Just a quick hello from the road. It’s one of those very exciting yet extremely busy weeks. The IBM Finance Forum events finally kicked off in Europe. The first event was held on Wednesday in the beautiful town of Wiesbaden in Germany.
Which door would you take?
Wiesbaden is known for three things: It is the capital of Hessen, there are some natural springs that have healing effects and there is one of the few well known casinos in Germany. It is the beautiful casino building in the heart of Wiesbaden where the first Finance Forum for the season kicked off. We had a great crowd of well over 250 finance & IT professionals. I had the honor to deliver the IBM keynote. Delivering the keynote at these events is always exciting. But it is especially exciting this year: there are so many great and game-changing things to show.
Apart from many interesting customer & IBM speakers, we also have a few really interesting external keynote speakers. In the US, David Axson will be delighting the audiences. He is a true performance management visionary and inspirational speaker. Make sure to check out his latest book called ‘The Management Myth Buster’. In Europe, Steve Morlidge (author of the book ‘Future Ready’) will be sharing interesting insights about how to improve your forecasting processes. And there are some other speakers as well. Stay tuned for updates. Check out this link to find out about all the dates.
Below are some impressions from the day. I really hope to see many of you at our upcoming events. My personal schedule is update on this website.
Soundcheck at 7:30amHow cool is that? Multi-touch planning powered by TM1.The Kurhaus in Wiesbaden…how nice is that?
Executives often want to have a quick overview of some key metrics to find out what the state of their business is. Questions like: Are my margins on target? Is customer satisfaction within an acceptable range? What is the size of my pipeline? All this information is typically summarized in a dashboard. The easy thing is to simply put this into a table. But tables are hard to read. And they take up a lot of space. The other popular option is to put the data into a gauge chart. But gauge charts take up a lot of space, too. And if we are honest with ourselves: they are really hard to read. Granted they look cool. But do they tell a story in an effective and efficient manner? Probably not.
A BULLET
A few years ago, Stephen Few introduced a new chart that promises to fix the shortcomings of the above described approaches. It is very simple but powerful chart and it is called ‘Bullet Chart’. Cognos 10 allows us to leverage these charts. Below is an example:
Let’s take a look. The above example shows the election results of a fictitious political party. The blue bar in the middle indicates the actual value (4.8%). The short black bullet towards the top indicates a target measure (e.g. budget, forecast, etc.). Color shades display ranges of performance (e.g. poor, acceptable, good). We can quickly see that the party missed the target but the result falls into the acceptable range. It is indeed a very simple chart that provides a lot of information in a concise manner: Target, Actual, Performance Rating. In Cognos 10, you have the ability to set five different performance zones in different shades or colors.
A STACK OF BULLETS
One the things I like about the bullet charts is the fact that you can easily stack them. That makes the bullet chart an ideal way of communicating multiple measures in a dashboard. It is easy to get a quick overview and the stack is very space efficient. In Cognos 10, we can have vertical or horizontal bullet charts.
The stack of bullet consumes little space
CAUTION?
The are just two minor downsides that I see with the bullet charts. The chart in its pure form does not allow us to show the future trend or forecast. Also, it does not display history. It is a simple snapshot in time. But the last shortcoming can easily be mitigated by combining the bullet chart with a sparkline. (I will look at sparklines in the next post)
Toss those gauges! Take a look at the bullet charts next time you design a dashboard. But make sure to train your users. Despite its simplicity, I have seen some people struggle to understand this chart. We don’t want our users to bite another bullet, right?
Photography is a big and important hobby of mine. And it is a tough hobby. There is a lot to learn and the opportunity to make mistakes (read: create photographs that really suck) is huge. It starts with understanding your camera, deciphering basics like Aperture, Shutter Speed and ISO. But the hardest thing for me is photographic composition. Composition focuses on how we design a photograph. Over the past few years, I have studied many master photographers and read a bunch of books trying to educate myself and to improve my pictures (a tough mission as my artistic brain is completely underdeveloped). A few weeks ago, I realized that photographic composition can teach us a few things about Dashboard design. Dashboards should be highly visual after all and they need to convey information in a short-period of time.
