New Microsoft Dynamics AX Business Intelligence Just Got Smarter
In any business management system, optimal use of data is a key element.
As long as the data is not organized, analyzed and accessed properly to give insights that enable smarter business decisions, it is of no use. The mere quantum of data does not matter much, what matters is how well it is analyzed and used for business decisions.
The New Microsoft Dynamics AX Business Intelligence Just Got Smarter
The new Microsoft Dynamics AX / AX 7 makes this task much simpler by adding a whole new dimension to business intelligence. This new AX had been redesigned to embed Power BI as its native business intelligence tool.
To channel Power BI, Azure SQL and Power BI teams have implemented in-memory BI. The biggest benefit of sharing Power BI engine is that it removes performance problems in the process of getting query answers with real time data. This gives businesses ability to utilize real time analytics instead of last quarter or month’s business data.
Businesses can also access the full power of BI without exiting Dynamics AX application to use a different analytics tool. It makes things much easier for the users, as they can simply create data analytics within the Dynamics AX application and explore and navigate the data with rich navigational tools. The analytics to drill down to individual transactions, and external data services can be integrated with historical data in the ERP system. For example, user can combine product recommendations with customer sales data.
Microsoft Dynamics AX comes with four BI contents:
• Financial Manager, CFO
• Retail
• Practice Manager within service industries
• Manufacturing
In-memory Power BI capabilities have replaced data cubes, which allows users to get an insight into how the business is performing at a given time. However, the application is a lot smarter than you can imagine. It does much more than just collating and displaying data. It takes full advantage of the Azure’s learning capabilities and open up a world of predictive intelligence opportunities.
Users can estimate the future demand with the power of Azure machine learning. With the latest Microsoft Dynamics AX, it is possible to combine historical data and calculations with variables such as traffic or weather conditions and this enables predictive intelligence to anticipate possible problems in the supply chain or delays in product delivery.
An example of the predictive capabilities can be seen the retail product in which Azure can suggest the most efficient strategy to replace inventory or make product recommendations. Things have been made even better with Cortana integration that makes critical information readily available.
In short, Microsoft Dynamics AX with its latest version brings great analytical and predictive intelligence capabilities thanks to the integrated Power BI. It is surely the future of ERP systems and a step in the right direction.
So the new Dynamics AX Business Intelligence Just Got Smarter!
