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But, as business demands change, and the face, and nature, of businesscompetition shifts, every enterprise must adapt or die. “That change is driven by user demand for better, more concise information to quickly and effectively support business decisions and competitivepositioning.”
With the right tools, team members are less likely to be frustrated with processes and activities and more likely to feel that they are an asset to the organization and recognize that they understand what it takes to achieve results in the businessenvironment.
Business Intelligence isn’t new but the way we gather, analyze and digest this intelligence is definitely changing. In the past, business intelligence was delivered to senior executives by IT and/or business analysts. There are few businesses today that have the luxury of waiting for information, data or reports.
Studies suggest that 79% of enterprise executives believe that companies that do not leverage big data in the right way will lose their competitiveposition and could ultimately face extinction. Moreover, 83% of executives have pursued big data projects to gain a competitive edge.
While their technical expertise is invaluable, it can sometimes result in a narrower focus on IT operations rather than broader business objectives. To lead effectively, CIOs must bridge the gap between IT and business strategy. Questions to consider include: How are competitors leveraging technology to differentiate themselves?
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