It’s no secret: data is growing, fast-moving and varied. Cloud, mobile and social events—not just transactions—are energising businesses across various industries and present an enormous opportunity to make organisations more agile, efficient and more competitive—if they can act fast enough.
IBM Planning Analytics has a customisable workspace that can be implemented to cost centre owners and business managers. It delivers a single, constant view of KPIs and allows users to assess plans, discover performance gaps and diagnose the root causes of issues. Users can test business assumptions and scenarios, and immediately see the financial impact of alternative courses of action.
Business Analytics solutions allows organisations to identify and visualise trends and patterns in areas, such as consumer analytics, that can have a profound effect on business performance. They can compare scenarios, anticipate potential threats and opportunities, better plan, budget and forecast resources, balance risks against expected returns and work to meet regulatory requirements. By making analytics widely available, businesses can align tactical and strategic decision-making to achieve business goals.
Now IBM Planning Analytics simplifies the maintenance and administration of planning models and scenario-based hierarchies. This functionality allows you to model attributes and drill on those attributes as if they were a dimension, but without having to create a new dimension or add elements to the hierarchy. The result is a more efficient database that allows more detailed analysis—a particularly useful capability for retailers, for example.
Its distributed administration allows all geographies and departments to participate in a well-managed, collaborative procedure. Now this results in a more reliable, progressive view of business structures such as product families and sales territories. It also helps define targets for use in planning and forecasting as well as in profit and growth initiatives.
Look beyond what you know, without bias. Uncover patterns based on algorithms (not human opinion) to find the real drivers. Learn more about IBM Planning Analytics by exploring our solution brief today: https://enterprise-software.co.uk/resources/planning-budgeting-and-forecasting-software-selection-guide/