September 22, 2011 – More than half of surveyed organizations are seeing a spike in line-of-business managers requiring analytic capabilities, says Aberdeen Research. Aberdeen’s new study on the connection between collaborative knowledge sharing and analytical activity reveals that the big challenge is in providing context and expertise that can take information and transform it into meaningful business insight.
According to Aberdeen’s recent survey of 231 end users, collaborative tools and techniques that share decision context in and outside the organization lead to improved business performance in top companies. Trends impacting the need for collaborative BI include desire from lines of business for fact-based decision support and the mobile movement toward greater geographic distribution of workers. Business managers are seeking to rely not only on experience but also supporting information.
“Timely data is valuable, but without the proper context to interpret that data, the analysis and therefore the quality of insight suffers,” says Michael Lock, report author and senior research analyst, business intelligence, Aberdeen Research.
Collaboration hopes to fill the context gap, says Lock. “By tapping into the minds of veteran decision-makers, companies can apply the right perspective to business information and generate more powerful analyses.”
Knowledge transfer is made smoother through these tools, Lock explains. “Perhaps not surprisingly, some companies are seeing success in leveraging social media and other collaborative techniques to complete the transfer of analytical horsepower from the veteran business minds to the younger generation of decision-makers.”
“Collaborative BI: Harnessing the Extended Enterprise to Boost Productivity” is currently available free from Aberdeen.
Read a recent Information Management in-depth look at collaborative BI here.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access