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If you want to know whether Business Intelligence can help a small business, read this first: Link

You are convinced that your business will benefit from Data Science, but don’t know what you can do about it. You can setup data reporting for your organization in no time, with little help. How? This post will guide you.

Data Input → Data Storage → Data Processing → Data Analysis & Reporting

Let’s see how you can replicate this journey in your organization.

Data Collection/Input

To make data useful for your organization, you need to first ensure that you are collecting enough data through various specialised tools or customised data entry forms. Typically, you will have to setup the following to collect organization data and automate processes:

  • Accounting Software (Tally type software useful for creating accounting charts, ledgers, and balances.)
  • ERP (For recording Sales, Purchases, Production, Operations data.
  • Sales CRM – For keeping records of new leads and how the sales process is being managed. Freshsales / Hubspot CRM / Salesforce
  • Google Sheets – to keep organizational records which otherwise can’t be recorded in existing softwares.

Data Storage/Processing

Usually, these softwares have their own databases, therefore, your data will be well organised. However, you can also setup a MySQL DB to collect and store information from various sources. MySQL DB will allow any analyst to write SQL queries to create any type of reports.

For Data Processing purpose, there are many open source ETL (Extract Transform Load) tools and data science platform such as Pentaho, KNIME, Dataiku, etc. These tools help when you are handling multiple data sources and you need to create data flows which bring 2-3 data sources together. However, such advanced reporting come in play, only if the data is stored in various DBs and can’t be used for analysis.

Data Analysis, Reporting, Alerts

Typically, you need an analyst to create reports, analysis and alerts. However, if you or someone on your team learn a self-service BI tool such as Tableau, Domo, Data Studio, PowerBI, QlikSense, which are good enough tools for creating internal reports and alerts quickly. Also, this would not require any coding experience.

If you are acquainted with setting up open source systems, you can also try Metabase, Redash or Superset for your needs.

Hope this helps you understand what all you need to do to setup BI in your organization. If you still wonder, how you can setup.

Setup a free consultation with our BI experts.

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