"An organisation without Business Intelligence bears a striking resemblance to a ship without a rudder" Martin Butler
Business Intelligence is not just the game for large enterprises now, it's widely used by all the companies including small and mid size business. In the past few years, Business Intelligence software has been widely used by companies to stay ahead in the competition and gain a technological edge for the data collected. According to the technology report by Gartner, 'Business Intelligence & Analytics' is the foremost concern for the CIOs and the CTO's in today's time. Yet there are many organizations that still struggle with the problem of strategic BI Software Implementation to help business growth ai tools founders by adopting a good data culture.
The term 'Business Intelligence' has multiple facets and BI software implementation is a complex deal to take care of considering the time and cost that is involved in the process. Thus these factors not only at times complicate the process but this stresses on the successful implementation of BI software to be able to generate the value for it.
Though after a careful study of many successful BI implementations, we uncovered the five main areas that play jack in the process and so must be taken care of properly. If focused on any BI Software can be implemented smoothly and successfully thus maximizing its value.
1. Business Intelligence Strategy:
A clear vision is the most important thing while doing anything. The same goes for BI implementation. Business needs to have a clear approach laid out keeping in mind the vision of implementation. Crafting a BI strategy keeping in mind the answers to below mentioned questions would help bringing clarity to this vision:
What are the expectations from the BI implementation initiative?
How are these expectations going to be achieved?
Who will be the stakeholders?