Three building blocks promote the implementation of a Digital Enterprise
1. improve data management.
The first building block in a data value chain is data acquisition, i.e., the provision of raw data. The better the subsequent data integration and the higher the data quality, the more valuable the "raw material" information becomes as input for the analysis processes. Therefore, methods and tools from the areas of integration, data quality and data management have emerged as success factors for the collection, preparation and management of mission-critical data assets that companies should implement. Continuous improvement of data management and data quality are essential for corporate success and thus also for digital transformation.
2. optimize data analysis.
The value of data is to provide companies with insights into various aspects of their mission-critical processes and their outcomes. Therefore, data analytics is the second building block to generate value from data. Data analytics capabilities vary widely in terms of complexity and purpose. The most important starting point here is that a Digital Enterprise should use a broad bouquet of data analytics techniques, ranging from reporting and state-of-the-art statistical techniques to AI and machine learning.In addition, companies should use data analytics in all their business-critical applications. A BI platform such as WebFOCUS from Information Builders integrates the intermediate results and provides a holistic picture of the company using a variety of methods and procedures.
3. monetize data.
The third building block is that the data is operationalized or monetized. In the course of operationalization, the BI platform provides the data relevant for decision-making from a central location to all responsible managers and users in the departments. The operationalization of data analytics results is often the most misunderstood step in the process. There is still a significant amount of catching up to do here.The goal of monetization is to increase the company's value creation, drive innovation and open up new markets. Monetization is an essential building block for establishing a fact-based decision culture in which BI and analytics are an integral part of all business processes. "The successful transformation to a digital enterprise requires the establishment and continuous further development of a high-performance IT infrastructure, efficient management of the data value chain and the establishment of a fact-based decision culture," says Giuseppe Scattarreggia, Regional Director Switzerland at Information Builders. "Business intelligence tools form the control center of a company-wide fact-based decision culture. Users at all hierarchical levels are then able to access data across departments and prepare decisions that have strategic relevance for the digital transformation of the company."
