Is a BI system necessary in companies
Posted: Tue Dec 17, 2024 6:29 am
Interview with Raúl Benet from Adysa Group:German Pineiro's Blog
All companies, small, medium and large, need to make business decisions on a daily basis that will affect the direction and success of the company. It is surprising how many of them do so based on inaccurate, outdated or simply incorrect data.
In all my years of experience in the Business Intelligence (BI) sector, the fact that there are companies that manage to survive making vital decisions without GPS or an astrolabe and car owner data with a blindfold on, never ceases to amaze me.
So is a Business Intelligence system necessary for companies? Apparently not. Business decision-makers around the world continue to make decisions based on data from Excel spreadsheets compiled by some intern.
Why invest in a BI system if it is apparently not necessary? Where is the trap? The trap lies in the unsustainability of the process detailed above. In a world like today, highly competitive and globalized, it is necessary that decision-making is based on accurate and detailed corporate information, and this is achieved through a Business Intelligence system. Companies that do not have visibility of their corporate information will simply perish.
For the same reason that we no longer keep our money under a mattress or keep company accounts in a notebook, the next level of evolution is making corporate information accessible to whoever needs it, whenever they need it, and in whatever format they need it.
Business Intelligence systems provide full visibility of corporate data, as well as ubiquitous access to it: from anywhere in the world, at any time. This technology converts company data into useful information for decision-making, and presents it in the form of reports and dashboards to facilitate understanding and sharing among all business decision-makers.
However, the main drawback that Business Intelligence systems suffer today is that they are expensive. A considerable investment, in time and money, is required to implement these technologies. Therefore, the perception is that these technologies are reserved for large accounts.
All companies, small, medium and large, need to make business decisions on a daily basis that will affect the direction and success of the company. It is surprising how many of them do so based on inaccurate, outdated or simply incorrect data.
In all my years of experience in the Business Intelligence (BI) sector, the fact that there are companies that manage to survive making vital decisions without GPS or an astrolabe and car owner data with a blindfold on, never ceases to amaze me.
So is a Business Intelligence system necessary for companies? Apparently not. Business decision-makers around the world continue to make decisions based on data from Excel spreadsheets compiled by some intern.
Why invest in a BI system if it is apparently not necessary? Where is the trap? The trap lies in the unsustainability of the process detailed above. In a world like today, highly competitive and globalized, it is necessary that decision-making is based on accurate and detailed corporate information, and this is achieved through a Business Intelligence system. Companies that do not have visibility of their corporate information will simply perish.
For the same reason that we no longer keep our money under a mattress or keep company accounts in a notebook, the next level of evolution is making corporate information accessible to whoever needs it, whenever they need it, and in whatever format they need it.
Business Intelligence systems provide full visibility of corporate data, as well as ubiquitous access to it: from anywhere in the world, at any time. This technology converts company data into useful information for decision-making, and presents it in the form of reports and dashboards to facilitate understanding and sharing among all business decision-makers.
However, the main drawback that Business Intelligence systems suffer today is that they are expensive. A considerable investment, in time and money, is required to implement these technologies. Therefore, the perception is that these technologies are reserved for large accounts.