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9 Ways you are failing at Business Intelligence

Home > Blogs > 9 Ways you are failing at Business Intelligence

9 Ways you are failing at Business Intelligence

July 26, 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.

9 Ways you are failing at Business Intelligence

Business intelligence is critical for making strategic business decisions, but often organizations’ BI efforts are hindered by bad data practices, tactical errors, and other factors. Executives understand the importance of having high-quality data when making business decisions. However, obtaining reliable data in a timely and user-friendly format continues to be difficult. Yes, there is a struggling market of business intelligence (BI) analysts and distributors.

How can you determine ways you are failing at Business Intelligence and it’s time to update or recruit specialist experts? Knowing where others have gone wrong will help you answer these questions.

Doing What Customers Ask, Instead of What a Company Needs

Surely placing customer satisfaction as the top priority leads a company to success. However, when it comes to technology, business users can not always grasp what they are requesting. Apart from that, they try to impose the solution’s technical information.

BI failure is a result of implementing what consumers want rather than what they need. Successful BI projects necessitate the ability to adequately verify BI findings, and the ability to elaborate and manage requirements. One way of understanding what consumers really need is to use the “5 whys” approach, which involves asking why five times about a single problem to gain greater depth.

Using Less Time and Money for Testing

In the marketing world, think about moving fast and break things is a common mantra. And well-established companies need pace. However, in the race to go faster, things that are seen as additional services, such as testing, will suffer. Seeing testing as a waste of time may lead to serious quality problems, particularly if manual testing is used. Instead, look to research and related “ancillary” processes to provide a better BI experience.

Limiting testing, particularly when the only testing performed is manual, results in a high number of errors in user testing, which has an impact on product delivery.

Short-Term Broader Data Integrity is Important

Reading, viewing, and analysing data is a convenience with business intelligence software. But what if the data you’re providing the system is tainted? Or, to put it this way, how can you show an IT analyst that your management decisions are based on high-quality data? If you concentrate solely on the BI tool and its setup, you can overlook this crucial information.

Taking a Defensive Approach to Unsatisfied Customers

Dealing with irritated users is not something any technology expert looks forward to. There will be system errors and annoying points. Your response to these issues will determine whether or not your BI project succeeds.

The two most common mistakes that BI new comers make are concentrating all their attention on delivering requests and failing to include business end-users in the project. What matters is, are you providing your customers with the information they require to make decisions? Do you know what information they require? Is there an alternative to making a new report to solve the problem? It’s preferable to prioritize user complaints based on their relative relevance to your overall plan rather than simply dismissing them.

Conducting Analysis With No Purpose

When you have effective resources at your side, it’s only normal to look for ways to use them. Business intelligence without guidance, on the other hand, is a waste of time. This issue is especially prevalent among young professionals.

Inexperienced and eager business intelligence practitioners risk developing tunnel vision and doing interesting research that isn’t motivated by meaningful questions. The findings often lack a ‘so what’ finding and struggle to offer actionable insights. It takes business knowledge and judgement to avoid this blunder. One way to avoid the “so what” dilemma is to ask yourself, “How does this research apply to the company’s goals?”

Thinking Data is Sufficient

Is it possible that “more data” can solve all of our business problems? Many aspects of business intelligence and analytics are based on this unspoken presumption. It’s not going to be working to just drop data at an executive and hope for the best.

Data is dismissed or trumped by belief if it isn’t interpreted and argued convincingly. The importance of making a strong case and crafting a compelling narrative can never be underestimated. The field analysts may be aware of the implications of data collection. You can’t presume that those who are a few steps away from the data will understand that argument.

Relying only on BI tools

Technologists understand that the right method will make a huge difference. Consider the first time you used a script to automate a time-consuming process. Those early victories motivate you to keep looking for new ways to solve business problems. Unfortunately, putting too much reliance on your business intelligence tool can lead to disappointing results.

Even if the tools are becoming more user-friendly, there are process, cultural, and learning elements that must be addressed to achieve progress.

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Vendor Management is Ineffective

It is possible that your organization doesn’t have a business intelligence department. Working with outside experts makes sense in that situation. You could hire them to act as an outsourced service provider or to help on a particular project. In any case, you must know your vendor and provide oversight, particularly when it comes to subcontractors.

It is your duty to manage the problem and figure out who is working on your behalf if a third party is involved. Otherwise, you might be in for a BI failure.

Dismissing Tools like SQL and Excel

Are you aware that there are Microsoft Excel championships held every year? Take, for example, the Microsoft Office Specialist World Championship, which attracts over 500 thousand participants and offers cash prizes to the winners. That is just one indication of Excel’s growing popularity in the corporate world. SQL has a large following in the technology community but to a lesser extent.

Therefore, identify ways you are failing at Business Intelligence and make a big shift with power of BI in a company with ramifications for employees’ jobs. In leading people through the process, the practice of change management and leadership cannot be overlooked.

If you’re interested in knowing how agile BI solutions can lead your company to success, contact us now.

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Migrating to Business Central Online

Home > Blogs > Things to Know When Migrating to Microsoft Business Central Online

Things to Know When Migrating to Microsoft Business Central Online

March 26, 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.

Migrating to Business Central Online

As industry demands change, so do the needs of the industry, which is why the main ERP vendors have directed their focus to the cloud in recent years. From a technological standpoint, handling trade-offs between the old and new has precipitated a tricky balancing act. When it comes to modernizing business applications, increasing convergence, and introducing essential new features, software analysts have tried to reduce the degree of disturbance for current ERP users.

