Quantitative measurements and weekly performance meetings dictate the operational processes at many successful organizations, but to what end? In the recent past, the data we have collected has been scrutinized more closely, and the question has become, What can this information do to make my business more successful? Thus, business intelligence (BI) was born. Still, many of todays companies across all industries are drowning in data and dont have the right processes or technology implemented to make the data truly work for the business.
So what is the secret recipe for turning your data into actions that will improve your business? How do you increase operational efficiency and get more timely and detailed feedback on whats working and whats not? In this article, I will closely examine what is required of an organization to gain the maximum competitive advantage from its BI, reporting and dashboarding. Well look at why it is so crucial that organizations put this technology in the critical path of their day-to-day processes, what features a dashboard must include to be most effective to its users, and why your organization only needs to look as far as Monday Night Football for the next big thing in BI.
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