aspects of business intelligence strategy

Determine the right KPIs using the SMART KPI Toolbox.We’ve developed several helpful tools to help you achieve success in formulating and executing your Business Analytics strategy. Tools to accelerate your Business Analytics strategy Peek in on the most successful BI companies. Use a maturity model to secure the foundation.ĥ. Don’t look past the next 3 years – the world can look completely different by then.Ĥ. For optimal results: intertwine the BI strategy and the company strategy.ģ. Don’t strategize in a vacuum, but incorporate Business and IT.Ģ. Here are five tips to creating a successful BI strategy:ġ. 5 tips for a successful BI strategyīased on our many years of experience and research, we know why some BI projects fail and some succeed like no others. Our approach ensures that the perspectives that really matter to your organization are accounted for: tailored for you. BI self-service versus standard reporting: What latitude does the organization give to its end users to make their own (complex) analyses and reports? And what about one version of the truth? A BI strategy has a vision and an answer to this.A good BI strategy finds a balance between directing based on genuine KPIs for process improvement and policy information based on readings. KPIs versus readings: The art of Business Analytics is focusing on what really matters – the essentials.

Data quality: How should you deal with bad data quality, and how can your BI strategy account for it?.Cloud versus on-premise: Business Intelligence in the cloud isn’t a commonplace yet, as it still comes with caveats, but a Business Analytics strategy should consider if and how cloud solutions can help.A BI strategy will need to address the data purchasing policy. Internal versus external data: BI without open data or external data can’t render long or strong enough.Technology versus organization: The BI strategy addresses both the technology needed to execute the strategy as well as the data, insights, skills, processes, and roles needed.The why-question: Why should the organization take their Business Intelligence plan to a higher level? What’s the connection to company strategy and the business model?.When formulating a strategy, multiple perspectives can provide insight. The Business part of BI should be a component of your Business Intelligence strategy. To bi roadmap Strategy development from multiple perspectivesīusiness Analytics isn’t just about technology – the experts understand that part. This comprises the complete development of the BI strategy. This roadmap describes the current and future situation, and the way to get there. The route to Business Intelligence successīased on the Business Intelligence strategy, we’ll plot a BI roadmap that fills in the details. Our BI consultants would love to help you face these challenges to find a BI strategy that works for you and your organization. These are difficult challenges, but you’re not alone in them. There is no holistic view for the meaning of BI, Analytics & Big Data – there’s miscommunication.There’s no unifying vision for Business Intelligence, let alone one that carries across the entire organization.

They’re downloading QlikView, R, or Power BI, and are analyzing away.

End users are faster using BI self-service than the BI team, and more or less do as they please.

The BI team has plunged into the data warehouse and lacks the business affinity to land on a new BI strategy, let alone execute it.

The BI team is efficient using reports and dashboards, but doesn’t have the skills to work with Predictive Analytics and Big Data.

These are the kinds of challenges you might face: But you also know that a BI strategy has to be agile, because the world changes fast. One that serves the ambitions of your organization, supports the latest technological developments, and takes advantage of (open) data possibilities. As a director, BI manager, or consultant, you need to plot a Business Intelligence strategy (or BI policy) for the next few years.

Aspects of business intelligence strategy