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 [.].

Complimentary Resource – Improving Business Operation Performance With Innovations

Strategy Driven

Improving Business Operation Performance With Innovations. Learn how using analytics to guide a business operations function is the path to continuous improvement and achieving higher operational performance.

Eliminate the Monthly Monster Spreadsheet

The Kini Group

Every company employs analysts who have the unenviable task of pulling month-end operational data. 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. Amazon Business Intelligence FBA SellerPoint

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.

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 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. 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. Operate at the highest standards possible, and commit thoroughly. Business Intelligence

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. We’re all busy, so not a lot, right? Business Intelligence

100% Of Companies Have This Problem

N2Growth Blog

Good business processes serve as the central nervous system for your organization providing a framework for every action, decision, activity or innovation to flow from and through. By Mike Myatt , Chief Strategy Officer, N2growth.

Leadership and Knowledge Management

N2Growth Blog

Leaders who don’t understand the value of distributable and actionable knowledge not only limit opportunities, but they’re also building huge contingent operating liabilities. By Mike Myatt , Chief Strategy Officer, N2growth.

Leadership and Competition

N2Growth Blog

These captains of their own destiny share the perspectve that competition is not a significant factor in the execution of their business plan – they’re in control and competition is irrelevant. Do you have a business intelligence platform?

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. Prior to that he was VP customer relations and operations at Deloitte Consulting.

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Complimentary Resource – Best Practices for a BI and Analytics Strategy

Strategy Driven

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.

Why You Should Consider SharePoint as a Business Technology Solution, part 1

Strategy Driven

However, many businesses are cynical about Microsoft’s swiftly rising SharePoint tool. This could be because they’re not entirely sure how it can be applied to their business operations. How Can A SharePoint Solution Help Your Business?

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.

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Why You Should Consider SharePoint as a Business Technology Solution, part 2

Strategy Driven

In the part 1 of this topic, the likes of communication, organization and information was discussed as some of the reasons every business owner should consider using SharePoint. In this article, the focus will be on the pros of using SharePoint as a business technology solution.

N2Growth Helps Businesses Combine Strategy & Innovation for a Consumer-First Approach to Digital Transformation

N2Growth Blog

That transformation requires adopting new digital technologies in every aspect of business — from product design and operations to customer service and marketing. But not every business knows how to convert that data into actionable insights.

Businesses Don’t Fail – Leaders Do

N2Growth Blog

Why do businesses fail? If you’re willing to strip away all the excuses, explanations, rationalizations, and justifications for business failures, and be really honest in your analysis, you’ll find only one plausible reason - poor leadership.

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What Could Amazon’s Approach to Health Care Look Like?

Harvard Business Review

For existing health care companies, the operative words in that mandate have been “health care”; for Amazon, the operative words likely are “service that needs to be delivered to a customer.” The introduction of Amazon Prime , which provides two-day delivery on many Amazon orders for a fixed annual fee, represented a huge shift in Amazon’s early business model. The beauty of the business model was that it did not need to know that.

Tips for Conducting Business Across Continents

Strategy Driven

If you're looking to conduct cross-continent business, know that you can, but the task is not easy. The following are some tips that will enable you to conduct your global business successfully. The best advice I can give you is to keep your global business connected.

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What the Companies on the Right Side of the Digital Business Divide Have in Common

Harvard Business Review

It’s created new business and social networks, resulted in new ecosystems, and transformed our economy. While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. Other financial and operating indicators showed similar disparities. Our research indicates that these leaders approach the digital opportunity with a different strategic mindset and execute on the opportunity with a different operating model.

Leadership Lessons From the CEO of Scripps

Steve Farber

I was introduced to Van Gorder by one of his executive team, and–even though I’d read his book, The Front-Line Leader –I wanted to hear his advice for entrepreneurs and small business leaders striving to create a positive culture.

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IT Organizations Built to Last

Strategy Driven

Customer centricity: It’s been proven that companies that prioritize their customers see greater business results and continually bring more innovative products to the market. By doing this, it increases their overall satisfaction—and in the process, business profitability.

The Harvard Contest That’s Trying to Improve Health Care Delivery

Harvard Business Review

A collaboration of the editors of Harvard Business Review and the New England Journal of Medicine , exploring cutting-edge ways to improve quality and reduce waste. Innovation Operations management Customer service Healthcare Article

Leadership Lessons From the CEO of Scripps

Steve Farber

I was introduced to Van Gorder by one of his executive team, and–even though I’d read his book, The Front-Line Leader –I wanted to hear his advice for entrepreneurs and small business leaders striving to create a positive culture.

CEO 52

Yes, Managing IT Is Your Job

Harvard Business Review

In order to see the future more clearly, it''s almost always helpful to look back — and this certainly goes for IT and its ever-increasing impact on operations, and ultimately on competitive advantage. These "channel" systems helped steer business to American Airlines.

The Unnoticed Analyst: Can analytics succeed while going unnoticed.

Strategy Driven

Posted by Thornton May on November 24, 2010 · Leave a Comment The classic Harvard Business School case “Otisline (A)” 1 begins with the quote, “… our objective is to go unnoticed.” Bob Smith (not his real name), source of the quote and Chief Operating Officer at Otis Elevator, knows that elevators tend to remain well under the radar screen until they break. In the elevator business, you can be hugely successful and highly profitable by going unnoticed.

