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diacto2022 · 1 year

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Mergers And Acquisitions

Growth is good, right? Of course, every CEO wants the company to grow. Mergers and acquisitions (M&As) are increasingly becoming key strategies in business growth.

However, once the ink is dry on the exciting new deal, operational realization kicks in, and for the CIO responsible for successfully managing system integrations the headaches begin.

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M&As typically bring major IT challenges, often overlooked by the CEO. The complexities of combining multiple systems, databases, and entities into a unified platform are underestimated and as a result, CIO rarely delivers a fully integrated enterprise-wide solution, leaving business data in silos and a consolidated 360-degree business view lacking. As a result, the CEO is left with no choice but to base critical business decisions on only partial data which is often out of date.

At DIACTO in partnership with DOMO, we have the ability to bring data from disparate systems, multiple ERPs, and data sources into consolidated, actionable Enterprise-wide dashboards within a few weeks rather than months, giving the CEO trusted, validated data enabling the business to take full advantage of the investment in the merger or acquisition, drive profitability and business transformation.

In addition to the Enterprise view, DIACTOs solution has the ability to provide site specific views still allowing for sites/subsidiaries to manage and see KPIs important to them.

For more information please contact us at [email protected] or visit our website www.diacto.com.

#Domo Consulting #Domo Implementation #Domo Managed Service #Power BI Consulting #Power BI Implementation #Power BI Managed Service #Snowflake #Consulting #Snowflake Implementation #Data Lake Consulting

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diacto2022 · 1 year

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Data Driven Business Transformation

Research have shown that on an average 30% of employees’ time is wasted in searching for data to determine their daily action i.e. significant employee productivity loss. The delay in getting the information they need to act affects their ability to make decision and solve business problems in timely manner. Hence, the time that should be invested in improving business performance is wasted in non-value-added data search.

We are delighted to introduce the end to end business analytics solution that delivers the real-time information that every organizations need to run the business daily. We eliminated the technical complexities that stand between data and decision makers so organizations can focus on transforming their core business.

We have pre-built connectors to connect to data sources located anywhere (on-premise or cloud) and harmonize and integrate them in order to provide holistic and living dashboard for users at all level.

We seamlessly integrate several key factors needed for the success of business analytics program i.e. domain expertise, technologies, tested and trusted approach, certified professionals, rich experience of several successful deployment. We make Business Analytics a pleasant experience for our customers and time to value starts within a few days.

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diacto2022 · 1 year

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We Make Data Talk

Business information is a valuable asset that every company needs to be competitive and even though every company has oceans of data they do not necessarily have valuable information. Mergers and Acquisitions generate long lists of disparate ERP systems that have platinum information hidden within. All you need to do is get it, clean it, consolidate and aggregate it, and voila you have the valuable information you need to improve daily operations, drive growth and increase profitability.

We are delighted to introduce the end-to-end business analytics solution that delivers the real-time information that every organization needs to run the business daily. We eliminated the technical complexities that stand between data and decision-makers so organizations can focus on transforming their core business.

Growth and profitability are kings and without them, you cannot be a viable business for very long so you have to get serious about getting the information you need from all those systems. There are many tools in the market so the decision process is long and arduous and you must find the appropriate professional team to help you use the tool you choose because your current IT Staff does not have the time nor the knowledge to get the job done effectively and efficiently.

One excellent company that has been delivering valuable information to businesses for many years is DIACTO and you can read all about it at diacto.com. DIACTO has a team of professionals who understand what it takes to get the job done and can easily deliver the information you need in a format that is easy to read and understand in seconds.

It doesn’t matter how many different ERP systems you have or where they are scattered around the globe, the DIACTO Team can assess the situation and deliver results faster, better and at a much lower cost than any other vendor you examine.

Stop wasting time searching for information you need and start analyzing your business operations with accurate, rich and current information at your fingertips.

#Domo Consulting #Domo Implementation #Domo Managed Service #Power BI Consulting #Power BI Implementation #Power BI Managed Service #Snowflake Consulting #Snowflake Implementation #Data Lake Consulting

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diacto2022 · 1 year

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8 Critical Factors To Consider While Selecting The BI Tool

One of the most common trends observed for enterprises that have existed for decades, and are of a certain scale, is the overwhelming data. In most cases, this data is either never looked at, or is not looked at in real-time and optimally. Add to this the complexities Mergers & Aquisitions can add, if the enterprise has gone through any. Chances are, there are multiple ERP / CRM systems where powerful data is lying but no one knows how to consolidate all of it to make business sense.

If you are currently looking for a BI solution, you already understand the power of analysing real-time data and executive reports that can instantly show the leaders, the overall health of the business. However, according to Gartner, 70% – 80% BI projects fail. This is because organizations look at current requirements and don’t consider the dynamic business environments to find a solution that is futuristic and scalable.

Given below is a powerful list of eight critical factors you should consider while selecting a BI tool, which if followed through, can ensure you don’t regret your decision ever.

1. Data Visualization: Creating powerful data visualization focused on answering business question should be easy, user friendly and the tool should give you the ability to customize the level of access based on roles or functional groups.

2. Data Integration and Transformation: Rarely do organizations have their data at a single location. Whilst considering a BI tool, carefully consider the number of data sources and disparate systems you have today and the level of integration and transformation that will be required.

3. Total Cost of Ownership (TCO): Hardware, Software, License, BI Resources, Training, Implementation, Ongoing Support & Maintenance are key contributors to TCO. It is common mistake to make BI tool decision purely based on User License cost alone.

4. Ease of User Adoption: Ideally the BI tool adoption should be as easy as installing an app from the app store and get going without any/minimal training. You don’t want to be investing too much time in training users on how to use a complicated BI tool.

5. Self-Service: One of the most critical aspect of BI is self-service. You don’t want IT (BI team) to stand between data and decision maker. The tool should empower business users to easily and quickly build their own KPIs with minimal training.

6. Mobile Capability: A BI tool should be accessible from any device anywhere. This enables users get the information in real-time and make decisions as and when needed on-the-go. BI tool without great responsive experience is not a good idea.

7. Performance: It can be very frustrating to click a dashboard and wait for data to load. Lots of BI tools perform great at smaller data volumes but as the data increases, the performance starts to drop. Project your future data volume needs and ensure that the BI tool is scalable and capable of performing well at large data volumes too.

8. Notification Alerts: It is practically impossible to monitor each KPI especially when there are several moving parts. Notification alert enables “management by exception” so the decision makers are notified when set thresholds are breached.

There are many data analysis tools today in the market, so the decision process of selecting one is long and arduous. BI is the brain of the company that would enable better and faster decision making and action. You must get it absolutely right the first time as the rework and course correction in future is very expensive. While the tool is extremely important, the people who manage it are equally critical. If you don’t have the right team with business perspective, knowledge & experience, then you can easily get into issues early on. We offer free one-hour consultancy capsules that can help you make the right decision of selecting a BI tool for your company. To book an appointment, fill in the Contact Us form or reach out to us at [email protected].

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diacto2022 · 2 years

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Total Cost Of Ownership In BI

TOTAL COST OF OWNERSHIP IN BUSINESS INTELLIGENCE: WHAT TO LOOK FOR BEYOND THE LICENSE COST

According to Gartner, the most quoted fact in Business Intelligence (BI) is, “70-80% of BI Projects fail.” BI projects fail for a number of reasons whether it be a simple lack of time, resource or domain expertise to critical factors such as lack of a clear BI strategy and vision, poor stakeholder buy-in and probably the most influential – choosing the BI tool based purely on software license cost and not considering the Total Cost of Ownership (TCO).

While software licensing cost cannot be ignored and indeed forms a significant part of the overall BI investment, focusing on this in isolation and not the TCO runs the risk of overspend, project derailment and potentially a tool that is not fit for purpose. When choosing a BI tool, it is important to ensure you are comparing apples to apples and not fall victim to a low-cost BI solution that ends up being higher in cost due to limited functionality and hidden add-on costs. In addition, there is a reason that ‘Total’ is prefixed to Cost of Ownership; to understand the ‘Total cost’ there are a number of factors to consider as part of your evaluation.

Let’s explore some of the important factors to consider throughout your BI evaluation:

Data Manipulation: Most organizations today have disparate data sources and have the need to bring raw data from multiple sources whether it be on-premise such as spreadsheets, legacy ERP systems or bespoke applications or cloud based such as SharePoint, Google drives, Salesforce or IoT devices. Look for a tool with an extensive library of pre-built connectors with bi-directional data integration capabilities, without this you are in danger of having to source expensive development resource to continually build connectors.

