Who Creates Information Value?
Where is information that provides competitive advantage to company decision makers? It comes from company data. It comes also from proper set up of comparable data environment – information. This information is additionally processed with outer information (market, economy, global information, macro environment and etc.). Finally it is additionally refined with own experience.
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Value of Business Intelligence Technology and Internal Resources
Imagine that somebody, modern IT fairy, sets-up all top notch reporting, planning and analytical IT solutions by single move. Imagine that best BI/DWH solutions, Business Performance Management, advanced business analytics and many other infromation systems are completely set and operative… All this technologies are set to your
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Financial Information Systems determine quality of financial statements and decision making processes. They are not strictly defined but their importance is too high to be left in grey area of undefined information systems. They are essential for quality business operations.
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Sometimes it is easier for decision makers to have unclear decision processes, decisions without clear and measurable costing or revenue metrics. Those are individual or related group interests, not company interests.
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Local decision support systems are chocking overall company performance, but many do not see negative effects of localization policy.
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Strategic Business Decisions for better business performance on market are based on set of quality information. It is top priority to set systems that will provide data but with complex systems like corporations it’s not a simple task and throughout the years it’s getting harder and harder due to exponent growth of new and interrelated data. Decisions based on best corporative intelligence are always welcomed and are challenge for management and employees. To support decision tensions IT solution industry created Corporate Performance Management as platform to support stated initiatives.
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Knowledge integration means to connect information that are not possible to connect through information systems, at least not without huge efforts. Knowledge integration means to connect information sets with new relations, something that is not connectable with information intelligence but is possible with combination of experience, market knowledge, internal information flow and etc. When you simply just know that information are connectable…
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I like decision manipulation. Before decision is made I do like to play with possible scenarios, to manipulate with decision, and to fine tune best revenue share. In other words, it is easy to find profitability peak, because costs are more or less fixed for considered decision but revenues are changeable. It is not an empty phrase to say that for certain decisions costs are fixed and revenues are changeable. If changes are made in small steps and if they are directly related with fixed cost categories, they are indeed fixed. On the other hand, revenues can be changeable, depending on price & discount policy, bundled products and services, guarantees, delivery timing, product and services portfolio, and etc. All named factors can be modified without direct influence on cost side. Catch is, these are fine and sensitive steps.
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I’ve seen several decision making models with certain parts of revenues, costs, intangible data. Revenue, cost and business performance categories are extracted and presented in decision models. They are placed into kind of new environment, decision trees and workflows, specialized structures for decision models. I don’t like them! Problem is that this decision making models I’ve seen are partial.
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If you need solution for information mess, Total controlling Concept provides model for handling any information chaos… even exponential information growth in dimensions, data quantity, reports, projections, financial statements. Any information complexity can be solved with Total Controlling Concept. What is even more important all important financial ratios and business key performance indicators can be quickly connected into one simulation platform. This simulation can provide ULTIMATE decision making solution for any management level. Everything is connected and everything influences everything in real time. That is Total Controlling Concept.
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