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1) Too expensive and hard to justify the ROI of BI. They also need these tools to generate a true ROI. The right business intelligence tool is a much easier ROI to sell. Robust dashboards can be easily implemented, allowing potential savings and profits to be quickly highlighted with simple slicing and dicing of the data.
Using the right marketing KPIs (keyperformanceindicators) is a good start – what is now left is finding a way to organize it all in a way that makes sense and brings value. These reports are slicing, dicing, and analyzing data, while connects the dots between your marketing activities and the goals originally set.
They provide ROI by quickly highlighting trends and dig out irregularities. They enable you to easily visualize your data, filter on-demand, and slice and dice your data to dig deeper. Surfacing these irregularities provides some of the biggest ROI from business intelligence software.
Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Timeframe: Quantitative analysis for a technology investment is performed over an extended period of time, typically three to five years. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent. cost reduction).
Analytics is vital now because providing end-users with the ability to analyze, slice, and dice data within the context of their application is essential to staying competitive in today’s fast-paced digital world. That is the type of ROI that Logi Symphony delivers with its embedded analytics functionality.
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