In short, despite substantial investment, the result is a rather meager one.
Seven out of ten executives do not receive the information necessary to make operational decisions.In addition, it is not always accessible on time. Two-thirds of the executives find the quality and consistency of the data insufficient.In more than fifty per cent of the organizations, business intelligence projects did not produce the expected benefits.Less than ten per cent of the organizations were successful in improving the organizational structure and technical infrastructure with the help of business intelligence.The outcomes of this research seem to show that many of the companies examined were not able to realize the anticipated advantages of business intelligence, such as improved insight into customer behavior and operational results, despite a total annual investment of around 60 billion dollars. It is more important to effect a fundamental change in the way in which data is gathered, processed and presented.Ĭommissioned by KPMG, Cambridge University performed comprehensive research on business intelligence, in order to determine the extent to which enterprises are ready for this fundamental change. However, enormous investments in IT do not necessarily guarantee better information. This implementation of new business models will be supported by large-scale investment in IT solutions. A recent worldwide survey by KMPG indicated that half of all participating organizations have plans to implement a new business model in the near future. In the current economic climate, enterprises are beginning to realize that they will have to change if they wish to be successful. This article provides an integral approach to your ‘information problem’. Organizations that pick up the problem in a more comprehensive way, looking at strategic starting points as well as elements of data governance and infrastructure, are obtaining much better results. In everyday practice we see that organizations that attempt to solve their ‘information problem’ by means of large investment in IT tools are booking only limited results.
However, many people are wondering if these investments in business intelligence solutions do genuinely lead to more manageable organizations. Organizations throughout the world are spending enormous sums of money on business intelligence. An increasing number of organizations are investing in business intelligence solutions, but many are not achieving the possible – and anticipated – benefits. In addition, companies must prove flexible enough to be able to react quickly. In the past few years, circumstances have been so turbulent and unpredictable that companies have had to constantly seek insight into market trends more intensively than ever before. The implementation of a business strategy is often impeded by a lack of reliable information.
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