I see a repeating pattern across many companies today. IT decision-makers and C-suite executives get all fired up about BI tools and are onboard about implementation but have no game plan on how to make it all happen.
- Do they want to achieve better decision-making capabilities? Of course!
- More efficient marketing and better transactional insights? Who wouldn’t?
- Are they ready to write a check for a fancy new BI tool to turn their company data into actionable insights? Absolutely.
But at the end of the day, these leaders are unsure how to implement the BI strategy or tools that they purchase. They underestimate the complexity of implementing an enterprise-grade BI tool; the dependencies, functional requirements, questions, and other best practices that need to be carefully scoped out in advance.
Gartner Research, in fact, points out that 70-80% of business intelligence initiatives end up failing. I see it happening every day. So, here’s my advice to the VP of IT or CxO decision-maker who has decided on a BI tool and is now deciding on what to include in the implementation steps.
The following 10 steps are my field-tested recommendations on what to include in order to ensure a successful roll-out of your BI tool strategy.