Strategic advice to leverage new technologies
Technology is at the heart of nearly every enterprise, enabling new business models and strategies, and serving as the catalyst to industry convergence. Leveraging the right technology can improve business outcomes, providing intelligence and insights that help you make more informed and accurate decisions. From finding patterns in data through data science, to curating relevant insights with data analytics, to the predictive abilities and innumerable applications of AI, to solving challenging business problems with ML, NLP, and knowledge graphs, technology has brought decision-making to a more intelligent level. Keep pace with the technology trends, opportunities, applications, and real-world use cases that will move your organization closer to its transformation and business goals.
Insight
About three weeks ago, GEAC announced it was buying financial analytics applications vendor Comshare, Inc. This week, the consolidation of the business intelligence (BI) market continues with recent announcements that Business Objects is buying Crystal Decisions, Inc. and that Hyperion Software is buying Brio Technology.
In the late 1990s, Congress passed a law that required that US government agencies adopt enterprise architectures and subsequently use those architectures when they propose new programs. In essence, Congress wanted to see what IT resources government agencies were using, with an eye to identifying duplication and eliminating inefficiencies.
One reader wrote me that his company is in the process of selecting a packaged data warehouse and accompanying analytic applications. The company has developed an initial list of products that meet its requirements. Now it wants to narrow the list, and the reader asked me if I had any recommendations. Consequently, I've decided to make it the subject of this week's Advisor.