The Importance of Business Intelligence Software and Why It’s Integral for Business Success

Strategy Driven

In the digital-first, customer-centric world we live in today, managers and business owners must deal with information overload. That is the reason why they are always looking for ways to derive greater intelligence, control, and understanding from their data. Adopting a business intelligence (BI) strategy is one of the best ways to deal with this problem, but most organizations have been slow to integrate it within their business systems.

Do you practice reactive or proactive business intelligence?

Rapid BI

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Business Intelligence: Barriers to Sharing Knowledge

Coaching Tip

Similarly, by using these approaches for collecting business knowledge, strategic decision-making knowledge and heuristic (rule-of-thumb) knowledge necessary for reaching the business objectives is also captured. Source: Olivia Parr Rud: Business Intelligence Success Factors: Tools for Aligning Your Business in the Global Economy (Wiley and SAS Business Series).

Crafting Best-in-Class Business Intelligence

First Friday Book Synopsis

Here’s an excerpt from article written by Jamie Campbell, Kenny Kurtzman, and Adam Michaels for strategy+business magazine, published by Booz & Company. To read the complete article, check out the free resources, sign up for email updates, and obtain subscription information, please click here. * * * Start by choosing the metrics that matter most [.].

Digital Footprints: The Journey from Business Intelligence to Analytics

First Friday Book Synopsis

Bob''s blog entries alengo / Getty Images Big Data and Analytics are still a hot ticket Cisco Cognizant Compuware Digital Footprints: The Journey from Business Intelligence to Analytics Facebook Geoffrey Moore HP LinkedIn log files really do let you see what people are doing Microsoft Omniture SAP Yahoo! Here is a brief article by Geoffrey Moore for LinkedIn. To read entertaining as well as informative articles by other thought leaders, please click here.

Complimentary Resource – Business Intelligence: The Definitive Guide for Midsize Organizations

Strategy Driven

Business Intelligence : The Definitive Guide for Midsize Organizations. Get the latest on business intelligence and how midsize companies can put it to use for competitive advantage. No longer the province of global giants, business intelligence is now both accessible and affordable even for nontechnical people who can use it to improve overall performance. SAP is the world’s leading provider of business software.

Complimentary Resource – Improving Organizational Performance Management Through Pervasive Business Intelligence

Strategy Driven

Improving Organizational Performance Management Through Pervasive Business Intelligence. Explore the growing body of evidence suggesting a direct link between investment in business analytics solutions and organizational performance. StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications.

Complimentary Resource – Strategic Business Intelligence for HR: 6 HR Metrics No Executive Should Be Without

Strategy Driven

Strategic Business Intelligence for HR : 6 HR Metrics No Executive Should Be Without. By analyzing and reporting on the full range of HCM data, business intelligence uncovers the insights executives need for smarter staffing, planning, and budgeting decisions. StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications.

Complimentary Resource – The Truth About Mobile Business Intelligence: Five Common Myths Debunked

Strategy Driven

The Truth About Mobile Business Intelligence : Five Common Myths Debunked by Information Builders, Inc. This white paper will examine the five common myths associated with mobile business intelligence and uncover the facts about cost, implementation, and capabilities. In spite of the abounding myths, mobile business intelligence doesn’t have to be expensive, hard to implement, or difficult to use.

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How Data Management Can Help You Get More from BI

Strategy Driven

Making sound business decisions often relies on extensive analysis from a wide variety of sources, which can be a difficult and laborious process without proper data management solutions. The business world of today moves at a fast pace, leaving little room for error or experimentation. To show how business intelligence can be improved via better data management, let’s take a look at how proper data management procedures can drive positive resolutions.

End the Chaos: A Better Approach to Business Intelligence

Harvard Business Review

Our business units are all trying to do the same thing with different tools," she says. Business executives are unaware of the extent to which their staffs routinely reinvent the wheel to get the information they need. The good news is that as information usage increases business intelligence tools are building support for communities of users. Business people are no longer at odds making decisions based on different interpretations of data.

