The secrets of good business intelligence
KPMG’s Herman Heyns reveals the six steps to BI failure and how organisations can avoid wasting their money on projects that don’t pay off.
In a recent article for AccountingWEB, I revealed that one in two senior managers don’t have confidence in the numbers given to them or have access to the right information at the right time. In a highly competitive post-recession marketplace the ability to make smart decisions quickly, and with confidence, makes the difference between peak and poor performance. The secret to success is good business intelligence.
According to KPMG research, one in two organisations plan to adopt new business models over the next three years; new technologies and new ways of working are stimulating a growing need for reliable, up-to the-minute data. How else will management have the insight and agility to stay ahead of the competition?