APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Blockchain

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Singapore Startups

    Smart City

    Software Testing

    Startup

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Retail

    Travel and Hospitality

  • Dell

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Gamification

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    RegTech

    Travel Retail

Menu
    • Business Intelligence
    • Managed Services
    • Blockchain
    • CRM
    • Software Testing
    • E-Commerce
    • Cyber Security
    • Gamification
    • Microsoft
    • Data Integration
    • Low Code No Code
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Business Intelligence
    Editor's Pick (1 - 4 of 8)
    left
    BI & Analytics in Aquaculture

    Matthew Leary, CIO, Tassal Operations

    Managing a Major System Change to Reap Organizational and Business Rewards that Extend beyond Technology

    Christopher Dowler, CIO, IAT Insurance Group

    Customer Data Driving Success

    David L. Stevens, CIO, Maricopa County

    Advantages of Cloud Computing for Data Analytics

    Colin Boyd, VP & CIO, Joy Global

    Is Deep Learning Overhyped?

    Ofir Shalev, CTO/CIO, CXA Group

    Technology Trends that will Shape BI in 2017

    Ramesh Munamarty, Group CIO, International SOS

    SNP: The Transformation Company: Modernizing Businesses

    CEO

    Actify: Redefining Product Data Intelligence for the Manufacturing Sector

    CEO & President

    right

    Need and Challenges of Business Intelligence for Small and Medium Enterprises

    Ashok Jade, CIO, Shalimar Paints

    Tweet
    content-image

    Ashok Jade, CIO, Shalimar Paints

    Why Small Enterprises Need a Business Intelligence: If you look at BI, it is considered as a complicated, time and money consuming IT system requiring a lot of IT efforts and skill to Develop, Maintain and Mature. Whenever this matter comes on desk for discussion—everyone gets excited including IT and Non-IT function but everyone conclude it has time and efforts consuming.

    Second side of the coin is; every CEO and CXO considers it a “Must Have” tool in organisation. Single Source of Truth, Single Version of Truth, Various Analysis and Insight, or Decision Making Support Tools are strong justifications of BI for a CXO.

    So, let’s look at the needs and challenges of BI implementation in small enterprises.

    What are the Challenges that CEO and CFO Encounter?

    1. Growth & Insight on Data: Profitable and sustainable growth is critical, without it, risk of being irrelevant by faster competition or being swallowed by a larger Company is a worry for every SME. So CEOs want clear business insights.

    Cash flow is very important; it is extremely crucial from a survival standpoint that whatever is sold must get collected within credit period.

    CEO and CFO find that the company has a lot of data, MIS team is making multiple reports for them; but no Insights on data. No Meaningful decision can be taken out of these reports. Information in bits and pieces create more confusion rather than provide clear insights. In this case, he thinks it is better to take judgemental call for any important decision rather than wasting time to correct this data and finding out its relevance for insights.

    Bi correctly spells things that are not working well and their impact on the overall business in the near future and long terms

    Quality of Information has become bottleneck in decision making process

    2. Speed & Limited Resources: CEOs want to take rapid decision to have a competitive advantage. They want to know the revenue, cost and spend analysis quickly in various ways and various forms to shift the cost and capitalize the opportunity. They also wish to analyse the available data and in process inventory and its’ correlation with working capital.

    3. CEO’s dependency on IT and MIS team is very high: IT team is very lean and small and CEOs pressurize IT to prepare such reports; but the IT is unable to match the CEO’s speed. IT is working hard—day and night but could not give required data point to CEO.

    In this situation, CEO’s decision could be delayed or wrong due to wrong data points.

    Small IT Team has become a bottleneck in decision making Process

    4. Everyone must have one focus: For success, it is very essential for small companies that everyone stays on same page, speaks one language and data point.

    CEO speaks to Sales, Marketing, Finance, R&D and found everyone has different data points having no correlation with each other as everyone has gathered information from different sources. And accordingly everyone formulates a different strategy for success.

    IT is helpless to pour this data into one single system— correlate and throw some meaningful insights.

    Different unstructured source of data is bottleneck this time in decision making process..

    5. Small Pool of Intelligent workforce: Workforce in field, factory, zonal offices may not be very intelligent to make their own analysis. Intelligent force in Corporate is small team those have huge burden of reports and analysis.

    Reports and analysis needs to be fed to field team and managers and help them to spell their action; this can’t be done manually and must be automated.

    Lack of Automation of data analysis and reports is bottleneck in decision making process

    6. Limited Budgets and Resources: Finally, even if SME decides to do the implementation of BI, still budgets are limited and so it may be possible that priority of BI may get shifted for one or other reason or projects.

    tag

    inventory

    Weekly Brief

    loading
    Top 10 BI and Analytics Consulting/Service Companies - 2020

    Featured Vendors

    Approach Solutions

    Sandy Eastman, Founder & CEO

    Actify

    Chris Jones, CEO & President

    ON THE DECK

    Business Intelligence 2020

    Top Vendors

    Business Intelligence 2019

    Top Vendors

    Business Intelligence 2018

    Top Vendors

    Business Intelligence 2017

    Top Vendors

    Business Intelligence 2016

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Digitalization with the use of digital technologies/Improving business through digital technologies

    Digitalization with the use of digital technologies/Improving business through digital technologies

    Wilbertus Darmadi, CIO, Toyota Astra Motor
    How Marco's Pizza Leaned On Technology To Succeed Amid The Pandemic By Quickly Pivoting To Contact-Free Delivery And Curbside Carryout

    How Marco's Pizza Leaned On Technology To Succeed Amid The Pandemic By Quickly Pivoting To Contact-Free Delivery And Curbside Carryout

    Rick Stanbridge, VP & Chief Information Officer, Marco’s Pizza
    Bunnings  Diy Digital Transformation

    Bunnings Diy Digital Transformation

    Leah Balter, Chief Information Officer, Bunnings
    For a Smarter City: Trust the Data, Ignore the Hype

    For a Smarter City: Trust the Data, Ignore the Hype

    Brad Dunkle, Deputy CIO, City of Charlotte
    Smart Community Innovation for the Post Pandemic

    Smart Community Innovation for the Post Pandemic

    Harry Meier, Deputy Cio for Innovation, Department of Innovation and Technology, City of Mesa
    Artificial Intelligence Enriches Personalized Experiences

    Artificial Intelligence Enriches Personalized Experiences

    Josh Goode, Chief Information Officer, Scan Health Plan
    Investing In Data and Ai to Drive Our Success

    Investing In Data and Ai to Drive Our Success

    Françoise Russo, Chief Information Officer, Tabcorp
    Thai Union-Building a Sustainable Business with Digital Enablers

    Thai Union-Building a Sustainable Business with Digital Enablers

    Rajiv Kakar, Group CIO, Thai Union Group PCL.
    Loading...

    Copyright © 2023 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://business-intelligence.apacciooutlook.com/ciospeaks/need-and-challenges-of-business-intelligence-for-small-and-medium-enterprises-nwid-5531.html?utm_source=google&utm_campaign=apacciooutlook_topslider