Essay about Business Intelligence Software : An Organization

1506 Words Mar 19th, 2016 null Page
Business Intelligence software, more commonly known as BI software, is software designed for the purpose of analyzing data to understand the strengths and weaknesses of an organization better. It allows the management of an organization to clearly see the relationship existing between the different data, to ensure that the proper decisions are made, especially when it comes to the deployment of resources used. Overall, Business Intelligence software plays a critical role when it comes to the process of strategic planning within a corporation.

However, approximately 80% of Business Intelligence projects tend to fail because of crucial mistakes being made. As long as you are aware of how to be successful with a Business Intelligence software project, there is little room for failure.

#Knowing How to Properly Outsource

The most crucial aspect when it comes to the success of a BI project, is the knowledge of understanding what is sorted where, and how the company itself works. Data Analysts and Business Analysts who have an understanding of such aspects within the organization are incredibly valuable, considering they will be the ones to refute or validate all of the BI 's implementation when it comes to being successful.

Therefore, an intimate knowledge for the organization 's practices, policies, customer demographics, and user demographics is incredibly important, and are things that cannot be outsourced. However, these very things are the crucial elements for success…

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