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Standardized techniques ”in reach” for valuing BI

by | Nov 10, 2008

One business intelligence (BI) expert predicts that unified means of assessing the performance of a system may soon be within reach.

Writing for Business Intelligence – A Practitioner”s View, Karthikeyan Sankaran explains that valuing different data assets has historically been seen by many individuals to be difficult.

But using "outside-in" analysis, the author suggests that the value of a BI system may be identified in terms of its usefulness to its users.

In order to assess the system”s value, the expert explains that three criteria must be considered – recency, frequency and monetary worth.

These are calculated for each user in terms of the profit they derive from the system – which could include using it for document conversion or to convert images as part of a sales process or ongoing contract.

After working out the individual worth of the system, profitability is summed across the whole enterprise to determine who is most frequently deriving the greatest return on investment from the firm”s infrastructure.

Muneeswara C Pandian previously wrote for the blog of the importance of identifying any gaps in the services provided in a new version of software used within the BI system.

The removal of functionality – such as the capability to convert images or document conversion – could leave business processes impaired after upgrading to a newer version of a critical component.ADNFCR-1861-ID-18868075-ADNFCR