3 reasons business intelligence projects fail and how to avoid them

Any company that deals with high volumes of data understands the importance - and necessity - of business intelligence (BI) tools. They're valuable because they help retrieve, sort, analyze, query, and report data into one system, making the information more manageable.

Despite this, there's still some reluctance to adopting to BI software because of its high costs and the time it takes to operate. But there are ways to speed up the BI installation process.

Here are the three most common challenges to implementing BI systems, and how to fix them.

1. It's too time consuming to set up

Typically, implementing a BI solution requires installing additional software and hardware because the BI software didn't come with all of the features you wanted. Because there are so many required add-ons - hardware and software - this process can take months to get the software up and running.

To help, work with a BI company, like Sisense, that uses a single-stack tool. This unique feature takes users from data preparation to analysis and data visualization all in one platform, so there's no need to install additional hardware and software.

2. It requires training

Traditional BI tools require an entire department of specialists to analyze and prepare complex data in a particular format, which forces them to adopt a specific procedure. It also also requires specific training, certification, coding, and a strong grasp of SQL language.

Using a code-free platform that has built-in functions and automated data preparation eliminates the need for training and is easy to use for non-techies.

3. It has hidden costs

Many BI tools are loaded with hidden fees and costs that were not initially included in the original quote from the vendor. When you consider the installation fees, additional hardware and software costs, consulting fees, and production time, it can quickly end up costing millions of dollars.

This can be helped by working with a vendor that guarantees minimal total cost of ownership, and can accommodate your system's needs, rather than one that asks you to pay for their services before you can test the software.

Find out how Sisense can implement your BI solution in just three days.

This post is sponsored by Sisense.

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