The Secret Behind Business Intelligence (BI) Success

Organizations understand the importance of business intelligence (BI) to support the effective operation of a company. Getting the right data at the right time to the right person are the prerequisites for the success of a business. Establishing the processes and the tools needed to deliver the analytics and data in the most proficient way to meet the requirements of the decision makers of the business is essential.

Keeping all this in mind certain practices should be followed for the effective implementation of BI, so that it can be used for the success of the business. The increased adoption of the BI tools has led to the increase in demand of the SAP BI consultants. Shape your career in the right direction with SAP BI training.

Listed below are some of the best practices for the effective implementation of BI and thereby the successful running of the organization.

#1: Fostering Strong Relationships, Commitment Level, and Processes:

The success of a project depends on the level of commitment and involvement of the professionals either at the executive or expert level or both. It is just not enough to have requirements and sponsors for the business but it is also essential to have strong processes and relationships that ensure the cooperation with the business executives.

#2: The Use of Agile Methods:

Choosing the right method is mandatory for the success of a project. Otherwise even the best supported and planned BI deployment will not provide the desirable result if the chosen method is improper to deliver the BI initiative. Adopting an agile method means to break up the essential components of the project and working as a team to monitor the tangible deliverables from time to time.

#3: Establishing Solid Governance:

There are two aspects of governance related to the business intelligence, that is, governance of the BI deployment and the data governance. For using data to augment the operational efficiency, the availability and the value of the data procured from the external and internal source should be first understood. The employees of the organization need to understand how the data can be used in decision making, for improvement of process and developing new services and products. They also need to know how to determine each data and what external and internal rules are used to store, capture and process each data.

The governance of BI involves processes and rules related to the ownership, usage, and creation of report, distribution and the prioritization of desired and mandatory capabilities.

#4: Identifying Your Business Need Upfront:

Your next project should start by realizing that timely delivery of information at the right context can accelerate the rate, reduce the cost and improve the productivity in a particular segment.

#5: Identifying the Preferred Data Integration Method:

You should identify the most suitable method which would permit you to prepare the data for your application in the most timely and cost-effective way.

#6: Including the True User in the Selection Process:

 The true users should be included on the selection committee to ensure that the solution implemented is embraced by all the users. For a BI application to be successfully used by all the users, it should be easy-to-operate, so that it does not take up too much of their time. At the same time the preference of the technical users should also be kept in mind.

#7: Selecting the Most Appropriate Tool Set:

You should consider the present and future needs from the business and technical perspectives and the present skills in the business and IT departments should also be assessed. You should build up a set of criteria to enable you decide when to adhere to corporate standards and when to opt for exceptions.

#8: Seek External Help When Required:

 You should be able to assess your limitations and seek expert advice when required. This applies to all aspects of BI initiative, such as acquiring, selection and employment of technology, training and change management.

#9: Make change management and training an integral part of any BI initiative:

 You should be aware of the nontechnology suggestions of BI initiatives. This could include the replacing of a single tool or introducing novel ways of having things done. Support mechanisms should be in place right from the beginning.

The importance of BI for the success of an organization cannot be underestimated and you could take your career to a new height with a SAP BI certification course.