Business intelligence implementation: key steps, team, and tech options
Business intelligence implementation is setting up practices and technologies to collect, aggregate, and analyze business information. Itransition delivers effective BI solutions to help companies make data-driven business decisions, improve operational efficiency, and drive more revenue.
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Common composition of a business intelligence implementation team
Business solution consultant
- Identifies new ways to increase efficiency and optimize business processes through improvement or automation
- Recommends business process changes based on industry best practices
- Creates a strategic vision for the company’s technological needs, including hardware, software, security practices, and data storage solutions
- Creates training materials for employees
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Business intelligence implementation costs
The cost of implementing a full-scale BI solution depends on multiple factors, including:
- The data you want to analyze – a number of data sources, data volume, data structure and format, data quality
- Complexity of data analysis – the need for real-time analysis, self-service analytics and ML capabilities, the number of analytics users and their roles
- Complexity of data visualization and reporting – NLP support, number of custom reports/dashboards, self-service capabilities
- Data security and compliance requirements
- BI software costs
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