Which companies use SAS
The latest study by TNS Emnid and arcplan shows that the potential of BI solutions and management dashboards is not being fully exploited in this country
Every third company fails to improve planning processes and analyzes with the help of business intelligence.
Business intelligence tools and management dashboards give companies numerous advantages that enable them to increase sales and stay ahead of the competition. Theoretically. Because when it comes to the specific use of BI, companies and organizations in this country still have a lot of catching up to do. This is the result of a study by pollsters at TNS Emnid on behalf of arcplan. Only every second company uses management tools and misses out on valuable competitive advantages. And there is also room for improvement among those surveyed who use BI: while 81 percent of companies rely on business intelligence for their reporting and reporting, only 62 percent use business and process planning. Only 59 percent of those surveyed use BI for ad hoc analyzes.
"Our survey clearly shows that there is still a lot of catching up to do in this country when it comes to BI and the actual use of management dashboards," explains Steffen Weissbarth, COO of arcplan. “Trending topics such as big data, flood of information, globalization and ever increasing competition should encourage companies to deal more with their IT and the possibilities of their systems. Otherwise a lot of potential is lost, which can be decisive when it comes to putting international competition in its place. "
BI possibilities not yet sufficiently recognized and used
It is particularly noticeable that German companies have so far been reluctant to use their BI solutions for aspects such as planning or analysis. Instead, they still fall back on traditional, error-prone and inefficient procedures such as Excel tables or separate analysis tools and do not trust the transparent and comprehensive possibilities of BI. The 50 percent of companies that also do without management dashboards fall behind. Overall, large companies with more than 1,000 employees are more open to the use of modern management tools: From this size, only 37 percent do not use dashboards, while 49 percent of larger medium-sized companies (companies with 500 to 1,000 employees) do not yet evaluate key figures with the help of BI . In this context, it is also interesting that in the companies surveyed by TNS Emnid, 1,000 employees use only 62 percent BI for planning and 59 percent for ad hoc analyzes. For larger companies with more than 1,000 employees, the figure is 63 percent and 57 percent, respectively. The differences between companies of different sizes are therefore marginal.
Retail companies are lagging behind
When comparing the sectors, however, it is noticeable that retail companies lag behind sectors such as production, industry and others in terms of efficient use of their BI solutions. In the manufacturing sector, 66 percent of those surveyed use management tools for planning and 59 percent for spontaneous analyzes. In the retail environment, only 50 percent use their BI solution for planning and 58 percent for ad hoc data evaluations. In other industries, the figure is 56 percent (planning) and 63 percent (analyzes). Incidentally, only 17 percent of all respondents use BI for purposes such as collaboration. And only 13 percent use business intelligence on the move. The big disadvantage: They do not use many of the options because their field staff cannot access the system on the go. This costs companies time, money and opportunities.
Optimize budgeting and planning processes with the help of BI
But what are the specific advantages for companies if they use their management tools more comprehensively and in a more sophisticated way? An efficient planning process is characterized by control, accuracy and adherence to deadlines. Powerful business intelligence systems offer useful planning models and core functions that are specially tailored to budgeting and planning processes. At the same time, modern solutions integrate web-based reporting and analysis functions. Companies benefit from many different functions in a centrally controllable and flexibly adaptable solution. Application developers use the fast development environment to set up, distribute and maintain planning applications quickly and easily. End users benefit from the advantages of an easy-to-use solution. The corporate planning can be brought into an orderly sequence and users can create tasks, processing and notification groups.
Create an improved overview of the overall context
According to a study by the Hacket Group, BI solutions can reduce reporting costs by 50 percent and time by 75 percent. The Business Application Research Center (BARC) also says that improved, more accurate reporting and better decision-making were key BI benefits. BI expert Weissbarth explains: “Companies should strive more for a company-wide BI concept. In this way, you can interlink a wide variety of data and obtain an improved overview of the overall business and the underlying relationships, manage and control company processes and draw business conclusions. Business intelligence is the well-founded and reliable basis for strategic and operational decisions - an essential solution for companies in all industries in 2015 and beyond. "
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