The creation and consumption of data are growing exponentially, resulting in challenges for utilizing the data more meaningfully. The most meaningful use of data for any organization is generating insights from the huge data pool. What about making data management and generation of data-driven insights a seamless experience? Well, this is what NetSuite Analytics Warehouse (NSAW) does.
NetSuite Analytics Warehouse (NSAW) provides NetSuite users with an end-to-end data management and analytics solution. Empowering the decision-making capabilities of organizations by streamlining analytics across data from different sources, NSAW brings an invaluable solution. Two important things that NetSuite Analytics Warehouse (NSAW) is capable of include consolidating data assets across platforms, processes, and channels and delivering accurate analysis and insight-rich reports for functional uses.
What Is NetSuite Analytics Warehouse?
Through NetSuite Analytics Warehouse (NSAW), NetSuite business users can further extend the analytical capabilities that they get in SuiteAnalytics Workbook. NSAW helps them consolidate data assets from diverse sources (including both internal and external ones) and streamline analytics better than SuiteAnalytics.
NSAW comes equipped with a range of pre-built KPIs, data visualizations, and tailor-ready dashboards to generate valuable data-driven insights. On the other hand, it is also capable of real-time data synchronization to ensure access to critical business insights.
Some of the important reasons for enterprises NetSuite users to prefer NSAW include:
- Businesses can do away with their siloed data spreadsheets and bring efficiency to data management by consolidating data from diverse internal and external sources into NetSuite Analytics Warehouse (NSAW).
- Enterprises can also bring down their data management cost by replacing siloed and effort-consuming legacy systems with a streamlined data warehouse and analytics solution like NSAW.
- NetSuite users can leverage the robust data management capabilities of NSAW to bring historical data of the organization under the purview of analytics.
- NSAW, besides accurate analytics and fast report generation, also allows enterprise users quick access through real-time data synchronization.
Key Features Of NetSuite Analytics Warehouse
NetSuite Analytics Warehouse (NSAW), in more than one way, helps enterprises streamline data management and leverage maximum analytics and reporting capabilities for their decision-making. To understand this better, here we would like to showcase the key features of this solution.
Built For NetSuite
NetSuite Analytics Warehouse (NSAW), developed expressly for NetSuite users, automatically connects with the NetSuite modules by leveraging data pipelines. This ensures immediate and real-time access to data and data-driven insights to respective users.
Artificial Intelligence
NetSuite Analytics Warehouse (NSAW) also comes equipped with AI capabilities to deliver more accurate and actionable insights based on user contexts and requirements. These are the AI capabilities NSAW offers:
- Automatically Generated Insights: It can generate data visualizations and insight-rich text reports on different parameters, KPIs, metrics, and data points.
- Contextual Explanation: It generates reports loaded with context-aware business insights, key growth drivers, and anomalies.
- Oracle Analytics AI Assistant: This intelligent virtual assistant and chatbot function provides context-aware help to users through text answers and data visualizations.
- Ready-to-run AI Models: The solution also offers some predictive AI models that can be run for certain important use cases such as churn detection, inventory issues, etc.
- AutoML: Based on user inputs and machine insights, the solution can also automatically assign predictive models and workflows for specific datasets.
- Oracle Machine Learning (OML): This advanced machine learning feature allows data scientists to create, custom-build, train, and deploy machine learning algorithms required for specific use cases.
ETL Capability For Consolidating Data From Diverse Sources
NetSuite Analytics Warehouse (NSAW) is capable of consolidating data from diverse sources by connecting NetSuite modules and data pipelines as well as external data sources. The solution streamlines data consolidation and management through inbuilt extract, transform, and load (ETL) capabilities.
Data Discovery And Collaboration
The solution allows data exploration for insight-rich data visualizations and reports showing growth drivers, business and market trends, patterns, and anomalies.
Data Management And Governance
NetSuite Analytics Warehouse (NSAW) enjoys the robust security protocols of Oracle Autonomous Data Warehouse and Oracle Cloud Infrastructure. Some of the key data security features that users enjoy include
- Transparent data encryption
- Multi-factor authentication
- Single sign-on
- Role-based access controls & permissions
- Real-time activity monitoring
- SOC1 and SOC2 compliance
Dig Into Function-Specific Data
NetSuite Analytics Warehouse (NSAW) helps a business carry out comprehensive performance assessment and analytical reporting by digging into the data and KPIs of different business functions.
Seamless Data Export
NetSuite Analytics Warehouse (NSAW) helps streamline data collaboration by creating robust charts and ready-to-show data visualizations and exporting them into desired formats such as PDF, PNG, and XLS.
Seamless Data Access
NetSuite Analytics Warehouse (NSAW) ensures seamless access for both transactional data and custom data. The solution powered by the cloud allows real-time access to data and valuable insights based on user roles and requirements.
