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Breaking Down Business Intelligence

Intersect THE GROUP BREAKING DOWN BUSINESS INTELLIGENCE User dissatisfaction of Business Intelligence solutions continues to plague corporations. Complaints expressed by business users include delays in producing information, too much data, lack of relevant data and low information quality. The right mixture of strategy and governance will result in improved results and business data usability. PROBLEM of companies describe their company as data-driven, yet only 27 percent of 2/3) companies have a clearly defined 74% OF COMPANIES HAVE DIFFICULTY DEFINING BUSINESS BI and analytics strategy. REQUIREMENTS FOR ANALYTICS PROGRAMMING. 5 signs of a BI problem: SOLUTIONS: PLANNING AND GOVERNANCE No data steward High performing companies are THE IMPORTANCE OF DATA GOVERNANCE IS INCREASING DAILY. DATA PRODUCTION WILL BE 44 TIMES 2 Multiple data stewards Issues are "too difficult GREATER IN 2020 THAN IT WAS IN 2009. 50% to correct" Without governance, bad data could negatively impact company decisions. Correction processes are too difficult 2009 DATA PRODUCTION 5 Lack of data stewardship flow 2020 more likely to use analytic information strategically. If the median Fortune 1000 company were to increase the usability of its data by 10%, company revenue would be expected to increase by $2.01 Billion dollars. HOW & WHY TO MAKE IT WORK %24 6 STEPS TO DATA GOVERNANCE SUCCESS 1. Hire a governor and the right people to govern 2. Survey your situation 3. Develop a data-governance strategy WITH DATA GOVERNANCE, 90 PERCENT OF YOUR COMPANY'S DATA WILL BE ACCURATE. 4. Calculate the value of your data 5. Calculate the probability of risk 6. Monitor the effectiveness of your controls Proper Data Governance Can Lead To: A 15 Percent increase in annual product sales and a 10 Percent increase in profitability Make Data Widely Accessible 13.5% of organizations have widespread BI analytics, while 29.7% have just pockets of regular use. The Intersect Group understands the challenges organizations are facing in maximizing their investments in business intelligence solutions and tools. IN CLOSING, COMPANIES THAT EFFECTIVELY UTILIZE A BI ANALYTICS STRATEGY EXPERIENCE... Our combination of sophisticated consultative approaches and talented business and technical professionals will guide your organization past common business intelligence pitfalls resulting in a higher return on your 69% higher revenue per employee when a thorough understanding of business and technical requirements for BI is in place BI investment. 20% reduction in BI expenditures when multiple BI tools are consolidated into a standardized enterprise-wide portfolio SOURCES: 16% lower BI expenditures (as % of IT spend) when they have a formal BI organization/competency center in place IDC and Computerworld BI & Analytics Survey, Christian Steven, Silicon India, Tech Republic, Harvard Business Review Press, CSC, CIO, IDC and Computer World BI & Analytics Survey, Business Impacts of Effective Data - University of Texas at Austin study, Big Measuring Data Startups

Breaking Down Business Intelligence

shared by TrevelinoKeller on Jul 15
The Intersect Group Provides Insight into the Latest Business Intelligence Trends with New Infographic


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