The Role of Data Storytelling in ERP Systems and SAP Business One for Iraqi Companies

Data together with the use of ERP systems such as SAP Business One are key to the more efficient utilization of resources and making decisions based on the making meaning of the surrounding environment. However, the number of operations and complexity of the data associated with Data analysis makes implementation of decisions highly cumbersome. In this regard, Data storytelling, which is simply the art of turning complex data insights into simple stories, has found its place in business in Iraq looking to maximizing on Data analysis for superiority. For organizations in Iraq targeting ERP optimization, Data storytelling would be helpful in providing context, enabling better judgment and driving action from the Data.

So what exactly is Data Storytelling?

Data storytelling is best defined as the combination of visualization and narratives to make people understand the insights and work on the data. Instead of metric discussions trying to deal with multiple cross cutting tables, large diagrams or reports, data storytelling focuses on key areas providing animated infographics and diagrams making difficult figures easy to digest. An example could be drawing a trendline over a scatter plot and providing an explanation around the relevant data points, this tells an intuitive story. Business dot com What does this tell about the reconnections of business teams? Whereas telling the data side explains the significance every dot has in making business judgments, data points for that matter.

Importance of Data Stories in ERP Systems

Data from enterprise resource planning systems (ERP) is a fount of knowledge as it consolidates data from different subsidiaries such as finance, HR departments, inventory, sales, among others. Importantly, however, is that analyzing the ERP data in order to derive insights is never an easy task. That’s where the art behind data stories comes in. It allows the integration of ERP data into a narrative form giving the end users the ability to not only look for patterns but in addition to that gaps in the performance and even the relationship between various metrics and variables.

For example, rather than providing a plain report about total inventories, it would be far better to combine a storytelling approach by offering a brief report with images of the total amount of goods available, top sales, and goods that needed restocking. This format is much easier, and the upper management is empowered to act instantly without needing great data analysis know how.

How Data Storytelling Works With SAP Business One

Businesses should know that SAP Business One is an advanced ERP solution that can be leveraged with several data storytelling tools such as visualizations and reporting tools. The platform also provides personalized dashboards that enhance interactivity. In addition, SAP Business One provides real time reporting and intuitive visuals that allow users to interpret information in a way that will satisfy the goals and vision of the organization.

In Iraq, which is experiencing a digital transformation, the SAP Business One’s narrative functionality comes handy. With the ERP solution now in use, Iraqi firms are able to conceptualize intricate data, carry out split-second modifications and foresee prospective problems a step ahead. For instance, with the dual-functional capabilities of SAP Business One, decision makers are able to gain insights into their operations through KPIs such as dashboards on revenues, cash flow, and expenses, streamlined and analyzed to facilitate quick databased decision-making which enhances both business and growth strategies.

Data Storytelling as a growth factor in erp

As stated by women beaters in the media, the future of data as applied within the context of the epr systems appears encouraging as these are likely to be the case in next few years by 2025, three quarters of all data will be told not shown. As ERP software systems are upgraded to suit such a scenario, data storytelling will be one of the prerequisites in assisting the team to focus on the relevant insight for the intended business strategy. More sophisticated narrative features within ERP systems will help organisations to realize greater amount of their information across a wider range of activities including business process improvement and the level of customers satisfaction.

Investing in ERP systems that have storytelling capabilities such as SAP Business One is for Iraqi companies a business practice, and not a trend. Companies are already beginning to understand advantages of telling data and clients’ stories as a means of improving decision-making, strategizing, and becoming competitive in a digital economy.

Conclusion

Although data storytelling is still a novel idea for those in the business of interpreting and telling raw ERP data, it allows organizations to best appreciate their data concerning its application. And including storytelling features of data interpretation in SAP Business One, Iraqi firms are able to change their data to insight that will work for them, thus making it very important in a business environment. In that case, data storytelling enables companies make sense and derive value of the entire operational data captured in the ERP, therefore enabling them make decisions quickly and effectively.

SAP Business One offers a wide range of features that make it an essential tool for small to midsize businesses. From its core functionalities to the latest enhancements in version 10, it streamlines operations and provides valuable insights. Almawsua, as a trusted SAP Partner in Iraq, ensures that businesses get the most out of their SAP Business One investment. Contact Almawsua for more information and a consultation to see how SAP Business One can benefit your business.