Compliance Has Driven New Insights Into Corporate Agility
Following the wave of corporate governance initiatives to meet new regulatory requirements, many companies are seeking new models to be more responsive to new demands in the future. With new heightened transparency, performance issues previously either not noticed or not recognised as being significant are now visible. This vision is adding insight into strategic decision making, and driving organisations toward more flexible models. The three drivers of this change are:
- Vision – transparency of transactions, processes and future requirements
- Insight – strategic, logical decision-making
- Agility – the degree of flexibility of your organisation to change in one part without adversely affecting another.
Effective change requires a structured approach that can harness previous initiatives, and pre-empt the impact of changes in one part of the organisation on another. Business intelligence programs that drive enterprise data management are making this visibility possible. Without a single view of the enterprise, the impact of changes in one part of the business was not so readily measured in other parts of the enterprise.
The enterprise awareness can also be used to rapidly reconfigure the enterprise to meet new market environments and product opportunities. An essential characterstic of corporate competitiveness today.
