Some pitfalls of implementing or migrating to a new BI platform?
The need for business intelligence is growing daily, and businesses all over the world are continuing to invest in BI solutions to gain insight into their organizational data, hoping to make sagacious business decisions that will afford a competitive edge to their businesses.
However, various statistics show that not all new BI platform implementations or migrations are successful. One recent survey by the National Computing Center has indicated that nearly a quarter of all BI projects intended to improve management decision making and improve performance are going over estimated budgets and timeframes. Another BI Market Study says that about 59% of all the BI projects are not successful. Research done by analysts at Gartner indicatges that fewer than 30% of BI projects meet the objectives of the business.
These kind of stats are mind-boggling. Few enterprises will initiate a new BI platform implementation or migration if the projects are bound to fail. The fact of the matter is all organizations want to succeed when they start the BI project. But it is fairly safe to conclude, based on the figures above, that there are risks and pitfalls associated with a new BI platform launch. Some of them are:
- No specific goals for BI project.
- Mismatch BI projects with business needs.
- No good data foundation.
- Lack of ineraction from end users.
- Underestimating the training cost.
Whether migrating to BI4 or implementing a new BOBJ BI platform, it is a seriously complex endeavor. Many mistakes can be made. Avoiding the pitfalls enumerated above, however, will provide a better foundation to build on. Ultimately, a successful implementation or migration to a new BI platform will not only deliver the right ROI, it can also deliver a strong competitive edge that is a key to an enterprise’s on-going success.