BI can have a direct positive impact on the business performance of an enterprise, dramatically improving the ability to accomplish the mission by making smarter decisions at every level of the business from corporate strategy to operational processes. If you are starting to build BI capabilities in your enterprise and are not sure how to proceed, you arent alone. It is a challenge to select the right combination of people, processes and technology to design a successful BI enterprise. To overcome this challenge you need to build an effective BI strategy, which is driven by business objectives, enables stakeholders with better decision-making capabilities and helps the enterprise achieve desired goals. It is common for an enterprise to develop a BI strategy only to find it on the shelf later because it is not acceptable across the enterprise. An effective BI strategy should ensure that enterprise objectives, business strategy, investments and BI are aligned. Enterprises that are able to connect BI to overall enterprise objectives become intelligent enterprises. It requires a conscious approach and a blending of enterprise resources to deliver a complete, consistent and reliable source of information to fulfill the promise of BI. A BI initiative is of no use if it is not driven by the objectives of the enterprise. Implementing a BI solution should help an enterprise achieve the objective of advancing business by making the best use of information. It sounds easy but in very few places is this goal attained. Business requirements and enterprise objectives must drive the iterations. You need to establish a strategy before bringing technology or techniques in the conversation.
Prior to starting work on a BI strategy, you must learn and document your overall business objectives to help formulate a BI vision for the growth of business.
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