Select and Implement a Business Intelligence and Analytics Solution
- Of organizations, 84% of CIOs invested in insight and intelligence in 2014; however, just because there is an appetite for BI does not mean the initiative will be an automatic success. In fact, many industry studies found that only 30-50% of organizations considered their BI initiative to be a complete success.
- With the rapidly growing and complex data landscape, organizations are challenged to make sense of the ocean of available data.
- BI is more than software. It has to address business needs and value has to be shown through BI content once the platform is implemented.
- In addition to the established players, numerous emerging vendors continue to mature, creating a dynamic and complicated market space.
- Leverage use cases. Base your vendor selection on your requirements and use case, rather than on overall performance.
- Business Intelligence is an organization-wide solution. Engage the business in the selection and implementation to ensure you choose the right tool.
- Business Intelligence is only the beginning; analytics is the end goal. BI helps you be aware of your current situation and understand “why;” BA gives you the forward-facing view to enable strategic decisions for your organization.
- Don’t boil the ocean. Executives need to see it to believe it, making a pilot highly desirable.
Impact and Result
- Evaluate your organization and land yourself into one of our four BI use cases. Find a BI suite that best suits the use case and therefore your organization.
- Understand the ever-changing BI market. Get to know the established vendors as well as the emerging players.
- Define BI requirements comprehensively through the lens of business, data, architecture, and user groups. Evaluate requirements to ensure they align with the strategic goals of the business.
- Emilie Harrington, Lowes
- Randy Bartlett, Blue Sigma Analytics
- Sharon Blanton, Hawaii Pacific University
- Eileen McEvoy, BusinessObjects - Crystal Reports
- Haluk Demirkan, ISACA
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- Analyst Interviews: Share your best practices, opinions, tools or templates with your peers.
- Webinars: Interactive session to keep us focused on topics you want to tackle.
- Upcoming Workshops: Accelerate your project with an onsite, expert analyst to facilitate a workshop for you. Contact us for more details.
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Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should select and implement a Business Intelligence and analytics solution, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.
Launch a BI selection project
Promote and get approval for the BI selection and implementation project.
Select a BI solution
Select the most suitable BI platform.
Implement the BI solution
Build a sustainable BI program.
Module 1: Launch a BI Selection Project
- Identify the scope and objectives of the workshop.
- Discuss the benefits and opportunities related to a BI investment.
- Gain a high-level understanding of BI and the BI market definitions and details.
- Outline a project plan and identify the resourcing requirements for the project.
Key Benefits Achieved
- Determine workshop scope.
- Identify the business drivers and benefits behind a BI investment.
- Outline the project plan for the organization’s BI selection project.
- Determine project resourcing.
- Identify/perform the steps to launch the organization’s selection project.
|1.1||Identify business drivers for investing in process automation technology.||
|1.2||Identify the organization’s fit for a BI investment.||
|1.3||Create a project plan.||
|1.4||Identify project resourcing.||
|1.5||Outline the project’s timeline.||
|1.6||Determine key metrics.||
|1.7||Determine project oversight.||
|1.8||Complete a project charter.||
Module 2: Analyze BI Requirements and Shortlist Vendors
- Identify functional requirements for the organization’s BI suite.
- Determine technical requirements for the organization’s BI suite.
- Identify the organization’s alignment to the Vendor Landscape’s use-case scenarios.
- Shortlist BI vendors.
Key Benefits Achieved
- Documented functional requirements.
- Documented technical requirements.
- Identified use-case scenarios for the future BI solution.
|2.1||Interview business stakeholders.||
|2.2||Interview IT staff.||
|2.3||Consolidate interview findings.||
|2.4||Build the solution’s requirements package.||
|2.5||Identify use-case scenario alignment.||
|2.6||Review Info-Tech’s BI Vendor Landscape results.||
|2.7||Create custom shortlist.||
Module 3: Plan the Implementation Process
- Identify the steps for the organization’s implementation process.
- Select the right BI environment.
- Run a pilot project.
- Measure the value of your implementation.
Key Benefits Achieved
- Install a BI solution and prepare the BI solution in a way that allows intuitive and interactive uses.
- Keep track of and quantify BI success.
|3.1||Select the right environment for the BI platform.||
|3.2||Configure the BI implementation.||
|3.3||Conduct a pilot to get started with BI and to demonstrate BI possibilities.||
|3.4||Promote BI development in production.||
Search Code: 76250
Published: October 20, 2014
Last Revised: July 8, 2015