Much is being said about the New Economy train with its ever-increasing speed. Most businesses are looking for new paradigms to 'manage' the relentless change accompanying it. Bernard Liautaud, president and CEO of Business Objects the e-business intelligence provider, cuts straight to the heart of the matter. The key ingredient to success is the ability to turn information into knowledge. This paradigm, of course, is not new. Dee Hock, the founder and former CEO of VISA International, in his book 'The Birth of the Chaordic Age' very eloquently writes: 'Knowledge is that information that when combined with other information in the right context can be applied to act, decide or create new knowledge'. And that, in fact, is what Liautaud is addressing in his book. And it is about time that someone addressed the issue in a comprehensive way.
Liautaud's core premise is that knowledge is the new currency of the new economy. This knowledge is not just about a '360 degree view of the customer' or 'e-Supply Chains'. It is all about a company's ability to create an intelligent view of its business by bringing information and knowledge together where and when required. 'E-business Intelligence' explores the subject from the very fundaments up, including many practical case studies from some leading companies.
Information Model Evolution If you were still not convinced of why you need business intelligence, Liautaud makes a clear case for change in the first part of four in the book. The case should not surprise any of us. He introduces some good (but obvious) models for what the value of information is and clearly shows that the overload on information we are receiving makes this value difficult to realise. Not much new under the sun. Much of this could come straight from an MBA programme. Remains the question then, why so few leading companies are investing more in business intelligence projects! Liautaud highlights this need clearly.
Liautaud divides the business intelligence world into four information models, which he cleverly discusses as an evolutionary process. This process in itself would be a valuable addition to the paradigms we are looking for. Information Dictatorship, where only the selected few have access to information and Information Anarchies, where everyone starts creating their own information system are touched upon but wisely ignored as 'Old World'. Information Democracies (Part 2), with free-flowing but controlled information and -ultimately- Information Embassies (Part 3) that companies use as data 'beachheads' outside their boundaries are the business intelligent models. Although none of the discussion is truly earth shattering, the power of the analysis is in the fact that they are brought together in no-nonsense language. He does not use the traditional 'consultant speak' that so often burdens these sort of overviews. It can actually be read and understood by business people! Liautaud even aims it at business people that are completely IT illiterate, although of course -in this new world- these ought not to exist anymore.
Your next steps? Liautaud is to be praised in avoiding a '12 steps to happiness' approach. The case studies are interesting and support the story quite well, but they are sometimes somewhat artificial. They give the reader a good 'hook' for comparison, though, and Liautaud summarises the 'lessons learned' from them. Take your pick.
The book is a good and very practical summary of the field. It will certainly spark some good ideas in the reader's mind. The book is well written, but sometimes rather obvious for the more experienced reader. Perhaps too many open doors are, well, opened. The appendix on how to do ana RoI is, quite frankly, condescending to the reader. Perhaps Liautaud tries to aim for too wide an audience? There are some interesting and challenging parts for everyone. Although, Liautaud's vision for the future is perhaps not earth-shattering it certainly realistic and shows, again and again, that if your company today is not up to speed it may actually miss the New Economy train.