Almost every day I hear of cases where Business Intelligence (BI) initiatives in companies are achieving tremendous results (3,623% ROI in 1 case) or are dismal failures and are wasting money. In my experience, there are two very key elements which are present in every successful BI project, and without them the initiatives are almost guaranteed to underwhelm.
In last month’s newsletter I described the first of two major factors which have a major impact on the success or failure of Business Intelligence initiatives – having the correct metrics. And to paraphrase Mark Twain – The difference between almost the right metric and the right metric is the difference between the lightning bug and lightning. This month’s article focuses on the second of the two success factors – Executive Sponsorship. Read more