What is a Business Intelligence Strategy?īusiness Intelligence strategy is the complete framework that allows you to address the problems related to data, the demand in the market, and developing a unified system.
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And also how to make your business intelligence strategy using five easy steps to make it more effective. And for that, business intelligence strategy is highly essential. And it helps to stand ahead in the competitions. The corporates who are yet to embrace or hire experienced professionals find it hard to stand out, while those who make the most of it. And it is sturdy without data science, big data, and business analytics. By spottings where their competitors are lagging and turning all these loopholes into opportunities. To find out more about establishing a BI Centre of Excellence or to have a go at doing it yourself watch BISB’s video on how to DIY your CoE below.Businesses and corporates wanted to be on the top, gain a competitive advantage. If you’re experiencing end user grumblings, IT backlogs or high and increasing Total Cost of Ownership revisit your BICC management strategy.įor more information on the The Cornerstone Solution ® or any of its subsystems you can reach BISB via the contact page here. Mistakes in BI process and governance can be painful because BI has high visibility and happens directly in front of and is felt by end users. If you’re a medium sized to large company you may already have many BI users in your community. If you’re a small to medium sized company establish your BICC footprint as early as possible and plan for it to grow with you. This can lead to inefficiency, unnecessary stress and fire fighting. If the process continues to deviate unchecked it will become a process out of control. The process should be monitored so that if it starts to deviate it can be corrected (refer to Six Sigma process management for more information). When the process is well managed, order will be maintained and lead to success. With a clear BI process and communication everyone should understand what is going on.
The BICC should be the genesis of BI process. The benefits of realising self-service BI are numerous but without process and governance it can become chaotic. This means that they will be competent to log on to the BI system and help themselves to pertinent data for their analysis and then share the information with other users. Therefore, one of your key strategic BI objectives should be to help your user community realise Self-service BI. This can place a great burden on the IT department. Here are some example activities that your BICC might manage and conduct:Īs the organisation grows, the BI system develops and more and more users want a piece of the action. Your BICC should also be specifically designed to meet the needs of your organisation, and to this end the Cornerstone Solution ® systems are customised to meet your requirements. Your BICC should be scalable and will grow with you as your organisation grows.
The BI Centre of Excellence will help to ensure benchmark standards and formalised and documented BI process and the governance around it.
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If you already have a BI System in place you can opt for BISB to implement the Centre of Excellence systems without the full Cornerstone Solution ®.
The systems include processes, governance, templates, quick start documents, resourcing, and ticketing. Cornerstone Solution ® from BISB includes a module of subsystems specifically designed to plan and set up a BI Centre of Excellence. A key component that will help you fulfil your vision is the Business Intelligence Centre of Excellence also known as a Business Intelligence Competency Centre or BICC. Your strategy will be realised through your tactics and BI operational model. A Business Intelligence implementation should be designed to meet the strategic objectives of your BI strategy and these objectives should fulfil your vision. Implement a Business Intelligence Competency Centre with Cornerstone Solution ®Ī Business Intelligence investment takes time, money and effort to realise and so should be properly looked after.
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