Business intelligence tools empower organizations to retrieve, process, transform, and report their data in productive, usable forms, powerful enough to revolutionize the way they do business. Simply stated, these intuitive tools can make your information work for you.
How can you truly reap the benefits of business intelligence tools for your organization?
Choose the correct tools.
The power of business intelligence tools appears when we transform static data. We transform static data by selecting tools that present “cause-and-effect” results.
With intuitive reports, restaurant operators are able to create reports and visualizations that can answer their specific questions. Users can customize their view, truly making the data work for them.
With an easy-to-use drag and drop interface, operators can quickly make useful reports. They can customize columns, labels, and formatting from one easy-to-access central location. They can add rules and thresholds for exception, making management reporting a much easier task.
Avoid information overload.
Business intelligence tools can be addicting. This means that sometimes we need to resist the temptation to produce so much data that real knowledge of critical issues is difficult to discern. Don’t get caught in the trap over over-analysis. Put your data to work for you.
Look beyond just reducing costs.
Business intelligence software is not merely a tool for reducing food costs, but also for better managing specific problems and keeping food costs down despite a rise in commodity prices. For example, if we see that something is ‘off’ in one store’s use of cheddar cheese, we can tell store management to look at the cheddar cheese issue, not the dairy issue as a whole.
Use it to understand your customers.
Business intelligence software can also be used to understand restaurant customers. One of the goals of is to gather information from every step of the guest experience and use it to make better management decisions.
You can now track and identify cashiers that are exhibiting behavior that provides inadequate customer experience. Utilizing a transactional analysis solution, restaurant operators are able to immediately reduce or eliminate unwanted occurrences of transactions that negatively affect their customer’s experience, such as, voided tickets, line items corrections, and more.
Maximize your return on investment.
Use scorecard and benchmarking tools to significantly improve the profitability of your organization. With consistent and accurate financial benchmarking information, can now rapidly pinpoint areas for improvement on specific P&L items on a store-by-store basis.
With these 5 simple tips, you will quickly see for yourself the undeniable value of intuitive business intelligence tools.
Tell us how you use your business intelligence software in the comments below.