That method, however, eventually reaches its inherent limitations. Legacy framework modernization requires a major investment on the part of ERP vendors. Dealers should sever all ties from the past to achieve some of the main technological goals that lead to lower prices, improved agility, and consumer value. Finally, ERP consumers should (at least in principle) reach a point where their software systems are allowing higher performance, better organizational control, and creativity for the company. However, there is a lot that business leaders can do along the way to cut costs, minimize risk, and maximize the value that ERP device improvements provide in the end.

Microsoft has been running a range of ERP solutions for small and mid-sized businesses for nearly two decades. Whenever the company bought Great Plains, it was a big deal. Software acquired two commonly used ERP products, Great Plains and Solomon, in 2001. The ensuing range of four separate ERP packages was renamed the Dynamics family of products by Microsoft (GE, SL, NAV, and AX, respectively). Since then, the company has maintained all four products, allowing consumers to continue using their current ERP applications. This has been fantastic in terms of minimizing disruption for Microsoft’s customers. In the near future, Microsoft will concentrate its resources on two goods that appeal to two distinct consumer segments. Dynamics 365 Finance & Supply Chain (F&O; SCM) is designed for mid-sized businesses, while Dynamics 365 Business Central (D365 BC) is designed for smaller businesses with simpler needs. If your company is still using Dynamics GP, Dynamics SL, or Dynamics NAV, Microsoft is probably already urging you to upgrade to D365 BC.

Listed below are the main factors that you should keep in mind before migrating to Dynamics 365 Microsoft Business Central.

Microsoft D365 Business Central; A New Product

Since Microsoft D365 BC is based on the Microsoft NAV code base, many people confuse it with a newer version of that product. That is a fair statement in several ways since Microsoft carried over the main concepts from NAV to Office 365. With NAV as a starting point, D365 BC and developed the usable code and data model. However, for most companies that are still using Dynamics NAV, the switch to Business Central would be a more significant change. Transitioning from Dynamics GP or Dynamics SL to Microsoft D365 BC would necessitate a complete break from the past.

Moving to Business Central is the same as introducing a brand-new ERP system. It will necessitate a detailed review of current business processes, followed by the conversion of those processes to Microsoft D365 BC.

Review of Customizations and ISV Products

You will have to update current customizations and check incorporated third-party products to make sure they’ll work with Microsoft D365 BC, regardless of the ERP system you’re migrating from. Since Microsoft D365 BC is a new product, you might be able to meet your company’s needs using the off-the-shelf features already included in the product. You must study the current business processes and map them to the new ERP framework, irrespective of the legacy system you’re moving from. If you’re already using Dynamics GP or SL and have made some customizations, you’ll have to start over in Microsoft D365 BC. In certain instances, D365 might already have the necessary features. Otherwise, you’ll have to fill in the blanks with plugins or third-party apps.

You can learn more about the vendor’s product roadmap, maintenance plans, and supported features by contacting them. Major vendors will be ahead of the curve in this regard, with products for Microsoft D365 BC on the market and a direct upgrade.

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Assign Enough Time and Money to Reports

Report development can consume up to 25% of a company’s overall budget when introducing a new ERP system. Even when you’re switching to the latest version of a current design, handling reports will eat into your budget and resources since most ERP systems’ standard reporting tools necessitate highly specialized technical knowledge. You’ll need to evaluate and validate existing reports because Microsoft D365 BC is new software. Customers moving from Dynamics GP or Dynamics SL would have to rebuild all existing reports created with standard Microsoft software in Business Central from the ground up.

Luckily, most of the tasks associated with this aspect of the ERP implementation process can be reduced or even eliminated. If you’re currently running Jet Reports against a NAV database, you’ll be able to move your reports to Microsoft D365 BC. Jet Analytics, meanwhile, integrates with the whole Dynamics product family, including GP, SL, NAV, and D365 BC, making it incredibly simple to build a data warehouse, collect and turn data from the source system, and build complex reporting and analytics.

One of the main advantages of Jet Analytics is that it makes it incredibly easy for end-users to generate and change reports without the assistance of IT specialists or costly outside consultants. Companies will simplify the process of generating or changing reports by placing the control in the hands of finance and accounting experts, not only during a system installation or migration but when they need report customization in the future. In the scenario of a device migration from Dynamics NAV to D365 BC, there’s a good chance that any reports generated in Jet Analytics will operate with Business Central without any changes.

Planning Ahead for Data Migration to microsoft business central

Customers may use data transfer software to shift data from any of the legacy Dynamics products to D365 BC. Many consumers, on the other hand, would take a more complex approach to bring data into Business Central. An off-the-shelf automated process to migration might not always perform well if you have made customizations or changes to your legacy ERP framework that expand the current information. A data warehouse can also be used to automate raw data and transformation in advance of device migration. As a result of this, businesses can easily test data migration strategies and also to train users on the new system using real company data rather than demo data.

This automated method decreases the amount of downtime required in the days leading up to the ERP system go-live. Building the infrastructure to automate large portions of the data migration process is surprisingly simple with Jet Analytics.

However, if you are transitioning from NAV to Microsoft D365 BC, you may choose not to migrate years of legacy data to your new ERP. However, you do not want to give up the right to report on historical details. In that scenario, you can archive historical data from your old system in a data warehouse using Jet Data Manager or Jet Analytics.

In Conclusion

Global Data 365 offers financial analytics solutions for the entire Microsoft Dynamics software products. We’ve been assisting business leaders in getting the knowledge they need effectively, reliably, and efficiently for nearly three decades.

If your company is considering migrating to Microsoft Dynamics 365 Business Central in the future, we suggest learning more about the advantages of our quick but efficient reporting tools. Contact us now for a free demo.

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