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Data Management for BI: Fueling the Analytical Engine with High-Octane Information
Aberdeen Group, Jan 2011
Perhaps the most important aspect of efficient business intelligence (BI) is the underlying data that feeds into the analytical systems. Cleanliness, relevance, and timeliness are all crucial aspects of data that dictate the quality of the business insight that can be generated from its analysis. As business data continues to grow in both volume and complexity, the need for efficient data management becomes an even greater imperative. Best-in-Class companies recognize the importance of these factors and have aligned resources internally to provide access to more key business data, metabolize new disparate data sources quicker, and deliver valuable insights within the window of opportunity to effect positive change.
This report is based on feedback from 370 end-user organizations across the globe.
Key benefits:
- Deliver Critical Information On-Time
- Provide More Information for Analysis
- Increase Organic Revenue
Aberdeen used the following three key performance criteria to distinguish Best-in-Class companies:
- 12 days to integrate new data sources, compared to 60 days for the Industry Average, and 143 days for Laggards
- 93% of information delivered in 'right-time' compared iwht 80% for the Industry Average and 34% for Laggards
- 82% of respondents 'satisfied' or 'very satisfied' with their information environment, compared with 37% of Industry Average companies and 8% of Laggards
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