Our spin-off for business planning and simulation with Jedox.
Learn on 18.05.2021 how the decentralization of processes in controlling can be optimally designed by a data analytics solution.
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Understanding business processes, with better data analysis. To minimise business risks and maximise safety.
These days, companies cannot avoid using analytical data to understand their business processes. Thus processes in general and relationships in detail can be better understood. The knowledge gained will help the company, for example to reduce risk, detect economic crime, or perhaps prevent both in advance. With data analysis, the data is structured in new ways by the targeted application techniques, ordered and displayed visually. A typical feature of data analysis is that it is built up in phases: The step by step findings based on consistent data support effective business decisions.
These days, the intensive study of company-relevant data is particularly important for identifying and minimising business risks. However, the challenges facing the company in this are particularly large:
Already existing vast amounts of data
Increasing data flow and constant data growth
Growing challenges for multidimensional IT systems
Increasing data complexity and heterogeneity
Through the frequent accumulation of these factors, faster and more comprehensive insight into the company’s own data world is becoming increasingly difficult to achieve. In addition, susceptibility to errors and manipulations often grows in proportion to the increasing volume of data in all business processes. A basis for solving this problem is structuring, organising and consistent presentation of the data. These processes are part of data analysis and therefore part of a safety-oriented corporate solution.
Our solutions are based on solid Business Intelligence technologies such as Qlik and Jedox. These form the basis for robust and adaptable applications that enable a seamless integration of analysis, reporting and planning.
Conceived as «Individual Standard» platform, iVIEW can be implemented quickly and cost effective in an IT environment due to high standardization. iVIEW analyzes millions of data in seconds and reduces the complexity of data integration by 60%.
Data analysis is based on a process-oriented structure and can be divided into five phases. Firstly, a problem must be identified and the objectives for data analysis are formulated in this context. Then problem solving is approached step by step:
Depending on the destination and the software used, data analysis can be applied, from ad hoc analyses to automated analyses.
Efficient data analysis offers companies many advantages. Among other things, corporate data becomes more transparent, errors are exposed and manipulative treatments to avert damage are made possible. Selecting the right data analysis software is important for success, as is its effective and efficient application. With the advantages of using data analysis, companies can reduce their business and entrepreneurial risk.
Informed decisions based on reliable data increase success in business operations.
The exposure of safety vulnerabilities and weak spots helps to constantly optimise processes and controls in the business.
As part of compliance, own data analysis is also legally relevant and provides security during internal controls or when auditing financial statements.
Automated full inspections by IT-supported data analysis offer continuous security against flukes in the audit.
Thanks to continuous data analysis, business processes can be permanently improved and efficiency increased in the long term.
"I’m delighted with QlikView," says Patrick Gruenig. "It was our goal to make data analyses more economical, more reliable and more freely available. We have definitely achieved this with QlikView. When preparing data, I just have to take care of the monthly accrual: all other data are supplied automatically. I save up to 70 percent of my workload each month. And employees can simply create their entirely individual analyses at the touch of a button. This straightforward application allows us to operate the system with virtually no external support."
– Patrick Gruenig, Head of Finance & Controlling, Lamprecht Transport AG
Success Story Lamprecht Transport AG
When the quality of the data used in the company needs to be increased.
When it is necessary to detect and minimise possible vulnerabilities or errors in data traffic.
When consistent data for business decisions are desired.
When hitherto unfulfilled legal requirements are made on the data analysis in the company.
When particularly SMEs are looking for an effective solution to their risk management.
We support discerning SME clients, using innovative business intelligence solutions, to find sound answers to business-related issues and so make the right decisions for safe and reliable company management.
iVIEW BI-PLATFORM TECHNOLOGIES