We’ll summarize the process into seven simple steps A strategy allows you to create and maintain a single, unified BI ecosystem, thus reducing cost.ĥ Steps to Develop the Right BI Strategy for Your Businessĭifferent organizations use discrete strategies to implement business intelligence solutions. Increased overhead : Essentially, you may have every department developing their own BI solution.A strategy provides the necessary explanations. Lack of clarity for names and definitions : This opens the door for guesswork, which can be fatal in a process as delicate as BI implementation.A BI strategy gives you a single source of truth.
Multiple versions of the truth: People end up referring to different data when making decisions.Often, you’ll run into three main challenges Planning your BI journey allows you to address all your data concerns and develop a cohesive system to take advantage of the much-touted benefits of the BI system.Īnother way to look at it is to imagine BI implementation without a roadmap. It runs through to diving into the BI implementation process and even performing ongoing reviews. It begins with defining your needs and identifying areas to extract intelligent information.īut that’s not all. What’s a Business Intelligence Strategy?īefore we get to the step-by-step process of developing a great BI roadmap, it’s vital to understand what a BI strategy means in the first place.Ī business intelligence strategy/roadmap is a compilation of all the steps required to implement BI in your company. Developing the appropriate strategy and roadmap can help avoid an unforeseen mess. Whether you’re starting from scratch, moving past spreadsheets, or venturing onto a new platform, you need the right BI approach. But, the challenge is finding and rolling out the perfect BI solution for your business. In response to the growing thirst for BI, we’ve seen dozens of unique solutions enter the market. That’s why businesses that embrace and implement BI enjoy improved operational efficiency and competitive edge. Likewise, BI enables more accurate reporting, analysis, and planning. BI (Business intelligence) provides real-time analytics, allowing you to make better decisions for your business.
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