THE BENEFITS OF STANDARDIZATION FOR BUSINESS INTELLIGENCE TOOLS

Zdraveski, Dejan and Janeska, Margarita and Taleska, Suzana (2013) THE BENEFITS OF STANDARDIZATION FOR BUSINESS INTELLIGENCE TOOLS. In: International conference on applied internet and information technologies, Zrenjanin, 2013, October 2013, Zrenjanin, R. Serbia.

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Abstract

Implementation of standards for business intelligence in the company can result in significant cost savings, greater control over information, and better alignment with business users. All this, leads to increased competitive advantage of company by exploiting the benefits of the implementation of business intelligence systems. But the implementation of standards for business intelligence requires pragmatic phased approach, that takes into account the organizational structure of the companies and business value of existing applications for business intelligence. Sometimes standardization is seen from a negative aspect, because people think it means using only one tool and the exclusion of all others. Other terms that can be used for the standardization of business intelligence software is rationalization of business intelligence, business intelligence consolidation, but no matter which term is used in the end you get the same benefits. According to Forrester over 2000 global companies use between five and fifteen reporting and analysis tools. The purpose of standardization of business intelligence is to reduce the number of these tools and to build a portfolio of software tools for business intelligence that will overlap as little as possible. Gartner estimates that companies that provide resistance to standardization of business intelligence will be able to strategically deploy them and make 50% more cost for each additional tool (with a probability of 0.8).

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 21 Jun 2016 06:25
Last Modified: 21 Jun 2016 06:25
URI: http://eprints.uklo.edu.mk/id/eprint/112

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