R.L. Fielding is a freelance writer who has written on a wide variety of topics, with special expertise in the education, pharmaceutical and healthcare, financial service and manufacturing industries. How to generate competitive insight in your organization
Every leader wants his
business to generate competitive insights better than his competition. But how
do you find the process insight that will enable you to build
insight-generation capability into your organization? Like many processes
within your business, insights are GIGO-oriented: garbage-in, garbage-out. The
insights generated by your organization (the “output”) are highly dependent on
the information being analyzed (the “inputs”). Insights are gleaned from a
variety of sources. Often, they seem intuitive – leaping fully formed into an
individual’s mind.
An executive seeking to boost
his or her team’s insight productivity should understand which inputs are
involved in the process and come to terms with the fact that some factors he or
she cannot influence. With a limited array of inputs subject to the employer’s
direct control, your focus should be on maximizing the ability of those inputs
you can influence. Often this means actively minimizing insight inhibitors.
Insight Inhibitors
Insight inhibitors are the
structural factors within your organization that significantly decrease your
insight productivity. In general, there are two kinds of insight inhibitor:
While Accessibility Barriers
tend to be manageable through the judicious application of technology, Process
Inhibitors can only be addressed through your business culture and processes.
Your organization may have a culture where “thinking out-of-the-box” is not
encouraged. Your compensation structures may be designed to discourage
risk-taking. Your “idea workflow” may be too bureaucratic and slow. Or perhaps
your employees do not have an “insight pathway” to follow.
If your employees have
problems applying their insights, they will be discouraged from coming forward
with ideas. They will still generate insight: people are naturally creative and
will always discover insights on their own. However, such process inhibitors
will do something more dangerous: they will inhibit the application of
insights.
Leveling Accessibility Barriers
Accessibility Barriers can be
removed through the application of technology. Significant improvements in this
regard have been made over the last ten years with the advent of corporate
intranets, enterprise search and business intelligence platforms. While these
technologies significantly increase insight productivity by lowering
Accessibility Barriers, they are unable to actually level them.
The corporate intranet has
become the information hub of the modern enterprise. Your corporate intranet
provides you with a natural distribution platform for providing employees
throughout your organization with the information they need on-demand. It is
through your corporate intranet that employees can access the tools that
provide them with information: business intelligence platforms and enterprise
search systems.
BI platforms – one of the
driving promoters of insight productivity in the enterprise – are a valuable
tool to provide employees with the numerical data on enterprise performance.
The primary benefit of integrated BI platforms is that they erode or eliminate
the existence of information silos within your organization. They also provide
necessary support to your business processes and a “baseline” view of your
organization. But while BI platforms successfully address the problem of
information silos within your organization, they fail to resolve problems of
rigidity or super-user training requirements.
The bottom-line from an
employee’s perspective is that while the corporate intranet provides a
centralized repository of information that is readily accessible, the available
tools for finding and accessing this information fail to remove existing
accessibility barriers. However, executives seeking to remove accessibility
barriers within their enterprise can utilize a new set of tools to accomplish
this goal: numerical data search engines.
Numerical data search engines
integrate the ease-of-use of enterprise search with the data manipulation
capabilities of business intelligence platforms. The result is a search engine
that can automatically access any data within your organization, find on-demand
information relevant to any user within your organization, and return that data
to the user in an accessible and easy-to-use format. By seamlessly integrating
with your existing technologies (including enterprise search and business
intelligence), numerical data search engines systems effectively addresses all
three of the most-common accessibility barriers.
Through judicious use of each
of these three technologies (BI platforms, enterprise search systems, and
numerical data search engines), your organization can remove all accessibility
barriers and maximize the likelihood that your employees will generate
productive and valuable insights at all levels and in all roles within your
enterprise.
About R.L. Fielding
R.L. Fielding is a freelance
writer who has written on a wide variety of topics, with special expertise in
the education, pharmaceutical and healthcare, financial service and
manufacturing industries.
About ChartSearch
This article was provided by
ChartSearch. ChartSearch is a newly
launched enterprise technology company which helps businesses maximize insight
productivity through the use of a first-of-its-kind numerical data search engine and real-time
business intelligence platform. With ChartSearch, businesses can find and
extract research data on-demand, then automatically visualize it in a readily
accessible form. For more information, please visit www.chartsearch.net.