Introduction
Introduction:
The Changing Information Environment
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As global companies continue to position themselves to succeed in the "new" economy, they are adopting very different business models. This is causing these companies to re-evaluate how they use structured and unstructured information to gain a competitive advantage. As a result, iAnalytics is becoming an e-Business imperative.
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iAnalytics describes an environment within an organisation that supports the collection, aggregation, management, distribution and analysis of relevant information across the entire value chain to positively address stockholders' decisions.
iAnalytics
will empower organisations to:
* Fully leverage strategic business intelligence across the enterprise
* Leverage advanced analytical applications that combine domain expertise, data mining, statistical analyses, and advanced modelling to deliver actionable solutions to complex business problems
* Optimise investments on information technology (e.g. ERP, CRM, DW etc.)
* Simplify the information landscape by presenting personalised views
The iAnalytics solution set contains a set of processes, methodologies, technologies and organisation in support of strategy.
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Responding to growing client demand
The iAnalytics solution set responds to the growing demand for timely information solutions that are tightly integrated from a process and technology perspective, from strategy through implementation.
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Providing the path to the vision
The solution set consists of a roadmap of deliverables that encompass best practices from a strategy, process and technology perspective.
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Representing the best of our offerings
It takes the best of our offerings in integrated performance management, data warehousing, analytical aspects of ERP solutions, customer analytics, human resource analytics, financial analysis methods, and supply chain analytics, industry vertical analytics and aligns them within an integrated, longer-term vision.
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Leading with an elevated method of thinking
The solution set represents a new and elevated method of thinking surrounding business information needs and solutions for our clients. It offers our clients the means to articulate the big picture, as well as the detailed guidelines for alignment and integration of current and future information investments.
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The use of analytical information and tools is increasing and is expected to rise significantly as the new economy continues to evolve.
The market for iAnalytics is vast since it includes all enterprises in all industry sectors.
Merrill Lynch analysts conservatively estimated the 1999 total e-Business analytics market opportunity at $6.5 billion. They anticipate revenues could top $25.1 billion by 2004, approximately 31 % CAGR for this sector.
By the year 2003, Gartner estimates that the usage of analytical applications will include all employees, exceeding 70% penetration of the user market.
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The Characteristics of the changing Information Environment are:
* EAI (Enterprise Application Integration)
* Content Management
* Portal technology
* Analytical applications
* Analytical components of ERP
* Data extract and storage technologies
* Enhanced methods that combine domain expertise, statistical analysis, data mining, and advanced modelling are being applied to deliver actionable solutions to complex business problems
* Quantitative methods are being integrated into applications providing closed-loops analysis and decision-making
* Information solutions must be flexible and delivered at the pace of the evolving economy
* Increased volume of data generated by the web channel needed to effectively support customer analytics, etc...
There are a number of key challenges that organisations face as a result of the changing information environment:
* Need for data relevance and personalisation
* Numerous and diverse legacy systems
* Inconsistent and unstructured data
* Information overload from internal and external sources
* Data architecture based on existing systems and applications
How many minutes a day do you think the average executive spends searching for information? Tom Davenport of CIO Magazine estimates that the average spends 82 frustrating minutes a day searching for information.
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Updated on June 3, 2003
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