Get a Better Return on Your Business Intelligence

Harvard Business Review

There is a lot of hype and buzz around business intelligence. Companies are investing millions of dollars in business intelligence technology. However, unless this is accompanied by the simultaneous creation of a strong foundation for taking intelligent business actions, they are unlikely to reap a good return on that investment. So by learning how pilots are successful, leaders can get a much better return on their business intelligence initiatives.

The Four Intelligences of the Business Mind

Rapid BI

The Four Intelligences of the business mind – by Valeh Nazemoff This is a short (115 page) book, but it packs some powerful punches. The first truly practical business book applying learning from neuroscience to everyday business. Across seven chapters Nazemoff takes us on a fast paced journey: Your brain, mind and business transformation […]. The post The Four Intelligences of the Business Mind appeared first on.

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Ditch that Ghastly Spreadsheet and Turn to Smarter Analytics

The Kini Group

It’s only improved over the last three and a half decades, evolving with the needs of business and finance. Unfortunately, we’ve hit a turning point in financial and business intelligence technology. The spreadsheet has maxed out in its ability when it comes to advanced BI analytics required by businesses today. It falls short, however, of the smarter analytics companies need to do the quick analysis for real-time business decisions.

Eliminate the Monthly Monster Spreadsheet

The Kini Group

This information drives critical business decisions on a day-to-day basis. They fail to provide enough details to properly guide day-to-day business operations. All departments in the business work off of the same source data and insights. This harmonizes perspectives on business trends. Ask better questions and drill down more quickly into business performance drivers. Consider launching a robust business analytics software solution like KiniMetrix.

From Data to Actionable Insights: Giving Data a Purpose

The Kini Group

Does the term “actionable insights” feel like a business buzzword to you? But what it represents is crucial to the future of your business. We tout our cloud-based analytics software’s actionable insight discovery capabilities, because we actually deliver accessibility to the answers companies need to drive margin and business growth. Business IntelligenceIt does to me.

Complimentary Resource – The Road to BI Success

Strategy Driven

Read an active Q&A session with Dan Vesset, IDC Program Vice President of Business Analytics on building a successful enterprise BI strategy. StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications. Complimentary Resource – Improving Organizational Performance Management Through Pervasive Business Intelligence. The Road to BI Success. by SAP.

The Definitive Guide to Enterprise-wide Analytics Alignment

The Kini Group

It’s difficult to set up, difficult to maintain, and difficult to determine its impact on the business. Before you dismiss the possibility of enterprise-wide analytics for your business, though, let’s discuss some common complaints. To eliminate this last excuse for your company, here’s a five-step guide to deploying enterprise-wide analytics in a way that drives best practices and business growth from the get-go. Business Intelligence

5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

The remainder of the C-suite wants better access to insights uncovered so that they can make faster business decisions and better evaluate their teams’ performance. Business IntelligenceNo one likes financial reporting. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore. It takes mind-numbing amounts of focus and ends up just being a massive effort of copying and pasting numbers into the right columns and rows.

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Complimentary Resource – Picture This: Self-Service BI Through Data Discovery and Visualization

Strategy Driven

Read how business leaders are using visualization software to run like never before. In this paper, leading analysts discuss the shrinking ‘decision window’ and how using visual discovery solutions can help business managers make decisions faster and with more confidence than ever before. StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications.

Complimentary Resource – Data, Data Everywhere: A Special Report on Managing Information

Strategy Driven

Learn how businesses are transforming themselves based on the abundance of data, and benefits found in the various uses of information and the new methods of visualizing data. Even so, the data deluge is already starting to transform business, government, science and everyday life. StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications.

5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

The remainder of the C-suite wants better access to insights uncovered so that they can make faster business decisions and better evaluate their teams’ performance. Business IntelligenceNo one likes financial reporting and analysis. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore. It takes mind-numbing amounts of focus and ends up just being a massive effort of copying and pasting numbers into the right columns and rows.

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15 Analytics Capabilities to Consider When Choosing Your Next Big Data Solution

The Kini Group

The constant pursuit of actionable insights for strategy improvement is crucial to your business. Finding the perfect one for your business starts with narrowing down the list based on the following criteria and steps. Start with your business goals and then each team’s KPIs to meet these objectives. We’re all busy, so not a lot, right? When the professional side starts working closely with the IT side of the business, things can get….tense.

