Enterprise Performance Management - Data is First Priority

I compared the “Data Management” with a story of Elephant and Seven Blind Men in my last blog post http://manageyourdata.blogspot.in/2012/09/data-management-elephant-seven-blind-men.html . I promised to start writing my views about the issues that I heard so far from my customers, consultants and product companies that I worked with. The first issue is confusion with the whole terminology. This seems very basic thing but if all stakeholders in this value chain are not talking same language, same terms with same meaning the initiative is doomed to fail. 5 years back in 2007, when I was working on evaluating a “data mapper” product for a company in California – I realized how complex a terminolgy issue can be. I was at their office for 2 days, going through product screens, meeting high value real architects. The product was really good, nice UI, good functionality – but less appeal in the market. I was talking to marketing head, and he said – Prashant ask me questions about...

I am sure most of you read a story of Elephant and Seven Blind Men. For starters - this is how the story goes - "A number of blind men came to an elephant. Somebody told them that it was an elephant. The blind men asked, ‘What is the elephant like?’ and they began to touch its body. One of them said: 'It is like a pillar.' This blind man had only touched its leg. Another man said, ‘The elephant is like a husking basket.’ This person had only touched its ears. Similarly, he who touched its trunk or its belly talked of it differently." As Wikipedia mentions - This story has been used to illustrate a range of truths and fallacies. At various times it has provided insight into the relativism, opaqueness or inexpressible nature of truth, the behavior of experts in fields where there is a deficit or inaccessibility of information, the need for communication, and respect for different perspectives. The moral of the story is - While one's subjective experience...