World-class Business Intelligence Tool
These days, the notion of business intelligence or bi reporting is taking over. More and more professionals are realizing that in order to take their businesses or customers to the top, they need some help. Business intelligence efforts are sort of like a ladder in this sense, each piece of knowledge gets you one step closer to reaching that coveted top.
It’s easy to toss around numbers these days. What’s difficult is getting people to pay attention and, most importantly, take action based on what your numbers are telling you.
That’s where an advanced business intelligence tool can help.
It doesn’t matter if your organization is a data fledgling or steeped in analytics intelligence. Business intelligence reporting makes it possible to get everyone on the same page when it comes to your performance.
Klipfolio is a power business intelligence tool for all sorts of teams, from accounting to engineering to product management.
We make it easy to pull in your data sources then put it to work to create beautiful visualizations, making it easy to view and analyze your data.
Ensure your data gets noticed with Klipfolio.
Business Intelligence and Analytics for Data-Driven Teams
The most flexible BI tool that is designed for how you work
It doesn’t matter what industry you’re in, getting the right data to make decisions is crucial. There are four ways to use a business intelligence tool:
Reporting looks at the past. It’s static information that often relates to financials, as in how much a company earned/spent/sold last month or last year.
Monitoring is reporting in real time: What is our current wait time for our support desk? How many sales have we made so far today? How many widgets do we have left in inventory at this moment?
Analytics is about exploring data to look for relationships, trends, patterns or explanations. It’s not a real-time exercise, and its purpose is to understand things, not to present them.
Prediction combines information from monitoring and analytics in an attempt to predict the future, what's next for your company.
For both analytics and future prediction, data must be organized, compared and otherwise interpreted. The information in itself is not enough.
Though our Metrics and Klips can be used to help with analytics, Klipfolio provides, above all else, a reporting and monitoring tool. We provide real-time information that helps people in a business view what’s happening from moment to moment, with the ability to track metric history and take visual snapshots for reporting.
Potential clients have to understand that – and they have to understand their own needs. That’s why one of the first things we ask potential clients is: “What are you using the information for?” There is a right answer to that question: It’s ‘monitoring’ metrics and KPIs that need to be shared throughout the organization.
Analytics and predictive tools are generally between expensive or complex, and need to be bought and run by a firm’s IT department, so smaller firms don’t really go for them. Historically, smaller firms were left with less expensive tools on the market such as the popular Excel, which really don’t provide the best value in terms of monitoring, analytics, or prediction. Nonetheless, these tools continue to be much of the backbone of how companies are gathering business intelligence.
Real-time monitoring was not part of the business intelligence equation at first, because it took computer horsepower – the capabilities to ingest raw data, perform calculations, and visualize it all within seconds.
But with the cloud, things changed. The cost of monitoring dropped, so it became possible to do it on a large scale and ensure data-driven insights are much more easily shared whether its done by dashboards, email, PDFs, Slack messages and more.
Connect and communicate better with Klipfolio
Data is about more than just tracking your performance. It’s about using numbers to communicate with your team.
Performance metrics such as key performance indicators have a key team-building and learning element. Everyone knows what targets they’re trying to reach. Everyone knows where their priorities lie.
Many organizations these days fail in this regard. They think that establishing multiple general objectives is enough.
Adopting simple qualitative goals without a corresponding metric is an open path to employee frustration and disengagement. What are the goals? What does success look like? Where are we going?
These are all questions that data-driven leadership can help answer with a flexible business intelligence tool.
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