If you’re considering incorporating Business Intelligence tools in your business, you will have the option of using traditional software that is installed onto each device or web-based applications. Below we make the case for web based BI applications and show how they can help you save money.
Reduced hardware requirements
Traditional software must be installed on each and every device. If your current hardware does not support the software of your choice, you may have to invest in new hardware. You may also need additional hardware to support in-house data storage. Investing in hardware is not only expensive upfront but also in the long term as it increases the energy requirements of your facility.
Web based applications run from a host server and can be accessed in a browser. There are therefore no additional hardware requirements. You will also have the option for off-site storage of data on a remote server. This will save you money in initial costs as well as in the long term.
Less downtime
Downtime in operations can cost businesses a lot of money. If you’ve opted for traditional software you may experience longer downtime. This is especially the case when you experience an issue that requires the attention of an expert. You would need to have them come in and diagnose the problem and provide a solution. This is time consuming and expensive.
Web-based systems are constantly monitored by the software providers. They will identify issues such as bugs and fix them remotely. You also have access to support 24/7. You can contact the software provider with any issues you are experiencing and they can assist you remotely. Downtime is greatly reduced and the cost of maintenance, upgrades and fixes is minimal.
Increased efficiency
Sharing data on web-based solutions is easier. These applications can be accessed from any device at any time and from any geographic location. Your team will not waste time waiting for reports to be generated and submitted. It will be easier for different teams or sections to collaborate. This will improve productivity and lower costs.