Google Effect is attention deficit problem where facts can be easily found but not understood. Our brains are physically changing due to data accessibilty. Companies have similar problem due to information hyper production.
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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.
Continue reading Release of Great Business Intelligence Resources [...]
Is it possible to have information place in company where everlasting changes cannot spoil strategic information sets? Further on, what is the sense of permanent change in companies. Why so often companies have to reshuffle and totally replace decision making basis? Software, hardware, vendors, consultants, experts, business analysts… Everything has to be changed from time to time, and does periods are getting shorter and shorter. Actually when one implementation of the particular core information system is made others are already on the way… And so on and so on. How this permanent changes affect strategic decision making systems?
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Management faces serious problems in the decision-making processes due to information overload. With financial and economic crises corporations generate internal information like never before. Information generation is forwarded toward decision makers, strategic decision makers. Management has to deal with hundreds of pages of key performance indicators presented in graphs, tables, projections and similar. It is overwhelming for persons to handle all information. It is almost impossible to correlate all information and to create knowledge of it, because everyday information overload includes thousands of Key Performance Indicators and Financial Ratios.
Continue reading INFORMATION OVERLOAD – Problems and Solutions [...]
Assume to have the best business analytics in one person. Assume to have best financial analytics also in one person. Assume to have it all in one person, analytic superman. Or have it one Dream Team. Super team is something more realistic… Assume to have best Business Performance Management tool on market… , implemented and operative in your company.
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Knowledge Convergence and Direction to Strategic Vision
To repeat text from our old post…
Information becomes knowledge with: analysis, comparison, making relations and with cause effect connection. That’s why information need to be accurate, on time, valid and usable. It is not any more problem to gather information but it is problem to interpret them and
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There are many knowledge generators in company that transform information shaped streams under predetermined circumstances to knowledge. For example, any Information Reporting System or Predictive Analytics solution is a kind of knowledge generator, because it provides to analysts shaped and formed information in information environment, in certain conditions. Information in context is a knowledge. Analysts process information and create knowledge, corporate knowledge. It is internal fountain of competitive information. That is great. So, we have many knowledge generators since we have many departments and information analysts that consume information and create beneficial and applied information, let’s call it corporate knowledge. Where is the problem?
Continue reading Knowledge Dispersion [...]