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- Apr 3, 2023
- 2 min read
Challenges in your Business Intelligence Journey
You have probably heard the saying that data may be the most valuable asset that a business owns. But it's not just data for data's sake. It's what you do with it that counts. Without the right tools in place, it's just worthless information.
The Challenge for most businesses is leveraging this data into usable information and creating a data-driven business culture which effectively utilises this information to create increased business value.
"Data is what you need to do analytics. Reliable information is what you need to do business" - John Owen
The rapid rise of Business Intelligence (BI) tools has provided powerful opportunities to deliver information capable of resulting in genuine change to your business.
This information has never been more accessible.
So why is it that so many businesses are struggling to effectively implement these tools.
85% of corporate business intelligence projects fail
according to Nick Heudecker - Research Vice President at Gartner, Inc.
BI transformation in today’s business environment is challenging. A big downfall of many BI transformations is the “iceberg effect”. That is, 90% of the focus being spent on 10% of the overall process - creating those much sought after reports!
This is often down to a lack of in-house expertise and people juggling their already over-busy work schedules. The result, a drawn-out implementation process without robust procedures and processes - both critical to successful BI adoption.
One solution is hiring in-house personnel, however as management often does not have the skillset required to plan and manage these people, this can readily become a costly and unstructured process. Because of this more and more businesses are looking externally to provide this source of technical expertise.
"Effective reporting is built on reliable data. This means you need a data warehouse with a well-designed data structure in order to find your single source of truth."
John Goodman, Ramesys Global
How Ramesys can support your journey
We understand the 90% and with a clear focus on the value creation aspects, will rapidly develop sound data structures underpinning your information needs. We also happen to be pretty smart at delivering that final 10%.
Ramesys in-house experts support all stages of your BI transformation journey.
- Transformation Experts
- ERP Solutions Architects
- Data Warehouse Architects
- BI Developers
- PROSCI® Accredited Change Managers
Read more: About our Ramesys BI services