Remember when you needed separate electronic gear to play back music, make phone calls, take pictures, record audio and access the Internet? The year was 2006. It was great for vendors, but a mess of expensive choices for consumers.
As successful companies grow globally, they must follow two seemingly paradoxical paths. First, they need to present a single face to all markets, ensuring that every marketing penny spent builds a common brand and value proposition. Secondly, though, they need to cosmetically alter that single face in each separate region and country to match cultural norms and buying behaviors that often differ widely.
When a leading business advisory purchases enterprise performance management software for its own use and allows the supplier to reference its purchase and successful implementation, it’s a compliment of the highest degree and a solid gold endorsement.
As anyone who’s ever tried to cultivate an attractive garden discovers, weeds are inevitable. They crop up from seemingly nowhere, and if left unchecked, flourish like … well, like weeds. Over the four decades since Visicalc and Lotus 1-2-3 drove the first Modern Business Analytics wave, fueling early PC sales in the process, spreadsheets have become the ubiquitous weeds clogging business processes around the world.
The role of the CFO is in the spotlight once again as businesses across the world grapple with the fall-out from Brexit. Boards of management will be turning to their CFOs for data-driven insights to help guide them through the next 24 months.
From the code of Hammurabi through the Magna Carta and centuries of Juris Prudence, the legal profession has always been a highly conservative one. This is only natural considering that its foundations are built upon following established precedents and fact-based arguments.
But when it comes to business management technologies, law firms have discovered in recent years that a conservative approach is all too often a dangerous one.
Would you purchase a new home without walking through it? Or a new car without a test drive? So what I can’t fathom is why so many companies shopping for major planning and forecasting software don’t take the same advance steps before signing contracts to ensure a solid fit between what they want to accomplish and what a vendor can provide.
There’s an old saying that you should never bargain shop for brain surgeons or parachutes. I propose that the same advice holds true for selecting BI and analytics software, which today feed the lifeblood of large enterprises.
History has shown that the large foot prints and overall rigidity of traditional BI stacks failed to provide business users the independence, agility and ease of use they needed to effectively apply analytics to their lines of business and gain the insights needed to make informed and profitable decisions.
As more and more enterprises explore the Cloud as a potential home for future BI and analytics solutions, they’ve often run into a fog bank of confusing offerings from dozens of vendors who are often more adept at hype than living up to customer expectations or requirements.