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Business Intelligence

The 4 P’s of Business Intelligence Success

Education** This guest post was written by Estelle Nicholson. Learn more about Estelle in the author bio at the end of this post. **

When starting a BI project, your first step should be taking a quick look at existing initiatives and the overall culture and support for BI. Understand the “4 Ps” of “people, products, power and pilot” before you launch:

  1. Assess what you already have. Who are the people currently doing business intelligence activities? What roles could they play in a more formalized BI setting? Data experts, analysts, data set owners and compilers – all are key resources for requirements gathering and power use.
  2. What products and tools are people already using? Large data repositories, analytical software, spreadsheets, custom-built systems?
  3. Check your sponsorship or the power behind the mandate or the initiative.
  4. Engage influencers in a pilot early to demonstrate the capabilities of the tool(s) you’re implementing and build support.

6 critical guidelines for Business Intelligence beginners

EducationBusiness Intelligence (BI) consistently ranks as one of the top priorities in various CIO and IT surveys. A recent Gartner survey puts BI as the top CIO priority for the last two years running. Forrester comes to the same conclusion.

The fact is, many companies are (or are planning on) adopting a Business Intelligence solution for the very first time. With data growing by leaps and bounds, it’s no surprise that more businesses are looking for ways to capitalize on that data.

The only problem: Most BI implementations fail. It’s no secret. According to various surveys on the topic, anywhere from 60% – 80% of BI projects fail. Yikes.

This paints a grim picture. Implementing BI is the #1 CIO priority, and many businesses will start a BI project in the near future…but most BI projects fail.

Today, let’s explore a few ways to lower those numbers. What must companies who are new to BI do to ensure success? What critical tips should these companies follow? We posed those questions to a few experts in the field, and have compiled their advice (along with some of my own) below. Here are 6 critical tips for BI beginners:

5 Reasons for Non-Adoption or Circumvention of a BI Solution

Education** This guest post was written by Estelle Nicholson. Learn more about Estelle in the author bio at the end of this post. **

After an initial burst of enthusiasm, we’ve discovered that BI projects, like many other IT projects, get derailed or circumvented for a host of reasons. People who approach BI projects come from environments outside of traditional IT, so it’s important to understand reasons why your project isn’t getting off the ground (or why it’s crashing) and some of the potential consequences.

7 worst practices of Business Intelligence

EducationImagine waking up at 2 a.m. to the sound of a screaming smoke alarm. Would you go back to bed? Of course not! You’re scrambling to get up and get the family out of the house as fast as possible!

Now, let’s compare that smoke alarm to your Business Intelligence (BI). Like a smoke alarm, a BI solution gathers data and alerts you to issues–but it ultimately falls on you to take action. This is where many businesses stumble. They either ignore the signals from their BI solution, or aren’t prepared to act when an issue arises. It’s like going back to bed when you hear the smoke alarm, or removing the battery so it won’t wake you up anymore.

I know that’s an extreme example, but it illustrates just one common “worst practice” of BI–a topic that we’re going to examine today. Now, chances are, you understand the concept and the value of BI. It helps you better understand your business and improves decision making, with the end goal of increased revenue.

The problem is, many businesses misuse BI, rendering their Business Intelligence either less effective or completely ineffective. What are these mistakes, and how can you avoid them? To help you answer those questions, I’ve compiled a list of 7 of the biggest “worst practices” of Business Intelligence, and outlined them below:

7 key Business Intelligence trends of the near future

EducationIBM estimates that “90% of the data in the world today has been created in the last two years alone.” While I can’t imagine how they came up with that number, the point is clear: We’re now creating more data than ever before.

At the same time, we’re seeing a fundamental shift in technology itself. In just a few short years, smartphones and tablets have become mainstream. We’ve seen consumer technology and software catch, and surpass traditional business technology. We’ve become an always-connected, mobile society that requires instant answers.

At the intersection of these technology shifts and data output lies some fascinating changes in the world of BI. Like what? I’ve compiled what I believe to be some of the biggest BI trends of the near future, and listed them below:

Confused by Business Intelligence? Read this.

EducationAre you confused by all of the Business Intelligence options and terminology? If so, you’re not alone.

In fact, this confusion is actually hurting the BI industry as a whole.

According to the research firm, Gartner, the Business Intelligence (BI) software market slowed slightly in 2012. One of the reasons for this slowdown: Confusion surrounding BI technology terms.

The fact is, despite having more options than ever before, businesses face a growing problem: With an ever-increasing number of BI vendors touting their own solutions and terminology, choosing a BI solution is now a confusing process.

If you’re dealing with this issue, I’d like to help. We’ve put together a free BI guide entitled, “Essential features of a good BI solution.” The free guide helps companies cut through the BI confusion and understand which features and capabilities they must target in a BI solution. I hope you find it useful.

7 signs that your Business Intelligence (BI) needs an overhaul

EducationMany companies are stuck using BI tools and practices that are in desperate need of replacement. These outdated BI tools/practices waste precious time, harm decision-making, and keep these companies from truly taking advantage of their data.

How do you know? Outdated BI displays many warning signs. Unfortunately, many companies either ignore, or don’t recognize these signs. Maybe they don’t like change. Maybe they don’t realize there’s a better way. Whatever the reasons, ignoring these warning signs will ultimately lead to larger problems.

So, what are these warning signs? How can you know if your company’s BI needs an overhaul? To help you out, I’ve solicited input from multiple experts and have compiled their advice below. Here are 7 warning signs that you’re dealing with outdated BI:

Weekly recap: How developers can stand out at work, bad mobile apps, and more…

EducationEvery week, I share the most interesting and useful tech articles that I’ve found over the past week. This week’s top articles focus on helping developers stand out at work, social BI, and more. I hope you find them useful:

Social Intelligence: The new frontier for BI
As I’ve mentioned in previous articles, Business Intelligence is moving beyond your database. Social sites, forums, and blogs often contain a wealth of information about your company. The next big push in BI will involve harvesting this social data.

Weekly recap: A strategy to improve application development, web accessibility, and more…

EducationEvery week, I share the most interesting and useful tech articles that I’ve found over the past week. This week’s top articles focus on improving application development, web accessibility, and more. I hope you find them useful:

Most data isn’t “big,” and businesses are wasting money pretending it is
It’s all over the tech sites. You’ve heard the hype. “Big Data” is the next big thing. Quick! Buy expensive software to manage all of your big data! Of course, I’m joking. The fact is, most companies don’t actually have “big data.” Unless you’re dealing with absolutely massive amounts of data, you don’t need “big data” software. You need BI software that will let you quickly analyze your data and run reports. If you’re looking for good BI software, here’s a handy guide that will help you choose the best option.

8 advanced BI features that many businesses overlook

EducationWhen you hear the term, “Business Intelligence”, what pops in your head? Flashy charts and graphs? Executive dashboards? Interactive reports?

If so, you’re certainly not alone. I’d wager that most people associate BI with one or all of those terms. The fact is, those are some of the most common features of Business Intelligence solutions. In fact, I would even add mobile apps to that list. These days, any BI solution worth its salt will include mobile application options.

That being said, I’d like to take a step past those common BI features. Any BI solution will give you charts and graphs. They will all provide dashboards and reports. What features separate the ordinary BI solution from the extraordinary?

Today, I’d like to focus on a few of the more advanced, yet often overlooked BI features. These are features that you may ignore at the time of purchase, only to realize you need when it’s too late. These are the features that will add enormous value to your company, and could even make or break your BI project. So, without further ado, here are 8 advanced BI features that you can’t afford to overlook: