The Need for Continuous and Unbiased Review
Updated: Jan 11, 2021
Business is not a “one size fits all” proposition. Change, innovation, flexibility, and agility are critical qualities that will allow it to navigate effectively and sustain in the long term.
These aspects can only happen when the business ecosystem is continuously tracked, monitored and assumptions are challenged objectively and reported. While these reviews must be data-based and logical, what will keep the business strong and rightfully motivated is the emotional connection that stakeholders, especially the employees, demonstrate during the challenging times.
In this context, the need for business intelligence just cannot be under-estimated. Business intelligence (BI) is a heady mix of artificial intelligence and Natural/Human Intelligence that is tempered with the overarching need to be profitable, responsible, and sustainable. the history of Polaroid, Nokia, Blackberry, etc. to be repeated. ai
The entity must not feel bad to admit its mistakes, but what really matters is the timing of the admission of such mistakes. A learning entity is one that has a deeply ingrained culture of professionally questioning the ecosystem and trying to seek the best way of doing things that would lead to profits, market share, and sustainability.
In this context, the need for business intelligence just cannot be under-estimated. Business intelligence (BI) is a heady mix of Artificial Intelligence and natural human intelligence that is tempered with the overarching need to be profitable, responsible, and sustainable.
In the days of environment, social, and governance (ESG) considerations, every business decision must be driven through these considerations and by doing so the longevity and relevance of the business will be well served.
Insisting and institutionalizing this aspect in every business we work with is relevance in deed!