Business Intelligence (bi): Answering The Buy Vs. Build Question

By Author: ElegantJ BI
Total Articles: 3
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True BI is mandatory for every enterprise. By gathering, analyzing and using business intelligence and BI software, you can enhance productivity and customer satisfaction, and quickly adapt to market, customer and competitive changes. To accomplish operational business intelligence you must establish objective metrics and key performance indicators (KPIs), and monitor results. If it is to be a useful tool, a business intelligence solution must meet your requirements and that factor often results in the buy vs. build argument. If your enterprise is considering BI, you will hear arguments on both sides.

Build
1. We can control development, deployment, and features
2. We do this work every day and no data management, business intelligence forecasting tool or BI tool will meet our requirements
3. Our IT team knows our needs better than any business intelligence consulting firm
4. Our BI and analytical needs are unique and we’ll never find a business intelligence suite to suit these specific needs.
5. A packaged BI solution implementation is expensive and time consuming

Buy
1. ...
... Flexible, affordable BI packaged solutions can be deployed quickly to all users
2. Investment in development, testing, upgrade and support is made by the BI vendor, not the enterprise
3. In-house IT can focus on critical tasks that better fit their skill set
4. The enterprise can focus on core competencies
5. Analysts, reporting experts, managers and users can easily leverage BI
6. ROI is swift and more easily calculated
7. BI vendors provide skills and experience based on BI domain knowledge
8. Enterprise system integration is easily achieved, so BI data is complete and accurate
9. You can reduce risk by using a proven BI product

The Buy vs. Build decision comes down to this:
1. Is development and maintenance of software a core competency of the enterprise?
2. Can the enterprise support an ongoing cycle of development, upgrade, maintenance and support?
3. Can you afford the time and expense to develop a BI solution that is stable, and appropriate for all users?
4. Do you understand the investment and time involved in building a BI solution?

If you decide to buy a Business Intelligence Suite, you should include these considerations in your vendor review:
1. Cutting-edge BI features and functionality
2. Intuitive usability
3. Simple, browser-based BI implementation
4. Easy integration with enterprise systems
5. Affordable products
6. Dependable support
7. Excellent customer satisfaction
8. Ability to help define requirements, and manage BI implementation
9. Flexible, proven products that are upgraded to incorporate new features and functionality
10.Option to extend or customize BI solution to meet requirements

When all requirements and factors are considered, you can make a confident decision and choose the right BI solution to achieve business results and ensure continued success and market growth.

Looking for the best option to improve and grow your business, and buy or build the Business Intelligence Software!. Contact ElegantJ BI today and get the benefits of the utlimate BI solution for your organization.