Five Steps to Resource Optimization: Any process can be improved.

Strategy Driven

SAS – Providing organizations with THE POWER TO KNOW ® SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Get executive buy-in and foster accountability It’s not enough for executives to agree on the goals, business rules and constraints, and decisions that will be made. Ed holds a Master of Science degree in Operations Research and a Bachelors degree in Mathematics.

Manufacturing Companies Need to Sell Outcomes, Not Products

Harvard Business Review

This question has been top of mind lately among manufacturers aiming to drive profitable growth, triggering a fundamental shift to the way a business operates that increasingly focuses on outcomes. Operations in a Connected World.

Meet Your Company's New Chief Customer Officer

Harvard Business Review

Customer intelligence is at an organizational inflection point. This practice, which is largely the evolution of database marketing, has become a critical driver of business strategy for global organizations in nearly every industry and vertical, because it supports decisions with data.

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Everyday Business Travelers Are Easy Targets for Espionage

Harvard Business Review

James Bond might be the world’s best-known spy, but nowadays even an obscure international business traveler could face similar surveillance threats from a hostile foreign intelligence service or even a business competitor. Business Travel.

How an Airplane Laptop Ban Would Expose Company Data to Espionage

Harvard Business Review

government received credible intelligence that ISIS had developed the capability to conceal explosive devices within laptops, tablets, and other large electronic devices, these devices have been banned, as of late March, from the airline cabins of U.S.-bound Aside from another terrorist group disrupting world-wide travel operations at a cost of hundreds of billions of dollars , the other big winners from an increased ban could be foreign intelligence services.

We Interviewed Health Care Leaders About Their Industry, and They’re Worried

Harvard Business Review

What legacy costs will be incurred as providers strive to optimize their business processes to deliver comprehensive value-based health care? How will leadership teams and boards of directors orchestrate the strategic transformations of their currently successful businesses? The transformation will necessitate substantial investments in finance, technology, human capital, operations, and infrastructure, and a substantial disinvestment of legacy resources in these areas.

Advanced Analytics Are Crucial to Digital Transformation - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

Those that successfully harvest vast troves of data can improve productivity; make faster and more accurate decisions; reduce costs; increase competitive advantage; discover new business models and innovations; and better engage customers, employees, and partners. IT has long played a critical role in helping organizations deliver better products and services, improve operations, better manage risks, and develop new business models to stay relevant.

What Data Scientists Really Do, According to 35 Data Scientists

Harvard Business Review

How companies are using artificial intelligence in their business operations. Data science can be used in a number of different ways, depending not just on the industry but on the business and its goals. burakpekakcan/Getty Images.

Shadow IT Is Out of the Closet

Harvard Business Review

Slowly but surely, as the little database grew bigger and bigger, the manager would wedge the cost into her operating budget. Lines of business are now getting their own official technology budgets for non-standard software products. It's not as if IT departments aren't busy.

On Social Media Becoming Social Business

Harvard Business Review

We are entering an age of social business: a purposeful, planned, orchestrated, and integrated way of doing business in a social context which may feel personal to the outside world but combine complexities internally within organizations that will need navigating. Recently, Enterprise software behemoth Salesforce acquired the startup , sending the signal that listening to social conversations is only one slice of the bigger pie for business.

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Data Scientists Don’t Scale

Harvard Business Review

A few innovative executives understand this and have sought scalable, automated solutions that interpret data, unlock hidden insights, and then provide answers to ongoing business problems. Big data is about to get a big reality check.

Retailers Turn to "Soft Surveillance" to Fight Customer Anonymity

Harvard Business Review

That age-old question resonates with the specialists who provide retailers with customer intelligence. Until recently, customer Intelligence has focused on understanding consumers through historical data. MORE ON CUSTOMER INTELLIGENCE.

Just Adding a Chief Data Officer Isn’t Enough

Harvard Business Review

The proliferation of C-suite roles is an indication of the increasing strategic and operational complexity organizations face. Chief Operating and Finance Officers side-step this issue given the broader power-base of their positions.). Small Businesses Need Big Data, Too.

How to Get More Value Out of Your Data Analysts

Harvard Business Review

Organizations succeed with analytics only when good data and insightful models are put to regular and productive use by business people in their decisions and their work. million business people with the know-how to put big data analytics to use. What do the business people learn?

Create a Strategy That Anticipates and Learns

Harvard Business Review

The buzz around using predictive tools to analyze big data in discrete areas of a business is loud and deserved. In this new environment, where markets can be created by ecosystems of partners, and innovations can originate anywhere in an ecosystem and grow at great speed, the ability of business leaders to predict and influence what’s around the corner—rather than act on what they see—becomes central to the ability to commit to a direction and allocate resources.

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Data Analysis Should Be a Social Event

Harvard Business Review

Here''s a common business problem: You want to retain more of your customers. However, we''ve found that companies that don''t explore the social aspects of analytics are missing out on opportunities to use data to completely transform their businesses.