Welcome to the intelligent Business Exchange.  This exchange provides opinions and analysis from our management team around data analytics, business intelligence, and performance management topics to improve your business.  You can search the blog by entering key words in the fields below or navigating to posts via the search controls to the right.  We hope you find the information useful in improving the performance management of your organization.  We welcome comments and feedback on your experiences, challenges, and opportunities as we all strive to lead our organizations to make wise decisions.

 

Author: Tim Brands Created: 5/18/2009 8:44 PM
Insights, trends, and analysis from iBusiness Solutions covering business intelligence, data management, business process management, customer relationship management, performance analytics and a host of other topics.

 A client's internal study shows data sourcing work takes one-eighth the time when they have good metadata to work with.

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 iBusiness Solutions is building a network of individuals, businesses, and organizations to provide children in several rural villages of Guatemala learning opportunities through computer technology.

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Effective business intelligence provides us with independence and freedom that comes from proactively identifying and capturing business opportunities.

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 As we turn our focus away from professional sports, I want to continue in the vein of how organizations are leveraging the best of business intelligence. My hope is you can identify strategies and goals for the use of business intelligence within your organization. This time we will take a look at the New York Stock Exchange.

 

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In the two previous postings on this subject, we looked at the metrics (part 1) and the data management (part 2) practices within professional sports. The final part in this series looks at the culmination of the sports world’s efforts to use data and metrics through the use of dashboards for communication and collaboration.

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In part 1 of this series, I overviewed how metrics impact decision-making in professional sports. In this post, let’s take a look at professional sports’ data management, an area of business intelligence that many businesses struggle with, even two decades after the advent of the data warehouse.

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Earlier this month, I had the privilege of presenting at The Prouty Project’s May Jammin’ Session on the topic of “Metrics and Dashboards for Faster, Wiser Decisions.” I used a fun analogy to compare and contrast the corporate world to the world of professional sports, highlighting that often we spend more time analyzing data from our home town sports teams than we do our businesses. We often know more statistics about our favorite player than our own sales team. We have more information for coaching a sports team (albeit from our most comfortable chair) than for coaching the people in our organization.

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