Less is more: Many successful pictures have been reduced to a bare minimum. Each element in the frame has a distinct purpose. You will hardly ever find a great photograph which contains empty coke bottles lying around for no purpose. It would create a distraction. By reducing the elements in the frame a photographer creates focus. The same is true for dashboards. We have so much information available. People therefore try to cram as much into a dashboard as they can. And we stick logos, banners etc in there along with messy charts and reports. But less is more. If we reduce the building blocks to a minimum, we can help managers focus on the important things.
Arrange carefully: Successful photographs are able to convey a certain message. The message is crafted by arranging the elements in the frame in a certain way. In other words: we can’t just find a nice scene or object but we need to carefully consider where to place items. The same applies to dashboards. Stephen Few for example points out that we should place the most important block in the upper left corner. That’s where the Western world starts reading. That way we can ensure that managers focus on the most important element first. Also, we can employ different techniques to direct our eyes. (see some examples below).
Choose colors wisely: Different colors communicate different things. Our eyes focus on bright elements before they refocus on darker elements for example. Red or bold elements alert the eye as opposed to darker colors or thinner elements. A great photograph therefore utilizes colors with purpose. Sometimes colors take away from the meaning of a photograph. Black & White would be the obvious choice in that case. When it comes to dashboards we should employ the same considerations. Colors and fonts should be used with careful consideration. Too many dashboards are colorful without a specific purpose and it confuses the message. “What should I look at? I can’t see the tree in the forest.” Careful color choice helps direct the attention to the important items. For example, you can highlight an exception in red. But color preference is also a personal choice.
Here is an example where we can see these principles at work:
The overall scene
The scene is quite busy. The yellow color is not really useful. Not a good photograph. Basically a typical snapshot.
This photo creates focus. There is only one element in the frame. Much better. But it is kind of boring.
This photo is much better. It is more dynamic. Same object, different placement. What a difference!
Yet another version. This photo simply works. It is dynamic and the object is placed in the right spot. Color is not needed in this case. The picture works as a black & white.
And now look at the following layouts below. They are simple. There is no added noise that distracts. Notice that the light blue matches the design of this blog……Notice how the careful placement of the boxes makes a difference. The lines indicate how a typical user walks through the content. Also, note how the use of color changes things.
Next time you develop a dashboard be careful with your design. It does make a huge difference. Just these three things alone can have a big impact on the effectiveness of your dashboard.
If you are interested in this topic, please get in touch with me. We will be running some workshops about this topic across Europe in Q1 & Q2. Also, I will create a few additional posts about enhancing your dashboards with great charts over the next few weeks. Make sure to come back here!
“What you communicate depends both on the blocks you select and on the ways you arrange them”,
Last Wednesday evening while waiting for a connecting flight at Vienna airport, I came across an interesting eBook by Tyler Cowen: ‘The great stagnation“. Thanks to the iPad, I ended up reading the entire short book on the flight back home. To keep things short, Tyler Cowen looks at some of the reasons why the US economy is in a slump. One of the key points of the book is that the US (along with the majority of the Western world) have hit a technological plateau that results in slower growth, slower increases in median income and also slower productivity gains. While some of the earlier innovations such as the steam engine, refrigerators, air travel or TV had a huge impact on our overall quality of life and also our productivity, many of our recent innovations like the internet have had less of on impact (compare having or not having a fridge with having access or not having access to the Internet, or look at the options that air travel opened up for international trade).
PRODUCTIVITY
This blog post is not intended to be a book review, although I do highly recommend this quick and insightful read. But there is an interesting aspect that Cowen mentions: productivity gains are slowing down. We have already grabbed the ‘low-hanging fruit’ by exploiting machinery for example. This got me thinking: What about all the great technology that we have implemented in the past 20 years? Could it really be that we are not experiencing substantial productivity gains by using this technology in a smart way? The statistics apparently say no (Cowen points out that the productivity surge in the US from 2009-2010 was mostly driven by a substantial reduction in headcount). And what about Business Analytics? Shouldn’t that help us be more productive and to drive profitability?
ARE WE REALLY PRODUCTIVE?
