The impact of investments in operational excellence cannot be understated. These investments have historically proven to fuel extraordinary results for enterprises. According to Gartner, organizations digging for value in data will spend an estimated $18.3 billion on BI and analytics tools in 2017. Yet several recent studies have shown that enterprises use less than 1% of their unstructured content either to improve processes or for decisions. Likewise, less than half of structured data is used for making decisions.
Agile business processes mean faster reaction to market changes, and better adaptation to changing business environment. Agile enterprises relentlessly focus on bringing down cycle time to market, improve responsiveness and scale the organizations’ potential to innovate. A big driver to process agility is how information is managed within the enterprise. Digital businesses have been continuously innovating in terms of how they’re able to manage the lifecycle of their unstructured content as well as structured data to not only reduce cycle time but also make effective decisions.
This edition of Illuminar marks the beginning of a series of topics focused on Information Management. While this edition covers the concept and overall strategy framework, each of the subsequent editions until the end of this year, will focus on information management in the context of individual business process. We hope to cover interviews and good practices in more detail including HR, Finance, Transportation & Logistics, Shared Services, Sales & Marketing etc. Every edition will be replete with interviews, articles and infographics that is expected to cover the respective business process in more detail.
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