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How Non-profits Can Benefit From Modern Data Analytics Tools

Data analytics solutions in the past took several years to be planned and deployed, but those days are long gone. By adopting a few data analytics processes in their operations, non-profit organizations can streamline and improve their operations and outreach for achieving better results. Earlier this was not possible as data analytics did not adapt well with the existing technologies and processes. Also there was a lack of well-equipped personnel as the data analysis tools were so complex in nature, that it required the IT personnel to take care of analysis tasks for clients.


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Trends in Business Intelligence in 2016

2015 is nearing its end and Big Data has finally come of age. Business intelligence or BI as it is often referred to is also progressing in leaps and bounds.

Which Business Intelligence Software Will you Buy

Many key trends are all set to emerge in the Business Intelligence market in 2016. Spending on traditional BI platforms has almost come to an unceremonious end.

Trends in Business Intelligence in 2016

  • As a matter of fact Gartner predicts a decline of more than 20% on traditional processes related to Business Intelligence in the coming year.
  • This is in sharp contrast to tools regarding data discovery and self-service Business Intelligence like tableau bi software which witnessed an incredible growth of 77.7% in the last fiscal.
  • Seattle is the place to be as both AWS and MSFT Azure bet big in the market for cloud BI. All eyes are now set on Google as we await their counter move making the competition really interesting.
  • Cloud BI services will face a hard battle as they compete with AWS QuickSight and cannot compete with the margins of AWS.
  • In general it may safely be predicted that the industry related to financial services will adopt the cloud with 20% of top financial institutions announcing a Cloud-first or Cloud-exclusive strategy regarding IT.
  • Industry insiders are abuzz and fascinated by the Internet of Things or IoT, but nevertheless it will soon dawn upon people that the data derived from sensors though abundant is for most uses quite useless.
  • Due to this there will emerge huge discussion which should be pragmatic in nature regarding how the data streams from sensors may be cleaned and the necessity of merging static data and that emerge from that of IoT.
  • Smart Cities are the way of the future and give us a fore-glimpse of how data from traffic sensors, transportation logs, social networks, emergency and census personnel may be used to drive quick insights and response plans for the community as a whole to natural disasters and events related to national security.

Source: Forbes

Success factors for Business Intelligence program

Success factors for Business Intelligence program

To implement a successful Business Intelligence program, one needs to understand the dimensions that are critical to success of the BI program. Here we will discuss six critical success factors for the BI program.

Critical Dimension 1 – Strong Executive Support

If there is one dimension or critical attribute that has major influence on successfully implementing the BI program would be strong executive support. If there is any lack of enthusiasm at the top will filter downwards. A key component of obtaining strong executive support is a convincing and detailed business case for BI.


Critical Dimension 2 – Key Stakeholder Identification

Early identification and prioritisation of the key stakeholders are crucial. If we do not know who will benefit from a BI solution, it is unlikely that we can persuade anyone that is in their best interest to support the BI initiative.


Critical Dimension 3 – Creation of Business Intelligence Competency Center (BICC) Many organizations have created a separate BICC to manage the lifecycle of analytics processes. Organizations must keep in mind while creating a BICC is that the need of Business Intelligence. They should ask all the strategic and tactical question before creating a BICC. Some of the key objective of BICC shall be


  • Maximise the efficiency, deployment and quality of BI across all lines of business.
  • Deliver more value at less cost and in less time through more successful BI deployments.
Also read: Business Intelligence: Now Every Person Can Use Data to Make Better Decisions

Critical Dimension 4 – Clear Outcome Identification

This dimension determines what outcomes the organization desires, and whether they are tactical or strategic.

  • Knowledge – What knowledge is needed for desired outcomes and where is it?
  • Information – What information structures can be identified from knowledge gathering and how can these same structures be beneficial.
  • Data – What sources of raw data are needed to populate the information structures?

Pursuing the answers to these questions requires both logic and creativity. We also need specific information at various steps in the BI process.

Also read: Trends to Watch Out – Global Self-service Business Intelligence (BI) Market 2017

Critical Dimension 5 – Integrating CSFs (Critical Success Factors) and KPIs to Business Drivers

Many business initiatives aim to obtain benefits – greater efficiency, quicker access to information that are hard to quantify. We can easily accept that greater efficiency is a good thing, but trying to quantify its precise cash value to the organization can be a challenge. These benefits are essentially intangible but need to be measured.

Therefore, when identifying these key values, they can be classified as “driving” strategy, organization or operations.

Strategic Drivers Influence:
  • Market attractiveness
  • Competitive strengths
  • Market share
Organisational Drivers Influence:
  • Culture
  • Training and development
Operational Drivers Influence:
  • Customer satisfaction
  • Product Excellence
Also read: Role of R In Business Intelligence

Critical Dimension 6 – Analytics Awareness

Organizations have a tendency to measure what is easy to measure – internal transactional data. Extending the sensitivity of the organization to external and internal data presents a fuller picture to decision makers of the organization and the competitive environment. If measures are appropriate, the organisation can start to improve the processes.

When the above mentioned six critical dimension of BI solution are place. Organizations can benefit the value from the BI solutions are exponential in manner.


For better implementation of BI Program, why not take up effective market risk courses offered by DexLab Analytics! Market Risk Analytics is a growing field of study; for more details visit the site.


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