average time to implement a business intelligence platform

They are sometimes called 'moments of clarity' that push forward the whole undertaking. Insights are the ultimate goals for all authors, vendors and IT consultans when beginning the BI project. It is also important to give explanation to the term insight. They all helped to establish a new way in decision-making processes. What stays constant is the purpose of BI - to produce acurate, timely, high-value and actionable data.īusiness Intelligence as a concept is not new enterprises have been trying for a long time to have their systems pressed into service for the purpose of producing more valuable strategic insights.įrom not-so-distant past come acronyms preceding the actual BI, which stand for the support of information management, such as DSS (Decision Support Systems), EIS (Executive Information Systems), MDS (Management Decision Systems), MIS (Management Information Systems) and so on. Technological evolution is still on and differences can be seen between companies and depend on a current situation. Because the key factor here is time and time plays the main role as it is money for businesses and business intelligence helps improve that process.īusiness Intelligence is searching through a company's data and selecting information it can use to provide users with valuable insight into different areas of the operation.ĭespite generally defining Business Intelligence as acurate, timely, high-value and actionable (not in the legal way) insights in the business as well as technologies and processes leading to obtain them, there is no single set of protocols, processes and hardware/software options to define it once and for all. We need to constantly looking for other ways to make our decision making process easier at every stage. To have it right, people who run the business need to know exactly what Business Intelligence is and what are the top players on the Business Intelligence tools market. Because without that the company might be not working properly. If your answer is 'no', then you should start looking for the consultants who can make that start and running in your firm. Have you ever pictured all aspects of your business being tied together to monitor your clientele, keep tabs on your financial situation, and make sure that your supply chain is never interrupted?

Is your business as intelligent as it should be? If your company is looking to be 'smarter' than the competition, then for certain Business Intelligence is where it should invest. But as the IT branch is constantly increasing nowadays, new definitions of BI emerge, and, depending on the context within which the term is defined, they are less likely to resemble each other.Ĭan you imagine how long it might take you to find certain piles of paper to come up with the same answers to answer a business question? There isn't enough time in the day to complete the chores you already have. The shortest definition of Business Intelligence (BI) might be the following: any tool, process or activity that can be used for obtaining the best information of supporting the decision-making process.įor purpose of data management is concentrated around putting the power of computing to work in order to make the best possible choices for a given organization.

Average time to implement a business intelligence platform