When an enterprise adopts a new technology, ROI typically shoots up and then declines over time. However, "The More Pervasive The Use of Business Analytics, the Better the ROI" tells us something different in regards to business intelligence software.
Research from Nucleus Research Park, in “The Stages of an Analytic Enterprise,” shows enterprises obtain an average ROI of 188 percent in the initial automation phase and an average of 1,209 percent in the later predictive phase.
The article discusses the views of Principal analyst at Nucleus Research Park Hyoun what an organization looks like that has tapped into business intelligence:
Employees’ work practices change as they increasingly embrace analytics as a way to make better decisions and incorporate more data into their analyses. Decision-making improves as analytics is embedded into more processes and enables employees to base their conclusions on data rather than intuition, Park added. Data management also changes as organizations acquire the capabilities to build assets such as data cubes and access a growing variety and volume of structured and unstructured data sources.
ROI through business intelligence can only reach its full capacity with the proper enterprise infrastructure in place. We recommend checking out solutions from PolySpot, as they have always had their eyes set on offering ROI in innovative ways.
Megan Feil, July 5, 2012