Business Intelligence Planning In A Recession

Let Analyics Help you Prepare In A Recession

In this difficult to plan for economy a company can navigate the turbulant waters a bit easier if an existing Business Intelligence tool is in place. But is that truth or vendor-created marketing noise?

We believe it can be the truth. A well developed, informative analytics or business intelligence solution can help a company identify cost-cutting areas, supply chain inefficiencies and perhaps more importantly, answer what-if questions based on external events. For example a company could execute a new tactical supply plan when some specific indicators trigger. More specifically, if supplier A's costs go up 15% a business intelligence system can help identify work-arounds to prevent the expenditure from reducing profit.

Is it too late?

But is all this a moot point if a company has no business intelligence system in place? Is it too late? The answer is no.

As we have tried to communicate throughout our site, we know how to implement and integrate a busines intelligence solution quickly and at price point that facilitates an almost instant ROI. And we can get it done at zero initial cost.

How? Through our partner technologies we can provide free trials that will help you start understanding and planning. Once you start crawling again we can determine how to be rewarded for helping you run.

We are affected by these economic times as well. If we can help companies succeed then we succeed.

References

Recession fears put focus on business intelligence

By James Kobielus , Network World , 03/04/2008

What's undeniable is that many enterprises are better prepared than ever to deal with economic uncertainty, having invested heavily in business intelligence and analytics over the past few years. read more

Recession-Proof Your Business Ways to Make Your Business Thrive in Tough Economic Times

By Susan Ward, About.com

Whether or not you believe we're in a recession or just headed towards one, there's no getting around the fact that we're experiencing an economic downturn. Declines in consumer confidence and decreased sales threaten all businesses, but small businesses are particularly vulnerable as they often don't have the reserves to help them weather difficult times. read more

Weathering the recession

2008-07-17 By Karen D. Schwartz

Along with these factors, it’s important to look at the company’s IT systems and make sure they are providing the type of information that fosters good decisions.

One of those systems should focus on modeling and forecasting, she said, and focus on a handful of key performance indicators (KPI). One of the most effective ways to measure key performance indicators is to use business intelligence software from companies like Cognos, Microsoft, Information Builders or MicroStrategy.

You should have two to five KPIs, not 30” she said. “And if you have 30, they can’t all be KEY performance indicators. read more