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Challenges In Business Intelligence And How To Solve Them

Thursday , 20, May 2021 Comments Off on Challenges In Business Intelligence And How To Solve Them

Ever wondered what a well-planned and deployed business intelligence project can do for your business without all the challenges? By now if you're not aggressively mining your data you're not only leaving money on the table, you're falling behind your competitors. 

The business components like strategy mapping, business process improvement, and collaboration are just as important to the technical reporting, warehouse, and ETL tools.

These tools perform business intelligence data analysis, business intelligence summarizingdashboards, maps, graphs, and charts to provide users with detailed intelligence about the nature of the business. 

                                                                                Image Source: Google

Executive sponsorship is critical but so is employee buy-in. A good leader inspires the best in people, not the worst.

Tips for Business intelligence

1. Leadership should make every effort to communicate not just on the metrics but also adoption and accuracy.

2. Set up a regular BI governance and education roundtable meeting to foster communication and iterative improvement among the BI stewards at all levels. Stay focused on the business drivers, not the technical hurdles

3. Your business intelligence architect is the best translator between business and IT, they will make this communication much easier. Organizational change and data visibility is unsettling

4. During requirements be sure to measure the current state process in terms of hours or cost or opportunity and then the improved state so later you can show your BI on BI in the form of ROI. 

Start with the financial metrics you want to improve but then identify as far back in the processes as possible those metrics and roles that affect them.