The Consultant’s Paradox

Lead Change Blog

If you’re tired of scrambling to find yet another client after a contract ends, it’s time for you to take your consulting, coaching, or facilitating business to the next level and gain some serious traction. It’s time to get crystal clear on where your business is headed, and how you’re going to get there. Sick of trading time for dollars?

The Importance of Data Visualization In Your Business and 10 Ways to Pull it Off Easily

The Kini Group

Data visualization puts complex data into a graphical format, allowing you to more easily understand the state of your business and identify patterns to bolster your successful strategies. You’d start with a handy spreadsheet and slowly and painstakingly create a simplified graphic to help convey a message or understand a business trend. The Importance of Data Visualization & 9 Ways It Benefits Your Business. Business Intelligence

Blogging on Business Update from Bob Morris (Week of 11//13)

First Friday Book Synopsis

I hope that at least a few of these recent posts will be of interest to you: BOOK REVIEWS Out-Executing the Competition: Building and Growing a Financial Services Company in Any Economy Irv Rothman The Birkman Method: Your Personality at Work Sharon Birkman Fink and Stephanie Capparell Tilt: Shifting Your Strategy from Products to Customers […]. Bob''s blog entries "Lest we forget on this Veterans’ Day…." "The

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How to Improve Your Digital Marketing Strategy Overnight

Strategy Driven

For many small and medium sized business owners, internet marketing is like shooting in the dark. Interpret Business Intelligence. It is important that you interpret your business intelligence and make sense of charts and data. This will allow you to make the most out of your targeting and stop shooting in the dark, beating up the dead horse or dealing with tire kickers in your business.

GC29: GamifiKaizen: Using gamification for continuous improvement | with Gal Rimon of GamEffective

Engaging Leader

Previously, was CEO of Gilon-Synergy Business Insight, a national leader in Business Intelligence. Longtime listeners of Game Changer know that gamification isn’t about rewards and competition. The most effective gamification makes use of intrinsic drivers to engage employees. GamEffective strives to be the “Fitbit of work,” taking the place of traditional performance management, feedback, and even continuous improvement practices such as kaizens.

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Complimentary Resource – Understanding and Investing in Information Intelligence

Strategy Driven

Understanding and Investing in Information Intelligence. In this paper ESG’s Senior Analysts, Brian Babineau and Katey Wood, describe why organizations should strive for better information intelligence. Most information as a business asset discussions tend to focus on structured data sources referencing traditional business applications like data analytics and business intelligence systems. by StoredIQ, Inc.

Getting the Most Use Out of Business Analytics

Chartered Management Institute

Businesses now have more and easier access to vital information than ever before. One of the reasons for this is because of the advances being made in information technology (IT) and business intelligence (BI). Business owners can now reach new customers and business opportunities by managing, gathering and interpreting data and information. If you’ve recently discovered business analytics , then you’re probably wondering how you can get the most out of it.

The Leapfrog Opportunity For Executing Strategy (Summarized)

Six Disciplines

Built upon the results of these efforts, we believe the coming Execution Revolution will result in an order-of-magnitude change in cost that will allow small to midsized businesses not only to catch up, but to actually leapfrog, larger organizations in their execution management capabilities. The business excellence methodology component of this program is detailed in Gary Harpst's first book, Six Disciplines for Excellence: Building Small Businesses That Learn, Lead and Last.

Complimentary Resource – Reaping the Benefits of Next Generation Dashboards

Strategy Driven

This white paper explores how organizations are demanding more integrated and flexible business intelligence solutions that facilitate more timely and informed decisions, as well as how next generation of dashboards solve these challenges. However, the need for timely and succinct business intelligence (BI) continues to grow. Relate Articles: Complimentary Resource – Dashboards – Your Business at a Glance.

The Leapfrog Opportunity For Executing Strategy (Summarized)

Six Disciplines

Built upon the results of these efforts, we believe the coming Execution Revolution will result in an order-of-magnitude change in cost that will allow small to midsized businesses not only to catch up, but to actually leapfrog, larger organizations in their execution management capabilities. The business excellence methodology component of this program is detailed in Gary Harpst''s first book, Six Disciplines for Excellence: Building Small Businesses That Learn, Lead and Last.

