Common Business Intelligence Issues

Problem: Lack Of Strategy

Result: Poor Return On Investment

Solution: Define a BI and Performance Management Strategy

It is important that building a BI strategy is a collaborative exercise across the organization. This documented BI strategy needs to identify a shared set of goals company wide and goals and a performance management strategy can then be agreed upon.

Problem: No defined architectural approach to BI applications Result: Inconsistent Results

Solution: BI Best Practice

BI applications and the supporting technology infrastructure are required to provide capabilities that service multiple users and provide for a multitude of planning and analytic functions. It should allow information to be acquired and used for different purposes from multiple sources.

Problem: BI is out of date Result: Inconsistent Data

Solution: Adopt new technology advancements

Adopting to technology advancements can influence or revise a solution strategy and can make obsolete existing practices in favour of new practices. Organizations must acknowledge and plan for the impact of these changes.

Problem: Users lack correct skills

Result: Poor Return On Investment

Solution: BI Support and User Program Management

Organizations need to develop and organize the program management, development and user skills necessary to turn business intelligence and performance management into a core competency.

Problem: Building a sufficient business case for BI

Result: difficulty in building a convincing case to executives to sponsor

Solution: BI Assessment

Often times lead by IT, leaders need to build a strong case to decision makers that a change is justified. Information needs to prove that the will improve performance. A BI Assessment is the first step when building the business case for BI and to convincing executives to sponsor such a change.

Problem: Lack Of Adoption Result: Poor Return Of Investment

Solution: Program Management and Adoption BI needs to become part of company workflow and the adoption of the new technology needs to be company lead. Understanding how to deliver tangible results for BI Initiatives is paramount for it’s success.

Problem: Poor Performance

Result: Users are unclear how to leverage information and analysis that will improve performance

Solution: Achieve combined business goals and performance management

Enterprises need to better understand and manage business performance. As BI is used to lead decision-making, BI capabilities will become more pervasive in operational and workplace applications and will be used to support decisions, explore areas of growth, measure, manage and optimize businesses performance.

Problem: difficulty in identifying the correct performance metrics

Result: Incomplete reporting and analysis

Solution: BI Dashboards

BI dashboards is a report-centric BI that provides a target goal and displaying the measure in an easy to understand graphic. This is typically in the form of a dial or a traffic light. These visuals need to be linked with a cause- and-effect relationship, enabling users to perform root-cause analysis.

MSP Consulting Limited

MSP Consulting offers a BI Assessment that can provide guidance on how to build a BI strategy while avoiding common BI problems. We can show you how to align and integrate a successful BI initiative between IT, business functions and users, and balance tactical and strategic demands while providing insight into market developments. Contact us today on 01784 898 0333 to see how we can turn your BI problems into BI solutions.