Can business intelligence (BI) solutions, software that helps organizations mine and analyze big data and small, help your company improve its bottom line? To find out, CIO.com asked dozens of BI experts and IT executives. Here are their eight top suggestions regarding how you can get a positive return on your BI software investment.
1. Get fast answers to critical business questions. “Business intelligence provides data at the moment of value to a company,” says Jason Cook, chief architect & CTO, U.S. & Canada and Consumer Packaged Goods, BT Global Services. “With a [BI solution] in place, companies can extract crucial facts from a large amount of data at a rapid speed.”
“With quick access to your internal data, you can more efficiently use your time to analyze internal information and make decisions,” says Ryan Mulholland, president, Connotate, a provider of Web data monitoring and extraction solutions. For example, “as