Introduction
NetSuite Analytics Warehouse is a cloud-based tool designed for NetSuite users. It brings together business data, analytics, and prebuilt AI and machine learning models for deeper insights and faster decision-making. Powered by Oracle Analytics Cloud and the Oracle Autonomous Data Warehouse, it allows users to load data and create their own analyses and visualizations without IT support.
A Summary of NSAW’s Benefits
NetSuite Analytics Warehouse has the potential to revolutionize the way your business captures and leverages data. Before we dive into the details, here is a high-level summary of the benefits NSAW can bring to your organization:
Benefit No. 1 - Seamless Integration with NetSuite
NSAW is designed to integrate with NetSuite, which allows for easy, secure access to your business and financial data, ensuring that your analytics are based on accurate and up-to-date information.
Benefit No. 2 - Self-Service Analytics
NSAW empowers business professionals to independently load data, build analyses, and create visualizations without relying on IT support, thereby reducing dependence on technical resources and accelerating time-to-insight.
Benefit No. 3 - Prebuilt AI and Machine Learning Models
The prebuilt AI and machine learning models that come with NSAW allow users to leverage advanced analytics capabilities without requiring specialized data science expertise.
Benefit No. 4 - Deeper Insights
NSAW enables businesses to gain deeper insights into their data through advanced analytics and visualization tools that are designed with end-users in mind. These tools empower decision-makers to draw insights from a deeper understanding of the underlying data.
Benefit No. 5 - Accelerated Decision-Making
By providing actionable insights in real-time, NSAW facilitates faster decision-making, which enables organizations to respond swiftly to changing market conditions and emerging opportunities.
Benefit No. 6 - Powered by Oracle Autonomous Data Warehouse
Leveraging Oracle’s Autonomous Data Warehouse ensures high performance, reliability, and security, providing a robust foundation fro data storage and analytics operations that your business can trust.
Let’s dive deeper into a few of these benefits to give you an overview of how transformative NSAW will be for your business.
Seamless Integration with NetSuite
Integrating NetSuite Analytics Warehouse with your NetSuite environment is straightforward and can be achieved in a few simple steps.
Begin by defining the initial extract date and currency to match your business data. Next, select your subsidiary and establish your fiscal calendar within the NSAW Data Transfer Setup.
Once the initial setup is complete, enable the desired functional areas such as Bank, Employee Expenses, Financials, Inventory, and more for data transfer. Each section comes with a 'Transfer Data' button, simplifying the management and updating of your data synchronization as needed. It's essential to monitor the 'Last Transfer' timestamps to ensure that your data remains current.
With this streamlined setup, NSAW delivers a cohesive data extract, guaranteeing accurate analytics that align precisely with your business timeline and operational scope.
Self-Service Analytics
NetSuite Analytics Warehouse provides a suite of prebuilt dashboards, enabling businesses to quickly access and analyze their data without complex setup processes. These dashboards cover various business functions, such as financials, sales, inventory, and customer engagement, allowing for immediate insights and data-driven decision-making.
The ease of use with NSAW's prebuilt dashboards is designed for efficiency. Users can select and implement a dashboard that suits their needs and start analyzing their business data immediately. The simplicity of these dashboards lowers the barriers to entry for analytics, making it possible for team members with varying levels of technical expertise to utilize advanced data tools.
These dashboards are not only ready to use, but also customizable. Businesses can tailor them to better fit their specific requirements or expand them to accommodate growing data sets. Real-time data integration means that decision-making is informed by the most current data available, providing a competitive edge in responsiveness and strategic planning.
Prebuilt AI and Machine Learning Models
In the realm of analytics, NetSuite Analytics Warehouse stands out with its prebuilt AI and machine learning models, making advanced data science accessible to all. The screenshot illustrates the ease of setting up a sophisticated ML forecast, with just a few clicks needed to engage the powerful Seasonal autoregressive integrated moving average (ARIMA) model. By simplifying what once required specialized expertise, NSAW opens the door to predictive insights that were previously out of reach for many businesses. This streamlined approach means that any team member can now forecast trends, anticipate market changes, and make data-driven decisions confidently and efficiently.
Conclusion
NetSuite Analytics Warehouse will be a game-changer for any business using NetSuite that would like real-time access to data and insights. Once properly implemented, it gives your team the data they need when they need it, without having to invest heavily in building your own data infrastructure.
Our team at Sky High ERP can help you explore NetSuite Analytics Warehouse and develop a strategy to implement it so you see immediate rewards within your business.
Follow this link to book a free strategy call with our experts today.
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