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Why BI? – Actionable Business Insights

Businesses spend millions of IT dollars to maintain the data in its core ERP systems; however CIOs have done very little to provide the key business users with the information that is timely, actionable and relevant to their roles.

When business moves at the speed of light, it is the agile and nimble who win the game. Business agility is largely driven by how quickly and accurately key people in an organization can access vital business information. Hence the way an organization maintains and delivers information determines its ability to compete in the market place.

Consider the following:

  • Jupiter research shows that all the information that an organization needs is always available with it – it is just not available with the right people at the right time in a manner that makes sense.
  • Gartner research says that employees get 50% to 75% of the information that they need to be effective in their jobs from other people and this information is stored on individual hard drives.
  • IDC Research estimates that 70% of the content in an Enterprise is recreated rather than re-used because employees can’t find it.

The non-availability of the right information in the hands of the right people at the right time is the most important barrier to critical business decisions. This is the key enterprise challenge that any CIO is confronted with today.

Hence an organization needs to have an Enterprise-wide strategy with a long term vision for meeting its information reporting and portal initiatives. While the organization may have various pressing short-term reporting needs, it is vital to ensure that these adhoc requirements fall in to the larger enterprise vision and support an architecture that is scalable and future-oriented. Else the number of information islands will only increase, worsening the problem going forward.

A strategic approach can ensure that –

  • Current investments are leveraged by compliance to an overall architecture
  • Short term goals are met in a timely manner to provide a quick win too

Enabling the Enterprise for Higher Performance

Because what cannot be measured, cannot be improved

Please email us at BI@ignify.com to see how our business intelligence and data warehousing consultants can help you improve your organization’s performance

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