June 17, 2016
Every two weeks we will share some of the best articles we’ve found that cover the most pressing topics in business, finance, tech and more. Follow along on a daily basis with our Twitter account @Vendavo and on our LinkedIn company page.
We strive for the Social Round Up to showcase interesting news items that are not prominently displayed in the headlines. With a tragedy dominating the conversation this past week, we hope this week’s round up can provide a minor distraction. This week’s theme is business intelligence.
Synopsis: The rapid increase in the amount of data has led to decline in transparency throughout the organization. IT leaders must be ready to disseminate the information gleaned from the data to all teams to ensure everyone is on the same page. However, there are three things to consider before stepping from Big Data to business intelligence.
Key Quote: “The net results of a decision in one department may have unanticipated, non-intuitive results elsewhere. And when that negatively effects your actual bottom line you may not get a “re-do.””
Synopsis: A communication gap is present between CIOs and CFOs. CIOs commonly think CFOs are focused on the bottom line while completely disregarding technology. That is the case less and less in the modern, tech-reliant business world. There has to be an honest conversation between the two leaders to express a mutual understanding and align objectives.
Key Quote: “CFOs are asking pointed questions about technical architecture because they want to know how to maintain a stable infrastructure that helps their companies to grow and create competitive advantages.”
Synopsis: For years, business intelligence had a mystical air about it. IT served as the gatekeeper while the remaining departments were kept in the dark about where these insights manifested. Not anymore. Now, business intelligence has been demystified, with different teams and employees able to utilize new technologies to discover their own insights.
Key Quote: “To maximize BI’s value, however, CIOs and their IT teams will need to help resolve challenges related to security and data flaws.”
For a look at previous editions of the Social Roundup click here and be sure to check back in two weeks for more updates!