Many organizations are characterized by silos of data and applications as well as differing tools, data definitions, algorithms and transformations, often resulting in inconsistent and inefficient information when making critical business decisions across the enterprise. Companies must develop a comprehensive plan for centralized management of their BI architecture that addresses people, processes and organizational culture as well as tools and technologies.
A Business Intelligence Competency Center (BICC) addresses the business, organization and IT requirements associated with maximizing a company's investment in Business Intelligence and optimizing its competitive advantage. As a permanent, formal, centralized team of business and IT representatives, the BICC reduces redundancy and increases the effectiveness of BI initiatives, ensuring that information and best practices are communicated and shared throughout the organization. Among the many benefits that may be realized by a successful BICC are:
• Increased use of BI throughout the organization
• Improved use of resources accompanied by reduced costs
• Increased credibility and confidence in enterprise information
• More effective decision making
SON Systems expert consultants, with their vast experience delivering successful data warehousing and business intelligence solutions are ideally suited to providing assistance meeting one of the most critical goals of a BICC: the ability to provide accurate, defined and structured access to integrated corporate data - a single version of the truth.
Similarly, the iterative approach of our CORE Methodology is a perfect fit for a BICC implementation, as seen in the sequence of steps followed in a typical SON Systems engagement:
• Define the objectives of the BICC initiative
• Formulate a strategy and have a plan to address shortcomings identified in a gap analysis with respect to business processes, standards, information, resources, applications and technology
• Define an analytic architecture based on the use of common requirements, data definitions and semantics
• Develop a migration plan detailing how to incrementally get from the current state to the future state, with a target of three to six months for the first deliverable, and no longer than quarterly deliverables for subsequent releases.