Operational BI: Getting 'Real Time' About Performance > > Intelligent Enterprise: Better Insight for Business Decisions

Welcome Guest. | Log In| Register | Membership Benefits

Intelligent Enterprise

Better Insight for Business Decisions

Intelligent Enterprise - Better Insight for Business Decisions
search Intelligent Enterprise
RSS
Webcasts
Digital Library
Subscribe
Home


  • EMAIL
  • PRINT
  • REPRINTS
  • Follow Us on Twitter
  • FOLLOW US
  • Share

Operational BI: Getting 'Real Time' About Performance


Operational business intelligence is about delivering information to people when and how they need it in the context of business need. Explore the five best practices best-in-class companies are using to drive faster, better decision making and higher customer satisfaction.


By David Hatch
January 28, 2008

THE MATURITY CLASS FRAMEWORK

Aberdeen used five key performance criteria in three categories to distinguish the Best-in-Class from Industry Average and Laggard organizations:

Time-to-Decision Performance:

-- Decrease (in days, hours, minutes, seconds) in time-to-information " measured as the time between business activity and delivery of information to decision-makers over the past 12 months

-- Decrease (in days, hours, minutes, seconds) in time-to-decision " measured as the time between business activity and decision/action taken over the past 12 months

Customer Satisfaction/Response Performance:

-- Customer satisfaction Composite Index Result (CIR): combined percentage improvement in customer satisfaction, issue resolution speed, and issue resolution accuracy in past 12 months

-- Percentage of improvement in customer retention during past 12 months

Operational Process Performance:

-- Percentage of improvement in system up-time/data access and availability for end-users over the past 12 months

BEST-IN-CLASS STRATEGIES

The predominant pressure driving companies to implement new (or change existing) strategies around operational business intelligence is the improvement of operational efficiencies. This encompasses the desire to alleviate both economic and intangible costs associated with labor and time-intensive actions that occur on a daily, hourly, or moment-to-moment basis. The use of BI and performance management technologies combined with underlying data integration and professional consulting and training services is enabling organizations to develop strategies and capabilities to alleviate this pressure (see "Best-in-Class PACE Framework" at right).

Flavors of Operational BI
BIC PACE Framework
Click Image to Enlarge

While the improvement of operational efficiencies is the top pressure driving organizations, companies are also prioritizing the timeliness and accuracy of business decisions, and the improvement of management's view of operations. These selections indicate that operational BI has a lot to do with internal processes, and less to do with external business pressures.

To address the top pressures, companies are implementing several key strategic initiatives. All companies agree that alignment of KPIs with strategic goals is a key first step. But Best-in-Class organizations depart from the rest of the field in putting a greater emphasis on establishing end-user visibility, and creating an on-going process for review and re-alignment of operational processes. The benefits of continually reviewing and realigning KPIs based on operational performance can be seen in the performance advantages realized by Best-in-Class companies, as described below.


  • EMAIL
  • PRINT
  • REPRINTS
  • Follow Us on Twitter
  • FOLLOW US
  • Share


 





New on the BLOG
Text Data Quality: Mistakes and More
11.25.2009
blog author
Seth Grimes
I wrote recently on Text Data Quality, looking at issues that affect analytical accuracy, that "the basic text data quality issue is that humans make mistakes, and the challenge is that people's natural-language mistakes defy easy, automated detection." This topic and related non-erroneous vagaries of human language bear further exploration...

Read more from Seth Grimes >>

Curt Monash
Reports of Perfectly-Balanced Hardware Configurations are Greatly Exaggerated
Data warehouse appliance and software appliance vendors like to claim that they've worked out just the right hardware configuration(s), and that a single configuration is correct for a fairly broad range of workloads. But there are a lot of reasons to be dubious about that. Specific vendor evidence includes...

11.24.2009
Read more from Curt Monash >>

Google Chrome OS: Don't Link it to Cloud Computing
11.23.2009
blog author
David Linthicum
With much fanfare, the Google Chrome OS launched last week. Chrome OS is a Web operating system that boots quickly, right into a browser... We've been here before... And I would rather not bind Chrome to cloud computing because I don't think the OS will be around long.

Read more from David Linthicum >>



Intelligent Enterprise Newsletters
Subscribe Here:
*Email:
 First Name:
 Last Name:
  Intelligent Enterprise Blogosphere Newsletter:
  Intelligent Enterprise Newsletter:

Email Type: