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The primary role of Business Intelligence Consultants (BI) is to take care of the data definitions, source system identification and connectivity, working with end users to define business requirements and needs, performing data validation, writing Business Intelligence policies and procedures for steering committee approval, overseeing the implementation of approved projects and assuring that the promised benefits of BI projects are achieved. The business intelligence team is also tasked with reporting on the progress of the Business Intelligence program and defined projects to senior executives.
Meanwhile, a company’s Information management team will work with the Business Intelligence team members or consultants assigned to the BI program to assure that guiding principles are met pertaining to organizational policies related to data procurement, analysis and reporting. In addition, it will assign specific projects to implementation teams and prioritize data access requests when the availability of resources is insufficient to meet user demand. The size of a BI team is variable and will depend on how many departments and/or functional areas are represented.
Business intelligence (BI) consultants transform data into insights that drive business value. Through use of information analytics, Information visualization and information modeling techniques and technologies, BI consultants can identify trends that can help other departments, managers and executives make business decisions to modernize and improve processes in the organization.
The BI consultants role is becoming increasingly important as organizations move to capitalize on the volumes of data they collect. BI consultants typically discover areas of revenue loss and identify where improvements can be made to save the company money or increase profits. This is done by mining complex informational data by using Business Intelligence data, comparing data to competitors and industry trends and creating visualizations that communicate findings to others in the organization.
I will give an example of how I helped one of my clients in reducing their business expense, which was their prime requirement. For confidential purposes I can not reveal my client's name but I can tell what kind of business they are in. Their major concern was the hidden cost which was associated with their business for years. Their business included a lot of travelling, information maintenance and the major drop back was lack of technology implementation which cost them a lot. We have conducted few sessions where we had a healthy conversation with their employees regarding their professional issues. We made a survey along with their feedback and it found to be very helpful.
To solve their travelling expense issues, we have implemented automated software that tracks and moderate's employee travel expenses.
For data management we implemented Document Digitization for their current crucial information that was on papers. All this data needed to be stored in a safe and secured place. Which cost a lot of physical space, after digitizing all their documents, we stored all the data on a server. This way all their data was available on cloud and was accessible from any part of the world.
All the above technology implementation helped them to cut cost by 38.27% in the last quarter.