Market research company, Gleanster, has released a benchmark study that highlights and analyzes the top drivers, challenges, reasons to implement, and ways to measure the success of a Business Intelligence (BI) implementation.

The company specializes in benchmarking and establishing best practices for technology-based business initiatives. The BI report was based on feedback from 273 respondents.


Benefits: Drivers behind the decision to implement a Business Intelligence solution

The survey found that the top three drivers underpinning the decision to implement a BI solution are:
  1. The ability of a BI solution to help produce better business decisions via timely, accurate and more comprehensive analysis of available corporate information assets
  2. The ability of BI to identify growth opportunities
  3. The ability of BI to reduce costs and wastage by identifying areas of high expenditure, operational inefficiencies and analyzing transactional records
Other drivers included the ability of BI to help:
  • Underpin strategic adjustments in real-time (or near real-time)
  • Identify risks and threats
  • Increase customer profitability
  • Improve and measure workplace productivity by employee, department or function
  • Improve operational and supply chain efficiencies

Full Article.

http://www.yellowfinbi.com/YFCommunityNews-Business-Intelligence-Drivers-challenges-benefits-and-ROI-103783