You are already aware that data is crucial if you work in the logistics and freight forwarding sector. The issue, however, is to make sense of all the figures, shipments, bills, and customer trends in a way that allows you to make smarter business decisions.
This is where Business Intelligence (BI) dashboards come in. Raw data can be transformed into useful insights using technologies such as Power BI and Tableau, providing you with a clear snapshot of your operations. Here’s the crucial query, though:
Should you go with Custom BI Development, where everything is tailored to your individual requirements, or Wise BI’s ready-to-use dashboards, which provide standard solutions for CargoWise users?
Let’s break it down to see which choice makes the most sense for your company.
Custom BI Development: Optimized to Your Requirements
What is Custom BI Development?
Custom BI development entails creating dashboards and reports from scratch, customized for your company’s specific KPIs, workflows, and data structures. If your company has particularly specific reporting requirements that generic options do not address, custom BI is the way to go.
Pros of Custom BI Development
- Highly Personalized: You decide exactly how your data is displayed, ensuring every report is relevant.
- Scalability: As your business grows, your dashboards can evolve with new data points and functionalities.
- Integration Flexibility: Can be customized to work seamlessly with CargoWise, ERP systems, accounting software, and more.
Cons of Custom BI Development
- Higher Initial Costs: Requires investment in BI developers, data engineers, and customization.
- Longer Setup Time: Custom dashboards take weeks or months to build and fine-tune.
- Ongoing Maintenance Required: Your IT team (or outsourced BI specialists) will need to handle updates and troubleshooting.
This will be very useful for large-scale logistics companies with complex data needs, who want full control over their reporting system.
Wise BI’s Ready-to-Use Dashboards: Quick & Easy
What Is Wise BI?
Wise BI offers pre-built, ready-to-use BI dashboards designed specifically for CargoWise users. These dashboards are plug-and-play, meaning you can start analyzing data immediately without spending weeks on setup.
Pros of Wise BI Dashboards
- Quick Deployment: No need to spend months developing a BI system, you can start using it right away.
- Lower Cost: More affordable than custom BI development, since everything is pre-configured.
- Ongoing Support & Updates: Wise BI provides continuous improvements and new features.
- Industry-Specific Metrics: Dashboards are designed specifically for freight forwarders, 3PLs, and logistics companies, ensuring relevance.
Cons of Wise BI Dashboards
- Less Customization: While dashboards are flexible, they may not cover niche business requirements.
- Limited Scalability: If your data needs grow beyond Wise BI’s capabilities, you might need additional customization.
This will be greatly helpful for CargoWise users who want an affordable, easy-to-use BI solution without the hassle of building reports from scratch.
Which Option Is Right for You?
Go with Custom BI If:
- You have complex, unique data needs that standard dashboards don’t cover.
- Your business operates across multiple platforms and needs deep integration.
- You have the budget and resources to invest in a fully customized BI solution.
Go with Wise BI If:
- You need a fast, ready-to-use BI solution that integrates seamlessly with CargoWise.
- You want affordable, pre-built dashboards tailored to the logistics industry.
- You prefer ongoing support and automatic updates instead of maintaining a custom system.
Conclusion
Finally, the appropriate BI solution is determined by the size, complexity, and goals of your firm. If you require a customized, fully integrated solution, Custom BI Development is the way to go. However, if you’re searching for a low-cost, easy-to-use BI system designed specifically for CargoWise users, Wise BI dashboards are the ideal choice.
Do you want to see the use of Wise BI? Contact us today for a demo at no cost and learn how our ready-to-use dashboards can help you gain powerful insights, simplify processes, and make better business decisions, all without the burden of customized development!
