Reduce the cost of business intelligence
IT and business management are increasingly expressing alarm at rising costs associated with Business Intelligence (BI) implementations. A new report from Aberdeen Group reveals that top-performing companies are doing more with less.
IT and business management are increasingly expressing alarm at rising costs associated with Business Intelligence (BI) implementations. The fear of hidden costs has kept many companies from making an investment, and many adopters have found that ongoing support and maintenance costs for ever-changing analytical requirements inhibits user penetration and the ability to manage total cost of ownership.
A new report from Aberdeen Group entitled "Managing the Total Cost of Ownership of Business Intelligence" reveals that top-performing companies are doing more with less when it comes to managing the costs associated with implementing, deploying and supporting a BI solution. The report finds that Best-in-Class companies achieved significantly better year-over-year results on four key metrics:
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IT and business management are increasingly expressing alarm at rising costs associated with Business Intelligence (BI) implementations. The fear of hidden costs has kept many companies from making an investment, and many adopters have found that ongoing support and maintenance costs for ever-changing analytical requirements inhibits user penetration and the ability to manage total cost of ownership.
A new report from Aberdeen Group entitled "Managing the Total Cost of Ownership of Business Intelligence" reveals that top-performing companies are doing more with less when it comes to managing the costs associated with implementing, deploying and supporting a BI solution. The report finds that Best-in-Class companies achieved significantly better year-over-year results on four key metrics:
- 5.8% improvement in on-budget completion of BI projects, more than 5 times the average rate,
- 4.3% decrease in the cost-per-user of BI applications, more than four times the average rate,
- Average of 14 days to achieve completion of BI projects, almost three times shorter than Industry Average companies and over ten times shorter than Laggard companies,
- Average of .6 days (4.8 hours) to make a change or modification to an existing BI report or analytic view, versus 3.2 days among Industry Average companies and 7.9 days among Laggard companies.
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