Organizations find themselves struggling with redundant reports, reports which aren’t useful to the business, and reports which don’t support business requirements.
We have identified 5 challenges that inhibit Business Intelligence(BI) from becoming actionable:
Self-serve v/s traditional – Which BI?
There are so many BI platforms available today that BI leaders often feel overwhelmed trying to choose the one that is right for their business. There are numerous challenges that come along with every reporting migration, including skill sets, speed, cost, & usability
Reports are not predictive
A BI solution that merely presents historical trends across multiple metrics and dimensions is very limited in scope, and it doesn't give business leaders the predictive information that can actually allow them to make intuitive and faster decisions.
Too many reports, too little insight
Organizations are often faced with this problem. The process of creating several reports over time often goes unnoticed, and as the process goes on, hundreds of reports are accumulated. These reports are generally redundant.
Data integration, quality & consistency
Even with many different data platforms, data silos, data quality, and data consistency remain the two most significant challenges in creating insightful, actionable data. The million-dollar question is how to break down data silos and build a reliable automated data integration system
Lack of Actionable Insights
Successful BI projects continue to struggle with a lack of actionable insights. Due to a lack of business alignment and domain expertise, most business intelligence leaders are left with phrases like "that's good to know, but can't help us". "Are you sure the data is accurate" are other words they hear from BI leaders.
Convergytics delivered Tableau reporting automation in record time and reduced reporting cost by 56% for a leading media company.