Lately, I’ve been talking to a lot of companies about business intelligence, and the ways that organizations attempt to deliver this key capability. While there is a broad understanding of the need to bridge the gap between the business and IT organizations, the evidence suggests that the gap remains unbridged at many companies.
A recent article on the subject from McKinsey: “Analytics Translator: The new must-have role” suggests that the rewards are getting bigger, rather than smaller for companies who succeed in providing business leadership for increasingly critical IT-enabled analytics projects. The logic goes that as data sets get bigger and data mining resources more sophisticated, firms will require a level of leadership that will ensure the maximum impact from their analytics.
The point of the article is persuasive; however, we have argued for a long time that this requirement already exists. In fact, it’s probably the biggest single reason why multifamily companies fail to reap the benefits of their business intelligence projects. As we explained in our own white paper: “Creating an Analytically-Driven leadership Culture,” if business people are blue and IT people are red, then the best business intelligence resources are purple. As both articles strongly suggest, purple people are among an organization’s most prized associates.Read More