Blog - HBS

ERP and Business Intelligence: A Winning Combination for Businesses | HBS

Written by Lucrezia Cinalli | Sep 26, 2024 5:30:00 AM

In this article, we will explore how Enterprise Resource Planning (ERP) and Business Intelligence (BI) are becoming increasingly complementary and interdependent. BI is not just about reporting; it helps look ahead by predicting opportunities and challenges based on data and proposing actions aligned with the scenarios outlined.

Business Intelligence (BI) refers to a set of business processes aimed at collecting data and analyzing strategic information. Additionally, the graphical representation of this information is a fundamental component within the BI context. 

ADVANTAGES OF INTEGRATING ERP AND BI
The integration of ERP and Business Intelligence is essential to extract the maximum strategic value from company data. But what are the benefits of their union?

  1. More accurate strategic analysis;
  2. Ability to monitor key KPIs and identify areas for improvement;
  3. Automation of business reporting, saving time and costs;
  4. Support for decision-making through a unified overview.

The ability to visualize data and see it in context is an area where BI excels. Graphs, charts, maps, and other visual formats breathe new life into data. Colors and schemes create a picture of the story behind the data in a way that columns and rows in a spreadsheet could never do.                                           

In a BI system, data visualization typically occurs through:
- Business Intelligence Reporting: This type of reporting is essential for any business. It involves presenting detailed data and information to end-users in a comprehensible and usable way. Reports use summaries and visual elements, such as charts and graphs, to show trends over time, relationships between variables, and other relevant factors.                                                                                                                                                                                                                                                        - Dashboard di Business Intelligence Dashboards: These are data visualization solutions that combine graphs, charts, and reports on a single screen. These tools allow users to get instant overviews of business performance and can be customized to monitor specific KPIs.

SAP ANALYTICS CLOUD: THE FUTURE OF BUSINESS

SAP, with its advanced solutions, offers a wide range of tools for Business Intelligence, including SAP Analytics Cloud.

SAP Analytics Cloud is an advanced solution that combines business intelligence, planning, and predictive analytics. Cloud-based, it provides a unified and secure experience for data-driven decision-making. With this solution, any user within an organization can access, analyze, and act on current and historical data.

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