PKF Texas: The Entrepreneur’s Playbook® - Business Intelligence and Productivity

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Greg Price
Episode: 213
July 04, 2009

Summary:

Greg Price explains how organizations in touch with their own data are light years ahead of their competition. Can you know your customers better than they know themselves? THAT is real power.

Full Interview text

Greg: This is Greg Price with PKF Texas' Entrepreneur's Playbook. Organizations that can take advantage of the wealth of data available to them see opportunities that their competitors will miss. The deep penetration of IT business applications into all areas of an organization which are creating efficiencies, are also creating rich operational data which also some high value.

Organizations can gain insights by looking at how data alters over time in response to different inputs and external conditions. This allows them to ascertain hidden cause-and-effect relationships allowing decision makers to make intuitive decisions in advances of actual results.

Reducing costs is always a goal of Business Intelligence and Productivity, but what happens when you know your customers better than they do and you can anticipate their needs by "your business intelligence"? How important are you then in the eyes of your customer?

To read and comment on the PKF Texas' Entrepreneur's Playbook, visit my blog, fromgregshead.com. PKF Texas – The Fit That's Right!