The first step to evolve your BI & Analytics Program is to define a strategy for scalability and sustainability. It’s essential to define and understand the goals of the program to align all stakeholders. Datasource Consulting has conducted BI & Analytics strategy assessments across a variety of industries and worked closely with our customers to effectively execute. Our BI and EDM professionals will help customize a strategic initiative that makes the most sense for efficient and successful delivery.
As Enterprise reporting operations grow and include many different departments, it’s common for there to be redundant and stale reports bogging down the environment. To align with the best practice of ‘keeping it simple’ it’s important to re-establish a baseline and conduct an overall BI & Analytics Report Rationalization. This exercise can be targeted towards one BI technology or many. Datasource leverages a methodology and a set of templates to effectively facilitate the rationalization and prioritization process.
If you can’t measure it, you can’t monitor it. More importantly, departments must ensure they are capturing, measuring and monitoring actionable measures that will move the needle. Whether we are trying to decrease costs, increase profits or customer satisfaction it’s imperative that your BI Program is focused on the metrics that are most critical to the business community. Identifying this short list of ‘Key Performance Indicators’ across various departments is often easier said than done. Defining the list is a strategic initiative that begins with a cross swath of interviews from analysts to executives, as well as technicians. Analyzing and refining this list will strongly position your BI Program to quickly and effectively define a Return on Business Intelligence Investment.