glimpse of the future tools and capabilities that can enhance their operations

The Benefits of Attending Directions EMEA 2023 for Businesses in Europe, the Middle East, and Africa

For businesses in the EMEA region, this conference offers a unique opportunity. You can stay at the forefront of technological and industry trends. The benefits include:

1. Educational Opportunities: The conference will feature expert-led sessions, workshops, and discussions, providing attendees with invaluable knowledge and insights into future industry trends. These educational opportunities can help businesses stay competitive and relevant.

2. Networking Advantages: The power of networking at Directions EMEA 2023 cannot be overstated. Connecting with industry leaders and peers from diverse backgrounds can lead to collaborations, partnerships, and the sharing of innovative ideas that drive growth.

3. Product Knowledge: With Microsoft unveiling new technologies and product launches, attendees will gain an understanding of the latest tools and solutions that can enhance their business operations. This knowledge can translate into a competitive advantage in the marketplace.

Why Businesses Should Mark their Calendars for Directions EMEA 2023?

As the platform continues to evolve and adapts to the needs of modern businesses. This conference serves as a compass, guiding partners and developers toward a future of endless possibilities. By attending Directions EMEA, participants will not only be part of this transformative experience but also contribute to shaping the future of the Microsoft Dynamics ecosystem.

 Directions EMEA 2023 is set to be a game-changing event for the Microsoft Dynamics community. With its focus on innovation, collaboration, and knowledge sharing. This conference will equip attendees with the tools and insights they need to thrive in an ever-evolving business landscape. As we eagerly await the arrival of Directions EMEA 2023, one thing is certain: the future of Microsoft Dynamics looks brighter than ever before. Mark your calendars and be ready to embrace the future of business in the EMEA region.

We’re excited to announce that Global Data 365 will be a part of Directions EMEA 2023, as a face of Middle East Business showcasing our Microsoft Dynamics ERP solutions.

Jet Reports: Explore Jet Reports, a pivotal element of GlobalData365’s suite of solutions. As the exclusive distributor of Jet Reports in the UAE, we’re eager to introduce this dynamic reporting tool that seamlessly integrates with Microsoft Dynamics ERP solutions. With Jet Reports, businesses can easily generate precise, real-time financial and operational reports directly from their ERP systems.

Jet Analytics: Dive into the innovative capabilities of Jet Analytics, another remarkable product within GlobalData365’s suit of solutions. Serving as the official distributor of Jet Analytics in the UAE, we’re excited to highlight this robust business intelligence and data analytics platform. Jet Analytics enhances the Microsoft Dynamics ERP experience by offering advanced analytics, data warehousing, and self-service reporting functionalities.

Power BI: As one of our core offerings, Power BI stands as a premier business intelligence tool known for its ability to visually analyze and share insights from data. This dynamic platform empowers organizations with robust analytics capabilities, supporting strategic initiatives.

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A power bi inventory dashboard template designed to innovate your inventory analysis with Inventory Power BI Dashboard with effective inventory stock analysis power bi report example.

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Implemented Jet Report for IKEA with Global Data 365 who were professional, adhered to timelines, and provided advanced reporting tools. I highly recommend them.
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IT Manager & Reporting Specialist, MPH Global
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Collaborated with Global Data 365 on Jet Reports license and training. Very resourceful and quick to respond to support requests. Highly recommend their services.
YADİGAR KÖKSAL
YADİGAR KÖKSAL
Finance and Accounting Manager, ATC
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Jet Reports exceeded our expectations with its many features. The training allowed us to create useful reports, and we highly recommend it for monitoring companies in the future.
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Partnered with Global Data 365 for Jet Reports implementation. Their expertise and insights have been invaluable in automating management reporting. Highly recommend their services.
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Incisive insights on Jet Reports and their capabilities in resolving financial reporting requirements
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It was great training session with Global Data 365. We really liked their professional delivery method. We also got extra resource to help us get better at Jet Reports. I highly recommend them.
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The Front Page of our Power BI Finance Dashboard template is the gateway to your data insights, and having navigation buttons can help users quickly and easily access different sections of your financial reporting Power BI.

The navigation buttons are typically placed at the top of the title page and are designed to be intuitive and user-friendly. These buttons can be used to jump to different pages within the financial dashboard Power BI. 

Finance Overview

Finance-Overview finance dashboard

The Finance Overview offers a comprehensive view of the company’s financial performance, providing key information about growth and current financial KPI dashboard Power BI.

