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How can business intelligence and analytics platforms reduce IT Consulting costs?

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Business intelligence (BI) and analytics platforms are software tools that help organizations collect, process, visualize, and analyze data from various sources. They can help improve decision-making, performance, efficiency, and innovation. But how can they also reduce IT consulting costs? In this article, we will explore some of the ways that BI and analytics platforms can help you save money on IT consulting services.

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Valeriana Colón, Ph.D.

Learning Scientist | Connection Centered IT Consulting
Giuseppe Sanero

?Independent IT Consultant & IT Architect | ??Mycologist no. 3359 of the Italian Register | ??Bureaucrat of Wikipedia…

1 Reduce reliance on external consultants

One of the main benefits of BI and analytics platforms is that they can empower your internal staff to perform data-related tasks without relying on external consultants. For example, you can use self-service BI tools to create reports, dashboards, and charts without coding or technical skills. You can also use data integration and preparation tools to connect, clean, and transform data from different sources without hiring data engineers. This way, you can reduce the fees and overheads associated with hiring and managing external consultants.

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Volkan Türky?lmaz

Digital Transformation & IT Manager
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Opportunity of individual development. power users can design their reports from BI Pool. This can reduce the consultancy costs. When you provide the data model to an average user, they can develop their own dashboards.

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2 Optimize project scope and duration

Another way that BI and analytics platforms can help you reduce IT consulting costs is by helping you optimize the scope and duration of your projects. For example, you can use BI and analytics platforms to define clear and realistic objectives, milestones, and deliverables for your projects. You can also use them to monitor and measure the progress, quality, and impact of your projects. This way, you can avoid scope creep, delays, and rework that can increase the costs and risks of your projects.

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Volkan Türky?lmaz

Digital Transformation & IT Manager
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In new generation BI tools, analyzes are more understandable and faster. Since this analysis to product time is reduced, you can catch savings in consultancy costs.

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3 Enhance collaboration and communication

A third way that BI and analytics platforms can help you reduce IT consulting costs is by enhancing the collaboration and communication between your internal and external stakeholders. For example, you can use BI and analytics platforms to share data, insights, and feedback across your organization and with your consultants. You can also use them to create interactive and engaging presentations and reports that can communicate your findings and recommendations more effectively. This way, you can improve the alignment, trust, and satisfaction between your team and your consultants.

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Muhammad Wasif Ali

C.E.O CRYMZEE Networks | Staff Augmentation | B2B & B2C/D2C Mobile & Web Apps | Artificial Intelligence | UX/UI Research | Product/Project Management | Open for Business Collaborations | 15K+ Coding Hours
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Incorporating my extensive 7-8 years of IT industry experience, I highlight the importance of enhancing collaboration and communication through business intelligence and analytics platforms to reduce IT consulting costs effectively. These platforms foster real-time collaboration among IT teams, consultants, and stakeholders, streamlining workflows and ensuring everyone is aligned with project objectives. Improved communication channels enable swift resolution of issues, preventing costly delays and misunderstandings. Additionally, centralized dashboards and reporting tools facilitate transparent communication of project progress and key metrics, allowing stakeholders to make informed decisions promptly.

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Volkan Türky?lmaz

Digital Transformation & IT Manager
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New BI tools do not provide one-sided reporting. It has interaction capabilities such as tagging users, sharing part of the report, and sharing into presentations and web pages. Thus, both SSOT reporting is done with a single report and repetitive report development costs are reduced.

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4 Leverage cloud-based solutions

A fourth way that BI and analytics platforms can help you reduce IT consulting costs is by leveraging cloud-based solutions. Cloud-based BI and analytics platforms are hosted and managed by third-party providers, which means that you don't have to invest in hardware, software, maintenance, or security. You can also access them from anywhere, anytime, and on any device, which means that you don't have to depend on physical infrastructure or location. This way, you can save money on IT consulting costs related to installation, configuration, integration, or support.

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Volkan Türky?lmaz

Digital Transformation & IT Manager
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The workload of the local/internal IT team gets much lighter in the cloud systems, . It is useful to use such a talented intellectual asset for higher quality work.

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5 Increase return on investment

A fifth way that BI and analytics platforms can help you reduce IT consulting costs is by increasing your return on investment (ROI). BI and analytics platforms can help you generate value from your data by improving your business outcomes, such as revenue, profitability, customer satisfaction, or innovation. They can also help you identify and eliminate inefficiencies, errors, or waste in your processes, operations, or products. This way, you can increase your ROI from your IT consulting projects and justify your spending.

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Valeriana Colón, Ph.D.

Learning Scientist | Connection Centered IT Consulting
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By identifying patterns and trends in operational data, companies can optimize processes, reduce waste, and target profitable customer segments more effectively. This leads to enhanced productivity and cost savings. One thing I've found helpful is using these insights to advise clients on strategic investments and operational improvements, demonstrating clear value from consulting services. A mistake to avoid is implementing business intelligence and analytics platforms without a clear strategy or failing to integrate them with existing business processes. This can result in underutilized technology investments, diminishing the potential ROI.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Giuseppe Sanero

?Independent IT Consultant & IT Architect | ??Mycologist no. 3359 of the Italian Register | ??Bureaucrat of Wikipedia in Piedmontese
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Business intelligence and analytics platforms can reduce IT consulting costs in several ways. I would say that first of all they allow you to identify inefficiencies and savings opportunities. In fact, business intelligence platforms provide in-depth visibility into company data, allowing IT consultants to identify inefficiencies in business processes and savings opportunities. This can include optimizing processes, reducing waste and negotiating more advantageous contracts with IT service providers.

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How can business intelligence and analytics platforms reduce IT Consulting costs?

1

2

3

4

5

6

1 Reduce reliance on external consultants

2 Optimize project scope and duration

3 Enhance collaboration and communication

4 Leverage cloud-based solutions

5 Increase return on investment

6 Here’s what else to consider

IT Consulting

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How can business intelligence and analytics platforms reduce IT Consulting costs?

1

2

3

4

5

6

1 Reduce reliance on external consultants

2 Optimize project scope and duration

3 Enhance collaboration and communication

4 Leverage cloud-based solutions

5 Increase return on investment

6 Here’s what else to consider

IT Consulting

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