Business intelligence is more than just software. For a successful implementation, businesses need to have the right processes and infrastructure in place in addition to the right business intelligence applications.
Unfortunately, a lot of implementations aren’t successful. According to a 2011 report from Gartner, 70%-80% of business intelligence projects fail.
In order to prevent that, here are some of the best practices organizations should follow when they formulate their business intelligence strategy:
- Decide whether you need business intelligence
- Standardize systems and processes
- Focus on usability
- Get the data ready