To answer that question let’s take a look at a very simple example: the office of finance. A few weeks ago, I posted the results from a survey we conducted. It showed that many professionals still conduct their work by copying and pasting data into spreadsheets. And that type of activity is error-prone and takes a lot of time. As a matter of fact, many finance professionals still spend a solid part of their week loading, scrubbing & massaging data. And the resulting reports often leave a lot to be desired. They are static and not interactive. The result? A bunch of highly qualified and highly paid individuals do work that they shouldn’t be doing. Wikipedia defines labor productivity as “amount of goods and services that a worker produces in a given amount of time”. Spreadsheet maintenance hardly qualifies as a service or good, wouldn’t you say? In other words: whether we like it or not, many of us have a very low level of productivity.
BUSINESS ANALYTICS AND PRODUCTIVITY
Business Analytics has a huge potential to help us increase productivity. And I would argue that there is plenty of ‘low-hanging’ fruit. Think about a story that happened to me a short while ago: A CFO decided to implement a dashboard of about 50-60 KPIs (let’s not start arguing about that part…). His team was excited and started building a 65 page Powerpoint master template. The CFO was delighted. Guess what – three people spent almost two weeks per month on preparing this dashboard. Lot’s of time was wasted on extracting data from different source systems. Lot’s of time was wasted on creating Excel lookups, queries and charts. To sum it up: A big waste of time. The low hanging-fruit came in the form of a traditional BI platform. We hooked up the source systems, created the reports once, linked different charts to Powerpoint and voila: the monthly reporting book. It took one person about a day per month to check & refresh the data (there was still some manual labor involved). Consider the difference: three people for 10 days vs 1 person for 1 day. 30 man days vs 1 man day. Not bad?
THE BEGINNING
Based on my own experiences, I would argue that we have a huge opportunity on hand. Many companies have started Business Analytics projects but a lot projects are still highly focused and not pervasive. Once we start pushing capabilities out to a broader audience, we should be able to see significant increases in productivity. And this is not only about driving efficiency. This is also about driving effectiveness: just imagine what we could do, if we had the ability to understand our customers better. Just imagine what we could do, if we clearly understood which products are truly profitable. Business Intelligence allowed us to get to a lot of this valuable information. But I believe that we have only scratched the surface. The addition of predictive analytics to the mix offers completely new opportunities for all of us. I frequently work with some clients that have done some amazing stuff with the software. And their overall corporate performance is very impressive. I highly recommend reading the IBM CFO study which provides some great examples and insights about this topic. We just have to get started! What are you thoughts?
Have you ever wondered what it was like to run a large company? Have you ever wanted to make big risky business decisions with worrying too much about the results? Well, I have some good news for you!
Purchasing and implementing enterprise software like IBM Cognos can be a complex undertaking. It starts with finding the right vendor, understanding how the software can help fix business issues and it continues with obtaining buy-in from the business. Especially the last issue is not trivial. I have personally spent countless of days and nights working with different client sponsors on crafting careful messages about how the new processes and the software will help the business. My personal lesson learned is: selling change is not easy.
THE EXPERIENCE FACTOR
But there is a recipe that works in many cases: Rather than show and tell, let the business experience the difference. This is something we can learn from a car salesman: A car salesman does not spend time talking about the benefits and cool features of a car. No, he offers a test drive. During this test drive, I am able to experience the benefits hands-on myself. I am able to visualize how the new car can help me. If I like the car, I like it. And I know when it feels right.
THE BUSINESS ANALYTICS EXPERIENCE
How does all that related to Business Analytics? Very simple: Together with Roland and Patrick Mosimann (authors of the popular book the Performance Manager) we created a business simulation workshop that allows you to run a fictitious company using the IBM Cognos platform. And let me tell you: This is one fun workshop because you get to run a large company. It is called: The Business Analytics Experience
THE CONCEPT
The workshop is typically run with groups of 8-16 people. We split the participants into competing teams. The objective for each team is to run the fictitious company ‘Futurechips’. Together with the group facilitator, we start by analyzing the situation of the company. The Cognos 10 platform provides vital information such as a financial review, overview of products, markets, etc.. This helps answer some critical questions such as: Why was the prior management team let go? What is the financial situation? What are the opportunities for the new year?
ENTER THE SIMULATION
How is Futurechips performing?
