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Travel & Expense

The Devil is in the Details

on February 22, 2013
As it regards to the recent Smart Data Collective piece, “Big Data Analytics, Business Intelligence and the Mind of Sherlock Holmes”, whether we’re talking Sherlock Holmes or the premise of the popular television show, The Mentalist, the key is in the details. The “Big Data” revolution is all about keeping the detailed information so that it is available for examination.  And that’s driving a revolution in BI.  Before we looked for problems in a KPI, if the KPI was off enough we dig in and try to find the cause of the problem.  There’s a new “inverted BI” we’re seeing at Oversight. Think of the classic BI process of noticing a KPI is off and drilling and asking questions to uncover the factors that are influencing the KPI.  You’re engaging in a process to discover the indicators of the core problem.  And you drill down into ever more detail until you’ve found the problem.  Inverted BI turns that process upside down.  With Big Data you can continuously comb through the details looking for the indicators of the issue.  The real advantage is things don’t get lost in the average of a KPI.  By leveraging the detailed information available with Big Data we can identify the issues at the detail level.  We’re turning the whole drill down notion on its head.

Patrick Taylor

Patrick Taylor is an authority in the convergence of business analytics, information security, and the implementation of technology to boost organizational performance. An innovator in his field, Patrick founded Oversight Systems in 2003 and served as President and CEO for 15 years. In this role, he helped hundreds of Fortune 1000 companies improve financial, accounting, and auditing processes. Previously, Patrick held leadership positions with Oracle, Symantec, and Internet Security Systems (ISS). Patrick has a bachelor’s degree Mechanical Engineering from Georgia Tech and an MBA from the Harvard Business School.