Business Intelligence (BI), software costs far more than the purchase price. It can be costly to spend time researching, implementing and maintaining your BI investments.
Learn from the experiences of other businesses to save your time. The top 6 tips for successfully implementing BI software by Business Intelligence Services have been compiled by professionals who have taken the plunge.
1. PRIORITIZE YOUR GOALS
Boris Kontsevoi (President and Founder at Intetics) says, "Know your options" and match them with your business goals. Some BI platforms, such as Intetics, are free but can take up to four weeks to set up properly. Some are subscription-based but can be set up in less than a week. Are you more concerned about the price or the time?
2. RECOGNIZE YOUR NON-NEGOTIABLE CRITERIA
Peritas Solutions CEO Harold Leusink advises that you separate your' musts and your 'nice to-haves' before you start looking for solutions. Your 'nice to-haves' provide a framework that you can use objectively to evaluate any solutions that pass through your musts filter.
3. FIRST, UTILIZE BUILT IN TOOLS
Christy Delehanty is PandaDoc's Content Lead. She advises that you "opt for built-in analytics." Delehanty suggests that instead of pinning apps on apps and apps on apps, you should make use of analytics built into the tools. "Often, these dashboards offer the simplest glimpse at actionable data with minimal setup on your part."
4. CLEAN DATA ONLY
Jamie Lin, CEO at Gizmo Global, warns that data should be kept clean. This is a simple but critical issue that can be a problem during implementation. It makes everything easier to clean up your data before you start implementing.
Chandra Siv is the General Manager of Data and Analytics Solutions for North America for Mindtree. She agrees that data quality must be addressed. Siv says that data quality is crucial to ensuring success.
Also Read : How Small Businesses Can Use Business Intelligence
5. IDENTIFY KEY METRICS BEFOREHAND
Gina Cerami is Connotate's Vice President of Marketing. She says, "Before you implement business intelligence software, you should determine what data you require and in what format you would like it to be." "Find a technology solution that delivers clean data and actionable insights. Web extraction and monitoring solutions are complementary to business intelligence. They can help you make informed decisions.
Jon Mills, Paige Technologies Director, says "Know what your goal is before you start." It is easy to fall into the rabbit hole of correlation rather than causation when you don't have clear metrics.
6. START SMALL: CHOOSE FEW GOALS IN THE BEGINNING. THEN, ADD MORE
Raster Media CEO Michael J. Smith advises companies to "focus on your BI integration for one or two business goals initially." This will allow them to speed up the process and allow integration teams to concentrate their efforts instead of being overwhelmed by delivering results for dozens business objectives. Once the initial integration is completed, additional goals can be set.
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