We use cookies and other similar technologies (Cookies) to enhance your experience and to provide you with relevant content and ads. By using our website, you are agreeing to the use of Cookies. You can change your settings at any time. Cookie Policy.

Untitled Document

With the approach of the Fourth of July, business executives, middle managers, information technology and knowledge workers in both large and small organizations have specific information needs. Retail industry personnel might want to know how many people made specific purchases of top-selling retail products during last year's holiday weekend. Manufacturers will want to understand the buying trends behind purchases of specific brands of beer, wine or food products to help predict impact on production requirements. Services industry managers might want to better understand historical travel patterns in certain geographies to adjust staffing or tailor promotional offers.



Business intelligence (BI) and performance management (PM) solutions help these companies strategically increase their competitive edge and grow their business by answering three basic business questions:

  • How am I doing?
  • Why?
  • What should I or can I be doing about it?

However, BI/PM solutions are only as good as the data that drives them. If the underlying data that feeds the business information is inconsistent, any retail, manufacturing or services organization that wants to widen the gap between them and the competition on a holiday weekend, or any other pertinent market milestone, will find themselves at a distinct disadvantage.

In the continuous battle to outperform the competition, leading organizations realize that adding data quality to their BI and PM initiatives is one of the ways to widen the competitive gap. Today, there is a growing movement for organizations to implement their BI/PM solution alongside a data quality solution.

BI and PM implementations are quickly becoming the focal point for the most strategic use of business information. The implementations are maturing and involving more people, more departments and more data, and are stretching beyond IT to deeply engage the business community within an organization.

Trend #1: BI and performance management is fast becoming the focal point for the most strategic use of information.

In this world of data, a world growing exponentially, one of the ways organizations can significantly differentiate themselves with a BI/PM solution is to track how they are doing, why their business is tracking in a particular way, and what they should actually be doing to grow revenue and beat the competition. Yet, according to a 2006 DecisionROI report, "Business Traction from Better Decision Action," many organizations attribute poor decision making to a lack of timely, reliable business information.

-1-

1  2  3  

   Next Page

Explore Our Topics

  • EDITOR'S BRIEFING
  • Virtual Conferences
  • Webinars
  • Roundtables

BPM in Action

March 10, 2011

The sixth annual BPM in Action 2011 Virtual Conference will explore cutting-edge market developments in BPM and describe how to leverage them for improved business operation and performance. More

View All Virtual Conferences

Smart Case Management: Why It's So Smart.

Date:Nov 05, 2009
Time:12:00 PM ET- (17:00 GMT)

REGISTER TODAY!

Date:Oct 29, 2009
Time:15:00 PM ET- (19:00 GMT)

REGISTER TODAY!
View All Roundtables
  • Research Library
  • Podcasts
  • News

Joe McKendrick: Part II of II: Designing Evolve-ability into SOA and IT Systems

In part two of Joe McKendrick's recent podcast with Miko Matsumura, chief strategist for Software AG, they talk about how SOA and IT systems need to change and grow and adapt with the organization around it.

Listen Now

Phil Wainewright: Helping Brands Engage with Social Media

Phil Wainewright interviews David Vap, VP of products at RightNow Technologies, and finds out how sharing best practices can help businesses understand how best to engage with online communities.

Listen Now

Peter Schooff: Making Every IT Dollar Result in a Desired Business Outcome: Scott Hebner of IBM Rati

Scott Hebner, Vice President of Marketing and Strategy for IBM Rational, discusses a topic on the top of every company's mind today: getting the most from IT investments.

Listen Now

Jessica Ann Mola: Where Will BI Fit In? Lyndsay Wise Explains

In BI, this tough economy and the increasing role of Web 2.0 and MDM are certainly topics on people's minds today. WiseAnalytics' Lyndsay Wise addresses each of them in this informative podcast.

Listen Now

Dennis Byron: Talking with...Deepak Singh of BPM Provider Adeptia

Deepak Singh, President and CTO of Adeptia, joins ebizQ's Dennis Byron in a podcast that gets its hand around the trend of industry-specific BPM.

Listen Now
More Podcasts
  • Most Popular
  • Quick Guide
  • Most Discussed

Quick Guide: What is BPM?

Learn More

Quick Guide: What is Event Processing?

Smart event processing can help your company run smarter and faster. This comprehensive guide helps you research the basics of complex event processing (CEP) and learn how to get started on the right foot with your CEP project using EDA, RFID, SOA, SCADA and other relevant technologies. Learn More

Quick Guide: What is Enterprise 2.0?

A lot of people are talking about Enterprise 2.0 as being the business application of Web 2.0 technology. However, there's still some debate on exactly what this technology entails, how it applies to today's business models, and which components bring true value. Some use the term Enterprise 2.0 exclusively to describe the use of social networking technologies in the enterprise, while others use it to describe a web economy platform, or the technological framework behind such a platform. Still others say that Enterprise 2.0 is all of these things. Learn More