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I read a great article recently on Forbes.com that describes Silo Mentality in business and how destructive it can be to corporate culture and business success when departments have lost a sense of common purpose and have become too busy competing internally with each other, rather than focusing on the competition.
Brent Gleeson and Megan Rozo co-authored the article back in 2013 but it remains just as relevant in today's business environment. The Silo Mentality: How to Break Down the Barriers.
In this piece Silo Mentality is described as:
… a mindset present when certain departments orBrent Gleeson and Megan Rozo
sectors do not wish to share information with others in the same
company. This type of mentality will reduce efficiency in the overall
operation, reduce morale, and may contribute to the demise of a
productive company culture.
To be successful in today's fast-moving business environment, business can no longer wait until month end to receive a stack of printed reports to respond to market trends or identify poor operational performance or to correct profit slumps.
Access to good, targeted information delivered on-demand is essential so that time can be spent proactively on execution of strategic goals with the confidence of up to date and relevant information.
For business, simple to use and real-time analytical dashboards are the most efficient way to break down the information silos and to identify problems and successes at speed.
Business Intelligence tools gather, present and share information easily and quickly throughout your teams.
Our preferred business intelligence tool is Microsoft's Power BI because it provides a 360-degree view for business users with their most important metrics in one place, updated in real time, and available on all of their devices. With one click, users can explore the data behind their dashboards using intuitive tools that make finding answers easy. Creating a dashboard is simple thanks to connections to popular business applications, complete with pre-built dashboards crafted by experts that help you get up and running quickly.
And you can access your data and reports from anywhere with the Power BI Mobile apps, which update automatically with any changes to your data.
If you are a data analyst delivering reporting and analytics to your organization, Power BI lets you be productive and creative with what you build. Power BI Desktop is a feature-rich data mashup and report authoring tool. Combine data from disparate databases, files, and web services with visual tools that help you understand and fix data quality and formatting issues automatically. With over 20 built-in visuals and a vibrant community of custom visualizations, create stunning reports that communicate your message effectively. With the Power BI service, publish reports securely to your organization and setup automatic data refresh so everyone has the latest information.
Power BI can unify all of your organization's data, whether in the cloud or on-premises. Using the Power BI gateways, you can connect SQL Server databases, Analysis Services models, and many other data sources to your same dashboards in Power BI. If you already have reporting portals or applications, embed Power BI reports and dashboards for a unified experience.