subject: Information is King: Business Analytics in the age of the downturn and (Re) emergence with the customer [print this page] Information is King: Business Analytics in the age of the downturn and (Re) emergence with the customer
Information is King
Information has long been a leader's most valued tool. To take action without it risks leading organizations down the wrong path and, potentially, the squandering of valuable resources. In addition, using information without a decision-making framework can lead an effort off course. Captains of armies and industries alike have learned that gathering data, analyzing it and turning it to effective action is a process that not only requires great skill, but can deliver vast rewards.
Mere data is shapeless, providing limited insight without the proper tools to drive fact-based analysis and decision making. The insight afforded by amalgamation of Business Analytics can make all the difference in the ever expanding global marketplace. Data collection alone isn't enough to make a difference on the ground, where practical information matters most. In fact having a lot of data does not connote that you are deriving value from it. Only when you can understand what that data is trying to tell, will you be able to use it for factual and accurate decision making. This is when data has transformed in to information from which you can gather intelligence.
Knowing how to convert core data in to information that can be used to benefit their organizations is important. Business Analytics can transform information assets in to a competitive advantage by delivering fact-based insights. Those insights can have a far-reaching influence on relationships with customers and suppliers, in addition to enhancing an organization's operation and performance. Used to its fullest potential, Business Analytics can enhance and empower an organization beyond its core business objectives and take it to new, unforeseen heights.
The whitepaper "Information is King: Business Analytics in the age of the downturn and (Re) emergence with the customer", tries to understand how companies can optimize Business Analytics to improve fact-based decision making.
