YOUR DATA: A NEW FORM OF CAPITAL
As business processes have become more automated than ever before, organizations have more data stored in their operational systems than at any time since the dawn of the information age. However, few successfully convert raw data into valuable information. Many otherwise mature organizations still rely upon multiple sources for information to make decisions. In addition to information delay, these departmental information silos leave executive leaders and line managers with multiple versions of the truth. Problems include:
- Conflicting reports for the same metric
- Information arrives too late for action
- Data exploration is difficult, if not impossible
- Teams cannot effectively use information for collaboration
ENTER BUSINESS INTELLIGENCE (BI)
BI is an umbrella term for the concepts, processes, designs and software that support improved organizational decision making. BI means many things to many people but the underlying principal is that BI solutions support improved organizational decision making. Data marts and warehouses are a common foundation laid to support organizational BI initiatives.
ComFrame BI consultants create actionable information from your oceans of data, with solutions that:
- Organize operational data into an analytical data store
- Enable rapid exploration of trends behind a metric
- Create a single version of the truth
- Facilitate timely discovery of information
- Eliminate driving by looking at the rear view mirror
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