Register for tomorrow's webinar: Sisense and Mashey discuss how to build a BI business case for 2017

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    Oxana Noa Umansky (Edited )

     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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    Philip Lima

    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.

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    Oxana Noa Umansky (Edited )

    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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