Biggest BI Project Problems and Benefits
Here are 5 key results from the worlds largest annual vendor-independent survey of BI and performance management, conducted by the Business Application Resource Center.
In this years survey, query performance regained the dubious title of most commonly cited product-related problem. Last years top problem, data quality, dropped to third, while lack of interest from business users registered its highest ranking ever at no. 2.
According to the report authors, making better business decisions is an obviously desirable benefit of upgrading and installing BI projects. However, it is a benefit that cannot be accurately scoped when developing the business case for a project. While all BI projects would hope to gain this benefit, few projects would be cost-justified against the possibility that it might one day be achieved.
Visual and discovery tools, particularly from smaller and niche vendors, achieved the highest amount of desired user and business benefits, according to the survey. This reflects a continuing trend of friendliness and flexibility for end users.
According to the survey: Slow and late implementations are traditionally one of the biggest problems with many IT projects, including data warehousing and BI applications. ... The Survey found that 71 percent of projects are rolled out within six months. Project implementation time has slightly increased since last year, but we do not foresee a significant increase in the future.
There has been significant growth in BI usability between 2007 and this year, particularly among administration and management. There is also a clear increase in use across business departments, though to differing degrees.
Business intelligence projects appear to be getting better at end-user search and visualizations, as well as enterprise maturity, according to the BI Survey 12. However, some of the same old problems with data quality, roll-out times and executive buy in persist.
Big Data: 14 Requirements for Real-Time Analytics
10 Chief Data Officer (CDO) Career Trends
Inside a Big Data Headquarters
10 Phrases That Kill Big Data Projects
10 Best Paying Big Data Career Skills
10 Worldwide IT Spending Forecast Trends for 2015
10 Internet of Things (IoT) Trends & Considerations
10 Big Data Experts to Know