Best-in-Class Analytics Innovation Case Study…Interesting article about P&G and Business Analytics from InformationWeek, Feb 6, 2012. Illustrates the way Business Analytics is becoming more central as decision making speeds up.
Current BI landscape is cluttered with too many tools and technologies. The plain vanilla BI deployments rarely produce desired results. This leaves IT teams to a mere data steward role rather being a potential business partner. Primary inhibiting factors are: exponential data growth, lack of best practices and leveraging prior experience.
In a tough economy, a new tech-fueled BI and analytics arms race is on to create the next competitive advantage. Everyone is beginning to look beyond the status quo in BI, analytics, Big Data, Cloud Computing etc to fundamentally change how they discover fresh insights, how they can make smarter decisions, profit from customer intelligence and social media, and optimize performance management.
The growing enterprise adoption of Salesforce SFA/CRM, Workday HR, Netsuite ERP, Oracle on Demand, Force.com for apps and Amazon Web Servicesfor e-commerce will result in more fragmented enterprise data scattered across the cloud.
A survey of 353 executives in large companies, reported that their chief BI concern was the performance of various BI solutions. Support and enhancement teams are typically deployed to address BI performance challenges with varied success. A BI Center of Excellence (BI CoE) measured by performance KPIs and service metrics is a solution to this problem. This is not an area that traditionally draws high-level attention or is featured in a dedicated CoE initiative, yet in the right circumstances it offers unique value.
Data overload is becoming a huge challenge for businesses and a headache for decision makers. Public and private sector corporations are drowning in data — from sales, transactions, pricing, supply chains, discounts, product, customer process, projects, RFID smart tags, tracking of shipments, as well as e-mail, Web traffic and social media.
A good decision, made in the absence of knowledge, is merely a lucky one. The biggest change facing corporations is the explosion of data and tools. The opportunity is in helping different business units and functions capture, analyze and manage all that data and disparate technology tools/platforms.