Refine
As a Company evolves and its strategy changes so must the elements of the
BI initiative in particular the Key
Performance Indicators (KPIs). A formal review of
KPIs and metrics and
supporting process should be regularly undertaken. Often
KPIs will be demoted to metrics,
and new KPIs designed to reflect the new direction and competitive focus of the
organisation, this may typically occur through acquisitions and divestiture and
new product launches.
You will need to monitor data inaccuracy and your display mechanisms may need
refining as time moves on. As the organisation is driven forward new tools may
need to be introduced such as
Data Mining and Forecasting;
and so you move back into the Design phase in order that you may begin the
BI Cycle agian.
The cycle goes on allowing you to support a truly sustainable BI initiative
giving your organisation continued competitive advantage whilst increasing ROI.
To find out more about the Business Intelligence Cycle and how it can benefit
you, call Altimus and speak to one of our experts, or contact us using the
Information Request link.