- The CIO has difficulty sifting through the wide array of BI capabilities available in the market and mapping them to the enterprise’s BI needs.
- The CIO juggles factors such as high non-discretionary spend, proliferation of BI applications, and inability to adapt legacy applications while attempting to revamp their set of enterprise BI tools.
Our Advice
Critical Insight
- The CIO is responsible and accountable for providing the business with accurate information. All it takes is just one bad business decision to begin preparing for your not too distant job search. Involve the Head of BI in developing a BI tool strategy.
- BI 2.0 (advanced) capabilities (predictive, real-time, social and big data analytics) are being used more than ever. Organizations are adopting them as they provide significant opportunity to gain a competitive advantage. If the business isn’t demanding these capabilities now, they will soon. Plan for BI 2.0 capabilities now before the organization falls behind.
Impact and Result
- Generate a customized set of recommended BI capabilities by conducting a BI profile and workgroup needs assessment.
- Develop custom BI capability maps based on each BI capability’s gap magnitude.
- Accelerate improvement definition by using Info-Tech’s improvement initiatives mapped to every BI capability.
- Track improvements using a tool.
- Measure BI performance using a recommended set of KPIs.
- Info-Tech provides use cases and analog statements for BI capabilities to facilitate IT-business communication.
Member Testimonials
After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.
Client
Experience
Impact
$ Saved
Days Saved
Mastronardi Produce-USA, Inc.
Guided Implementation
10/10
N/A
N/A
Workshop: Develop a Business Intelligence Tool Strategy
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Determine target state BI capabilities
The Purpose
To plan target state enterprise and workgroup BI capabilities and tools.
Key Benefits Achieved
- Defined BI goals and measures.
- Defined BI principles.
- Understanding of workgroup and enterprise BI needs.
Activities
Outputs
Determine the BI profile.
- BI Tool Strategy Document (results from all activities)
Determine BI goals and measures.
Define BI principles.
- List of BI goals and measures
Capture workgroup needs.
- Workgroup BI capability report
- Enterprise BI capability report
Plan target state BI capabilities.
Develop a shortlist of BI tools.
- Shortlist of BI tools
Module 2: Assess current state BI capabilities
The Purpose
To assess current state BI capabilities and tools.
Key Benefits Achieved
- A holistic view of current BI capabilities.
- A plan to keep or retire current BI tools.
Activities
Outputs
Assess BI capabilities across all four layers.
- Current State Assessment Report
- BI Capability Maps
Capture benchmarks for BI measures.
- BI performance benchmarks
Take an inventory of applications.
- Inventory of BI Tools
Assess application quality.
- Application Quality Landscape
Module 3: Define improvement initiatives to close gaps.
The Purpose
To define improvement initiatives to close BI capability gaps.
Key Benefits Achieved
- Well-defined and prioritized improvement initiatives.
- Estimated benefits and costs for each improved or new BI capability.
Activities
Outputs
Identify and assess gaps.
Select improvement initiatives.
Analyze benefits and costs of BI capabilities.
- Benefit and Cost Report
Identify and evaluate risks.
Define improvement initiatives.
- BI Tool Strategy Improvement Plan
Create a roadmap for implementation.
- BI Tool Strategy Roadmap
Define a reassessment approach.
- Reassessment approach
Module 4: Track project progress and monitor performance
The Purpose
To track the progress of the BI tool strategy project and monitor the performance of BI tools.
Key Benefits Achieved
- Ability to efficiently and effectively track project progress.
- A plan to measure the performance of BI tool.
Activities
Outputs
Track the progress of improvements.
- BI Tool Strategy Improvement Tracker
Develop a plan to measure BI performance.
- BI Tool Strategy Measurement Plan
Define additional performance measures.
Define business value measures.
Module 5: Communicate and promote the BI tool strategy
The Purpose
To communicate and promote the BI tool strategy.
Key Benefits Achieved
- Improved communication to end users through use cases and analog statements.
- A plan to communicate the value of BI tools.
- A presentation to promote the BI tool strategy project.
Activities
Outputs
Develop use cases for BI capabilities.
- List of BI use cases and analog statements
Define analog statements to explain abstract concepts.
- List of BI analog statements
Craft value statements supported by value measures.
Develop a communication plan.
- BI Tool Strategy Communication Plan
Create a presentation to promote the strategy and roadmap.
- BI Tool Strategy and Roadmap Presentation