Decisions should be based on the best possible appraisal of the facts. To do this requires that the breadth and depth of data is taken into account. Even though it has become common practice to talk of a single version of the truth, most companies have at least two – financial and operational.
According to a new Bloor Research paper – From Insight to Action – a situation of this kind jeopardizes the effectiveness and reliability of BI and Corporate Performance Management solutions within an organization, causing them to be of less value, and even misleading, for decision-making processes in the business. What, on the contrary, would really change the game is a situation in which better data delivers better results, and those better results encourage more people to want to use the data to support them, thus creating a virtuous circle.
Better decision making, based on agreed facts derived from a common data pool, is one of the cornerstones of a productive and competitive enterprise” – stated the Bloor analyst. “I believe that the BOARD solution is one of the few products in the market that has the capability of delivering what is required in a single affordable, flexible, and productive package.”