1 / 10

Challenges in Business Intelligence and How to Solve Them

Get strong executive sponsorship and involvement, start with a vertical challenge that can provide the best ROI, deliver a role-based solution that can be quickly deployed, understand that change and data visibility can be unsettling so make it a positive experience, and finally, 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.

ataira
Download Presentation

Challenges in Business Intelligence and How to Solve Them

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CHALLENGES IN BUSINESS INTELLIGENCE AND HOW TO SOLVE THEM • ATAIRA • www.ataira.com

  2. 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. Looking for basic aberrations and trends in data for sales, marketing, operations and customers is second nature to most companies. • This will help you tread water for a time but did you know you unlock exponential value to your data once you reach cross functional, role based, and collaborative analysis which enables iterative business process improvement?

  3. The challenges to operative data visibility are pretty easy to identify in a company. Do any of these rings a bell? • You have a thousand spreadsheets stored on your network and different departments may have different values for the same measure? The executives have clear objectives and have a strategy but if you ask an individual contributor there is only a vague notion of what they are, or are pursuing their own department objectives?

  4. Ataira You have data, a vision for analyzing your marketing or industry metrics but your IT department takes so long to assist with setting up the reporting tools and infrastructure that it becomes irrelevant before you can act?

  5. Business Intelligence Basics But let’s back up a little and first understand what business intelligence is in the first place. There are a lot of terms thrown around like analytics, ad hoc reporting, Data Analytics Consulting Services, data warehouse, key performance indicators and forecasting to name a few. If you ask ten people, you’re likely to get 20 answers to the same question. The fact is, business intelligence applied in a business environment is an ecosystem of both technical and business factors that drive performance in an organization aligned to strategic objectives.

  6. The actual process for running or starting a business intelligence project is a prescriptive methodology that is very different from other types of projects and as such there are best practices based on the size of the organization, vertical, maturity, objectives and processes being measured. In some ways it’s both an art and a science. • In short form, you’ll thoroughly understand your company’s objectives and how your department fits into that story. Then analyze the different processes in your company that affect those performances. Determine the measures within those processes that can be affected by managing their performance.

  7. Executive Sponsorship is Critical Ever heard the term, “you can’t push a rope”? Leadership can have the greatest plans for moving the business forward but unless each and every contributor to the processes that affect the outcome have bought into the mission and actively participate, the movement won’t get very far. Yes you can use the hammer and tie incentives to performance immediately instead of over time for which you will receive immediate backlash as a result. A good leader inspires the best in people, not the worst.

  8. Drive Vertical Then Go Horizontal • Stay Focused on the Business Drivers • Organizational Change and Data Visibility is Unsettling • Don’t Exclusively Focus on Financial Metrics

  9. Wrap Up So, the takeaway from starting and progressing a business intelligence initiative in your organization can have challenges but they can be overcome. Get strong executive sponsorship and involvement, start with a vertical challenge that can provide the best ROI, deliver a role-based solution that can be quickly deployed, understand that change and data visibility can be unsettling so make it a positive experience and finally, 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. Explore Ataira Microsoft 365 Experts for more.

  10. THANK YOU • ATAIRA • Address • Contact • Email • Social Media • 4810 Pt Fosdick Dr NW PMB 111 Gig Harbor, WA 98335 • 888-833-7660 • sales@ataira.com • https://twitter.com/AtairaAnalytics • https://www.facebook.com/atairaanalytics • www.ataira.com

More Related