Extract, Transform, Load (ETL): Many BI tools in the market today charge extra for drag and drop ETL functionality. Choose a tool with ETL built in at no extra cost with the ability to quickly normalize data from disparate sources and automatically keep datasets up to date minimizing manual intervention from expensive IT resources.

Scalability: Future proof your BI investment. Data grows at an exponential rate, even in small to medium sized organizations. When considering a BI platform, think of scalability. With on-premise the cost of additional hardware, the maintenance of the hardware and the cost of support should be taken into account as part of the TCO. Look for Software-as-a Service (SaaS) solutions where your data resides securely in the cloud and can be infinitely scalable without significant increase in investment.

Self-Service BI: A significant cost in any BI journey is the cost of skilled people to support, train and administer along with making data consumable for all. Look for a platform geared towards giving the end user the ability to be self-sufficient and lessen the drain on an already stretched IT team. A BI Tool that is easy to use, intuitive and gives the end user the ability to create data visualizations with ease on a single source of truth, in real-time rather than the dependence on requesting reports or having to manipulate data in spreadsheets willincrease user adoptionand improve employee productivity and reduce cost.

Mobility: In an age where we live on our mobile devices, business leaders want access to real-time data whenever and wherever they are 24×7. Ensure your BI platform is mobile ready with no additional development or maintenance required to avoid having to fund expensive program developers to rebuild for mobile deliverability.

Key Takeaways:Evaluating Factors for TCOFully Integrated BI SolutionOther BI SolutionsManpower to support 100+ user deployment (IT, Developer, Expert)1-410-15 or more as user adoption increasesData WarehouseNo Extra CostHeavy investment in Hardware and SoftwareETLNo Extra CostHeavy investment in Hardware and SoftwareNative Mobile CapabilityMobile-app ready – no extra development costDeploy and maintain separate mobile capabilityROI4-5 times higher over first three yearsLonger time to realize ROITime-to-Value4-6 weeks10-12 weeks or moreIT/Data Analysts DependencyMinimal dependency on ITHeavy DependencySelf-ServiceYesNo

Conclusion:

Time taken upfront to select a fully integrated, all-purpose, self-service platform with no hidden add-ons will lower your TCO and in turn improve the return on investment (ROI), shorten the time to value and improve user experience and adoption but more importantly help you leverage the power of data to improve business performance and revenue growth.

Executing BI implementation in-house can be a challenging process as the knowledge to understand and implement a new BI solution is likely to be limited with the in-house team and comes with a learning curve. An experienced BI partner who has executed numerous projects across the world can help you define BI objectives and goals, leading to a significantly improved TTV, enabling you to achieve the desired results sooner. ABI partnerwith a team of expert data scientists who understands self-service BI tools is better equipped to smoothen the implementation by overcoming the usual roadblocks that come in the way like flawed datasets, restricted access to data sources, change management and time management challenges to list a few.

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diacto2022 · 2 years

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Award Winning Team

Diacto Does It Again – Announced As ‘APAC Partner of Year 2022’ by DOMO

Team Diacto is always working towards excellence in providing BI Solutions to organizations across geographies. Diacto has received the coveted ‘APAC Partner of the Year’ award for two consecutive years (2021 & 2022) from Domo, at the much popular industry event, DOMOPALOOZA, being held virtually for the last two years in the month of March. Domopalooza is Domo’s annual event where industry experts meet and share insights and learnings out of their years of experience. This award recognises Diacto as one of Domo’s most trusted authorised partners for implementing Domo globally.

Using Domo, organisations can enhance their data agility and literacy to prompt intelligent action. By providing data to various teams on a day-to-day basis, Domo builds a data fabric which makes data accessible and actionable. Domo can connect data from thousands of data sources comprising on Prem data, cloud data, IoT data and third-party data and perform computations in sub-second timeframe.

Domo comes with excellent data management capabilities to meet demands of governance, audits, compliances etc.

