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Blog: Industry Research Subscribe to this blog's RSS feed!

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Keep up with technology's impact on business. This blog provides summaries of the latest industry research.

 

 

April 2009 Archives

If you have expanded your business intelligence solution to include operations, please take a few minutes to complete a survey BeyeNETWORK is conducting about the current state of operational BI. This information will be the basis of a research report on the topic, and your input is critical. Take the survey now.


Posted April 22, 2009 8:54 AM
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Download the latest research report from industry luminary Colin White entitled, Using Business Intelligence to Improve Business Performance and Reduce Costs.This study examines ways for companies to use business intelligence to improve efficiency, reduce costs, gain competitive advantage and maximize return on investment based on a survey of 185 BeyeNETWORK site visitors.


Published: April 13, 2009


 


Posted April 22, 2009 8:47 AM
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Headline Findings from the Research

While organizations are moderately well-placed for each area (with the exception of stakeholder engagement) fewer than a quarter (22 per cent) feel that an integrated approach to the processes is necessary and more than a quarter (27 per cent) think that each process can be regarded in isolation.

Of the six areas researched, the stakeholder environment scores were the lowest. This indicates that the involvement of stakeholders in the performance of the organization is not being optimized. A high number of "don't know" responses in this section indicates that many organizations were not even considering the needs of the stakeholders in their planning processes or value chains.

There is a high inverse correlation between a country's Index score and its regulatory environment: on the whole, the higher the Index, the lighter the regulatory touch. 

The public sector and healthcare sectors, as the most highly regulated verticals, have the lowest overall EPM Index scores. 

This inverse correlation demonstrates that businesses in countries and industries with demanding requirements for governance, transparency and accuracy of information are more aware of the challenges in linking disparate systems and processes to provide an accurate picture of performance.

Most organizations are slow to respond to changes in market and business environments with just 13 per cent of respondents believing themselves to be well placed in this regard. The UK is markedly the most responsive in using processes to deal with critical events.

Use of business intelligence (BI) has a significant bearing on EPM achievement.  Respondents who see BI as being an "important" or "major" tool for their organization have index scores of 5.3, whereas those who see it as being an expensive means of visualising data scored 5, and those who see it as a tool for historical reporting only scored 4.9.

A pervasive common data model is rare in business. While over half of respondents have a model or repository for some sets of data, only 1 per cent of organizations had a common data model across all sets.

      Further findings from the research cover the following areas and can be accessed from these hyperlinks:

To read the full study, please click here.


Posted April 7, 2009 2:12 PM
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