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Business Intelligence

6 warning signs that you need better Business Intelligence

EducationSummary: Every day, businesses suffer from the effects of bad or outdated Business Intelligence. These outdated BI tools/practices waste precious time, harm decision-making, and keep these companies from truly taking advantage of their data. Fortunately, bad BI tools/processes display many warning signs. These warning signs will help alert you to a problem, and keep that problem from spiraling out of control. Do you notice any of these warning signs in your business?

5 problems that create “Unintelligent” Business Intelligence

EducationSummary: Many businesses adopt Business Intelligence solutions with high expectations–only to be disappointed with the results. While many blame the problem on faulty software, the reality is, a successful BI project relies on a number of important factors. In this article, we explore 5 such factors that commonly hold back BI implementations.

Self-Service Business Intelligence 101: Understanding the Basics

EducationSummary: As data volumes explode, more and more businesses are realizing that traditional BI practices are less effective. We’re seeing a shift in Business Intelligence–away from an IT-driven process towards a self-service approach. But, while the need for self-service BI is growing, it’s still surrounded by a fair amount of confusion. The concept of “self-service BI” means widely different things to different people. In this article, we explain the basics of self-service, and the pros/cons it delivers to businesses.

The BI Roadmap (Part III): How to choose BI software

EducationSummary: Despite the growing need for analytics, most BI projects still fail. Why? In the first two parts of our BI Roadmap Series, we learned a few reasons why BI projects fail, and a few steps you can take to limit your risk. In this article, you’ll take the next step–exploring the key features and capabilities you need in BI software.

7 big questions that BI can help you answer

EducationSummary: We’ve all heard the generic BI benefits: BI improves decision making. It puts data at your fingertips. It helps you answer critical business questions. Those are all great, but…how will it help your company? What specific questions can it help you answer? While the answer varies by company, here are 7 common questions that BI can help your business answer.

New charting now available in m-Power

AnnouncementI’m happy to announce that m-Power’s reporting and Business Intelligence (BI) capabilities just received a major boost! We just released an update that includes much improved graphing and charting capabilities, and I think you’ll love it.

Now, you’ll still find all of the charting features you’ve come to expect out of m-Power, like chart drill-downs, tooltips, mobile charting capabilities, etc… We didn’t remove any existing features. We did, however, add some new capabilities that will help you create better web applications with m-Power. For instance, m-Power users can now:

9 most common Business Intelligence misconceptions

EducationGartner recently predicted that Business Intelligence (BI) and Analytics will remain a top focus for CIOs through 2017. As the benefits of a data-driven decision-making process become more evident, we’ll see most businesses adopt a BI strategy in one form or another over the next few years.

The only problem: Many businesses still don’t quite understand BI. They have a general idea, but the concept remains clouded in misconceptions. These misconceptions keep many businesses from adopting BI, or from taking full advantage of its potential.

Today, I’d like to address these misconceptions, and explain why they’re false. So, what are the biggest areas of confusion surrounding BI? While the list could be much larger, here are 9 of the most common BI misconceptions:

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.