Enterprise-Wide BI and Data Warehouse Capability
One common response to the continuous changes is to distribute the development of reporting and analysis solutions to the functional areas of the business and/or across multiple IT groups. This approach is rarely accomplished with a plan in mind; thus, many discover silos all doing similar BI-related work, resulting in unnecessary and sometimes hidden costs related to:
Excessive hardware and software due to purchases of redundant software tools, compounded by the lack of purchasing power when buying software in smaller portions;
Uneven distribution of organizational BI investments;
Time and effort being spent on less valuable tasks instead of analyzing information, spotting trends in the business and recommending decisions;
Time and effort spent to keep existing reporting solutions running - instead of developing new BI solutions that help the company "move the needle";
BI projects taking longer to deliver, costing more and failing to deliver on expectations; and
Decisions based on incomplete and inaccurate information, resulting in missed opportunities for reducing costs or increasing revenues. This is the greatest hidden cost of a siloed, disconnected BI approach.
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