All these aspects make Domo implementation a task demanding high level of expertise. Over the past few years, Diacto has earned recognition as a flawless Domo implementation partner by companies globally. We have successfully solved many complex business challenges using Domo as the BI platform. Our understanding of business challenges and intricacies of Domo has enabled us to implement Domo for organisations in record time. The ‘APAC Partner of the Year 2021, 2022’ recognition from Domo is a formal testimony to our commitment to enable a smooth and fast digital transformation for customers around the world.

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diacto2022 · 2 years

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Select The Right BI Partner

Business Intelligence (BI) Partner: Important Contributor In Your BI Success

BI is a game changer for any organization looking to solve business problems through data. With technology that transforms your raw data into data insights the business leaders are able to make timely and informed decisions based on the real time data. The ability to see a 360-degree view of your business health at any time is a smart way to build an edge over your competition.

BI is an extensive process of converting your unstructured data from disparate data sources into a structured data layout with trusted KPIs and visualizations. The BI process begins with defining a BI vision asking yourself what business questions are you trying to answer. The next steps include selecting the right BI platform to meet your current and future business needs; designing a roadmap on how you get there and choosing a partner to help planning and execution towards successful BI implementation and assisting in driving a data culture within the organization with key stakeholders driving BI adoption.

Gartner research states 70-80 percent of BI initiatives fail due to a number of reasons from out dated technology, lack of understanding of scope, lack of skilled resources to lack of business engagement. Successful BI initiatives require investment in time, technology and resources; projects fail as much of it falls on already thinly stretched internal resources hence, more and more companies are turning to external experts to drive successful BI implementation and strategy.

However, finding the right BI partner is a daunting task. With many consulting companies promising the same results, it is important to engage a trustworthy and dependable partner who will take the time to develop a deep understanding of your business environment, desired results and restrictions before developing a strategic roadmap to get you there.

Some useful tips to select the right BI partner to smoothen your BI journey are:

Domain Expertise

A BI partner who employs experts with a background in data science can turn numbers into information. An ideal data scientist possesses skills and knowledge in computer science, programming, statistics and computer languages to understand the connectors and Application Programming Interface (APIs) required to integrate data from disparate data sources. The transition from data analysts to data engineers to data scientists is driving the transition from traditional to modern BI.

Technical Knowledge

A BI solution provider with strong technical background on both traditional and modern BI tools can help you select the right BI tool to suit your current and futuristic data needs. There is a plethora of BI platforms available today, making the selection process harder. But selecting a BI platform that fits your business or industry specific KPIs to show the real business health is extremely important. Investment into a wrong BI platform can cost a lot more than the license fees, it will also mean an opportunity loss to transform the way you run your business.

Understands Your Business

The right partner is the one who is committed to understand the pulse of your business, current business challenges, the industry you operate in, and your BI vision, can ensure your BI success. A responsible BI partner will help you identify how BI can truly impact your bottom line and the right metrics to measure your business KPIs, to get you answers to critical business questions.

End-to-End Solution Provider

A full-service agency that provides an end-to-end BI solution including licensing, consulting and implementation can save you cost, time and efforts versus hiring multiple agencies for individual requirements. Also, evaluate the cost-effectiveness of bringing in a BI partner in terms of hardware, software and resource related expenses you will incur in implementing and maintaining BI in-house versus outsourcing the job to the BI partner with end-to-end BI capabilities. A one-stop BI solution provider can not only fasten the process, but also provide support and maintenance services post implementation, helping you realize the value in your investment much faster.

Speedy Implementation

In SaaS (Software as a Service), the length of time it takes to realize value from a service is high as it can take months to implement a solution, if done right. Quicker implementations allow faster benefits as you identify issues and opportunities uncovered through the real time analytics dashboards. A BI implementation partner with the right experience and expertise can reduce the deployment timeline to weeks rather than months, and is worth exploring.

Customer Testimonials

Testimonials is a fair way to check the credibility of a BI partner. Understand the scale, industry, geography of customers served by the BI partner to evaluate if they have sufficient experience and skills to manage your business. Customers are the best story tellers of the solution provider’s efficiency in problem solving, work ethics and dependability in meeting timelines. It doesn’t harm to call up a few of them to gather some first-hand information on your prospective BI partner.