This focuses on five KPI metrics; including Revenue, COGS, Gross Profit, Expenses, and Net Profit. It provides a concise overview of Revenue Performance, Top Expense and Revenue Accounts, and Working Capital. These metrics offer daily analysis of the company’s financial health and enable stakeholders to make informed decisions to drive growth.

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Last Year Analysis

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The Last Year Analysis provides a comprehensive comparison of the company’s growth and current financial standing with the previous year.

It focuses on five KPIs including Revenue, COGS, Gross Profit, Expenses, and Net Profit. It presents a comparative view of Revenue by Month and Year-to-Date (YTD), Top 5 Expense Accounts, and Net Profit Analysis, enabling a deeper understanding of the company’s financial performance.

Actual vs Budget Analysis

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The Actual vs Budget Analysis helps evaluating a company’s financial performance by comparing its growth and current financial standing with its budgeted goals.

It focuses on five KPIs including Revenue, COGS, Gross Profit, Expenses, and Net Profit. It presents a Month-by-Month Actual vs Budget Comparison of Revenue and Expenses, providing a clear and concise view of the company’s financial performance. It also displays the variance and variance %, enabling stakeholders to better understand the differences between actual results and budgeted goals.

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Income Statement

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The Income Statement provides a comprehensive view of a company’s profitability.

This report focuses on five KPIs including Revenue, COGS, Gross Profit, Expenses, and Net Profit. It presents a complete income statement, including YTD, Actual vs Budget comparison, and comparison with the previous month and year. These valuable insights offer stakeholders a lucid and concise outlook of the organization’s fiscal performance, enabling them to make well-informed decisions that promote growth and profitability with financial Power BIw dashboard.

Balance Sheet

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The Balance Sheet helps evaluating a company’s financial position and book value. This report focuses on five KPIs including Fixed Assets, Current Assets, Fixed Liabilities, Current Liabilities, and Equity.

It presents a complete balance sheet statement, including Net Change, YTD, Balance, and comparison with the previous month and year. These insights offer a clear and concise view of the company’s financial position, enabling stakeholders to make informed decisions to drive growth and profitability with balance sheet dashboard. 

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Power BI with Jet Analytics

Home > Blogs > Power BI with Jet Analytics

Power BI with Jet Analytics

May 24, 2021

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Power BI with Jet Analytics

Business intelligence is a much better and less expensive choice than data warehousing for 90% of small to mid-size businesses. Both of these systems have the same overall goal in mind: to improve data analysis. The immense effort and cost needed to define the data tables and relationships required to drive analytics put data warehousing out of reach for most businesses. Due to the extreme minimal effort and expense needed to get it up and running, business intelligence is becoming the choice of small to mid-size companies, irrespective of which of the two most popular options are used.

Jet Analytics from insightsoftware (previously Jet Global) and Power BI from Microsoft are the two most popular business intelligence options in the Microsoft Dynamics environment. Jet Analytics can use either Excel or Jet Reports as a reporting tool, allowing you to have the best experience. Jet Analytics uses pre-defined data cubes to describe the patterns in the data necessary for reporting. Because the table relationships required for accounting, which are focused on financial processes, are not always the same as those required for business analysis, which could be more operational, this method works. This method has many disadvantages, including a higher initial cost, more work to create new data relationships into the data cubes, and the fact that data is only as current as of the last update. A major benefit is a simplicity with which new reports can be created if they match the data cubes, as well as the improved accuracy since the reports are run against a replica of the output database rather than the live database itself. Data can be processed into data cubes from a variety of sources, not all of which are accounting systems.

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Benefits of Power BI

Power BI depends on one or more databases to provide real-time or near-real-time data. This means that data is updated in real-time, but output for more detailed reports will not be optimal. Almost any form of the report can be created and distributed through the web or mobile devices. Every consumer can create their own dashboards, each with its own unique insight. It is possible to set up alerts. The details behind the reports can be drilled down by users. To use Power BI, you will need an Office 365 subscription.

You cannot really go wrong anyway. Invest a little more upfront to identify data relationships using data cubes in Jet Analytics, or subscribe to Office 365 and use Microsoft BI Power to provide your users real-time access to important analytical data. To explore more about these better, less expensive alternatives for your company, we offer 30 days free trial license for you to test it on your very own database or get a personalized training for yourself.