There is a lot to discover. Futurechips seems to have a bright future but the prior management team made some strange and short-sighted decisions. And it is fun to make these discoveries. The teams therefore get fully emerged into the game after a few minutes. After a short while solutions and ideas spring up. The teams start discussing. And it doesn’t end here: We actually get to make some critical business decisions. What markets do we want to focus on? Which products do we want to invest in? How should we adjust our pricing models? What is our overall strategy for the fiscal year? We do this by developing short strategic plans in IBM Cognos 10. The data that we enter is then fed into a sophisticated simulation engine that provides detailed feedback.
THE COMPETITION HEATS UP
At this point, it is not untypical to see some serious competitive behavior (all in good fun!) between the groups as we compare the results from the first few quarters. We find out that we did some things right. We also find that the teams missed a few points. Plans and strategies are refined. And so it continues. There are more decisions to be made and the simulation continues to provide feedback.
THE BENEFITS
Ok. That sounds good? But what does that have to do with Business Analytics and what does that have to do with selecting software and implementing it? Very easy. The workshop allows the participants to experience how Business Analytics software can help them make better business decisions. Just to be sure: we do not talk about the software itself during the workshop but we use Cognos 10 to perform our analysis, to prepare our decisions and to help develop the detailed plans. The participants use the Business Analytics tools to gain insights and to prepare their decisions.
WHO, WHAT, WHEN?
Who should attend the seminar? Anybody who wants to learn more about business analytics (sponsors, project managers, CIOs, CFOs, business managers) and all those of you who are already implementing the software and who need to sell change within their organization. The workshop is a fantastic way to let business users experience how their work can change. It is just like test driving a new car!
Does that sound interesting? It really is. I LOVE running these workshops. It is a simulation and a game after all. As a matter of fact, we have many returning customers that want to participate over and over again.
Check out IBM’s website for more information and a current schedule of events. Our team is also happy to run these business analytics workshops in-house. Hope to see you at one of these workshops soon!
It’s that time of the year! The annual Gartner BI Summit is just around the corner. This year’s edition will take place from January 31st through February 1st at the Park Plaza Westminster Bridge in London.
IBM is one of the main sponsors for this event, and my team and I will be quite busy during those days. We have planned some great activities to connect with our customers, partners and friends. There will be a big booth at the conference where we can meet. Some of our most knowledgeable resources will there. We are really excited to show our Cognos 10 platform. Here is a quick pre-view of some IBM Cognos related activities that might be of interest for you:
Monday, January 31st:
08:30 – 10:30: The traditional Gartner keynotes should not be missed.
11:45 – 12:30: Panel discussion – Peter Griffiths, our VP for Business Analytics development will participate. I love those panel discussions
12:45 – 13:45: ‘Preparing a BI Strategy’ workshop hosted by @tracyleeharris
14:00 – 16:00: ‘Best Practices in Rolling Forecasts‘ workshop….hosted by me. This is a great workshop for all people interested in finance processes.
16:15 – 17:15: ‘Demonstrating Value’ workshop hosted by @tracyleeharris
11:30 – 12:00: Our keynote ‘Smarter decisions, better results’. Leah Macmillan will be delivering this presentation and I have the honor to demo our cool Cognos 10 platform.
12:00 – 13:00: ‘Organizing for Success & Building a BICC’ hosted by @tracyleeharris
I have pasted the detailed descriptions of the workshops on the bottom of this post. We have limited space in all of these. So, please visit us at the booth early enough to sign up.
You might have noticed that my colleague Tracy Harris will be quite busy at the conference. She actually released a neat book towards the end of 2010. We will have plenty of copies for you at our booth. If you want, you can also download a copy for free before the conference. Tracy will be spending a lot of time at our booth….so get your questions ready!
That’s it for now. Looking forward to seeing everybody at the conference. Drop me a note if you want to meet.
Workshop Descriptions
Best Practices in Rolling Forecasts Workshop
This workshop is a highly practical one where our team will share key insights on designing, implementing and using rolling forecasts as part of a best practice performance management process. You will find out whether rolling forecasts are right for your organisation, what the best time horizon would be, and how rolling forecasts can alert you to emerging threats and opportunities. Discuss the relevance of forecasting, review best practices for implementing a rolling forecast, and identify how you can improve the forecasting process
Demonstrating Value Workshop
What kind of ROI do organisations see from BI and PM deployments? How do I
demonstrate the value of my investment? In this session, learn about building your
value portfolio for a strategic BI and PM investment including demonstrating ROI,
justifying your strategy, demonstrating value and how to embrace, enhance and
extend your investments.
