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Top 7 Essentials of a Successful Business Intelligence Strategy

In 2018 it is pretty standard that all companies have at least some sort of Business Intelligence Initiatives ongoing. But, this doesn’t imply that all add value to their organizations through data-driven insights. With that said, there are key things to be aware of when on the never-ending journey that is Business Intelligence. Here are our top 7 essentials of a successful business intelligence strategy.

Give Business Users the Keys

Architect your system in a user-friendly manner that unlocks data insights for the general business user. Giving analytic capabilities to those who understand the business strategies inside without a reliance on IT departments frees up resources and streamlines efficiency when decisions need to be made.

Focus on Business First

Use technology to solve current business problems or lapses in performance. Don’t use technology to chase abstract concepts or create more problems to tackle. Using a methodical approach to solve business problems will ensure that the entire organization is moving in the correct direction.

Quality over Quantity

With thousands of offerings and that number growing daily it is important to keep your focus on the quality of systems not the quantity. You need to vet each new solution you implement and ensure that you can trust these tools accessing your data. Inversely, you need to know that you can trust the data that these tools are pushing to you.

Evolve Constantly

Monitor each system you implement to ensure that you have the pulse of the organization and are allocating resources appropriately. By monitoring system usage and other data you can choose to evolve systems or dissolve initiatives altogether.

Agile Approach

Business and user needs change on the fly so your BI strategy must be able to facilitate these ever-changing use cases. Keep the focus on your business and user needs with an overall direction in mind but realize that the intricacies of getting to your end goal will change as business priorities change.

Evolve Your People

By empowering business users to engage with data-driven insights you can evolve the thought process of your entire organization. Instead of going off of gut or outdated metrics you have the opportunity to evolve your internal business positions to that of a hybrid between data analyst and business driver.

Educate and Empower Users

Educate your users to draw correlations between previously untouched datasets. Think in a curious way about your business and empower your users to get creative in how they approach problems. Taking this type of approach will foster a culture of constant innovation.

Business Intelligence is a concept more akin to a journey than it is a single destination. Constant evolution and an agile approach will boast a culture of constant innovation that will give your organization the upper hand. If you have any questions or would like to learn more about any of the concepts discussed above please drop us a note: info@panderasystems.com

 

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Re-engineering decision-making environments to mobilize business intelligence and immerse employees in knowledge, producing peak performance and ongoing success.

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