Posts tagged ‘How is BI used?’
April 22nd, 2013
Seabeck Systems, LLC
We’ve established that BI is a systematic approach to understanding company performance. A mature BI program generates actionable information that people are equipped to use for daily decision-making. Fortunately, you don’t have to wait for maturity to get some benefit from BI.
To implement a successful BI program at your company, your first steps are to invest time and brainpower to define your business and how it works. This detailed process of question and answer can be a challenge, but it’s also a great gift. Only by defining your business processes first can you understand how your business performs, and why changes occur.
This crucial process of business and technical evaluation is what we like to call Phase 0 of the BI program. The results of Phase 0 help clarify what a company wants to measure, and how to measure each element. We use Phase 0 to help our clients survey existing architecture, draw up a model of existing business data and processes, and develop a roadmap of measurable objectives.
The BI roadmap is an incremental plan for long-term BI program development. By incremental, we mean each Phase of the BI program is designed to proceed at a sustainable pace, with short-term gains in functionality. The incremental approach favors flexibility to changing business requirements, and fosters long-term company visibility for the BI program. (Remember, people are essential to BI success.)
Every BI program can be leveraged as soon as launched to broaden knowledge about company operations. As soon as you begin asking how your company operates and why, you’ll gain valuable insight. Like the sages said, “Know thyself.”
Got more questions? Try the BI Basics index, or share your questions in the comments.