YOUR DATA: A NEW FORM OF CAPITAL
As business processes have become more automated, organizations have more stored data than ever before. Few of these organizations, however, are able to successfully convert raw data into valuable information. Many otherwise mature companies still rely on multiple data sources for the information needed to make good decisions. In addition to information delay, these departmental silos leave business 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 drive improved organizational decision-making. Data marts and warehouses are foundational elements that support 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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