A major cultural and technological shift is needed at many UK firms to take
full advantage of the capabilities of business intelligence (BI) reporting
systems, according to a new report from analyst firm Butler Group.
The Butler Group's report, Business Intelligence – A Strategic Approach to
Extending and Standardising the Use of BI, says firms need to develop a more
standardised BI strategy. It says that currently many are deploying different BI
systems for different projects, resulting in higher support and integration
costs.
The group's recommendations echo those made earlier this year by leading BI
vendors including Business Objects, Cognos and Hyperion. "You would expect the
vendors to recommend standardised BI," said report author Andy Kellett of Butler
Group. "But in this case it makes sense. Too many organisations are paying out a
dozen times for different systems, which are inefficient to support." Kellett
added that firms are also slow to realise that reporting tools have improved and
can now be rolled out to support the decision-making of more staff.
In related news, BI specialist SAS Institute bolstered its tools for
marketing departments earlier this month by acquiring marketing resource
management specialist Veridiem.
Jason Goodwin, head of solution strategy at SAS, said Veridiem's technology
allows marketing professionals to model investments and optimise their mix of
marketing activities to get the best returns. "SAS's tool offers [this
functionality] for outbound contact marketing, but Veridiem extends our
capabilities to model advertising, promotions and other marketing activities,"
he added.
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