Connecting Different NetSuite Instances
The NetSuite Analytics Warehouse (NSAW), by connecting different NetSuite instances into a single data warehouse, does away with data management complexities and ensures optimum precision and pace of reporting.
Benefits Of Using NetSuite Analytics Warehouse
As we have already explained, NetSuite Analytics Warehouse (NSAW) offers several crucial advantages to enterprises for their data management as well as data-driven decision-making needs. Here are some of the key benefits of NetSuite Analytics Warehouse (NSAW):
- Accessing Real-time Data & Insights: NetSuite Analytics Warehouse (NSAW) offers real-time access to the data and data-driven insights, ensuring quick and agile decision-making.
- Do away with coding for data integration: NetSuite Analytics Warehouse by leveraging inbuilt connectors, allows you to integrate different data sources without manual programming.
- Precise role-based analysis: NetSuite Analytics Warehouse (NSAW) comes with role-based analytical capability to provide precise data-driven insights based on individual user roles.
- High-precision insights at a quick pace: NetSuite Analytics Warehouse (NSAW) solution allows you to get high-precision data-driven insights at a quick pace.
- Data compliance is taken care of: The solution is designed to meet the most advanced data security and compliance, ensuring zero security concerns for integrating different data sources.
- Lower cost of data analytics costs: Thanks to this integrated data warehousing and analytics solution for NetSuite, business users can do away with the cost of building and managing a separate analytics solution.
Best Ways To Implement NetSuite Analytics
As a NetSuite user, you have 4 different analytics solutions, and the NetSuite Analytics Warehouse (NSAW) is the latest and most advanced among them. Let’s have a look at these 4 different NetSuite analytics options.
- NetSuite Analytics Warehouse (NSAW): This is the most comprehensive data warehousing and analytics solution, providing advanced AI/ML features, role-based analytics, and built-in connectors for both internal and external databases.
- NetSuite SuiteAnalytics: For less rigorous data analytics requirements specific to only NetSuite data, this is a suitable option.
- NetSuite SuiteQL: SuiteQL can be the right choice when your requirement is limited to extracting a specific set of analytics data for a particular purpose.
- Customer-Owned Data Warehouse: Finally, you can always own your custom data warehouse if you can bear the hefty cost and resources for development and maintenance.
How To Setup NetSuite Analytics Warehouse
Setting up NetSuite Analytics Warehouse (NSAW) requires the NetSuite users to enable this feature in their accounts. Once the feature is enabled, you can easily add new users and create roles such as Administrator, Author, or Viewer. After enabling the feature, you also need to follow a step-by-step procedure for the data transfer. Here, we provide a step-by-step to-do list for setting up NetSuite Analytics Warehouse.
- Go to your NetSuite account settings and enable the NSAW feature.
- Configure the NSAW user settings to add both internal NetSuite users as well as external users.
- Now, create and assign roles for NSAW, such as Administrator, Author, or Viewer.
- Always make sure that a minimum of two users are assigned the Administrator role.
- Now, to set up data transfer, first choose the required functions, such as financials, sales, and inventory.
- Choose automated data transfer and opt for data refreshing every 24 hours.
- When it is necessary, you can always opt for manual data transfer just by selecting “Transfer Data.”
- You can always reset credentials for data transfer and update the tokens based on your needs.
- When you find any invalid credentials, you can always reassign or reset roles.
- Go to the NSAW console to keep track of data transfer schedules and data transfer speed.
- Go to Oracle NetSuite Analytics Warehouse. to check the interval time between data loading and re-schedule it when required.
Cost And Pricing Of NetSuite Analytics Warehouse
Enterprises, irrespective of their size and operational complexity, have switched to NetSuite to run their business more efficiently and get the edge over their competitors. Now, as NetSuite users, they can further boost their efficiency and leverage advanced analytical insights through NetSuite Warehouse Analytics (NSAW).
Every NetSuite user gets this as an out-of-the-box feature. For a NetSuite subscription, you need to pay an annual license fee. This license fee consists of three variable components such as core platform, number of users, and the optional modules you choose. Apart from the annual license fee, there is a one-time fee for installation and setup.
The license fee for the core platform, plus the cost of modules and the cost for every additional user, make up the actual license fee an organization needs to pay. So, you can always start with the base license fee for the core platform, a single user, and one or two modules, and later on can add more users and modules when your business grows. This makes the NetSuite pricing more flexible depending on business needs and use cases.
Final Thoughts
NetSuite Analytics Warehouse (NSAW) has emerged as the most advanced built-in analytics solution in the NetSuite ecosystem. Equipped with inbuilt connectors and data pipelines, it takes away all concerns of database integrations. With AI/ML features, it takes analytical capabilities to the next level. Lastly, it ensures real-time role-based access to relevant insights, ensuring seamless collaboration and fast-paced data-driven decision-making. It can be rightly termed as the Swiss knife of data analytics for NetSuite users.
