Data & Intelligence

Top 5 Best Practices for an Actionable BI Strategy

In an earlier blog post, I pointed out a number of companies complete a BI Strategy but only to shelve it shortly after its completion.   One main reason is that companies let their BI Strategy atrophy by not maintaining it; however, the other main cause of shelving a BI Strategy is that it was not actionable. That is, the BI Strategy did not result in a roadmap that would be funded and supported by the organization.  As you formulate your BI Strategy, there are 5 best practices that will help result in a BI Strategy that is actionable and supported by your business stakeholders.  These best practices are:BI Strategy

1.       Address the Elephants in the Room – Many times if management consultants are brought into help with a BI Strategy, their objectivity is needed to resolve one or more disagreements within an organization.   For example, this disagreement could be a DW platform selection, architectural approach for data integration, or the determination of business priorities for the BI program.   The BI Strategy needs to resolve these issues or the issues will continue to fester within the organization, eventually undermining the support for the BI Strategy.   

Data Intelligence - The Future of Big Data
The Future of Big Data

With some guidance, you can craft a data platform that is right for your organization’s needs and gets the most return from your data capital.

Get the Guide

2.       Divide Work into Bite Size Chunks – The BI strategy must divide the work up into work units that can be executed and funded within the culture of your company.   If a typical project at your company is $500K, do not specify a series $10 Million projects.  They won’t get funded.   For BI projects, especially those that establish or change IT processes or data architecture, specify smaller projects that can either be attached to larger projects, can be easily funded as stand-alone IT projects, or can be accomplished within the IT/BI operating budget.

3.       Leverage What You Have – Unless there is a significant gap, rarely are BI delivery issues fixed by replacing current products.   Focus on process improvement and utilizing the tools in your toolbox first, and then address the gaps with new purchases.  It will be a lot easier getting funding for a new tool if you have proven your team can garner value from the tools that you have already purchased.

4.       Articulate a Clear Business-Value – The objectives /goals for completing a BI Strategy must be viewed by the business as creating value.   Consolidating of data structures, defining data modeling best practices, and integrating technical metadata may be noble objectives, but they are not objectives that a typical business executive will find provide value.  Objectives for a BI Strategy must address business pain points, system performance, business enablement, time to value, and/or expansion of analytical capabilities to new business process areas.  By creating objectives with a clear business value, the business will be more likely to continue support /funding BI investments.

5.       Avoid the Miracle First Year – During the development of BI Strategy, there will be a large number of “immediate needs”.   These “immediate needs” cannot all be done all at the same time.  However, many BI Strategies tend to front-load the BI work into the first year of the roadmap.  This creates what I call the Miracle First Year, where the majority of the roadmap is planned to be completed in year one.  This is not realistic.   After the euphoria of having a BI Strategy completed wears off, the pace of business-as-usual sets in again.  The roadmap must realize how fast an organization can implement a BI strategy and specify a plan with this reality in mind.  Otherwise the BI Strategy will set un-reasonable expectations; thus, undermining the credibility of the BI Strategy and BI program itself.

 

Jim Miller

Mr. Miller is an IBM certified and accomplished Senior Project Leader and Application/System Architect-Developer with over 30 years of extensive applications and system design and development experience. His current role is National FPM Practice Leader. His experience includes BI, Web architecture & design, systems analysis, GUI design and testing, Database modeling and systems analysis, design, and development of Client/Server, Web and Mainframe applications and systems utilizing: Applix TM1 (including TM1 rules, TI, TM1Web and Planning Manager), dynaSight - ArcPlan, ASP, DHTML, XML, IIS, MS Visual Basic and VBA, Visual Studio, PERL, Websuite, MS SQL Server, ORACLE, SYBASE SQL Server, etc. His Responsibilities have included all aspects of Windows and SQL solution development and design including: analysis; GUI (and Web site) design; data modeling; table, screen/form and script development; SQL (and remote stored procedures and triggers) development and testing; test preparation and management and training of programming staff. Other experience includes development of ETL infrastructure such as data transfer automation between mainframe (DB2, Lawson, Great Plains, etc.) systems and client/server SQL server and Web based applications and integration of enterprise applications and data sources. In addition, Mr. Miller has acted as Internet Applications Development Manager responsible for the design, development, QA and delivery of multiple Web Sites including online trading applications, warehouse process control and scheduling systems and administrative and control applications. Mr. Miller also was responsible for the design, development and administration of a Web based financial reporting system for a 450 million dollar organization, reporting directly to the CFO and his executive team. Mr. Miller has also been responsible for managing and directing multiple resources in various management roles including project and team leader, lead developer and applications development director. Specialties Include: Cognos/TM1 Design and Development, Cognos Planning, IBM SPSS and Modeler, OLAP, Visual Basic, SQL Server, Forecasting and Planning; International Application Development, Business Intelligence, Project Development. IBM Certified Developer - Cognos TM1 (perfect score 100% on exam) IBM Certified Business Analyst - Cognos TM1

More from this Author

Follow Us
TwitterLinkedinFacebookYoutubeInstagram