Are you responsible for or involved with the Business Intelligence in your organization? If so, what kind of answers do you get, when you ask around for a good definition of BI? Do you get well-turned phrases loaded with big technical terms? Do the names of analysis methods, database systems, and vendors whizz past your ears? Then let me give you my definition of Business Intelligence, which is a simple paraphrase of Howard Gardner’s definition of human intelligence:
“Business intelligence is the application of cognitive skills and knowledge within an organization to solve problems, to learn, and to achieve goals that are appreciated by the organization and its business and cultural environments.”
Does the application of and approach to Business intelligence in your company feel that way? If not, you've come to the right address.
Obviously, most companies rank Business Intelligence (BI) as strategically important. It helps them identify areas for performance improvement, cost savings, and process efficiency, enabling them to plan better for the future. Nonetheless, for years already Gartner indicates that over 70% of all BI projects fail to meet the enterprises' objectives. And that, while on the average successful BI projects yield a return of € 10,66 for every euro spent. Why then does failure seem to be the norm?
Front-rank leaders of Gartner put forward two root causes:
Ř Poor communication between IT and the business
Ř The fact that IT leaders tend to concentrate mainly on the technological aspects of BI rather than on the severe lack of analytical skills.
To eliminate these two causes from our projects, we developed and used an approach for the development of database systems, the Information Management Frame, that made our BI-projects always successful.
PAlCon stands for Peter Alons Consultancy. You can contact us to get the methodical approach above implemented with you. In addition, we can provide courses on the full approach for you and your employees.