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Those processes that were primarily considered to need to go against the data warehouse are now being moved back into operational systems themselves, or new systems are being established in operations. However, unlike previously, when ERP vendors were slow to acknowledge the need for anything beyond what they provided, ERPs today tend to work as members of an information ecosystem. It’s like back to the days before data warehousing, only this time with an operational environment increasingly able to keep up with corporate demands.
Today’s ERP environments are well aware of the real-time and up-to-date need for information and facilitate much of the analysis needed in three ways:
• By providing the analysis within the ERP system
• By flexibly allowing for data warehouse feeds
• By enabling enterprise application integration (EAI) and enterprise information integration (EII) for interchange with other operational systems and cross-system queries
The article, Gartner: Business intelligence ROI, value a matter of mind over money, begins with "Determining the return on investment (ROI) and value of a business intelligence (BI) software investment is often an exasperating task, but not an impossible one, according to one Gartner analyst."
I completely agree, but I also feel it's a matter of maturity, and mature BI environments can get there. I also believe it's a best practice to measure and that it has a high correlation to overall "success", whether success is defined by the numbers or otherwise.
Following are some focuses, in order from healthiest to unhealthiest, that business intelligence programs fall into. As we progress through the focuses, you will notice the focus gets further and further away from the user.
Business Focus #1: Return on Investment
ROI is the holy grail of focus for business intelligence. Those teams that focus on achieving it have learned what business intelligence is all about. Studies have shown that driving toward ROI highly correlates to self-reported program success scores. The focus on ROI just seems to encourage the development team to work backwards to doing the right things day in and day out for the ultimate arbiter of success - the bottom line. Ultimately, to claim this focus, a team must have a great handle on the succeeding focuses well.
Business Focus #2: Data Usage
Those programs that don't measure ROI or are too removed from business processes that drive ROI but still want a business-focused BI program focus on the usage of the data. The objective here is increasing numbers and complexity of usage. With this focus, user statistics such as logins and query bands are tracked; however, little is understood about what the users ultimately do with the results.
Business Focus #3: Data Gathering and Availability
Continue reading "Business intelligence ROI and focus" »
Jeffrey Ma was the keynote speaker at the MDM Summit Sunday night in San Francisco. He is the subject of the (current top box office) movie "21" about the MIT Blackjack team that took their system to Vegas on weekends. The system gave them, at most, a 2% advantage over the house. When deployed over time, that is sure to be most profitable. I saw the movie and I really enjoyed it.
One thing you'll notice, if you saw the movie, is that Mr. Ma does not look like the actor who portrayed him in the movie, who is Caucasian.
Aaron Zornes, Chief Research Officer for the MDM Institute, kicked off the session by rightfully announcing that CDI (customer data integration) was important in bringing the MIT team down.
The team's success at blackjack came from the same places where our success in other business comes from: trust and teamwork, planning and organization, common goal setting and commitment to analytics.
Continue reading "Jeffrey Ma, "21"" »
We will be having the Information Management seminar in my home area of Dallas, TX on April 14 at 2:00. The registration link is here.
LOCATION:
The Colonnade Center
15305 Dallas Parkway
Suite 300
Addison, Texas 75001
DRIVING DIRECTIONS:
FROM D/FW AIRPORT
• Take the North exit from terminal.
• Go east on Interstate 635 to Tollway North exit.
• Exit Belt Line Road/Arapaho Road.
• This is a toll road so be prepared with change.
• Go through the intersection at Belt Line Road.
• Turn left at Arapaho and cross over the tollway.
• Colonnade III is located on the south-west corner of the Arapaho-Tollway intersection.
• (Approximately 20 - 25 minutes without traffic)
FROM LOVE FIELD AIRPORT
• Take Cedar Springs south to W.
• Mockingbird Lane turn left.
• Turn left onto Dallas Tollway (North).
• This is a toll road, so be prepared with change.
• Exit Belt Line/Arapaho.
• Go through the intersection at Belt Line Road.
• Turn left at Arapaho Road (cross over tollway).
• Colonnade III is located on the south-west corner of the Arapaho-Tollway intersection.
(Approximately 20 minutes without traffic)
The location for the New York seminar is 11 Penn Plaza, 5th Floor
New York, New York 10001
DIRECTIONS:
• Located on Seventh Avenue between 31st and 32nd Streets with easy access to mass transportation in and around Metro New York.
• Across the street from the world famous "Garden" sports arena.
April 21 in Manhattan. I look forward to meeting and sharing my perspective on modernizing information strategy from the related disciplines of data warehousing, business intelligence, analytics, data quality, operational business intelligence and master data management.
There's been another data security breach. This one at Sweetbay Supermarket. They join Hannaford, Agilent, Harvard University, Pfizer, Presbyterian Intercommunity Hospital, Georgetown University and others as the latest companies where one of the various forms of data breaches has occured.
With lawyers pouncing immediately with class-action suits on the perpetrators, fines and shame, why does the vast majority of the data which is interesting to theives still unencrypted and vulnerable? My Gartner Top 10 review didn't include encryption, not because it should not be there, but because I have yet to see much being done about it. I'm looking for the tipping point, like about 1988 in the credit card business, where credit cards companies got serious about fraud and made it reduce dramatically, to levels it has stayed at ever since.
Perhaps data breach has become so common, it's not viewed as problematic.
These events are not going away anytime soon.
Continue reading "Where are the Encryption projects?" »
I'm sure there's some value in ITIL, the IT Infrastructure Library, but I'm just having a hard time with the definition. It seems like it could be describing anything...
"ITIL is the most widely accepted approach to IT service management in the world. ITIL provides a comprehensive and consistent set of best practices for IT service management, promoting a quality approach to achieving business effectiveness and efficiency in the use of information systems.
ITIL is based on the collective experience of commercial and governmental practitioners worldwide. This has been distilled into one reliable, coherent approach, which is fast becoming a de facto standard used by some of the world's leading businesses."
Technorati tags: ITIL
I have a new white paper available. It's sponsored by Business Objects and titled "Modernizing and Advancing Information Management Across the Enterprise." In the paper, I try to put information management leadership, the data warehouse, operations and analytics into a modern context.
I talk about the necessity and structure of information leadership, including new concepts of an Information Management Competency Center and Information Management Governance. I talk about the 2 directions data warehouses can go now and federating and consolidating those warehouses. Finally, there's where analytics are going to be coming from and some of the analytic value of modern ERP.
In each of the 4 areas (organization, data warehouse, operations, analytics), I give you a "checklist" of the most relevant questions to ask of your shop and seek answers to.
The paper is available at this link or on my channel here at the B-eye-network.
Continue reading "Leadership, The Data Warehouse, The Operations World and Analytic Access" »
I'll be speaking on "MDM ROI and Justification" at the MDM Summit this Sunday, March 30 from 6:30 - 8:00 in the night school program at the San Francisco Hilton.
Why would you want to do such a thing? No, I don't mean come to the session, I mean MDM itself. Come to find out. The top six frameworks for MDM justification will be presented. Link.
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