9 common BI software mistakes (and how to avoid them)
Jennifer Lonoff Schiff |
Aug. 13, 2014
According to Gartner, business Intelligence and analytics will remain a top focus for CIOs through 2017, with companies spending millions on traditional BI software, cloud BI services and now mobile apps and even social BI. However, as the type and number of BI solutions has grown, so too has the possibility of failure, of picking the wrong business intelligence software for your business problem or problems or of having end users not understand or properly use the solution.
BI software "can be used to report on many different data points, identify risks and opportunities and forecast trends," Gerard says. Yet "many companies become complacent with a pre-defined set of reports and don't take into account the changing business environment," he says. Instead, companies should "maximize the reporting capabilities of their [BI] software, [so that they are] better able to predict and head off problems and identify risks."