Different levels of the organization will give you a strategic view, a tactical view and an operational view of the information that needs to be gathered and how it will be used.Ī cross-functional team also ensures there are advocates for the strategy throughout the organization, and provide you with an expert in each area of the organization, as team members will be able to understand the information. It’s important to bring together subject-matter experts from various parts of the organization, which will provide different views into the information that needs to be gathered. Which leads to another key component, having a cross-functional team. The Executive sponsor can also provide the corporate view of the key measures that need to be gathered and analyzed. This will help with support and buy-in across the business.
It’s also important that the rest of the organization sees that the Executive finds value in the strategy. The sponsor will be your voice at the Executive table, will support any funding decisions needed and will help remove any roadblocks to implementing the strategy. The sponsor needs to value the data and understand the benefits of it to the business. The first consideration is to ensure there is an Executive sponsor, often the Chief Financial Officer. There are some key components to consider when building your team. Whatever the size of your business, it’s important to build an effective team to develop and implement the strategy.
It’s important to know where you want to go before starting down the road. “Establishing a centre of analytics that provides key business performance measures that are easily understood and actionable.” This will help you build your vision for the strategy, which could be as simple as:
GETTING INTO BUSINESS INTELLIGENCE STRATEGY FULL
The key is effective use of business intelligence.īusiness intelligence has a long history in supporting business, from the days of filing cabinets full of information to computer storage and data warehousing. The effective use of business intelligence has the power to support and grow any business.