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Key objectives

posted Nov 8, 2010 11:15 PM by Michael Kaschesky [ updated Mar 14, 2011 11:00 AM ]

Key business objectives:

Improve decision making (key driver)
Identify operating efficiencies and risk
Attract new customers more cost-effectively

Key technological objectives:

Improve ease-of-use and time-to-value (creating benefit)
Increase scale, performance, interoperability (mashups)
Embed applications in devices and processes (usability)
Reduce total cost of ownership

Next challenge: integrating internal & external data

posted May 14, 2010 7:40 AM by Michael Kaschesky [ updated Mar 14, 2011 10:59 AM ]

Next challenge: integrating internal & external data

Analytics: optimizing decision-making with data mining, statistical analysis, predictive modeling and analytics
Reporting: supporting strategic management with data visualization, executive information systems, OLAP
Collaboration: facilitate cooperation between internal and external units through data and knowledge sharing
Knowledge management: identify, create, represent, distribute insights and ideas for business improvement

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Business User Challenge

"Organizations are rapidly embracing the data discovery value proposition of providing data to end users and empowering them with an ability to model, navigate and visualize data." (Gartner 2011)

Forecasting & Optimization

"The increased proliferation of interactive visualization tools, more integrated data mining and packaged analytic applications that encapsulate the complexity of using sophisticated Bl analysis tools from business users, are all pushing the power of analysis into the hands of a larger numbei of users than ever before. Moreover, this data and Gartner inquiries suggest that there is an increasing need for more accurate forecasts and optimized business processes, and to identify leading versus lagging indicators." (Gartner 2011)

Collaborative Decisions

"Combining Bl applications with collaboration and social software capabilities into collaborative decision-making platforms can alert decision makers to events and changing patterns that indicate an early need to make a decision." (Gartner 2011)