Data & Analytics (D&A) uses software and services to generate data insights that help companies make strategic decisions. Tools such as Microsoft's Power BI analyze all types of data sets and display the results as reports, dashboards, charts, graphs or heat maps. With the right tools, these analyses provide insights into the current state of the business and give companies a significant competitive advantage by providing a sound basis for decision-making in real time. 

Reporting is the foundation of Data & Analytics (D&A). Reports cannot predict the outcome of a decision, but D&A provides the ability to look at data for development and trends to use as a basis for decisions in the right direction.  

The dashboard acts as an important "hub" for the entire D&A service. Visualize analytics and put a face to them. Dashboards gather all information and data in one place to reflect current business values in charts and tables. Dashboards make data and analytics specific and available to businesses to optimize processes and identify trends and developments. 

With the help of D&A services, industrial companies, for example, can find out where supply chain bottlenecks and delays occur and how they can optimize the supply chain. The company knows exactly which products, distribution channels, shipping routes, warehouses are affected and to what extent. With the help of D&A, resources are ultimately saved and costs through process optimization. 

Until now, D&A was the preserve of experts. But that has changed thanks to the new user-friendly tools. Thanks to the simple operation and presentation, all employees and company divisions can now use D&A as a basis for decision-making. 

Yet many companies still struggle to use their data correctly. This is mainly due to poor data management and a lack of foresight for the enormous potential that lies in master data. Today, however, there is no way around D&A if you want to survive in the fast-moving market environment in the longer term. 

Companies that want to be successful today must continuously develop and optimize their processes and workflows in order to meet the constantly changing demands of the market and remain competitive.
You need reliable information about the current status of your company as well as market trends and developments. Only those who can make quick decisions have a decisive competitive advantage over their competitors.
D&A helps companies to gain this basis for decision-making in real time, to meet constantly changing requirements, to continuously increase sales and to ensure the satisfaction of all stakeholders. 

The selection process includes the following: 

• Capture and prioritize business requirements
• Compile the required functions
• Determine the type of software to purchase
• Evaluate available products

Ultimately, the goal is to ensure that the tools you purchase are appropriate for your BI and analytics application. If you don't make an informed decision, the expected success and business value of your D&A application are not guaranteed. The foundation of the selection process is defining the scope of the D&A project. This includes, for example, determining how many employees will use the software and what data they will need to access. The initial implementation and budget for future maintenance and expansion of the D&A system are also important factors.  

• Faster response times: In-memory analytics with a cloud-based data warehouse solution that analyzes data in real time and delivers real-time insights in minutes.  
• Better business decisions: D&A extracts facts and transforms data into meaningful and reliable information.  
• Increased operational efficiency: D&A makes the interrelationships between different areas of the company more transparent. This enables you to identify and correct problems and inefficiencies more quickly.  
• Higher ROI: D&A helps identify the resources needed to achieve goals, increase productivity through rapid data analysis, and develop new revenue streams. 
• Faster reporting: enables real-time reporting with modern and accurate data sets that provide a competitive advantage in solving complex business problems. 
• Precision Strategies: D&A helps identify trends and patterns in key data. This is a good way to prioritize and allocate resources to achieve desired results. 
• Customer Satisfaction: D&A provides data on KPIs that improve key business functions (product or service optimization, faster time to market) to increase customer satisfaction (CSAT).

There are many D&A systems and tools on the market. We recommend Microsoft Power BI to our customers. Power BI is a self-service BI platform that is updated monthly with new features. 

Do you need a partner who can extract real information from unstructured data from different sources? Are you designing management information systems (MIS) and looking for a specific reporting and analysis solution or simply a self-service D&A solution? With D&A, all areas from management to finance, market research and sales, production and logistics to external partners and customers have access to valuable information and decision-making tools. Whether it's Big Data, dashboards or predictive analytics, Advellence offers D&A solutions that range from requirements to the concept of a good system architecture to the finished, technical solution. We have extensive industry experience in various areas of responsibility. The scope ranges from planning, reporting, integration and analysis to business performance management. Whether an enterprise-wide solution or self-service D&A: Advellence develops individual applications based on proven standard software.