4 Things to Consider When Building a New BI Solution

Hands on a notepad and coffee cup in front of a laptop and smart phone.

Whether you’re a new business, a business new to Business Intelligence software or a business looking to upgrade its current system, there are a lot of options available these days. That’s because more and more businesses have begun to recognize the benefits of these softwares and services. But with so many options to choose from, how do you know what’s right for your business?

Here are four important things to consider when designing a Business Intelligence solution for your business:

Capability

The most important thing to consider with any Business Intelligence solution is what it can actually do for your business. What can this software or solution show you? What kind of data can it track and what kind of reports can it create for you? You should also factor in what your business actually needs. After all, you’ll be paying for all of the included features—whether you use them or not.

Scalability

A good Business Intelligence solution will help your business grow. And that growth will mean more data. It could mean more customers, more SKUs, a larger staff. And the last thing you’ll want to do when that happens is to completely uproot your Business Intelligence solution because you’ve out grown it. So make sure whatever you pick is ready to grow with you.

Stability

These days, the majority of software is Cloud-based. And that’s a good thing. Cloud-based software is scalable, easy to set-up, and eliminates the costs and resource drain associated with maintaining in-house servers. However, software being Cloud-based also means that if the SaaS company you’re leasing from goes belly up, the lights go out. So make sure the solution you choose has its feet firmly on the ground. Look for SaaS companies with some years behind them and a robust portfolio of work or client list.

Configuration / Support

In order to really benefit from your Business Intelligence solution, you’ll need to ensure that it is set up properly. You’ll be using this data to make important decisions, after all. A good Business Intelligence consulting firm can help you really understand the capabilities of your new solution as well as ensure that you’re getting the most out of it.

You’ll also want to make sure that you know who to contact and what to expect if something goes wrong with your Business Intelligence solution. If it becomes a big part of your business, you won’t want to have to wait weeks to get support. So make sure you find a Business Intelligence consulting company or SaaS company that really stands by their products.

Still have questions?  Want more information?  Check out Anyon Consulting’s Business Intelligence Infrastructure Implementation page or contact us today to learn more about getting the most out of your data. 

Scroll to top