All this has made data ownership easier, and setting up a process under such an environment is much simpler and effective. Most companies experience overall cost savings in IT budgets by about 60 percent over the previous years spending. Eliminating many similar reports to create standard reports could reduce hardware costs by about 45 percent. Long-running queries from different users are also reduced, and this could give about a 30 percent boost to overall performance for complex reports. Having a single BI reporting tool across the organization as part of a self-service solution creates standardization for information access and simplifies the learning curve for the business users because they only have to learn one BI reporting tool. This creates considerable savings on training business users across the organization. All these are substantial benefits that self-service BI can give and could prepare organizations for bigger challenges. Organizations can thus raise their aspirations toward achieving their strategic vision.
*All statistics cited in this article are based on Tata Consultancy Services Ltd. select customers.
Shailesh Kosambia is business intelligence and performance practice Manager for TCS for North America. He has executed and led many strategic initiatives. He has played critical role in advising customers on how to achieve operational efficiencies in business intelligence.