Companies have many problems in defining and creating their own product/service portfolio. In addition, if product portfolio with many types of hierarchies is hard to define… why should be then implementation of product management be easy task for IT?
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Outsourcing is one aspect of business that significantly influences capability of quality data collection.
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Information Systems are not stabile systems because of too many components that might influence final non-financial figures. All that can be done is to give most accurate figures from current definitions and with given resources from unstable systems.
Continue reading Accuracy of Figures for Stock Exchange [...]
Sharing Key Performance Indicators
I was just passing by in restaurant, buying a coffee and then I’ve heard one very interesting conversation of two colleagues. They were commenting how corporation gathers thousands of KPI’s from daughter companies in controlling departments but none of the board management members except CFO can see more then 5 Key Performance
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Business performance evaluation can be a very frightening task given its complexity especially when keeping in mind a large company with its various departments and units with their own specific goals. However it might be quite accurate to say that a company cannot survive in today’s market without measuring its business performance. Every market is packed up with a large number of organizations trying to attract as many customers on their side as possible , thus in order to gain competitive advantage over their rivals a company needs to measure its business performance to evaluate how efficient a company is in reaching its goals and satisfying its customers.
Continue reading if i broke up with him want him back [...]
What is very often misinterpreted in standard Business Intelligence (BI) solutions is that BI can measure performance. BI can measure only for limited segment of non financial performance. Performance cannot be measured if Financial Statements are not included in analysis. Business performance cannot be measured if derivations of financial statements are not measured, analyzed, compared…
Continue reading BUSINESS INTELLIGENCE FOR FINANCE [...]
We live in product hyperporduction world. Just name the industry and there are thousands of products. Products are any kind of tangible and intangible asset and it is paradise for marketing experts. They produce like never before, but this post is not to question value of hyperproduction it is to question marketeers cretivity vs. programers creation.
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Knowledge Management and Business Intelligence
How does Business Intelligence participate in Knowledge Mangement? It does but as one source of information and therefore corporate knowledge. Figure Knowledge Management and Business Intelligence shows participations of differnet participants in information flow and their contributions in (graph at the bottom) knowledge management and in support to different types
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If performance management harmonization of finance and business is made through Business Intelligence modules with just more specialized functionalities it is than really Holy Grail, pure Utopia. If approach is different, made from decision making side and with involvement of basic rules for dealing and interpreting vast numbers of figures then
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Reporting architect has to take care about all current reporting dimensional requirements are built into company information systems. Has to take care about reporting world: management reporting, expert analysis, internal and official reporting and etc. In addition architect needs to also take care about future reporting scaling and development. In other words, shall current reporting business intelligence system function in future with new reporting features and requirements. Shall current reporting system adopt new requirement easily or with lot of money, human, time effort.
Continue reading Reporting Business Intelligence Architect [...]