Navigating Politics and Culture Workshop
Having trouble extending your BI deployment? Gaining user adoption? Learn some of
the most common practices and pitfalls that organisations encounter as they
implement BI enterprise-wide. Find out how they gained executive buy-in, managed
change, gained adoption and showcased initiatives within their organisation. By
learning more about these pitfalls and how other organisations have overcome them,
you will be more prepared for success.
Organising for Success & Building a BI Center of Excellence Workshop
In order to be successful at a strategic business intelligence or performance
management initiative, you need to be properly organised to execute. Learn about
the value of a Business Intelligence Center of Excellence, and discuss functions and
structures of these organisations.
Preparing a Strategy Workshop
What are the sweet spots of information? What key elements do I need to consider
when building a strategy? What is my business alignment strategy, my organisational
and behavioural strategy and my technology strategy? In this workshop we will
discuss the key elements to consider when building a strategy and roadmap to help
your organisation become best-in-class using analytics.
Yeah, those spreadsheets. Welcome to part 3 of this series of posts. An interesting special section in the Financial Times prompted me to post a quick summary with interesting quotes. But the report did not necessarily provide some specific details about why spreadsheets make our lives difficult. Part 2 then focused on the particular pain points we all experience in our daily business lives.
THE PROBLEM & ANSWER
But how exactly does Business Analytics software help and how can we replace spreadsheets? I get very frustrated when I read white papers that talk about ‘gaining efficiencies and critical insights with the push of a button’. There is so much BS talk out there. And as a result, I find that there are many managers out there that still don’t understand what technology can do for them. It’s time for clarity, isn’t it?
A FAIRY TALE?
Let’s take a look at one of my clients. When we first met, the new CFO was extremely frustrated with the tedious annual budgeting process. A team of six well paid finance professionals spent almost seven months pulling the annual budget together. The entire process was run through spreadsheets. The team spent an awful lot of time managing the 250 something workbooks for the different cost and profit centers. Complex formulas had to be fixed, data had to be copied & pasted from SAP R3, files had to be distributed and collected, reports had to be manually compiled and reconciled. In other words: it was painful and the team of six had very little time to do something fun. Their workload was extremely close to the picture we discussed in part 2 of this post.
HERE COMES THE SOFTWARE
The CFO decided to do something and selected Cognos to help automate the budgeting process. It was actually a rather short project with only 35 business days for the expense budget. Cognos replaced the entire spreadsheet jungle. But why and how did it help exactly. Here are some basic examples:
Centralized model maintenance: One of the key issues with spreadsheets is formula maintenance across different workbooks and files. Instead of copying and pasting, BA software allows me to maintain my formulas in a central repository. One change in one place only. That saves a ton of time and also ensures data integrity. How is that?
Automated interfaces: Why should we have to manually load actuals or other data from transactional systems into spreadsheets? There is a lot of risk (apart from the boring manual labor). BA software allows you to run automated interfaces. Just like in our transactional systems. Nothing fancy. It just works. And it saves a ton of time and frustration.
GPS: One of the other frustrations with spreadsheets comes from the inability to track progress. A simple question like: “Has Ted started his budget?” can be extremely difficult to answer. The file is not on the central server anymore as Ted is out on a business trip (and then he deletes his file by mistake..). BA software allows us to keep track of progress and it stores all the data in a central repository. Again…a very simple thing. But extremely effective. Imagine a spreadsheet with a powerful GPS on the roof!
Cool interface: Working with a spreadsheet template can be very frustrating. Either the templates are completely locked down or they are so flexible that I can break them. Modern software provides us with easy-to-use interfaces (web-based). They are actually fun to use and I can customize the layout to my personal needs – all that without breaking the model. This is a great way to engage managers that are not so technology-savy.
Automated aggregations: Getting a snapshot of your budget can be a bit tedious with spreadsheets. We need to make sure all files are accounted for so that we can link our master spreadsheet to them and aggregate the numbers. BA software takes care of that….in real time. All the data is stored in a central repository. You need a snapshot? Give me a minute. Here you go!
Easy analysis: Performing detailed analysis on a spreadsheet budget can be extremely difficult. Management decides to make some top-down changes and finance then has to figure out how to push this into the different organizational units. Asking some what-if questions can turn into a tedious exercise. BA software allows us to perform analysis in real-time. It’s that simple. We make change somewhere, and we can report on that right away. Cool!
Ok…I admit it. This is probably a bit ‘salesy’. But that’s the way it is. By the way, this particular client is now able to turn the entire budget around in less than 1.5 months. They actually like the budget process (scary thought?) now. It’s nice to talk about this but it’s better to see this in action. Why don’t you come and join one of our global workshops?
The other day I wrote about the special section of the Financial Times called ‘The connected business’. One of the key take aways from this section was the fact that way too many finance departments are putting their faith into spreadsheets.
A few years ago, my team started conducting some surveys amongst finance professionals. For this purpose we teamed up with David Axson (co-founder of the Hackett Group, book author). We specifically went after professionals that were not using Performance Management software, yet. One of the key things we were interested in was the type of work finance professionals do. It quickly crystalized that there were five major categories of work. The results looked like this:
Cognos Finance Survey 2008
The majority of the time is apparently spent on manual tasks such as collecting data (loading data from systems into spreadsheets, copying & pasting, manually entering budgeting numbers, etc..), maintaining spreadsheets (development, fixing formulas, aggregating spreadsheet data, Visual Basic programming etc.) and then also developing reports & presentations (creating spreadsheet reports, graphs, Powerpoints etc.). Only about 20% of the overall time is apparently spent on the high-value tasks such as performing in-depth analysis, running what-if scenarios, personal development etc.. A shocking but not a surprising picture. When we present the results to finance professionals we get a lot of head-nods. But I often sense a certain level of resignation as well (“Oh yeah….I know….that’s just the way it is.”).
Statistics are always a bit dry. So we took the data and applied the percentage distribution to a work week. The picture now looks quite interesting. What do you think?
Cognos Finance Survey 2008 – part 2
How does this feel? Same numbers. Just a different perspective. Two key questions come to mind: Can we live with that situation? Would we want to live with this situation? I doubt it. I have been there and didn’t necessarily like this. Sure, it’s nice to play around with spreadsheets knowing that you are indispensable. But is that what we want to get out of our professional lives? Is that why we went to business school? Is that why we spent so many hours studying for the CPA, CMA, CFA exams?
Technology helps shift this picture around tremendously. We can literally reverse this. I will write about that in the next few weeks. For now, I will leave you with this picture. Take a look at your own work environment. How do you get things done? How do your clients operate? Is there room for improvement? Would love to hear your thoughts and about your own experiences.
Snow. Massive amounts of snow. And it’s really cold. Hmm…Do I really want to leave here? Greetings from Dubai airport. My colleague and I are stuck here right now. Most flights to Europe are delayed due to winter weather. Oh well….the joys of traveling. But this trip was really worth it. We just finished a three-country tour through the Middle East for the Cognos 10 launch. Three days, three cities. Three amazing launch events in Dubai, Qatar and Kuwait. Some of the customers I talked to were wondering what it was like to execute such an event series. Well, here is a little peak behind the scenes.
The amount of work that goes into these large customer events is crazy. Our great marketing teams spend a lot of time arranging locations, speakers, food, drinks and inviting customers etc.. Luckily, I hardly ever get involved in these activities. But let me say that much: I admire my colleagues for consistently doing an amazing job. It really makes a difference. I get to focus on the content and the presentation delivery.
For this particular event series, we had to leave Munich on Saturday evening to get to Dubai in time. The first event started on Monday. Getting up in a new time-zone always hurts on the first day. And so day after day we rush out to the event location early in the morning to setup the room, prepare the laptop, make sure that all the demos are working, check the microphones, upload additional presentations from other speakers etc.. I am always amazed at how much can go wrong with these type of events: The demo that worked in the morning suddenly stops working. The laptop shuts down without notice. The beamer does not receive a signal. Murphy’s Law?
The event in Dubai was a success but I am tired after delivering three presentations. Right after lunch, our team of close to ten people rushed to break down all the banners, pack up brochures, badges, lists etc.. Then off to the airport with a ton of extra luggage in hand. A few hours later, we sit down in Qatar for a quick debrief and discussion of the next event. There is always some tweaking that needs or should happen. Every country is different. Cultures are different. Audiences are different. There is no one-size fits all. Each and every presentation needs to be customized.
