Executive Resources

The Road to BI Success

Source: IDC
Organizations are increasingly focused on business intelligence (BI) and analytics projects that help reduce costs or retain customers. But justifying the high cost of BI software will be challenging unless short-term benefits can be directly correlated with the investment and these projects can be executed within the long-term strategic plan of the company. Know the questions you need to pose for a successful BI strategy.



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Credit Risk Management: Collateral, Covenants and Risk Review

If your organization is still managing credit risk manually, you could be leaving your company open to experience significant losses and complications that can harm its financial well-being. Multiple systems, piles of paper, inconsistent or out of date information- all could end up costing your company dearly. Today, the best way to ensure that credit risk is being appropriately monitored and managed is with the adoption of an automated system. With the implementation of an automated system, accuracy of data and efficiency of execution are significantly improved, and risk is monitored in a superior and more effective manner.

In this white paper, IBM highlights the benefits that an automated system for credit risk management can bring to your organization, including a reduction of human error on multiple levels, a marked increase in compliance, the capability to quickly track a data trail, and the capacity to effortlessly update and upgrade across multiple accounts and systems. Automation means valuations are up to the minute, and that transparency is increased. Document imaging, data entry, and automated workflow can resolve many problems previously encountered with manual procedures.

IBM’s Business Analytics offers a comprehensive 5-point action plan involving the importance of automating collateral processes, how to consolidate diverse systems and data, the benefits of automating collateral and covenant monitoring to reduce risk with the latest available information, and how automation supports release processes for minimized risk. Credit risk management can be modernized and refined as a result of changing towards an automated system.

Using Data Analytics to Transform Your Business Processes and Your Business

Implementation of data-driven analytic platforms is quickly becoming the new business normal. New analytic tools are allowing organizations to improve the performance of routine tasks and procedures based on real-time, high-quality information, resulting in vastly improved operational and financial decision making. Dundas Data Visualization is a dashboard solution that can help your business increase compliance and improve efficiency by transforming raw data into visual information. Visualizing your organization’s data can give you a clearer understanding of what’s really happening in your organization, and help to identifying potential challenges. The adoption of Dundas Data Visualization dashboard solutions can help your business perform far above others in your field.

In this white paper, learn about what data analytics are, and how, in conjunction with up-to-the-minute information and access to great visualization tools, you can use them to your best business advantage. Dundas Data Visualization provides a detailed set of four key factors to help you develop better insight through advanced analytics: defining of business objectives, aligning stakeholders on business challenges, identifying meaningful metrics for better success, and putting insight to work by utilizing visual tools for more rapid understanding of concepts. Read tips on how to establish the definitions of success for your company through the development of a data discovery framework to harness the full potential of your data. Learn why it’s crucial to develop a system of support for and management of data analytics within your organization before adoption takes place, and why simply visualizing information can help with the adoption of new data analytics tools.

Five Key Elements to a Successful Business Intelligence Solution Implementation

It’s an unfortunate fact that a large percentage of projects fail when companies aren’t fully prepared for the adoption of Dundas’ Business Intelligence (BI) solutions. The good news is that Dundas BI can yield your company better success rates when your organization is fully committed to and prepared for the change. With the proper groundwork and development of a detail-oriented execution plan, the adoption of Dundas BI solutions can be a success. And with successful implementation, Dundas BI can help you realize your business goals.

In this white paper, Dundas BI offers a roadmap for successful adoption of its solution, addressing the main factors an organization must pay attention to in order to achieve set goals. To ensure that your BI project prospers, read and follow a detailed five-point plan that will allow your organization to lay a solid foundation to work from, and improve the odds of successful adoption rates. Details and recommendations on effective implementation are made within the five areas that must be addressed: clear communication, identifying activities and actions that drive results, quick access to real-time data and information, and displaying key performance indicators (KPIs) to inform and motivate your team. Learn why documentation of information is critical to all team members, why only looking at the end result—the success or failure of a project—rather than those of individual tasks can cost you, and how real-time data is important for trend watching. Read about the value of defining and clarifying KPI metrics so that the best possible success can be realized.

Real-Time Versus "Right-Time" Decision Making: A New Competitive Advantage

In this day and age, the ability for a company to utilize information quickly and effectively is more important than ever before. But faster access to increasingly large amounts of data doesn’t always mean that good real-time decisions are being made.

Finance has to be involved in the selection and use of new analytic tools which rapidly define and filter data from a variety of sources. Selecting and sorting information into what’s vital to decision making and what isn’t allows for better decision making to occur. A company’s data needs to be defined and synchronized consistently across the board, but quality of data also has to have value in order to be of use. The data then has to land in the right hands in order for the right actions to be implemented. Quality, real-time data has to be accessible at the right time, in the hands of the right people.

In this white paper, learn what right-time decision making is and how to use analytics to your benefit, e.g., to test hypothetical choices before implementation. Get information on how to create strong data governance to support high quality data, investigate analytical tools for problem-solving, and learn how the delivery of information to decision makers can affect your business choices positively or negatively.

The Convergence of Enterprise Governance, Risk & Compliance Software Solutions

The market for governance, risk, and compliance is still a maelstrom. Some vendors offer GRC software for the enterprise (eGRC), whereas others offer GRC for monitoring access and communications for compliance (IT-GRC). What’s more—both branches of GRC use technology to automate highly complex processes, while some GRC vendors offer capabilities that overlap both areas. To get a sense of the current attitudes toward GRC, Hypatia Research evaluated more than 20 GRC software vendors and interviewed more than 660 users of these applications. Read up on best practices, benchmarks, and vendor ranking.