6 Key Takeaways from LinkedIn’s 2020 Workplace Learning Report

The Practical Leader

It’s clearly at odds with the Chief Learning Officer ‘s Business Intelligence Board’s “ 2020 Learning State of the Industry.” ” The top five soft skills are creativity, persuasion, collaboration, adaptability, and emotional intelligence. Executive Leadership — executives “believe that closing the skill gap is an urgent business priority.”

Recommended Resource – Positive Intelligence

Strategy Driven

Positive Intelligence : Why Only 20% of Teams and Individuals Achieve Their True Potential and How You Can Achieve Yours. Positive Intelligence by Shirzad Chamine reveals the ten personality Saboteurs limiting individual performance and the three Sage strategies to combat these limiters. Determining your initial Positive Intelligence (PQ) score. It’s this sound, implementable insight that makes Positive Intelligence a StrategyDriven recommended read.

Everything you need to know about leadership, you learned in Kindergarten

Women on Business

In Kindergarten we learned to always say it, can you imagine the change in the business world with that one little thing? One of the first things we learned in Kindergarten was that everybody would get a turn, and in business we have completely unlearnt that skill. In business we operate under the old adage of the loudest person is the one that gets heard. In business information is power, so why would you let that advantage go?

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Complimentary Resource – Reaping the Benefits of Next Generation Dashboards

Strategy Driven

This white paper explores how organizations are demanding more integrated and flexible business intelligence solutions that facilitate more timely and informed decisions, as well as how next generation of dashboards solve these challenges. However, the need for timely and succinct business intelligence (BI) continues to grow. Complimentary Resource – Dashboards – Your Business at a Glance. Reaping the Benefits of Next Generation Dashboards. by SAP.

How To Hire Greatness

Eric Jacobson

Those 28 fit within five pillars of success : Character Intellect Business Intelligence Leadership Emotional Intelligence They also recommend that when interviewing a candidate you particularly like that you take a healthy step back to figure out why you feel so strongly about that person. Leaders who can use their intellectual capacity to make quick, solid business decisions in tough competitive environments often without having all the details, so intuition is important.

Complimentary Resource – Six Mistakes Companies Are Making Today And How You Can Avoid Them

Strategy Driven

When the economy slows, many businesses react by retrenching and cutting costs in order to weather the downturn. While such cost reduction is important, companies often overlook equally critical strategic decisions—opportunities to use valuable business information to strengthen product and service offerings and emerge ahead of the competition. The paper also includes a self-assessment questionnaire to determine the level of business intelligence opportunity across an organization.

How To Recruit Your Dream Team

Eric Jacobson

Those 28 fit within five pillars of success : Character Intellect Business Intelligence Leadership Emotional Intelligence They also recommend that when interviewing a candidate you particularly like that you take a healthy step back to figure out why you feel so strongly about that person. Leaders who can use their intellectual capacity to make quick, solid business decisions in tough competitive environments often without having all the details, so intuition is important.

How To Recruit Your Dream Team

Eric Jacobson

Those 28 fit within five pillars of success : Character Intellect Business Intelligence Leadership Emotional Intelligence They also recommend that when interviewing a candidate you particularly like that you take a healthy step back to figure out why you feel so strongly about that person. Leaders who can use their intellectual capacity to make quick, solid business decisions in tough competitive environments often without having all the details, so intuition is important.

10 Warning signs of fraud

Chartered Management Institute

Internal fraud at companies on the rise, says study by by Kroll Business Intelligence. They found 60% of frauds are committed by insiders, an increase from 55% in 2010. Junior employees were the most likely perpetrators at 28% followed by senior management at 21% and intermediaries for the company at 11%,” Kroll stated in its fifth annual report. The survey found that on average, fraud such as stolen cash, assets, inventory or information theft cost companies 2.1%

Complimentary Resource – Best Practices for a BI and Analytics Strategy

Strategy Driven

A growing number of organizations are moving toward having more pervasive Business Intelligence (BI) by turning to evidence-based decision making supported by a range of BI and analytics technology and processes that enable decision makers to have the best possible intelligence about customers, finances, operations, suppliers, and the market. Complimentary Resource – Improving Organizational Performance Management Through Pervasive Business Intelligence.