Collaborative Business Intelligence (BI) – the integration of information sharing features and functionality of popular Web 2.0 technologies and social media platforms within a BI platform – has been vaunted by many industry analysts and pundits as the answer to persistently poor BI user adoption rates. A feature-set capable of facilitating pervasive BI deployments, underpinning an analytical culture, and hence supporting improved BI ROI via better, faster enterprise-wide decision-making.
“Collaboration greatly improves the speed at which decisions are made and the quality of those decisions”
- BI Analyst and Author, Wayne Eckerson
According to research reported by Information Management, best practice Collaborative BI deployments have the ability to improve productivity and visibility across the breadth of organizational operations via enhanced knowledge sharing. The study found that those organizations that embraced and implemented best practice Collaborative BI enjoyed a 44 percent improvement in customer responsiveness, a 42 percent boost in employee productivity, a 30 percent increase in business process efficiency, and a 40 percent rise in BI adoption.
The potential is exciting and nothing short of transformational. And the BI marketplace is taking note.
Wayne Eckerson’s Collaborative Business Intelligence: Optimizing the Process of Making Decisions report found that 87 percent of BI professionals believe that “collaboration tools can have a positive impact on analysis and decision-making activities”, while “58 percent of BI professionals plan to evaluate collaboration features when they purchase their next BI tools”.
But, according to Eckerson’s recent study, of those using BI solutions that already contain collaborative features, only 16 percent actually use those features.
So why are users snubbing the collaborative elements currently available, when there’s such an obviously strong demand for features that can assist collaborative decision-making within a BI environment?
Simply, most BI vendors and practitioners get Collaborative BI wrong.
“A collaborative BI environment that is designed for the wrong types of users will not be used and will not provide a good return on investment”
– Independent BI Analysts, Claudia Imhoff & Colin White
According to Gartner’s Vice President of Research, Rita Sallam, inadequate decision support processes for BI mean that organizations are still failing to harness the true power of reporting and analytics – despite improvements in technology and increases in spending.
“We see a real gap between the level of information in Business Intelligence and the quality and transparency of decision making,” she said.
Join us for our upcoming Collaborative BI Best Practices Webinar series to understand how to add context and value to your data.
When and How
There are three concise forty minute Webinars scheduled throughout Monday 17 and Tuesday 18 December for your convenience.
But seats are limited, so reserve yours now!
Register for a session now by clicking on a link below:
Webinar 1 (Best time for Americas)
Mon, Dec 17, 2012, 4:00PM – 4:40PM, (USA and Canada) EST
Webinar 2 (Best time for Asia-Pacific)
Tues, Dec 18, 2012, 2:00PM – 2:40PM, Australian EDT
Webinar 3 (Best time for Europe)
Tues, Dec 18, 2012, 10:00AM – 10:40AM, London GMT
You’ll learn how to:
- Share the right information, with the right people, at the right time, via the best method(s) possible
- Add context and human knowledge to your data to unearth BI’s true usefulness
- Instill an analytics culture at your organization and take the best collective fact-based action possible
- Understand and utilize Collaborative BI best practices to increase user adoption and BI ROI
“If we expect our organizations to move beyond personal productivity tools and work in a collaborative enterprise environment… we better understand how business intelligence should adapt to the way people work and operate; not the other way around”
– CEO and Chief Research Officer, Ventana Research, Mark Smith
Free Collaborative BI research report
Collaborative BI: Optimizing the Process of Making Decisions >
Yellowfin’s Storyboard: Telling stories with data
View Yellowfin’s ‘Storyboard’ media release and download the fact sheet: Yellowfin’s fully integrated and interactive PowerPoint-like presentation and collaboration module for BI content. Go here >
Please note: After registering, you will receive a confirmation email containing information about joining your chosen Webinar.
Following the Webinar, attendees will receive a copy of the presentation slides and a recording for on-demand viewing.
We look forward to seeing you there.
Best regards,
The team at Yellowfin