A pillar of 3rd-Generation BI, “Democratization of Data,” is the critical first step in maximizing the value of your BI solution. But, this means more than just simply opening up the information floodgates. That is not a formula for success. There are several important things to consider when democratizing data throughout your organization. I’ve outlined five of those key considerations below.

Over the course of my career in Financial Services, I have struggled with how few options I really had when it came to delivering the right information, to the right people, at the right time. It sounds sort of ridiculous considering how much time, money and effort the firms, for which I worked, spent on data warehouses, reporting systems, business intelligence tools and advanced analytics.

I’m excited to share today that we announced the acquisition of RoxAI and its Ping intelligent alerting software at our 2020 sales kickoff. This is becoming an exciting annual tradition – last year we similarly announced from the SKO stage our intent to acquire Crunch Data, which has been rebranded as Insight Bot. Like that announcement, RoxAI and Ping will help increase the value of data through insights delivered to users where they work.

There is TED talk by Malcolm Gladwell during which Gladwell discusses the fact that we were actually better off when we only had two kinds of spaghetti sauce to choose from. Today, we stand in supermarket aisles in confusion amid so much more choice.

Back in my college years, I used to listen a lot to the English rock band The Sisters of Mercy. One of my favourite songs is called “More” from the album “Vision Thing.” Singer-songwriter Andrew Eldritch wrote the track around love, lust and broken relationships; his brooding tones repeatedly hammers out the demanding line “I want more” – a line which rings true today for our never-ending lust for data.

For this post, I’ll once again show you a chart that you may or may not be familiar with, as it’s not one of the most common. But, if you know how to use it, you may consider removing all the gauge charts you have in your dashboard. Therefore, let’s talk about the bullet chart.