The Evaluation Of Business Intelligence A Case Study In A Major Financial Institution

The Evaluation Of Business Intelligence A Case Study In A Major Financial Institution-46
BI Roadmap Development The organization enlisted the assistance of a BI consulting firm to gather the necessary data and develop a BI roadmap.The distributed nature of the organization and the diversity of the approaches in use made it necessary to gather data from a wide range of sources.

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Some business units used BI applications supported by IT; others supported their own applications.

There was no single organization within the firm responsible for provision or oversight of Business Intelligence.

The BI partner elected to perform interviews with representatives of every major independent BI organization as well as the single information technology and central program management organizations.

Twenty-seven individuals from ten business units were interviewed.

The organization realized that an opportunity existed to consolidate its many data sources and provide the business units with a single view of the data to improve its usefulness.

As part of this effort, the company decided to work with HARKENDATA to perform a business intelligence roadmap assessment and develop a plan for increasing the effectiveness of the BI process within the firm.

The true purpose of BI is expanding the organization’s knowledge of itself and the environment it inhabits, and equally as important, making that knowledge readily accessible and understandable to the people responsible for operating the business.

In fact, “It’s not just about building a data warehouse and putting some reporting tools on top of it.

Author: Shiva kumar, Principal SME – Finance Performance Management, HARKENDATA Introduction Business Intelligence (BI) is often used as a shorthand term for data query and reporting.

A search of the term would typically reveal a variety of information technology options, all referring to a ‘business intelligence solution’ meaning some combination of hardware and software.

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