Read anything about technology these days, and you’ll eventually get to some reference about business intelligence. There’s a ton of buzz around BI software, and with so much innovation happening in the sphere, it’s hard for even the most technophobic among us not to “geek out.”
Of course, being that it’s our business and all, we at 5000fish are always excited about BI software. But we’ve also been noticing more and more people coming out of the woodwork with questions about what BI might be able to do for their organizations. We’ve also noticed that people sometimes get the wrong impressions about what BI can do for their companies based on what they see happening for others.
Just like dating, choosing a career, or even picking a restaurant to grab dinner at, it’s important to know who you are before moving forward — and the same goes for BI. Here are five things you need to know about yourself before buying a BI solution.
1) What are you hoping to accomplish with your BI software?
You’ve decided to start exploring business intelligence tools because you want the one you finally settle on to do something meaningful for you. Maybe it’s to save money. Maybe it’s to drive sales. Maybe it’s to gain efficiencies. Whatever your goal may be, know it before shelling out for a solution.
2) Who’s going to “own” the BI tools?
You can buy the best solution in the world, but it won’t do you much good if no one has taken responsibility for spearheading your BI initiative.
3) How much time can your organization devote to its Business Intelligence efforts?
You’ll likely want as agile a BI solution as possible, but making use of your data will still require some amount of someone’s time — especially if that person has no experience whatsoever with BI. How much training and/or expertise does the solution you’re interested in require?
4) How much money can you devote to your BI initiative?
Sadly, not every company has the deep pockets of an Apple, Microsoft or Facebook. Still, there are terrific — and affordable — solutions out there that fit any organization’s budget. How many people will need to be equipped to be involved in your BI initiative? If dealing with a license-based pricing model, for example, how many licenses would you need, and what kind?
5) What do you need in terms of support?
Maybe all you need from you BI vendor is software. But maybe you need integration among systems as well. Or maybe you need help with developing your strategy. Whatever the case may be, being honest about where you stand as a company with respect to your BI capabilities and proficiencies will take you a long way toward finding the right solution for your organization.
Need help answering any of these questions? Our Customer Success team is happy to help your organization gauge where it falls on the great BI spectrum, so feel free to reach out to us today and find out more about the promise BI holds for you and check out a demo of Yurbi and see if our BI software may be the right fit for you.