As indicated in my November 24th post, when I came across the Binary Fountain organization as a result of our mutual familiarity with the Commonwealth of Virginia, my initial thought was to view their offering through the lens of quantifying results. Specifically, by providing timely access to near real-time intelligence, their clients would be able to measure the success of a program after the fact.
It was a reasonable approach that I had offered, as Business Intelligence “BI” is after all leaving the cumbersome and confining realms of traditional ERP-centric platforms in which the extraction of needed information was an onerous task that warranted the moniker of “data mining.”
However, and what is compelling about emerging BI solutions such as the one offered by Binary Fountain, is its ability to proactively influence decision-making through an intuitive “dashboard” technology that creates what I call a perpetual cycle of data verification.
In essence, these intuitive dashboard solutions are in reality the control panel for the emergence of the social networking world of the Web 2.0, 3.0 and ultimately 4.0 platforms.
Simply put, having access to relevant data is one thing. Being able to decipher its relevance to the decision-making process in real-time, whether it be in the world of procurement or for that matter any element of the business world, is essential.
In fact, think of it in terms of the television commercial by the Chartered Accountants Association in which executives are sitting in the lobby of a five star hotel reading the daily horoscope as a means of determining whether they should accept an offer to sell the company. Traditional methods of post-event assessment in which a lengthy albeit detached analysis by an “expert” is not far off the horoscope analogy. Like the general who is fighting the last war, the data through which traditional processes of intelligence gathering was managed, does not necessarily reflect the reality of the current conditions under which decisions need to be made.
Binary Fountain removes both the mystery and uncertainty associated with charting your course based primarily on what is happening versus the what has happened scenario.
Joining me on Tuesday, January 12th at 12:30 PM EST to discuss the rapidly changing world of Business Intelligence in key areas such as spend diversity are Binary Fountain’s Managing Director Jitendra Vyas, and the company’s Director, Sales & Business Development Andrew Rainey.
Jitendra Vyas is the founder of Binary Fountain, Inc. headquartered in Vienna, VA. Prior to starting Binary Fountain, Jitendra co-founded zGraffiti, Inc., a privately held VC funded company. zGraffiti’s CRM solution was named – “the Killer Software application” in 2001 by numerous publications. He also co-founded Technology Ventures, a technology and management consulting firm. Jitendra holds a B.S. in Computer Science & Engineering from the University of Toledo, and an M.S. in Business Technologies from the George Washington University.
Andrew Rainey oversees the business development operation at Binary Fountain, Inc. He is responsible for identifying, qualifying and winning new business for the company and building strategic partnerships to further growth. For government, Andrew leads federal, state and local government IT strategies in supporting business intelligence and dashboard solutions. Commercially, Andrew assists companies and organizations in enhancing their supplier diversity efforts with spend analytics and visualization tools. Prior to joining Binary Fountain, Andrew provided global trade compliance consulting services and IT solutions to the aerospace and defense industry. Andrew holds a B.S. from the University of Delaware’s School of Urban Affairs and Public Policy in Consumer Economics and Leadership.
Remember to use the On-Demand Player below to access the January 12th “Accessibility to Intelligence and the Power to Act” live broadcast at 12:30 PM EST.