Tagged ‘Strategic Perspective’
The concept of business intelligence has been evolving since its inception in 1958 and its rapid development in the 1990s. The idea that an organization has to gather information about itself and its competitors is a core tenet of business dogma. The methods have changed and the people have changed but the basic ideas remain the same.
Any predictions about the future and particularly given the speed at which technology and business practice is changing, is purely speculative. In this article I attempt to put my own perspective of the future risks and opportunities in this area.
The first major development I expect is that business intelligence as a concept will have greater profile and influence over the average business structure. The entrance of competitors and the need to constantly revise practice in line with new trends means that without good business intelligence, firms will be hampered in the extent to which they can make viable ventures. Read the rest of this entry
Not a day goes by without a politician or banker talking about the global recessions. Many would have us believe that the whole world is collapsing around us and nobody is able to make a profit. It is accepted that the recession has hit many businesses both small and large where it hurts, the bottom line.
Customers are no longer willing to go into profligate spending based on unsustainable credit. There have been many bankruptcies both personal and institutional. The darkened mood of the consumers makes them prefer saving to spending.
Unemployment has virtually depleted the reserves of disposable income that so defined the age of the boom and burst. This article aims to ask the question as to whether business intelligence should act as a reactive or even defensive mechanism to cope with fluctuating economic situations. Read the rest of this entry
Information Technology (IT) is the strength of every business. IT is rarely used for planned thinking, but the investments in the IT enabled projects have been in huge demand. If you think, it is just a computer application, and then you are very wrong. I am sure, each and every organization has the knowledge of the advantages, effects and the implications of the Business IT.
Almost everyone is well aware of the fact that the IT is capable of making maintainable and sustainable competitive benefits. In the business arena, the IT is used through value chain of activities that facilitates the business organization to control and optimize the operational functions for effortless decision making process. Read the rest of this entry
One might struggle to associate the agricultural industry with InfoTech projects. However that struggle is partly as a result of stereotypes that are very hard to disassociate from IT. Agriculture is seen as the less glamorous business that cannot possibly be related to InfoTech. On the other hand IT is seen as a primarily office-based endeavor which has no business getting saddled with the agricultural sector.
However this view is rather old fashioned thinking. Agricultural enterprises can range from the small scale subsistence farms to large commercial firms that require huge investment and complex operations. Even for those that are presently small scale, it is advisable to consider up-scaling on the basis that the more technological advanced a farm is, the more likely it is to have large scale customers who pay well. Read the rest of this entry
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