Business activity monitoring (BAM) and business process management (BPM) are great ideas that have been around for quite some time. They have also developed significantly since the early 2000s, giving birth to a number of tools and technology solutions to support companies’ BAM/BPM programs. However, implementing these programs and the related tools has proved challenging to say the least. Not uncommonly, large, costly BAM/BPM projects have been abandoned by several companies for lack of results and insurmountable hurdles like integration issues, customization efforts, maintenance nightmares, and so on.
Mounting External Pressures
In parallel, external impositions have increased on companies …
If mobile BI solutions are going to enable organizations to drive growth and profitability, technology or technical know how alone won’t be the only ingredient for success. It starts with leadership and our team’s talent and passion will be the determining factor.
There’s no simple blueprint for success given the resource constraints and competing priorities that mobile BI teams, like all IT teams, face. However, if you study successful mobile BI teams and how they make it happen, you‘ll quickly discover that they share many of the same traits. Here are six key ones.
This blog originally appeared on the CFO Knowledge blog and has been republished with permission.
Throughout my ten-part-blog series, I have been discussing how CFOs can use new technologies to help leverage the finance team in providing greater organizational value. In the capstone summary, I also wanted to note that underlying each of the changes discussed is a theme of greater collaboration.
In many ways, technology is enabling this collaboration. But your speed of adoption will increase if you start with a spirit of collaboration before any implementation begins.
A strong CFO …
Just starting a mobile business intelligence (BI) initiative doesn’t guarantee its success. Success requires a disciplined approach that considers all facets of the mobile user experience.
Numerous businesses succeed in implementing a strong mobile BI strategy that enables them to drive growth and profitability, while others struggle or stumble with mobile BI. I keep running into several myths that make the planning and execution of mobile BI projects more confusing and complex than they need to be.
Watch out for these five mobile BI …
Did you know that on average, only 10% of people in organizations use analytics today? This is quite a low amount and frankly, a bit scary that 90% of people are using gut feel—or experience at best—to make decisions. With mobile business intelligence, we have the opportunity to get instant information to many in the organization with an experience that’s right for all of them.
Mobilizing existing BI investments or building new content tailored for mobile users is now easy and cost-effective, so that BI is becoming more pervasive and essential for day-to-day jobs. If you already went and …
Let’s recap some of what we have learned in the previous blogs. First, planning departments face huge challenges driven by an increasing complex and unpredictable world. Uncertainty reigns supreme, yet the need for effective planning has never been higher.This is one of many paradoxes being faced.
Another is the need for planning efficiency while at the same time a need to embed planning in the lines of business to be as close to front line action as possible. Fortunately, new technologies are supplying some solutions to these challenges—cloud computing, Big Data, in-memory, and mobility.
The Explosion of Cloud Computing
In my last blog of this series, I discussed the value of data analytics to help organizations provide greater assurance over data integrity. I used the example of an insurance company, which was able to use data analytics to more accurately identify potential fraud prior to claim payment.
But just consider the data sources here. For this analysis to be accurate, it will involve more than just financial records. The age, location, gender, income level, and socio-economic background are just some of the additional factors that, together, can allow more accurate identification …
When integrating business and mobile technology, the best solutions—even when designed and implemented perfectly—are prone to face challenges at some point. Mobile, by its nature, is bound to fail or be misunderstood by some of its users (like any other technology). Identifying the right talent with the right background is critical to a mobile team’s success.
It goes without saying that subject matter expertise is required, whether we’re talking about technical skills with design and development roles, or business knowledge with less technical roles. However, when we think of talent for mobile teams …
Over the last month, I’ve been looking at the results of surveys conducted by the Big Four accounting firms regarding internal audit. The messages are pretty consistent—audit departments need to pick up their game. They need to provide more proactive advice to stakeholders. The move from policeman to trusted advisor is requiring broader operational skills within the audit department.
But most importantly, auditors need to leverage technology more effectively. As I discussed in the first blog of this series, mobile-enabled audit management products provide an important opportunity to make the process of …
In mobile business intelligence (BI) design, the “case for small” stems from the need to effectively manage performance and response time for mobile experiences. The concept has nothing to do with smaller screens or device sizes. Instead, it deals with the delivery of the content onto those screens.
One of the common denominators of all mobile user experiences deals with what I call the “patience factor.” Mobile users tend to be less patient about performance and response time than PC users, since they’re on the go with less time to spare.