Do you have enough cultural for business intelligence?
An analyst at Gartner recently came out and said that “Chief information officers must ensure that business intelligence (BI) programmes are treated as a "cultural transformation of the business, instead of an IT project". Leading businesses today need to be using key parts of business intelligence - such as decision modelling and support - to ensure all managers and executives can make the right decisions at the right time in a given business situation.
Gartner went on to say “Traditionally, business intelligence has been used for performance reporting from historical data, and as a planning and forecasting tool for a relatively small number of people in an organisation that relies on historical data to plan ahead”. He said modelling future scenarios permits "an examination of new business models, new market opportunities and new products, and creates a culture of opportunity".
Our favourite line is that “Workers can not only see the future, but often create it”, said Meehan. Just imagine the possibilities for your business if you had the ability to predict the future for your business, well that is where Business Intelligence steps in.
Gartner said using information to provide intelligent insight to improve business performance is a major challenge, but highlighted three initiatives that use Business Intelligence to create "intelligent businesses":
First business intelligence initiative
-Focus business intelligence efforts on delivering the right information to the right people. Apply a business process orientation to business intelligence that connects horizontally across functional areas and outwardly to partners, customers and partners. To keep strategy execution on track, business intelligence must address all staff and management levels in the organisation.
Second business intelligence initiative
-Change the mindset from more information to answering the right questions. Champion the value of "decision impact". A relentless focus on a very limited set of burning business questions will guide users toward business intelligence -enabled decisions that have maximum impact on business strategies and goals.
Last business intelligence initiative
- Create project teams based on information needs. Create teams based not just on who owns the data, but also on departmental interest in the information that will be generated. Breaking down silos of data ownership will send information flows up and down management chains as well as across functions. This will create decisions with "higher impact". The business decisions with the biggest impact never exist in isolation, said Gartner.
So there you have the three initiatives that use Business Intelligence to create "intelligent businesses and do not forget culture... To see business intelligence come alive watch our Tableau Video Tour.