Today, the Global Science & Technology Forum (GSTF)-a specialised training and certification provider and independent promoter of global research and development across multiple fields of science and technology-kicked off its two-day event entirely devoted to all matters to do with business intelligence and its use in the real world: the Business Intelligence Asia Pacific Summit 2012.
We caught up with Anton Ravindran, President of the GSTF, and CEO and co-founder of Rapid Start (the GSTF's authorised training partner in Singapore) just before the event to gather his thoughts on key areas of concern in business intelligence (BI) today.
How did you arrive at the current programme for your Business Intelligence Summit?
Ravindran: The GSTF BI Asia Pacific Summit 2012 serves as a platform for delegates to acquire knowledge of the latest in BI technologies and its impact on businesses. BI is one of the three leading IT technologies of today, including cloud computing and mobile applications, that drive enterprises, which are expected to transform existing business models. The Summit brings together the best minds in BI technology, both from academia and the industry.
What is your personal choice of highlights at this year's Summit?
GSTF has been able to bring leading academics and practitioners along with 5 leading organisations who will be presenting their case studies at this Summit to share key insights on BI, focusing on trends, challenges and prospects.
The Summit is a chance for leading organisations, being this year's BI Excellence Award finalists, to share their successful BI projects, underscoring their experiences in developing and deploying innovative BI solutions that are set to transform their enterprises.
What do you consider to be the most pressing BI issues currently facing organisations in Asia and their ICT divisions/leaders, and how do you rate their capabilities to address them?
Critical issues challenging BI are: the inability of businesses to acknowledge that BI initiatives are cross-organisational; the lack of trained and available staff to engage in the BI project; heavy dependence on separate and different BI methods and tools; business organisations' failure to evolve; and, the lack of best practices among organisations that apply BI tools.
Decision-making in business organisations are traditionally compartmentalised. Rather than studying the impact of their decisions or strategies on the organisation as a whole, each department is limited to carrying its own individual projects and work solely on specific objectives. And once those organisations turn to BI system, they miss to maximise the information provided by BI and fail to achieve optimum results for their businesses. Organisations thinking to apply BI technology should learn how to integrate all information, whether sales, key performance indicators, or market trend analysis, in understanding how their businesses fare.
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