Information Management and the Enterprise
Recent Gartner research, titled “Predicts 2011: New Relationships Will Change BI and Analytics,” states that “new devices, new functions, new types of providers and new uses will alter the way enterprises buy and use business intelligence and analytic applications.” The renewed focus on information management witnessed a major interest in BI and analytics by enterprises that now comprehend that these two elements can alter crucial decisions and also transform their business positively. Every enterprise needs to be aware that information management and strategy are essential elements of any form of business transformation. Most enterprises move from a siloed approach to leveraging information efficiently as a complete enterprise asset.
Enterprises are on the constant lookout for solutions that can help provide them real-time information on market dynamics, customer trends and internal operations. Such a business-critical solution can ensure that the enterprise can drive forward their business. The idea for every enterprise is to have a ready support system that can gather intelligence quickly and evaluate it even more swiftly. Business Intelligence led information management solutions can help enterprises enormously by enhancing their overall operational efficiencies. Business application services and solutions, when aligned closely with the enterprise’s business strategies, can also assist in planning and optimizing customer related analysis.
Were you aware that almost 85% of an enterprise’s information lies in an unstructured format outside the enterprise’s database? Did you know that 30% of employees spend most of their time looking for information? Did you also know that close to 40% of IT budgets are spent integrating that same information the employee was searching for in the first place? The solution lies in information management. An optimized information management solution can rapidly enhance an enterprise’s decision making abilities. It can also align and track the goals and objectives of the enterprise and can easily reduce costs and enhance operational efficiencies. Additionally this solution can ensure complete compliance with all regulations and can ensure that all data and information is shared easily with stakeholders and customers alike. Such a solution can reduce the wasting of valuable resources, especially labor, equipment and supplies. It can also reduce the filing requirements of important documents since these vital documents will be kept as separate protected records.
With an effective information management solution every enterprise can deal with all its problems that are connected to data management.