ABSTRACT

When considering Business Intelligence (BI) software, it is essential to be aware of underlying issues that can seriously affect your bottom line. In a country where most businesses have information stored in several different databases, it’s no secret that the BI strategy you choose will affect your profit and loss target. From data collection and integration to data analysis, the holy grail of business intelligence software combines your disparate databases to provide a decision support system that will enable you to make key conclusions using all of the available information. This is clearly a huge bonus to those companies searching for ways to surpass their competitors. However, in today’s landscape, managers and executives in small to midsize organizations are at a significant disadvantage where business intelligence is concerned. Their business intelligence data and needs are similar to their Fortune 500 and Global 9000 counterparts, but their business intelligence budgets are not. So how do you find the right business intelligence vendor, one that provides concurrent access to all available types of information with a simple, user-friendly interface at a cost that makes sense? Simple: avoid these top five common obstacles and purchase only what your company will use.