Are you concerned that your data warehousing and business intelligence effort could "lose steam" and grind to a halt? Remember that success is based on the 80/20 rule - 80% of success is based on people and process factors while only 20% of success is based on technology.
The most critical factors in the success of data and analytics are people and process oriented. To maintain the "political will" to keep the BI / DW initiative moving forward, be sure to:
Successful BI / DW initiatives are led through an on going governance process with buy in from top executives. The Return On Investment (ROI) from a winning program can be high (100 to over 1000%) and so earn executive support.
Disregarding or minimizing the importance of people and process is often at the heart of failed BI / DW efforts. Put people and process first to avoid these traps:
Failing Data and Analytics initiative often lose touch with the organization that they should be helping.
Technology is a necessary part of winning BI / DW projects. While technology by itself can not make the project a success, poorly chosen or utilized technology can be a killer. Use technology appropriately by:
The need for technical resources often skyrockets for the successful BI / DW effort. More and more people access the system, increasing the need for processing power. Also, the amount of data storage needed increases as further detail is captured.
Improper technology or an over emphasis on technology can drag down the BI / DW system. Avoid these traps:
The winning Business Intelligence / Data Warehousing effort focuses on the highest priority areas (people and process) while doing a good job with technology. Making the right moves while avoiding the bad plays should lead to victory.
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