As the old Chinese proverb says, “may you live in interesting times.” We certainly do.
Change is changing: it’s faster, less predictable, and wider-reaching. In a world of not only market crashes and tsunamis, but also scientific breakthroughs and growing life expectancies, the status quo can change drastically in a month, a week, or even a day.
It’s no longer enough to react to events long after they happen, during annual or quarterly strategic planning sessions. To guide the firm through turbulent waters, decisions need to be based on real-time data and smart predictions about future trends. These decisions require the firm to be not just intelligent, but adaptive.
Business intelligence tools have brought a fact-based worldview to many businesses’ decision-making processes. As the market becomes more complex, these tools are evolving and adapting to help manage the incredible amounts of information generated and enable decision makers to act with confidence.
But the best business intelligence systems aren’t worth the servers they’re hosted on unless they feed knowledge into a workforce that values and is empowered to make fact-based decisions. Buying a suite of tools is easy; changing your corporate culture is not.
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