Guest post from Les Rechan, General Manager, IBM Business Analytics
I've been sharing some great advice about driving success – and it made me think about our upcoming IBM Vision 2013 conference.
At the recent IBM PartnerWorld Leadership Conference in Las Vegas and IBM Smarter Analytics Leadership Summit in New York, I had the opportunity to talk with business partners and clients about how to drive impact with big data and analytics. We talked about the challenges that organizations face across the four dimensions of big data (volume, variety, velocity and veracity). But, we also talked about two more "Vs" that have been integral to successful implementation of big data and analytics initiatives.
The first V is visionary. It is critical to have people in the organization who are able to see what is possible, what can be implemented, and what can be gained based on new analytics insights.
To be able to transform your business with an effective analytics initiative you need to ensure that there are dedicated people who are exploring your key business challenges with an analytics mindset – and defining a vision for how to leverage analytics to drive insight, action and outcomes. For many forward-thinking companies, this extends to creating an Analytics Center of Excellence, which is an approach we highly recommend for providing expertise and thought leadership for the entire organization (learn more at AnalyticsZone).
The second V is victory – keeping your eyes on the prize, which is the achievement of the desired business outcomes (such as leveraging analytics insight to harness risk, maximize efficiency, improve profit and drive growth). When it comes right down to it, it's all about the outcomes that technology makes possible, not technology for technology's sake.
I've talked a lot about improving your Analytics Quotient (AQ). Our two Vs – visionary and victory – are good reminders that this starts with improving our individual understanding of the power of analytics and how to put analytics to work to address your biggest challenges. You are the visionaries for your organizations. We know that you are at the forefront of driving change and that you are being asked to drive growth, manage risk, and optimize performance for your organizations.
That's where Vision 2013 comes in. This will be a great opportunity for Finance, Risk, Sales Operations, and Compensation professionals to develop their inner visionary.
Here's your chance to hear how other companies are tackling some of the same challenges you are facing and explore how they are leveraging powerful analytics solutions to do it. You will also get the chance to learn how to define an analytics vision for your organization that addresses your financial, operations, risk, and performance management challenges.
We're putting together a really compelling set of sessions for Vision 2013 and will be gathering together an impressive group of thought leaders in the areas of Financial and Operational Performance Management, Risk Management, Sales Performance Management, and Financial Governance and Disclosure Management.
In each of these tracks, we'll be exploring the biggest challenges that organizations are facing as well as how the latest innovations and product enhancements address these challenges.
What are your biggest challenges? Are they based on becoming more automated and efficient? Streamlining your processes? Aligning resources? Making risk-aware decisions? Deepening analytics insight? Addressing changing regulations? Pursuing new growth opportunities?
Some key topics and challenges we'll explore at Vision 2013 include:
· Improving planning, budgeting, and forecasting; delivering more effective performance reporting and scorecarding; automating the production of critical reports; and incorporating predictive analytics into enterprise-wide performance planning
· Leveraging investments in risk and regulatory compliance to enable risk-aware decision making across the enterprise, optimize capital and improve profitability
· Streamlining compensation processes; automating territory and quota management activities; increasing incentive program effectiveness; and improving reporting and analyzing sales performance
· Enhancing controls over financial reporting; meeting new regulatory reporting requirements such as XBRL; and creating the “heads-up display” that keeps organizations on track
Bring your challenges to Vision 2013. We'll bring the clients and partners who will share their experiences and the IBM experts who can help you define your analytics vision, explore analytics solutions, and help with each step on your analytics journey.
I hope to see you there!