Information Management Series: How Intelligent is Your Enterprise Business Intelligence Strategy?
Join BearingPoint director Larry Manno to explore enterprise business intelligence (BI) strategies and the opportunities it presents to an organization. Many organizations recognize the opportunity to capture performance benefits through the use of BI tools. Increasingly, they are turning to BI as the means to transform their raw data into actionable information for competitive advantage. However, every organization faces unique challenges in defining their BI vision and executing on it. Even within information-intensive industries such as financial services, there is much opportunity for improvement.
Businesses are often architected for the transaction state, not the information state. Even organizations that achieve some level of maturity in their use of BI tools cannot stand idle. Because the financial services industry is facing a business environment characterized by a sustained demand for performance in the midst of such a versatile marketplace, they must improve their risk management and transparency. The market will continue to change rapidly, therefore organizations must think strategically and act pragmatically. Exciting developments in BI are opening the door to dramatic improvement in business performance. Organizations can effectively capitalize on the opportunities by taking a strategic approach to enterprise BI. BearingPoint believes that organizations can be effective by matching needs to mature technology enablers on a just-in-time basis and executing incrementally against a time-based road map. This approach is practical for organizations regardless of where they are on the BI maturity continuum. We also believe the ability to execute BI within a business-oriented vision and a broader enterprise information management framework remains a differentiator.