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Three Tips for a Winning BI Project

By SiliconIndia   |   Thursday, 27 September 2012, 13:12 Hrs
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Bangalore: Business Discovery provides a new level of analysis than the traditional BI platform and it has revolutionized the way data is managed and analyzed.  It can be deployed in the cloud or on a laptop or a mobile.

By 2014, less than 30 percent of BI initiatives will align analytic metrics with an organization’s corporate strategy, according to Gartner.  “Organisations often develop and deploy hindsight-oriented reports and/or query applications focusing on metrics that users may find interesting, but they don’t represent the operational or strategic controls used to facilitate business performance.”

Business discovery allows business users to explore information across various dimensions and data sources. This bridges the gap between BI and business goals. “Business discovery takes you down the path of exploring data,” said Donald Farmer, QlikView.

According to a White Paper by QlikView titled “Business Discovery: The Next Generation of BI” Business Discovery infuses BI with new capabilities.
Business Discovery enables everyone to create an insight. It’s analogous to open source computing or peer creation and provides data access and analysis to individuals and groups. This insight helps them obtain information more rapidly and precisely than ever before.

Intuitive interface and an application infrastructure of these platforms are tailored to exploit the opportunity of a truly mobile and well informed workforce. It empowers anyone to quickly develop and deploy reusable simple, focused and intuitive apps. It simplifies the task of business users to remix and reassemble data in new views to create visualization for deeper understanding.

Three tips for a successful BI Project

Let us have a look at three tips to implement a successful BI project as mentioned by Aaron Tan in

New strategy for data: A new strategy should be devised in order to organize and integrate the data across the enterprise and one has to ensure that the data warehouse does not become a messy data dump.

From the ground level: Some organizations limit the use of BI tools to only top executives. Line managers should also be given access to BI tools to give them greater ownership over the organization’s performance.

Not just Technology:  One can slice and dice all data on sleek looking dashboards. However, managers need to have deep analytical skills to take full advantage of BI. According to a study by Computing, a U.K-based IT publication, only 14 per cent of participants said their organizations were committed to acquiring the analytical skills that will make sense of their data.

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