Implementing Business Intelligence: Where to Begin

Implementing a business intelligence (BI) solution can completely reinvent your business by giving you in-depth insights into your data sets and allowing you to take your business to the next level.

This all starts with proper implementation, however. If you don’t plan out your BI implementation, you could end up with delays, budget concerns, data problems, and unsatisfied end users.

If you’re looking to start using BI software, here are the essential steps on how and where to begin, so you can ensure a seamless rollout that benefits both your end users and your business.

BI Overview

Data is essential to modern business. Businesses need to produce, collect, and store massive amounts of data, as well as have the ability to glean important insights to use it productively. Business intelligence offers analysis that leverages raw data, helping businesses become more effective and profitable.

Successful BI starts with careful and effective implementation, which is done using the following steps:

Identify Your Requirements

Implementing a BI solution should be initiated with the core business objectives defined, such as increasing customer satisfaction, expanding existing markets, improving revenue, or others. This will help you define your goals and determine the best way to use business intelligence to drive your organization.

Assign Responsibilities

During the implementation and execution of BI, it’s important to get the executive team on board and keep them aware of the business objectives.

From there, break down the requirements into key players and phases to be sure that all team members know their role in the process.

Verify Data

Data is a critical raw material for BI software.

Because of this, it’s vital that you process and evaluate your data to be sure that it’s accurate and timely.

You could lose the faith of your end users if your data is inaccurate during the initial rollout, so be sure to validate your data at every stage for the best results.

Choosing Software

Choosing the right software vendor is just as important as every other aspect of implementation.

Some providers offer solutions that shorten the BI implementation time, ensuring that you save valuable time and resources along the way.

For example, analytics can be embedded directly into an existing platform, invisible to end users, getting your product to market faster.

Embedded analytics can also be monetized and customized, giving your end users better reporting that helps with customer retention.

BI Solutions From Izenda

If you want to start using BI software in your business, these steps should ensure you have a smooth, seamless implementation that helps you reap the benefits. Still, BI is an ongoing process that adapts as your business grows and changes, so you need to be ready to support those changes to make it successful.

With seamless, flexible, and customizable BI solutions from Izenda, we can take a lot of the heavy lifting of BI implementation off your shoulders, allowing you to focus on your core competencies.

Our embedded analytics solution integrates into your existing platform at code-level, invisible to your end users, and gets you to market faster. Request your demo today to learn more!

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