It’s the dawn of a new year, and users are compiling 2013 resolutions. For businesses, these likely include new strategies and revised best practices to accelerate business, increase profits and achieve a higher ROI. Their laundry list of resolutions should also include a refreshed perspective on business intelligence and analytics strategies.
Before constructing a building, any architect needs blueprints – the master framework for any and all subsequent plans and contingencies going forward. The same applies when adopting business intelligence solutions. It’s imperative users create and implement a BI strategy that outlines their overall vision, mission and reason behind its adoption.
Enterprises recognized early on the potential ROI and benefits of business intelligence and analytics solutions and have since become some of its most ardent adopters. And, these large organizations, with their unique, high-value demands for specialized software, database tuning and other niche systems, are the only ones with enough resources, scale and reach to justify a costly and time-consuming BI investment. Right?
All too often the terms business intelligence (BI) and corporate performance management (CPM) are used interchangeably – and, at first take, there seems to be very little difference. BI and CPM vendors rely on the same clouds and infrastructure. There’s a lot of overlap between the solutions: BI can be used to define and analyze performance metrics, while performance management can be a feature in overarching BI solutions.
Business intelligence and analytics solutions are gaining ground in every vertical as a way to accelerate productivity, make better business decisions and cut costs. This holds especially true for the tech-resistant health care industry. In fact, BI and analytics adoption is not only strong in health care verticals, it’s expected to grow, with the energy around related solutions accelerating at a frenzied pace.
All you have to do is glance at the headlines to know that security threats aren’t just becoming more pervasive, they’re becoming smarter and more sophisticated. These days, cybercriminals are tailoring slippery, highly mutated attacks designed to dodge most security solutions, and sit silently undetected on users’ machines.