According to a recent TechRepublic article, many organizations are revisiting their BI implementations in light of digital transformation and other enterprise trends. As these companies look to devise an overarching global BI strategy, there are some key elements to consider.
Questions to ask at this stage include, does management understand what BI is and why it matters? Will they provide the budget and staff resources necessary for revisiting the BI strategy? Should the answer to either of these be “no,” then the first step is ensuring that the strategic plan clear up any lingering confusion or misperceptions. In order to be successful data leaders must build a compelling business case for BI. This can only happen once management truly understands the technology and the benefits it can bring to the business.
Another important consideration is whether the IT staff is ready to develop and support BI. It’s essential to have solid BI skills in the database group, as many BI data repositories, warehouses, and marts will be required to support BI enterprise-wide. It’s also critical that the application group be savvy in BI tools and development and that the business analyst group is prepared to work with end users to develop the best BI use cases.
Before end users can be expected to collaborate on BI use cases, IT must first assess their interest and aptitude. As the TechRepublic piece underscores, a willingness to embrace BI should be well-established within both IT and the user base before any organization proceeds with an enterprise-wide BI strategy.
A Data-Centric View
To be successful, organizations need to utilize data of different structures and formats. This necessitates eliminating system silos, moving different types of data into a centralized data repository, and ensuring that data across all systems is accurate, consistent, and timely. To do this, companies also need a strong data architecture comprised of various data marts, warehouses, and repositories that work together and exchange data within the BI framework.
For more on devising a successful global BI strategy, take a look at this previous APEX of Innovation post.