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Getting Business Intelligence Right

 
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Magazines are filled these days with stories of business triumphs powered by business intelligence (BI). The good news is that you can believe the hype — BI almost always helps improve performance, and its capabilities are much greater than they were even a few years ago.

Getting the most out of your investment, however, is still hard work. A recent Chartered Global Management Accounting (CGMA) survey of financial professionals found that nine out of ten (87%) finance professionals surveyed said Big Data has the potential to change the way business is done.

For most, however, it remains more a dream than reality: 86% said their businesses are struggling to get valuable information from their data. What separates the best from the rest? One factor is that they share a well-reasoned BI strategy — an element companies are finding to be nearly as important as the technology itself for gaining the maximum value from their investment.