There are numerous reasons why a software implementation might fail and the list is too long to cover in this article. But, when it comes to Business Intelligence software, there are some common reasons for failure.
Like many other businesses, your enterprise may have entered into the business intelligence (BI) domain with the belief that, as soon as the BI tool was in place, the organization would be magically transformed into a business running at the speed of light, sidestepping every common business issue and making decisions without error or misstep. The fact is that many companies fail to get the most out of business intelligence, even after spending a significant amount of money and time to implement the solution.
Today’s business managers and owners are savvy enough to know that self-serve business intelligence is the way to go. Business users need data visualization, monitoring and analysis if they are going to help the organization to achieve the best results and compete in the market. You want to provide true data democracy in your organization and since most BI tools vendors are pitching the benefits of self-serve BI, one might assume that real self-serve BI tools are available from every vendor, but nothing could be further from the truth (so, buyer beware!)
When business intelligence vendors talk about democratizing data discovery, they can have very different interpretations about ‘democracy’. If a business intends to provide self-serve BI tools to its employees for daily use and data discovery, it must provide true data democratization. The business user cannot be limited to viewing static dashboards developed by dashboard developers with only the most basic drill down and filtering capabilities. Business users must be empowered by true data democratization and self-serve BI tools, which, in many cases, is the original intent of a BI solution implementation. Sadly, many businesses never achieve their original goals, but rather end up with ‘packaged dashboards’, because they are hamstrung by desktop-based data discovery BI tools that require design control and intervention by dashboard developers and limit business users to packaged views and tasks.
Small and medium sized organizations often give up on the idea of business intelligence and corporate performance management, because they believe that the BI tools and solutions are too expensive and complex to implement and that their organizational structure and processes is simple enough to manage without these types of tools.
There has been a lot of talk about data democratization and self-serve business intelligence (BI). There are many reasons why BI vendors and customers are interested in self-serve BI tools. For BI customers, the need to involve all team members in driving business results is a no-brainer. For BI vendors, the need to satisfy customer demands is also a no-brainer. So, why does it seem to be taking so long to get to achieve true BI self-service?
Handling large amounts of data for business analytics can be challenging. To defeat data overload and manage those mountains of data, you need smart aggregation and consolidation of relevant data encompassing appropriate contextual information over a relevant period.
New BI tools have made this job easier with deep dive technology that enables simple analytics and allows you to leverage sophisticated tools, in an easy-to-use environment so that you can not only report on your data but you can get to those hidden nuggets of data that will have the most impact on your organization.
ElegantJ BI is proud to announce its ISV relationship with Tally Solutions, combining Business Intelligence with the popular Tally® accounting solution. The ElegantJ BI business intelligence Tally® partnership benefits small to medium sized enterprises (SMEs), by supporting their ongoing usage of the popular Tally® ERP and accounting solution, and helping Tally customers to leverage the value of Tally in an integrated, scalable environment that supports company and user base growth, and enables true self-serve business intelligence reporting and in-depth analysis.ElegantJ BI CEO, Kartik Patel says, “This integral relationship allows Tally Solutions customers to drive performance and to integrate ERP, CRM, HR, inventory and other data with their Tally data with an affordable, one-day installation process and complete support for enterprise needs.”
