Business is getting more and more competitive and many organizations are looking to be able to get an edge by collecting data and analyzing it to make better business decisions. One company may want look at weather patterns to better stock their stores while another may need to analyze information to figure out how the introduction of a new product may cannibalize the sales of other products.
The use of business intelligence is not just for large conglomerates. The technology is available so that smaller and mid-sized companies can also make use of data to grow their businesses intelligently. But the implementation of a business intelligence system is not without its challenges.
Join me as I chat with Ed Raffin from National Money Mart, Paul Barter from T4G and Ryan Dochuk from Microsoft Canada and we discuss common pitfalls of using business intelligence for performance management and how National Money Mart is avoiding them and using business intelligence for its planning department.
Podcast Interview Time Index with Topics
|00:00||Introduction of the IT Manager Podcast series|
|00:33||Introduction to topic|
|01:36||Introduction of guests|
|03:16||Definition of "performance management" and "business intelligence"|
|05:02||Why is business intelligence and performance management important? Why now?|
|08:05||Benefits that National Money Mart hopes to see with their implementation of Microsoft Performance Point Server|
|11:41||Cultural changes to how the business data is managed, looked at and accessed|
|12:42||Challenges of implementing a business intelligence system|
|18:48||How do you deal with making sure your data is relevant and consistent?|
|21:50||Other pitfalls to consider when thinking about business intelligence|
|25:21||Advice on how business can overcome the barriers to using business intelligence|
|26:19||Things National Money Mart has done to have a successful implementation|
|29:01||Discussion about managing the data at a deeper level and answer more complicated business questions|
|31:59||Advice on how to drive the adoption of business intelligence across an organization|
|35:40||Comments on where the push needs to come from for an organization to implement a BI system|
|38:21||Business intelligence resources from Microsoft and T4G|