Business intelligence (BI) projects are dogged by cost and time overruns despite firms’ meticulous planning.
Two thirds of the datawarehousing professionals surveyed by data management firm Teksouth say that overruns have forced them to scale back their BI or datawarehousing efforts or request further funds. More than half report moderate or major delays.
Brad Marshall, Teksouth’s director of commercial projects, believes that these gloomy statistics are deterring smaller firms from investing in datawarehousing.
“They know the value that BI/datawarehousing systems can bring, but are scared by the prospects of the projects turning into a never-ending time and money pit, without clear deadlines in place that they know will be met,” said Marshall.
Despite planning for overruns, 36% of the respondents found implementing a datawarehouse to be “incredibly tough”.
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