Graham Spicer, CEO of SolStonePlus shares his thoughts on why organisations must implement new performance management systems and establish capable business intelligence (BI) programmes to ensure financial stability in the current economic climate. Graham offers his view on how organisations can emerge from today's economic challenges in a more favourable and competitive position. Graham also discusses how BI solutions can provide that all-important competitive edge and deliver an immediate return.

A majority of companies in the UK and Ireland are likely to increase their IT budgets next year, according to survey of executives by the Economist Intelligence Unit.

Data without any context isn’t all that useful. Unfortunately, most of the data that we do collect in the enterprise has little to no context.
To compensate for this, IT organizations have been investing billions, maybe even trillions, of dollars in data warehouses and business intelligence applications. We are collecting more data than ever, which in turn is in straining not only our ability to make sense of that information, but also our storage budgets. What if we took an entirely different approach to collecting data in the first place that was inherently more efficient in terms of assigning context to information? That’s the strategic goal of a G2 project that Jeff Jonas, IBM distinguished engineer and chief scientist for Entity Analytics, is working on.