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Collective Insight: Bring People and Real-Time Information Closer Together to Make Better Decisions Infographic

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http://spr.ly/insight-and-me - SAP software can bring your data, people, devices, and business processes together with visually rich, intuitive solutions that deliver predictive insight and help you …

http://spr.ly/insight-and-me - SAP software can bring your data, people, devices, and business processes together with visually rich, intuitive solutions that deliver predictive insight and help you seize new opportunities. And it’s all supported by an enterprise-wide business intelligence platform that provides mission critical data governance.

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  • 1. Collective Insight: Bring People and Real-Time Information Closer Together to Make Better Decisions How good is your company at making great business decisions? Of course, that depends on the results. It also depends on how decisions are being made: Are people and teams collaborating effectively? Is everyone contributing and sharing the latest information to support good decision making? Decisions might feel right – but are they actually right? More than a feeling Style matters 61%of companies believe that “gut feel” and experience alone are not enough for good decision making. And yet And only 50%of company decisions are still based on “gut feel.” 39% Only 34% of companies report that they outperform their most serious competition when it comes to using data to gain a strategic advantage. 34%use management committees. 18%use a democratic or collaborative approach. of companies report using a top-down style of decision making. Companies are challenging the notion of just relying on instinct. How important is the style of decision making? Informed decision making can very much depend on the way decisions are made. The data divide People – connected Information roadblocks What about making better use of business information? Few companies see themselves as leaders when it comes to having a strong information culture. Regardless of decision making style – most companies believe that better collaboration yields better outcomes. Only 1 out of 3 top-down decision makers view information as an asset and critical for decision making compared to 2 out of 3 collaborative decision makers. Culture clash How does information culture impact decision making? Companies that lack a robust information culture also tend to be more top-down. of companies expect better engagement and consensus. expect improved innovation. expect enhanced creativity. 80% 61% 59% What’s the benefit of engaging more people in decision making? For many, the current state of the information environment is inhibiting informed collaboration. So why aren’t more companies engaging in collaborative decision making? An information culture … Collective insight connects information directly to the work people do every day. It has three characteristics that are critical for truly collaborative decision making and execution. Forge a culture that treats information as a strategic asset within your organization and generates the highest returns from your analytics investments. Supported by a real-time information platform … Get real-time, accurate insight from vast amounts of data to make informed decisions faster. And optimized for people. Provide a simple and intuitive experience for people to engage, contribute, and collaborate with data and discover new insights like never before. How can collective insight help? 1 Necessary information is not available. 2 Data quality is not good enough. 3 Information is not presented in a way that is useful. 4 Information is not delivered in a timely manner. 5 Tools for information access are too hard to use. Unleash the power of collective insight SAP® software can bring your data, people, devices, and business processes together with visually rich, intuitive solutions that deliver predictive insight and help you seize new opportunities. And it’s all supported by an enterprise-wide business intelligence platform that provides mission critical data governance. To learn more, download the new white paper exploring collaborative decision making in today’s companies by visiting www.sap.com/insight-and-me. ? Source: “Information Culture: Collective intelligence as the key to better decision making,”BARC Institute, April 2014 Studio SAP | 30870enUS (14/05) ©2014 SAP AG or an SAP affiliate company. All rights reserved.