The Case for Buying a Business Analytics Package

Business intelligence (BI) software originally emerged in response to the need for organizations to access accurate and timely information to support informed business decisions.

However, today’s BI market has become a bewildering array of tools and platforms so businesses increasingly turn to their internal IT departments to develop their own BI solutions.

While BI software – tools, platforms, and applications alike – holds great potential for helping organizations readily access the enterprise information needed to make informed business decisions, the reality of developing such a system in-house is extremely challenging.

The Three E’s of Developing an in-house Business Intelligence Platform:

• Effort - the daunting task of developing an in-house Business Intelligence application
• Expertise – the technical expertise necessary to build it
• Experience – knowing how long it will take, how much it will cost, how to manage the project and what to expect in return.