Accessibility to Intelligence and the Power to Act (Technological Profile)
What is compelling about emerging BI solutions, is in the ability of the tools to proactively influence decision-making through an intuitive “dashboard” technology that creates what I call a perpetual cycle of data verification.
In essence, these intuitive dashboard solutions are in reality the control panel for the emergence of the social networking world of the Web 2.0, 3.0 and ultimately 4.0 platforms.
Simply put, having access to relevant data is one thing. Being able to decipher its relevance to the decision-making process in real-time, whether it be in the world of procurement or for that matter any element of the business world, is essential.
In fact, think of it in terms of the television commercial by the Chartered Accountants Association in which executives are sitting in the lobby of a five star hotel reading the daily horoscope as a means of determining whether they should accept an offer to sell the company. Traditional methods of post-event assessment in which a lengthy albeit detached analysis by an “expert” is not far off the horoscope analogy. Like the general who is fighting the last war, the data through which traditional processes of intelligence gathering was managed, does not necessarily reflect the reality of the current conditions under which decisions need to be made.
Joining me on Tuesday, January 12th at 12:30 PM EST to discuss the rapidly changing world of Business Intelligence in key areas such as spend diversity are Binary Fountain’s Managing Director Jitendra Vyas, and the company’s Director, Sales & Business Development Andrew Rainey.
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