In a competitive business landscape, companies must leverage all available opportunities to gain more insight into organizational data and make stronger and more informed business decisions. To effectively harness the power of information, more companies are turning to business intelligence (BI) platforms to convert raw data into actionable information.
In order to design and implement a thorough BI platform, organizations must have three key areas of focus:
- Data foundation encompasses the integration of data from multiple, disparate sources into a trusted, understandable form for use in reporting and analytics.
- Reporting, analytics and information delivery encompasses the ability for end users to efficiently consume integrated data in an efficient manner for proactive decision-making, creating a competitive advantage and driving organizational excellence.
- Strategy and data management encompasses proactively defining and managing data as an enterprise asset.
RSM has developed a three-part series to further illustrate and analyze each of these key BI areas in the guide below.