Connect with us

Hi, what are you looking for?


5 Signs You Should Invest In Business Intelligence

Below are 5 sure-fire signs there are opportunities to get more value out of your business intelligence programs.

Explaining Away Variances In Business Reviews

In the past 6 months you’ve undoubtedly been in a business review when a department head presents contradictory results to the previous presenter and the meeting gets derailed. It’s frustrating for all attendees, and a source of anxiety for their analysts. The promise of business intelligence software is automated, self-serve insights, however, without proper shepherding of data, it can all so astray fast. The fact is, most of the hours worked in the business intelligence industry are dedicated to requirements, data cleansing and taxonomies, and less so creating the perfect algorithm. Chances are you’ll derive much more value out of a cleverly automated recurring ETL than that 1 time research project.

Your Analyst Team Sits In FP&A or worse, IT

Where should an analyst sit in an organization? Answer: they shouldn’t. They should be transient & ubiquitous throughout your company. The most productive business intelligence team is a standalone group, and why I believe they understandably get thrown under FP&A or IT. As an analyst, it’s easier to perceive organizational gaps, and properly convey opportunity as an outside voice. If a user finds themselves manoeuvring multiple reports to get a holistic view of their own operations, it’s due to singular departmental to-do lists for report builders.

You Have Reporting Data Silos

Be it your brand new CRM tool or a financial spreadsheet saved onto someone’s desktop, there is a good chance your data sources aren’t all talking to each other. You have data silos and you will have more in the future. It’s a good thing, so long as you’re doing what you can to utilize them as they come online. By inviting your Business Intelligence team to participate in business planning, you empower them to use every data source to your advantage proactively.

Frankenstein Reports

The natural progression of any mission critical report is users asking to add additional details. Analysts add it. They do it again for another stakeholder. Again, and again, and months later, the report which took seconds to render, now suffers from performance issues. Business-facing analysts are constantly bending requirements, and circumventing best practice for sake of a quick turnaround time. When deadlines start getting missed, it’s usually a sign there’s too many steps to ensure manual workarounds are publishing correctly, and its time for new business requirements.

Reports Without Business Objectives

“So what if sales are up 10%? How do I know they shouldn’t be up 50%?”

Pie charts are for presentations. Actionable reporting need objectives. Whether using forecasts, budgets, goals, etc., when there is no aim for achievement, the purpose is just data distribution. The more ambiguity in your report, the less purpose it is perceived to have. The intention should be one of status updates and sharing valuable statistics. Make sure you’re not simply publishing data you have, but communicating information your stakeholders need.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like


Big data is the gargantuan amount of data that is collected from various sources and occupies a large volume. It can be studied, understood,...


The corporation's goal is to increase income, which is derived through interest charges. Over the last several years, banks' values of the company


How can a startup business improve it efficiency and increase ROI? All businesses should be running at their most efficient, but many business owners...


Business intelligence has gathered many definitions throughout history. It started out in the 1960s as a system of sharing information across organizations. It quickly...