Most BI Projects Fail. Here’s Why.
Business Intelligence (BI) software is revolutionizing how we do business. It’s one of the fastest developing segments on the market, and for good reason. Business leaders can harness the power of their data in an ever-increasing number of ways at a speed never seen before. What matters most, of course, are measurable results: increased efficiency, time saved, disasters averted and profits boosted to name a few. Yet according to a 2018 Gartner report, through until 2022, only 20% of analytic insights will deliver real world outcomes. That’s a sobering figure. Like any worthwhile tool, however, countless external factors can significantly impact both the user experience and the desired benefits. Let’s dive into common reasons BI initiatives fail and how to not only avoid them, but…