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How to make better business decisions

 

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Looking for the best path forward to guide your company’s evolution to the next generation of integrated, high-value BI solutions? The HP BI Maturity Model helps you evolve in the right direction as you more closely align your business and technology organisations. Our BI Maturity Model podcasts – including this introductory podcast – help you get started. Complete our online maturity assessment and you’ll gain access to another podcast in the series that specifically addresses your place in the BI Maturity Model.

The quest for better business intelligence capabilities and improved decision making marches on. For over a decade, companies have been investing in business and technology initiatives to help reach these two important goals.

Along the way, you have no doubt acquired a rich set of building blocks to leverage as you work toward creating a more integrated, agile business intelligence environment. But how do you leverage your past investments while striving to meet increasingly sophisticated and complex BI demands?

To help advance your capabilities around BI and business performance management, HP has developed the HP Business Intelligence Maturity Model. Based on our experience with clients in a variety of industries, this model outlines a path forward and helps you more closely align your business and technology organisations.


Stepping through the five stages of BI maturity

The HP BI Maturity Model examines the characteristics in each stage of the BI journey, while describing the steps your company should take to advantage your capabilities from one level to the next:

  • Stage 1: Running the business – focussing on operations and strategic planning efforts, including gaining executive support for BI initiatives, generating consensus among business and IT leaders about how to best approach BI and developing specific plans for reaching higher levels of maturity
  • Stage 2: Measuring and monitoring the business – targeting improvement – with the help of the right tools and governance models – to move from single-subject data warehouses or data marts to more integrated BI solutions that can be leveraged across departments
  • Stage 3: Integrating performance management and intelligence – promoting alignment of business strategies around business performance management with BI investments, as well as aligning decisions around data definitions and streamlining technologies
  • Stage 4: Fostering business innovation and people productivity – advancing BI as a component of all strategic initiatives, embedding analytics in business processes to enable frontline decisions and bringing BI to the masses
  • Stage 5: Creating strategic agility and differentiation – achieving BI excellence with a more dynamic view of your business coupled with ongoing strategic planning and governance

Two ways to learn more about BI maturity

1. Take the online maturity assessment.
Determine your organisation’s BI maturity level and learn the next steps for improvement. Answer five short questions – and you’ll get a customised report summarising your current level of maturity and offering suggestions for progressing to the next level. You’ll also receive access to a special podcast that specifically addresses your place in the BI Maturity Model.

2. Listen to the introductory BI Maturity Model podcast.
Hear how using the HP BI Maturity Model can impact your business, as Valerie Logan, information management services leader, HP Worldwide Consulting and Integration, offers insights on BI evolution and digs deeper into Stage 1 of the HP BI Maturity Model.

 

How to make better business decisions
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