The
perceived high costs of implementing business intelligence (BI)
systems have prevented more than two-thirds of BI professionals
from doing so throughout their firms even though they
overwhelmingly believe that their companies can benefit from the
insights BI provides.
This is the lead finding of a
worldwide survey of
business intelligence (BI) professionals by Teksouth, a
provider of data management and analysis systems, and LogiXML, a
Web-based BI supplier.
A majority of survey respondents
also believe that corporate-wide implementation of
BI systems supports the opportunity for greater insight and
wider access. They said it delivers increased value over
department-level BI, even though the latter may cost less and
provide a more targeted focus to specific information. Alarmingly,
nearly two-fifths of firms revealed that they have no budget for BI
projects scheduled for 2008.
Other key findings
from the survey include: 89% favour a "BI on-demand" approach,
where workers can ask the questions they want instead of relying on
pre-formed queries; 58% feel that any knowledge worker should have
access to business intelligence tools; 43% perceive the cost of
implementing corporate-wide BI as "prohibitive"; 30% want a BI
solution, but are waiting for costs to drop before implementing
one.
Even though BI
professionals clearly understand BI’s advantages, they may not be
successfully communicating its benefits within their companies.
Nearly two thirds of BI professionals said some people at their
firms do not understand or appreciate its value.
A complimentary
copy of the survey summary is available for download from
www.logixml.com/survey
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