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What are Data Lakes

Home > BlogsWhat are Data Lakes?

What are Data Lakes?

May 21, 2021

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

What are Data Lakes

The huge volume of data collected by today’s company has entailed a drastic change in how that data is stored. Data stores have expanded in size and complexity to keep up with the companies they represent, and data processing now needs to stay competitive, from simple databases to data warehouses. As enterprise businesses collect vast amounts of data from every imaginable input through every conceivable business feature, what started as a data stream has developed into a data flow.

A new storage solution has emerged to resolve the influx of data and the demands of enterprise businesses to store, sort, and analyse the data with the data lake.

What is a Data Lake and What Does It Contain?

The foundation of enterprise businesses is a collection of tools and functions that provide useful data but seldom in a structured format. The company’s accounting department may use their chosen billing and invoicing software, but your warehouse uses a different inventory management system. Meanwhile, the marketing team is dependent on the most efficient marketing automation or CRM tools. These systems rarely interact directly with one another, and while they can be pieced together to respond to business processes or interfaces through integrations, the data generated has no standard performance.

Data warehouses are good at standardizing data from different sources so that it can be processed. In reality, by the time data is loaded into a data centre, a decision has already been taken about how the data will be used and how it will be processed. Data lakes, on the other hand, are a larger, more unmanageable system, holding all of the structured, semi-structured, and unstructured data that an enterprise company has access to in its raw format for further discovery and querying. All data sources in your company are pathways to your data lake, which will capture all of your data regardless of shape, purpose, scale, or speed. This is especially useful when capturing event tracking or IoT data, while data lakes can be used in a variety of scenarios.

Data Collection in Data Lake

Companies can search and analyse information gathered in the lake, and also use it as a data source for their data warehouse, after the data has been collected.

Azure Data Lake, for instance, provides all of the features needed to allow developers, data scientists, and analysts to store data of any scale, shape, or speed, as well as perform all kinds of processes and analytics across platforms and languages. Azure Data Lake simplifies data management and governance by eliminating the complications of consuming and storing all of your data and making it easier to get up to speed with the queue, streaming, and interactive analytics. It also integrates with existing IT investments for identity, management, and security.

That being said, storage is just one aspect of a data lake; the ability to analyse structured, unstructured, relational, and non-relational data to find areas of potential or interest is another. The HDInsight analytics service or Azure’s analytics job service can be used to analyse data lake contents.

Analytics Job Service

Data lakes are especially useful in analytical environments when you don’t understand what you don’t know with unfiltered access to raw, pre-transformed data, machine learning algorithms, data scientists, and analysts can process petabytes of data for a variety of workloads like querying, ETL, analytics, machine learning, machine translation, image processing, and sentiment analysis. Additionally, businesses can use Azure’s built-in U-SQL library to write the code once and have it automatically executed in parallel for the scale they require, whether in.NET languages, R or Python.

Microsoft HDInsight

The open-source Hadoop platform continues to be one of the most common options for Big Data analysis. Open-source frameworks such as Hadoop, Spark, Hive, LLAP, Kafka, Storm, HBase, Microsoft ML Server, and more can be applied to your data lakes through pre-configured clusters tailored for various big data scenarios with the Microsoft HDInsight platform.

Learn More About Microsoft HDInsight

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Future-Proof Data

For companies, data lakes reflect a new frontier. Incredible possibilities, perspectives, and optimizations can be uncovered by evaluating the entire amount of information available to an organization in its raw, unfiltered state without expectation. Businesses may be susceptible to data reliability (and organizational confidence in that data) and also protection, regulatory, and compliance risks if their data is ungoverned or uncatalogued. In the worst-case scenario, data lakes will have a large amount of data that is difficult to analyse meaningfully due to inaccurate metadata or cataloguing.

For companies to really profit from data lakes, they will need a clear internal governance framework in place, as well as a data catalogue (like Azure Data Catalogue). The labelling framework in a data catalogue aids in the unification of data by creating and implementing a shared language that includes data and data sets, glossaries, descriptions, reports, metrics, dashboards, algorithms, and models.

Built your BI Infrastructure

The data lake will remain a crystal-clear source of information for your company for several years if you set it up with additional tools that allow for better organization and analysis, such as Jet Analytics.

At  Global Data 365, you can contact our team to find out more information on how to effectively organize your data or executing big data systems seamlessly.

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