By Chris Gallagher
Business Intelligence (BI) is not a new concept in itself. However, whereas the systems through which BI could be accessed, managed, and interpreted before could be quite difficult for all users to understand, self-service business intelligence is much easier for all involved. Self-service BI enables users to access and explore data without prior experience navigating it.
Whereas knowledge in tools such as data mining and statistical analysis was crucial for optimal interpretation of BI before, self-service takes the extra legwork out of the equation. As a senior BI architect and an innovator in business intelligence for decades, Sreenivasarao Amirineni has excellent experience and expertise in these programmes.
Sreenivasarao Amirineni‘s Vision for Self-Service BI
The top priority of implementing self-service BI is to drive more informed decision-making that results in much more positive outcomes for the business. Through self-service BI, companies hope to assist those making the decisions and afford them all that available information in the most digestible and helpful way possible.
As Sreenivasarao says, “Part of my tenure at Safeguard Products International LLC, my primary objective and time was dedicated to building data platforms either on-premises or cloud-based migration over the last ten years. However, I spent a lot more time in data specific to Safeguard’s business that comprised rate system and risk teams to determine the risk elements during new product creation.”
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The Benefits of BI
In this way, these BI capabilities, which Sreenivasarao implemented, have greatly assisted in critically evaluating and analyzing business decisions that account for all the variables. While users still have business knowledge and experience to know what questions to prompt the BI and how to execute them according to the responses, self-service BI has become a crucial tool.
Not unlike the data engineering of automotive production, which Sreenivasarao has also played a vital role in during his time at Safeguard Products LLC (which allows automotive designers to test variables of a car before building analytically), self-service BI will enable businesses to test their own decisions before making them.
Self-service BI has helped Safeguard and numerous other companies by reducing costs, increasing agility, and empowering non-technical users. In this way, self-service BI plays a critical role in keeping all of the members of a company’s top executives on the same fundamental page, with easy access to the same information and analysis from the BI.
Automating Customer Service
In speaking of the positive impacts that self-service BI has had on these businesses, Sreenivasarao says, “With these new initiatives, the human dependencies of call centre teams to attend customer calls reduced 10%, and it is estimated to save $1M on yearly resource costs.
The in-house algorithms developed by machine learning techniques offer decent value in terms of flagging the suspected properties of claims received rather than approval, bringing the loss ratio of tire and wheel products to around 95% from a high of 100%.”
Future Outlook for Self-Service BI
The field will evolve even further as technology progresses, embracing AI and BI in equal measure. For his part, Sreenivasarao Amirineni is immensely “excited” to see what new opportunities this new world of technical innovation can afford industries at large. His continuous efforts in enhancing self-service BI platforms demonstrate his commitment to driving business intelligence forward, ensuring that businesses can make more informed decisions with greater ease and efficiency.
