As the lessons of the recent past take hold, these and other leaders believe that “business needs to adjust its expectations and behavior to a new, post-recession world.”3 This new world will be characterized by basic shifts in entire industries such as housing and automotive, which were hit hardest by the recession. It will also be a world that depends less on financial leverage and pays greater attention to risk.
Perhaps nowhere will this new reality be felt more strongly than in the office of finance. CFOs and other senior finance executives will have to “reset” the expectations of management where necessary, and “cast a dispassionate eye over the costs, benefits and risks of pursuing [opportunities].
Discover a best-practice approach to faster, smarter decision-making today
Can you accurately forecast how a small price change in a single geography for a flagship product could affect sales and availability globally…or plant utilization…or any of a dozen key business metrics, including profitability?
You can, when you know where your information sweet spots are and how to use them.
4 Steps to Create an Effective IT and Business Partnership
Information Management Special Reports, June 9, 2009
A strong partnership between IT and business is the most important, and often overlooked, component to successfully managing critical business data. Undertaking business intelligence, data quality or an enterprise data management project without full cooperation and collaboration between IT and the business is a formula for frustration.
by Maureen Clarry
Originally published March 10, 2009 for B-Eye-Network.com
Between September and December of 2008, Gartner surveyed 1,527 CIOs worldwide. In their report, "Meeting the Challenge: The 2009 CIO Agenda," it is clear that information technology (IT) plays a critical role in the enterprise, especially in this uncertain economy. There are also some interesting implications to consider relative to business intelligence (BI) initiatives:
