Companies know that access to fast, trusted and reliable data is the key not only to differentiation but also to keep up the pace with the competition. Yet, BI adoption rate has been stuck on 22% for years. This means almost 80% of companies’ investment in BI is being thrown away. There are several factors contributing to such low adoption rates. Can you relate with any of these?
There are businesses that have been managed in the exact same way for more than 20 years, where decision making is done based on personal experience and intuition. However, there are executives using analytical tools embedded in business APPs without even recognising what they are doing.
The initiative in the adoption of analytics requires a whole new way of thinking, which is a challenge many run from.
Human nature will always tend towards the easiest option, the problem here, is that individuals are unware BI and Analytical tools are exactly that.
Implementing self-service BI tools is only a small portion of the overall battler in becoming a data driven organisation. The real trouble usually comes in getting workers to actually use the software.People have an incredible inertia, and possibly when left alone they turn back to the previous method used in analysing data, without taking advantage of the new tools.
There is only so much an IT department or BI manager can do to get lines of business to use it, yet, providing the necessary training and support for everyone to be able to work with this tool is crucial.
The information Silos
A BI strategy implementation usually means ‘information democracy’ or information for everybody. However, often some selected individuals within the company have control of sensitive information and whom has access to it, excluding several individuals or even departments.
This mind-set makes it hard to adopt new BI tools, and must be addressed beforehand otherwise those with the ‘power’ will fight and refuse to use BI.
The Shelf-Ware BI tool
BI tools are often acquired only to be found later on the shelf, as it is not used or accepted across the enterprise. A strategy must be established before bringing any type of new process or technology into the company.
Plus, choosing the right BI Analytics tool can mean the difference between the software becoming an integral part of a business activity or being declared a failure.
Fully embracing a BI tool can mean the difference between the full payoff of your data analytics and returns that are just so-so. Download our EBook “Eight Tips to become a Data Driven Company” and learn how to avoid these pitfalls.