Embrace your Data
Most of the organizations are entering the final stage of The Chasm Period. By TDWI in order for an organization for cross this period, executives need to perceive BI as a business-driven, mission-critical enterprise resource. Today, organizations are turning to Business Intelligence to provide a competitive advantage such as predicting customer’s behavior, predicting sales and recommending future path to more improved Financial Performance, which is a clear indication that we are on the right path.
Change management and BI organizational alignment are still remaining to be a backbone of every good BI Strategy. Well executed BI Framework provides a broad overview of how different components of the BI strategy fit together to serve entire BI vision. It brings together the forces that drive business operations: people, processes, and technology in a collaborative environment. In the upcoming year we will see a lot of organizations focusing on aligning the strategy throughout the entire organization and getting the most ROI from their data.
Technology and trends are changing rapidly. Self-Service, In-Memory analytics, Content Analytics, Predictive Analytics, Flashy Dashboards, Mobile and Cloud BI and BIG DATA are only few of the trends that several years ago looked futuristic but now they are a part of everyone’s To-Do List. But in order to keep a track on the fast developing technologies, tools and trends, the organization needs to have well established Data Governance.
Last but not least - Corporate Performance Management - there is still need for transparency and simplifying Budgeting/ Forecast processes, Identifying right KPI´s and following up on those. Beyond Budgeting is no longer a standalone model but a wide implemented and looked upon strategy that if implemented can bring agility, continuous improvement and better corporate performance.
Warm welcome to BI Competence Forum 2014
Goran Cvetanovski, Editorial Director, Allchar
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