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The desire to refine and derive
meaningful business intelligence (BI) from the large amounts
of raw data in today's enterprises is an ongoing challenge and
most times appears to be a daunting task. The demands of
non-stop enterprise projects require all levels of management
to assert an increasing amount of control over this raw data
and fashion it into meaningful business metrics that will
guide present and future decision-making.
According to Gartner research report titled, “Toolkit Tactical
Guideline: Five Success Factors for Effective BI Initiatives,”
organizations that succeed in BI initiatives share common
success factors:
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A strategic view of BI with a phased implementation, focused
on benefit realization.
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Strong business ownership of the BI strategy and its
outcomes.
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Fixing data quality and data governance issues early in the
process.
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Constantly seeking to expand the scope of the BI strategy.
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Substantial and sustained investment in BI skills and
competencies.
Although these success factors are
widely understood and the subject of extensive research, they
are often not incorporated properly into the implementations
and sometimes they are very difficult to execute without
proper discipline. Our practitioners will bring the necessary
expertise, discipline, and rigor to help the clients in
successfully developing BI strategies to meet organizational
information needs and implementing them for better benefits
realization.
Our review of several case studies identifies five factors
that correlate project success, business commitment and
executive support.
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Think big and execute in stages
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Insist on business ownership of BI strategy
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Fix data quality and governance issues
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Leverage compelling drivers to achieve a strategy for BI
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Invest in developing and leveraging core BI technology and
business competencies
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