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Business Intelligence - Implementation Tactics

3/28/2014 4:42:36 AM Posted by Erin Carrather

Beginning business intelligence (BI) initiative doesn’t have to be an expensive investment, but it’s important to choose a solution that allows you to easily meet your initial BI needs and later expand to more advanced ones. When you first implement a BI solution, you most likely will be coming from an undisciplined spreadsheet environment. The key is to start small and work to expand the BI deployment to additional applications and added functionality as your organization adopts and masters the technology. Your ultimate goal is to make your business users less dependent on IT for their analyses.

After using BI for operational purposes, you will likely want to progress to deeper analysis, like comparing one period’s results against another. This is accomplished by using a data warehouse that contains historical data values, which makes time-period comparisons possible. A data warehouse usually contains data from many sources, and the BI solution will be able to consolidate the data for accurate and consistent reporting.

When selecting a BI product, it’s important to consider other key factors How easy is the solution to use and implement? How well will it integrate into your company’s existing platform and environment? A few more important considerations include:

 

  • An integrated product suite with a range of functions that your company can deploy as needed
  • The scalability to handle an expanding user base as your organization grows and usage increases
  • Data-quality functionality to ensure a trustworthy foundation
  • The ability to access and integrate a wide variety of data sources
  • A 64-bit architecture that can allow you to analyze massive amounts of real-time data
  • Robust report cataloging and distribution functions

 

Another crucial consideration in the implementation process is selecting an appropriate vendor. It’s important to consider many factors, including experience, reputation, stability, professional services capabilities, and the quality and strength of their partnerships. Some other important considerations include:

  • A proven track record and a history of successful growth, both in revenue and capabilities
  • A history of vision and innovation
  • Reputation and ability as a BI leader
  • Education and training capabilities

To conclude the Business Intelligence blog series, it’s important to remember that BI allows you to analyze and better understand your plans and results. It provides insight into what’s working correctly and identifies potential problem areas in time for corrective actions to be taken. If you think a BI solution would benefit your organization, contact Third Wave today!