Business intelligence systems are the need of the hour… Wouldn’t you agree?
The fact that majority of the study and work environments worldwide now use fancy and technologically complex computer systems allows universities, organizations and institutions to effectively implement business intelligence systems. Business intelligence systems can make any organization or institution more efficient and competitive in its existence; however, the key to possessing all these qualities lies in successful business intelligence systems design and implementation strategies.
The question that now arises is whether there is a need, how to plan and which strategies to adopt to make an organization more efficient and competitive. Another question that may come into your mind will be about the post-implementation assessment. Do not worry; this article won’t leave you hanging in the middle!
Business Intelligence – A Brief Insight
Business intelligence, as explained by Gangadharan and Swami (2004) in a research paper, is a strategic initiative through which organizations measure as well as drive the effectiveness of their competitive strategies.
BI can also be defined as a strategic and technological tool used by organizations for the analysis of data collected during business operations. These technologies not only provide historical and current views, but also a glimpse of the future (predictive) path, a business can adopt.
The Need for Business Intelligence
The need for business intelligence systems can be easy to assess, however, moving forward with the project just because the industry trend is moving towards a more intelligent system can put you in a bit of a pickle. If you are willing to implement a business intelligence project, the cost and benefits of implementing the system should be clear to you.
Moreover, the BI project should solve a specific business problem and produce a design that includes the processes and procedures that will be affected due to the project. The design should also be clear enough to help you (the organization and its decision makers) and the IT specialists identify how the solution will improve the quality and/or efficiency of the work processes. The next step after the planning phase is the business intelligence systems design and implementation strategies.
Business Intelligence Systems Design and Implementation Strategies
Before deployment of a BI model, the complete process of the flow of information throughout the organization must be modeled. In addition, the type of Meta data to be captured and stored must also be documented. If a repository of Meta data were built, the database would have to be designed based on the model developed during mapping the information flow process.
Moreover, not all business intelligence systems design and implementation strategies will involve an ETL tool. In either case, identifying the ETL tool capabilities frequently is also important for an effective BI model. One important BI implementation strategy is also to build a culture of trust that will help the IT and business users communicate productively. Promoting an IT culture is also very important in helping employees realize that BI can make their work more easy, interesting and rewarding.
Establishing a Program Management Office (PMO) can help the organization learn about BI systems and what they are capable of. PMO can also help transform the culture of an organization and make sure that BI strategies are implemented at a pace required to stay competitive and ahead in the market. In addition to this, the successful deployment of a BI system may also require knowledge of the following:
- Big Data and Cloud Technology
- Data Integration
- ETL off-the-shelf and customized tools
- Data Migration
- Data Warehouses
Measuring Post-Implementation Success
When you have successfully reached this step, you will need to evaluate the success of your project. One thing to remember at this point is that the technical aspects should not, in any case, overshadow the business aspects. At this point, every movement should be in the manager’s knowledge since most BI projects fail to see the light of the day due to this very reason. Following the five steps below makes this process easier:
After evaluating the usefulness and success of the BI model, the BI cycle starts over with a refocused methodology and progresses in the following manner:
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Now you can conduct your day-to-day operations with more confidence. For more information, visit www.existbi.com. You can also contact us on +1 866 965 6332 (Canada / US) or +44 (0) 207 554 8568 (UK / Europe).