/ 3 signs you’ve outgrown your BI

More and more, companies are gravitating away from traditional BI in favor of more extensive business technologies. They’re outgrowing their old BI systems, and chances are, if you’re using traditional BI, you did a long time ago.

The fact of the matter is, business intelligence isn’t that intelligent anymore. Or rather, companies need a more comprehensive, real-time solution to keep up with the speed of business and stay competitive.

Here are 3 big signs (though there are dozens more) that you’ve outgrown your current BI:

Your reports aren’t real-time, and they’re not giving you the full picture either.

The monthly reports aren’t cutting it anymore, and the weekly reports aren’t either. Even worse, nobody seems to be paying much attention to them either. After all, what good are reports if they’re not giving you insights you can use to make the critical decisions that need to be made right now? They’re about as good as those endless meetings to go over stale data in outdated reports.

Outdated, siloed reports aren’t just slowing you down, they’re hindering your ability to make the best decisions for your business. When you can see all relevant data from any department in real-time, you can make the kind of decisions that move the needle and boost the bottom line.

Your analysts and IT teams are bogged down with report requests.

If you’re still seeing those outdated reports, chances are you’re waiting on them from your analysts, who are waiting on the data from your IT team. And it’s no picnic for them either. All that collecting, cleaning, and compiling data is using up valuable resources and valuable time that could be spent searching for—and acting on—valuable insights in that very data. Instead, your analysts and IT experts have become data pushers, and by the time that data gets to your desk, you’re not getting the insights you need from it.

Businesses are turning to self-service analytics that not only free up your analysts and IT teams to do what they’re best at, but you don’t have to wait on reports from anyone. The numbers are there when you need them, and not in a complex spreadsheet either. Modern visually-based data exploration systems give decision-makers the ability to see what they want to see, how they want to see it. And for analysts, they can deliver reports people will understand at a glance.

Your data isn’t changing the way you do business.

If we haven’t harped on outdated data enough, this is the biggest reason to find a solution that delivers live data insights. When you can’t act on the data you do have, or the insights aren’t clear enough to make decisions, it begs the question of why you’re paying thousands, if not millions, for BI systems that don’t impact your business.

And it’s not just real-time data either. If you aren’t able to see your data, from customer behavior to ops expenditures, marketing campaigns to sales pipeline, side-by-side where you can see, you can’t make the best decisions to impact your business. It’s not enough to go off a handful of metrics, it’s not enough to just go off of your gut anymore (though there is a time and place), and it’s certainly not enough to keep doing what you’ve always done and hope to stay ahead of the game. Data needs to inform how your business is doing today, and where it’s going tomorrow.

If reports are being met with glazed eyes, and everyone goes back to business as usual after the weekly meeting, it’s time for a change. And with the dramatic rise of new business technologies, it’s obvious that more and more companies are ready for and asking for something different.

Domo is changing the way companies are doing business with not only real-time data but self-service analytics that let anyone and everyone in the company see all the relevant data they need to see. Domo connects your data and your people in a single platform. And the visualizations are stunning to boot. See for yourself. Domo is completely free to try out.

Try Domo now.

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