Sunday, August 24, 2008

The Information Needed to Make Instant and Accurate Strategy

Commercial organizations have always relied on business intelligence about markets, competitors, consumer preferences and other information to give them the edge and to stay ahead their competitors. With business becoming more competitive and global in nature, there is an even greater need for fast and accurate information. The success in the next millennium for every organization will depend on the creative, competent and smart use of information.

However, the explosion of corporate information has created almost as many problems as it has solved. A major problem with most organizations these days is overload of information, which needed for their decision making and planning. Many of them are
drowning under the mountain of information that is coming through the phone, facsimile machine, e-mail, Internet, etc. A lot of quality information is being wasted.

A recent survey of over 1,300 corporate executives in Europe, North America and the Asia-Pacific region revealed that a majority of the junior, middle and senior managers in organizations of all sizes across different industry sectors and business disciplines were experiencing an information overload. Thus, too much of information obtain need time to analysis and make better decision. This is costly as a substantial amount of time is wasted trying to get the right, related and useful information.(Rick Mathieson, Do You E-Care? 1998)

online business information services are implemented. The strategy intends to provide a single business information solution for corporate intranets. This is ensures every individual across every enterprise has immediate access to information they need to do their job and make their business effectively and accurately, unhindered by irrelevant, duplicate, inaccurate or ultimately material.

The analysts predict that the great majority of large companies across the world will implement the Intranet in some form within the next three to five years. Thus, it’ll realize the vision to enable every individual within every organisation to profit from the effective use of information.

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