The next morning looks similar. Setup at the hotel around 8am, preparations and then another round of three presentations with a few breaks between. Before heading off to the airport with all our extra luggage, a journalist from the Qatar Tribune comes over for a quick interview about the launch. We finally arrive at our hotel in Kuwait around 9pm. Quick shower than out for a quick team dinner at a local place. Back at the hotel I can’t remember my room number and head back down to the reception. Long day.
The 7am wake up call feels like a scene from the movie Groundhog Day. Shower, pack, quick breakfast, taxi to event location, setup the laptop, discussions with the local team and a quick cup of java. As much as most of this is really busy routine work, I always get excited when the event finally starts. Presenting our products and talking to customers is a privilege and it is a lot of fun. Luckily, the Kuwait event was very special again. The audiences in all three countries were great. Unfortunately, I had to leave for Dubai right after the final presentation. On the way to the airport, my colleague noticed that the cab driver was falling asleep. So we engaged him in a discussion even though he did not speak a word of English. The surprises never end. Check-in at the Air Kuwait counter and then a quick snooze on the plane.
Waiting for the flight
8pm…I am checking into my hotel room in Dubai. 8:01pm….I am checking out my mind but I am very grateful for four special days with amazing colleagues & customers. But everything seems like a blur now. Too many impressions to process at this point. But it feels good.
Some final statistics:
Days: 4.5
Total travel time: 32h
Presentations: 8
Tired: Yes!
One of the first things we learn from our parents and teachers is that we are stronger when we act as a team. 1+1=3 or something like. And it is true! I have had some of my best learning experiences in a team environment. Every once in a while, we forget just how powerful teamwork and collaboration can be. We get stuck trying to solve a problem by ourselves and we loose a lot of time. Okay. Everybody knows that.
But what about Business Intelligence and Business Analytics? Are we really collaborating with that team idea in mind? Even more important: even if we wanted to collaborate, would we be able to do so in an effective and efficient manner?
What does collaboration for BI and PM look like. Think about the following common situation. It is early Monday morning and you conduct some analysis in your BI portal. You quickly realize that there is a big problem. And you have no idea what to do about it. The first question that comes to mind is whether anybody else has come across this issue. But what do you do? It’s early in the morning. Nobody is in the office.
Social media are changing the way we communicate with each other. Email did that for us 15-20 years ago. Today we are at the start of a new revolution again. Twitter, Facebook, Flickr etc allow us to collaborate in an unprecedented way. We can leverage the wisdom of large crowds of people. People we don’t even know. The other day, I had a problem with my camera. I sent out a tweet with a question about it. 20 minutes later I had the problem solved with the help of other photographers out there on this planet. And this new way of collaborating is now entering the corporate world.
Back to our little Monday morning problem. We still have no idea what to do. Imagine we could quickly identify whether another colleague had reviewed this dashboard and come across this problem? What if you could see what steps they have taken to identify a solution? Wouldn’t it be nice to search for similar problems and find out how colleagues fixed this in the past? How about we could help other team members by contributing to their questions?
The time is right. We should be able to collaborate in our corporate world just like we collaborate in our private lifes. Cognos 10 allows us to just that. We can comment on dashboards, reports, cells, graphs. We can share activities, we can assign tasks. We can discuss, review and share. Just like we do on Facebook and Twitter. Within our own company. I have had to opportunity to test this functionality and I love it! But most importantly, the many customers I have shown this to love it just as much. When I return from travels through Europe and the Middle East I will share some additional thoughts and reactions about this. What do YOU think about this?
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Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
This blog post is not intended to be a book review, although I do highly recommend this quick and insightful read. But there is an interesting aspect that Cowen mentions: productivity gains are slowing down. We have already grabbed the ‘low-hanging fruit’ by exploiting machinery for example. This got me thinking: What about all the great technology that we have implemented in the past 20 years? Could it really be that we are not experiencing substantial productivity gains by using this technology in a smart way? The statistics apparently say no (Cowen points out that the productivity surge in the US from 2009-2010 was mostly driven by a substantial reduction in headcount). And what about Business Analytics? Shouldn’t that help us be more productive and to drive profitability?
To answer that question let’s take a look at a very simple example: the office of finance. A few weeks ago, I posted the results from 
