The term “Business Intelligence” can sound daunting to many business leaders, with complex, expensive, and technological aspects often coming to mind. However, a BI implementation can be quick and straightforward while delivering crucial insights if approached with the right mindset. In the localization industry, BI implementations do not need to be complex and can provide transparency, a “single source of truth,” effective means of pinpointing potential issues and root causes, and the ability to track changes and improvements quickly.
A BI system provides improved insight into business and management information that can help effectively steer the business and identify key trends early on. However, transparency requires a supporting business culture where issues and findings can be discussed openly in search of improvements.
A good implementation strategy for BI in the localization industry involves taking it in stages, aiming for low-hanging fruit, evolving as you go, and ensuring you have the right partner. Starting small and defining the project as a process increases the chances of success, and selecting a group of key business questions and a coalition of the willing to improve provides a good foundation. Evolving as you go and adding new sources and reports quickly is beneficial, and having the right partner who understands the business and can provide guidance is crucial.
At Loquell, we have developed Business iQ as a simple yet effective Business Intelligence solution focused on the localization industry. It is provided as a service to get started quickly. If you feel that you could benefit from additional insight into your business, do not hesitate to talk to us.