Friday Aug 01, 2014

Rules of the Road for Enterprise Data Discovery

The challenge many companies face today is that insights remain elusive, even though data and the tools to handle it have proliferated. In response, as discussed in the Gartner, Magic Quadrant for Business Intelligence and Analytics Platforms (Publication: February 2014), data discovery capabilities are dominating new purchasing requirements, even for larger deployments, as alternatives to traditional BI tools. But "governed data discovery" - the ability to meet the dual demands of enterprise IT and business users – “remains a challenge unmet by any one vendor” {as seen at the time of the report}.

Some customers have been tempted to go with more departmental solutions (as opposed to a more “Enterprise-class” product) to meet business demands for greater self-service analytics, but are often still frustrated by continuing needs to get access to the right data sources: ultimately finding they have selected a limited product solution which does not deliver on the promised business value.

However, partners familiar with Endeca Information Discovery, especially with version 3.1+, will appreciate that its integration to OBI Foundation, coupled with ease of use and the ability to mash-up disparate data and text sources, give Oracle a pretty good response to this client need for governed enterprise data discovery.

To help you navigate this discussion with your key clients, can I suggest you use this white paper (@ The 5 Rules of the Road for Enterprise Data Discovery) to help clarify the agenda, and to help you to guide them towards a sound strategy which will deliver to them real value.

We do not see this as diminishing the need for a solid BI foundation: indeed this is the pre-requisite for sound data discovery. Enterprise data discovery is a natural complement to existing business intelligence practices and platforms, offering analytic agility without compromising quality. Our suggested rules are:

Tuesday Nov 06, 2012

Why Do Spreadsheets Not Work in an Enterprise Planning Environment ?

“Around 93% of managers gather or analyze information in spreadsheets and 54% spend more time gathering information than analyzing it....”  Find answers in this Whitepaper: some extracts below:

“Traditional budgeting and planning is a straight jacketed and hierarchical exercise.... how many businesses have planning and reporting processes that are smart, agile and aligned? The networked economy challenges the fundamentals of business organization, for example, where does the front-office stop and does the back-office start?  Is it still meaningful to plan for customer, channel, or product profitability, or is transaction profitability the only measure that counts?

“Although conceptually, the idea of enterprise business planning is relatively straightforward it has proven to be illusive, because of over reliance on spreadsheet-bound processes, a lack of control over data quality/management, limited use of advanced planning tools and the cultural impediments that afflict many planning processes.

“In the absence of specialist tools, businesses tend to opt for ‘broad brush’ assumptions in financial plans which merely approximate the more granular assumptions used in operational plans.

“Most businesses are familiar with the relationship between risk and reward but in assessing potential opportunities and developing business plans rarely acknowledge risks and probability in a formal way.

Get your customer to see how they do against the “Enterprise Business Planning Checklist”: get them to read the Whitepaper.

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