Register for tomorrow's webinar: Sisense and Mashey discuss how to build a BI business case for 2017
CompletedHi all,
Tomorrow, December 8 at 11:00 am EST, we will be holding a practical guide webinar on how to build your BI business case for 2017.
Embarking on a BI initiative requires an investment of time and resources. You’ll need to construct a solid business case, defend your budget request, and prove the value BI can bring to your organization.
- Why organizations need to invest in BI to begin with
- How are organization deriving value from BI
- How to build an internal business case for investing in BI
- What are the intricacies of how to build a budget
- How to drive your company to a purchasing decision
- How to start realizing value from BI now
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How we practically build a business case?
Live now on our webinar: A Practical Guide: Building your BI Business Case for 2017
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One questions that came up and was unanswered was,
How do identify the level of efficiency in 'time-to-decision' when building a case for a BI tool against a generic dashboard built using a visualization tool?
Consider this example. I was once in a position (without BI yet) and the CEO asked me a specific question about how shipping costs were down even though sales were up. It took about 6 hours for me to gather and mine the data to answer this question completely. (The data was messy and each sub-question I had required building another query.) After I finished implementing a BI solution, I could answer the same question with even more context in 5 minutes of less. In this case, my time of 6 hours comes at a baseline cost of (Yearly salary * 1.4 / 2080 hrs per year = fully burdened employee cost per hour * 6hrs = cost to answer the question). Now we can answer it in 15 minutes which is 4% of the cost to answer the questions without BI.
This is one example of how you could consider the efficiency in 'time-to-decision'. One other thing to think about is the cost of missed opportunities because of not being able to react quickly enough. -
Philip, thank you so much for sharing this example.
For those who missed this webinar, a recording is available on demand here: A Practical Guide: Building Business Case for 2017.
If you have any questions or want to share with us your experience building a BI business case, feel free to comment below.
-Oxana
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