It is important to carefully evaluate the pros and cons of engaging a BI solution provider versus implementing and maintaining BI in-house with limited resources and essential skills. A good BI partner can ensure your BI success by handholding you throughout your BI journey not only until implementation but post implementation too in managing change and helping you improve BI adoption among the stakeholders.

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diacto2022 · 2 years

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BI Adoption By Stakeholders

Stakeholder Involvement: An underrated factor in the BI success journey

Business Intelligence (BI) is a complex journey that begins with a BI vision aligned with long-term business goals and objectives. Careful planning, close monitoring and flawless execution targeted at successful BI implementation take a significant share of the limelight in this process. However, what is often overlooked in this BI journey is – stakeholder involvement. Business Intelligence is only half served if there is apprehension amongst the stakeholders about the change it brings about. Therefore, driving change or better known as change management is amongst the key success metrics in BI lifecycle for any organization.

In the process of BI implementation, the real success comes from an active involvement of users across the chain of command. The user involvement can be enabled if they are engaged right from the beginning of the process and are well apprised of the positive impact of BI in their day-to-day decision making. This engagement enhances BI adoption amongst stakeholders by many folds. Organizations can improve BI adoption by stakeholders with a few tips listed below:

Promote Data Culture

Organization culture flows from top to bottom. If top-line executives believe in and demonstrate data driven culture, the organization from ground-up will communicate in the same language. Setting an expectation across the organization for everyday business decisions to be driven by data, leads to building a strong data culture. Also, potential ROI associated with the BI investment makes top-line executives as keen promotors of the change.

Assigning an executive sponsor who believes in the power of BI drives the BI adoption faster. Stakeholders at ground level will care about adopting a new technology only when their supervisors educate them about the need of this change and why it matters. However, the supervisors will drive the change only when they themselves see the initiative aligned to their teams’ KPIs, being able to get insights from BI to address business challenges they have been facing in their day-to-day operations.

Communicate and Reward

Stakeholders must be clearly communicated how BI can help achieving the business goals and objectives. Stakeholders can also be incentivized for adopting data driven problem solving and decision making, promoting the adoption of BI within the organization, considering the sensitivity of change and possible hesitancy from users. How the BI initiative will be measured, tracked and rewarded helps in stakeholder buy-in as they feel motivated to adopt it for achieving their day-to-day goals. Sharing a roll out plan, reports on the progress, apprising them of the business challenges and achievement of goals with the help of BI, promotes a feeling of ownership among the employees.

Everyone’s piece in the pie

While larger business goals are crucial, employees are primarily interested in knowing “What’s in it for me?” To get stakeholder buy-in, it is important to communicate how the change will contribute to achieving their specific KPIs. Everyone should know how this change will help in their work. Providing users with how the change has specific alignment to their job efforts allows them to invest their time in understanding the new technology. Transparency goes a long way. Candidly communicating the short-term pain versus the long-term gain makes the users focus on a bigger picture.

Equipping the stakeholders with skills

On one end change management begins with ensuring everyone understands the business-driven outcome aligned with the BI initiative but on the other end it is complete only when it is adopted as a daily practice. One way to ease out the change is if the stakeholders impacted by the change are imparted proper training to improve their technical knowledge and practical experience with the BI tool before being expected to produce results. Using appropriate and periodic training strategy and allocating adequate resources to upskill the users significantly improves stakeholders’ learning and adoption graph.

Data Accessibility

Stakeholders can meet the expectation of making data driven decisions only when end-to-end data sources are integrated with the BI tool. Removing barriers to fully leveraging the data contained originally in silos, allows the BI platform to integrate and transform data into actionable insights. Only then BI will present a true health of the business and stakeholders will consider it as a ‘single source of truth’.

Self-Service BI platform

The chances of BI adoption by stakeholders increases many-fold if the platform being implemented has ease of use even for those who do not have experience of working with data or are not technically savvy. Self-service BI tool makes every user master of his or her own dashboards. Users can customize the dashboards as per their ad hoc business requirements, minimizing dependency on IT and long waiting periods for results. Also, data is updated into self-service BI platforms in near real time removing the possibility of missing out on important details that might impact insights while making decisions.

Convenience, transparency, faster turnaround and more informed decision-making capability makes for a good case for stakeholders to lean towards Business Intelligence as a strategic business tool.

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