HP recently teamed with TDWI (The Data Warehousing Institute) and author David Loshin to sponsor a TDWI Checklist, “Strategic Planning for Big Data Management.” In this Checklist, you’ll find seven tips on developing a business intelligence strategy that addresses today’s Big Data challenges and opportunities while providing flexibility for new technologies, future Big Data scenarios, and changing business needs. Tips include:
- Understand the business requirements for business intelligence and analytics
- Map innovative technology to existing business objectives while remaining agile for the future
- Oversee innovative technology within the framework of data and project governance
- Proactively manage a strategic information vision and plan
When we decided to sponsor a TDWI Checklist, it was important to us that it be focused on this topic because our research has shown repeatedly that organizations are skipping or short-changing the critical step of developing a business intelligence strategy. Only 50 percent of respondents claim to have one (source: HP and Coleman Parkes, October 2011). Meanwhile, only 32 percent of organizations claim to have BI solutions that meet current business needs (source: HP and Dimensional Research, November 2011). We think there’s a connection.
As organizations rush to take advantage of the vast amounts of data available today and the new technologies that allow us to manage and exploit this data in real-time, they need to step back and do it right, or BI will continue to miss the mark on business results. Consider the longer term implications of today’s decisions and investments. Take a look at this Checklist to understand how an information management strategy can “anticipate the possibility of change.” David Loshin sums it up well in his afterword:
“The items in this checklist are meant to help ground the strategic information management plan with a foundation that addresses the motivating factors, yet ensures that the business is engaged, makes certain business partners understand and agree with the value proposition, and allows for scalability for new methods in the context of an existing BI and analytics plan devised with corporate vision and strategy in mind.”
What do you think about the tips in this Checklist? Do you have any to add? Submit your comments below.