How Valuable is Business Intelligence to the Enterprise?
How Valuable is Business Intelligence to the Enterprise?
Just 26 percent of companies using business intelligence have five or more years’ experience with the technology. Those new to BI should be encouraged by the success of those who’ve gone before.
Overall, business intelligence is an IT success story: Our most recent IT spending survey found that BI spending is increasing more quickly than spending on any other application. This month’s survey reveals that 72 percent of users say their BI efforts have had a major and measurable impact on their companies’ bottom lines. But not all business intelligence goals are being met, and there are problems beneath the veneer of satisfaction.
An overarching question in this year’s BI survey is: Are companies learning how to use BI better? The good news is that experience counts. The longer a company uses BI, the wider BI usage spreads within the organization, the more the organization tries to do with the technology and the bigger the technology’s contribution to the bottom line. That’s just what CIOs would hope to hear. This year’s survey also looks into the practices companies follow to achieve their BI goals.
We see a correlation between experience with BI, data quality and development of a clear strategy and vision for business intelligence use. Still, many long-time BI users report problems. Issues of integration, accessibility and bringing users up to speed on how to analyze and use BI data dog this technology. The value of BI increases with experience, but even veteran BI users see room for improvement, and opportunities to gain more value from BI.
read more >> Top 5 Ways To Increase BI Value
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