Business Intelligence Strategy
– Realise the Full Potential of your BI Solution!
In order to run a business efficiently, managers need insight. Today organisations are recording a lot of data, but it is generally less simple to make the data available as a basis for strategic and tactical decisions. Business Intelligence makes this information available in an accessible structure and format. Prioritizing the business intelligence efforts is therefore a prioritization of company focus – whether this is inventories, costs, profits and returns, staffing or other areas of performance. The Business Intelligence (BI) strategy establishes the direction for all business intelligence efforts and forms the basis for strategic and tactical decision-making, resource allocation and investments.
The BI Strategy and Roadmap will ensure:
- That your BI investments are driven by business objectives
- That your BI solution supports the defined business strategy
- That you realise the full potential of your business intelligence solution
Developing the BI strategy and roadmap can range from defining a top-level business case and vision to creating a roadmap that defines BI projects over a two-to-four-year time period and assessing the challenges which prevent your company from realising the full potential of its BI investment. Innologic has developed a five-step methodology that steers the BI strategy and roadmap planning process and ensures this is time well spent.
BI Strategy and Roadmap in Five Steps
- Define the scope of the BI strategy and roadmap
- Identify the current shortcomings and the critical business requirements
- Specify the governance and the process
- Define and set targets for each area (define benefits)
- Create the strategy and roadmap report
By following Innologic’s proven methodology, your organisation will be able to more clearly define business objectives for business intelligence, assess challenges and pain points and set the direction for developing the Business Intelligence platform and planning implementations 12 to 18 months ahead.
We know from our experience that the BI strategy will warrant companywide governance around BI, enabling:
- Easy prioritization and ensuring buy-in
- Expectation management
- Ensures that resources are applied where it creates most value for the business
The BI Strategy will provide the Foundation for Reducing Total Cost of Ownership (TCO) by:
- Increasing standardization and ensuring the implementation of BI in a controlled manner
- Building up the required knowledge and skills around the BI solution
- Establishing the BI roadmap for the next 18 to 24 months, providing the means for expectation management and optimal resource planning and allocation
At Innologic, we have successfully helped our clients to develop a BI strategy and roadmap within ten weeks. We have worked closely together with key stakeholders and users, setting the long-term direction for BI, which enables their organisation to:
- Achieve the full potential of BI
- Unlock the value of previous BI investments
- Reduce total cost of ownership