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Questions to Ask Before Implementing a Business Intelligence/Analytics System

  • Questions to Ask Before Implementing a Business Intelligence/Analytics System-

    Not every company has the internal resources needed to build their own BI infrastructure (and don’t forget the underlying data infrastructure needed to support it). Keep in mind that a build-from-scratch approach requires months to years (typically a minimum of eight months for an initial release of a single subject area) and will incur high costs. If companies are not willing to take on that investment and risk, they can look to cloud-based offerings on the market, which can be delivered much faster, cheaper and offload the risk to the vendor. At a minimum, take the opportunity to talk to your vendor about what other companies of your size are doing to solve these common challenges.

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Questions to Ask Before Implementing a Business Intelligence/Analytics System

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  • Questions to Ask Before Implementing a Business Intelligence/Analytics System-6

    Not every company has the internal resources needed to build their own BI infrastructure (and don’t forget the underlying data infrastructure needed to support it). Keep in mind that a build-from-scratch approach requires months to years (typically a minimum of eight months for an initial release of a single subject area) and will incur high costs. If companies are not willing to take on that investment and risk, they can look to cloud-based offerings on the market, which can be delivered much faster, cheaper and offload the risk to the vendor. At a minimum, take the opportunity to talk to your vendor about what other companies of your size are doing to solve these common challenges.

Companies are moving to adopt business intelligence (BI) systems because the potential payoff can be needle-moving. However, making the decision to implement a BI solution is the easy part. What’s much harder is making sure you’re getting the most out of your investment by ensuring that certain preparatory measures are taken, and important processes, such as identifying key performance indicators important to your company, are solidified ahead of time. 

In this slideshow, Chris Garabadian, CoE leader (business intelligence, sales analytics and services) at IMS Health, a company that provides information, services and technology to the pharmaceutical industry, outlines top questions to ask yourself before and while implementing a BI/analytics system.