The Business Environment

Business Intelligence

The global Business Intelligence (BI) market was worth $24 billion in 2021, reaching $43 billion by 2028 with a BI adoption rate of 26% (Dataprot.net, May 6, 2023). BI involves using specialized tools and techniques such as data mining, data aggregation, predictive analytics, and data visualization. These tools can help businesses better analyze their environment, create integration opportunities, help predict future outcomes, and present their findings in an easily digestible format. Through timely analysis, companies can gain insights into their performance, improve workflows, identify a myriad of areas for improvement, and most importantly make timely and informed decisions about future opportunities. Business Intelligence is a powerful tool for businesses of all sizes and industries, allowing them to make data-driven decisions and gain a competitive edge in their respective markets. Companies using BI are five times more likely to reach faster decisions (Dataprot.net).

Information Management

The primary purpose is to ensure that information is accurate, accessible, reliable, secure, understandable, and available to the right people at the right time.

Competitive Advantage

A unique set of qualities, resources, or capabilities allows a business or organization to make effective decisions to outperform its competitors.

What is a Fusion Center and how does it accelerate Business Intelligence?

The goal of Business Intelligence is to provide organizations with a comprehensive view of their operations, customers, market, and other relevant factors to help them identify trends, patterns, and relationships that can drive outcomes. A fusion center is an effective mechanism to exchange information, maximize resources, streamline operations, safeguard corporate data and information, and manage composite risks and threats. Adopting Business Intelligence tools is only part of the journey - incorporating Business Intelligence into a fusion center creates synergy between technology and people where the outcome is truly greater than the sum of its parts.

Our Solution - Information Integration

A fusion center is where you will accelerate your vision. A recent study determined that organizations leave 97% of gathered data unused (Dataport.net). Understanding and using business intelligence is more important than ever. Information integration refers to the ability of organizations to collect and analyze vast amounts of data, make informed decisions based on insights derived from that data, and stay ahead of competitors in the market. This process can include techniques such as market research, data mining, competitive intelligence, and the strategic use of information to shape consumer behavior or gain a competitive edge. Business Intelligence can help you make data-driven decisions about where to allocate your finite resources to get the most return on investment. Touchstone Futures can assist your organization in maximizing BI through a Fusion Center design to gain valuable insights and make informed decisions that accelerate business growth and competitiveness.

Touchstone Futures Framework

Business Intelligence Components

  • Data extraction

  • Data transformation

  • Data modeling

  • Data analysis

  • Data visualization

Maximizing Business Intelligence

  • Define clear objectives

  • Gather quality data; Organize and centralize

  • Ensure quality data; Utilize visualization tools

  • Foster a data-driven culture

  • Continuously monitor and adapt

Business Intelligence Integration

  • Assess Data Sources; Design a data architecture

  • Choose a BI platform; Extract, analyze, & load

  • Implement data Access and visualization

  • Train and educate users; Monitor & optimize

About Touchstone Futures

Touchstone Futures provides deep expertise in strategy, strategy execution, and risk management honed by our collective service within US Government cyberspace, intelligence, special operations, logistics, and budget disciplines. Our team of proven professionals excelled in navigating complex and high- stress environments while delivering results. We pride ourselves in providing unique perspectives and problem-solving approaches to identify solutions and opportunities for your challenges. We are confident that our collective experience, networks, and advocacy will accelerate your growth.