Justifying the spend on Business Intelligence

I saw this article distiributed by the The Daily Telegraph in the UK (all credit goes to them) on December 13 and thought it was a worthwhile read...

With all that IT spend out there how do you justify the additional costs for a new BI solution?(and they can be quite large)

The overarching benefit any BI project will bring to your organisation is that it empowers users to be more efficient, it provides them more and better information --- all of this should translate to overall corporate improvement!

Overall improvements come in the form of:

• Grow sales and boost profits
• Improve customer retention and satisfaction
• Empower business people to make better, faster decisions
• Help in compliance with regulations and legislation
• Share knowledge and reduce brain drain
• Get promoted!

I agree wiht all of these business benefits and see these types of benefits continually told to me by all my clients (maybe the promoted one not so much!)

There are so many good reasons to do a BI project and these projects have proven to be so empowering and enlightening --- SO GET OUT THERE AND GET ON BOARD --- YOUR COMPETITORS ARE!!!