Noetix Corp. recently announced results from a market survey conducted to better understand the challenges and alternatives for conducting return on investment (ROI) and total cost of ownership (TCO) studies for business intelligence (BI) implementations. The results reveal that most companies do not believe they are using their current BI tools to their fullest potential. Moreover, if enterprises could conduct ROI studies more efficiently, it would be easier to get BI projects approved, justify the cost of purchasing hardware and software, and support the rollout of BI applications to larger user communities.
Though BI is becoming a key differentiator in many industries and is widely seen as giving companies the ability to extract more value from their data in order to improve corporate performance, most survey respondents stated that companies are not making good use of their BI infrastructure. Reasons for this included the following:
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