Often organizations find it difficult and labor-intensive to execute a software selection process in order to gather all the necessary data. The in-depth and independent Business Intelligence (BI) Tools Survey 2018 is designed to help you perform the selection quickly and very efficiently. There are many more reasons to buy the survey.
Do you have a structured software selection process in place?
If there is no structured software selection process at all in your organization, you may find the information below, or the survey, very useful. Even if there is a corporate standard you need to comply with. Or even when you may have a database or reporting tools in place from a specific vendor, and you consider buying a BI tool from the same vendor because you expect that these will integrate better with each other. The Business Intelligence Tools Survey may confirm your companies standards or preferences, or it is also possible that it will reveal that your companies standard should be updated.
The steps for selecting the right BI platform:
1. Create a Business Intelligence strategy
Choosing and selecting a Business Intelligence tool is a process that begins with defining a Business Intelligence strategy, compliant with the overall business strategy and requirements. Without a proper Business Intelligence strategy, buying a Business Intelligence tool would be the same as buying a very nice and expensive car, which runs on a type of fuel which is not available in the country where you want to drive it!
2. Define criteria in business terms
Once the strategy is clear, you can define the business critical selection criteria, like ‘Our business people want to keep track of history’. In that case you need a Business Intelligence Tool that has standard support for slowly changing dimensions out-of-the-box.
Another example: one of the business strategies is to exchange more critical information with customers and vendors. You need a Business Intelligence tool that performs well with a huge number of users and has a robust infrastructure with load balancing and clustering. By doing so, we make a clear connection between the criteria and the business strategy, an essential factor for success.
All the major Business Intelligence tools in the Business Intelligence Tools Survey 2018 are compared against these criteria (a total of 197 criteria).
3. Create a shortlist
Once you have all the criteria in place, using the information in the Business Intelligence Tools Survey 2018, you’ll be able to decide which tools match your criteria. From there, you can create easily a shortlist of two or three solutions.
4. Invite vendors for a live demonstration
In this phase of the Business Intelligence selection process, you will invite the vendors on the shortlist for a live demonstration of their solution. We recommend that you prepare this meeting in detail with the vendor, to avoid demonstrations by PowerPoint. If possible, provide the vendors with some company data, so you can easily see the relevance of what is demonstrated and judge how well it functions.
5. Perform a proof-of-concept (PoC)
Doing a proof-of-concept (PoC) is essential for choosing a Business Intelligence tool that suits your organization. So you can test the solution in your own IT environment, and get an idea of the functionality, connectivity, usability and performance of each Business Intelligence tool.
Define beforehand what has to be done, what the results should be and what data should be used. Be sure that the data in your source systems is accessible. In general, a proof-of-concept can be done in three to five days. To keep negotiation options open, it is recommended that a PoC is performed with at least two vendors.
6. Negotiate with Business Intelligence vendors
7. Close the deal
Finally, you want to close the deal with the vendor that has the best support for your Business Intelligence strategy, and has the lowest costs. If you want help with the above, please feel free to contact us and ask us to help you with the software selection.
Choose between the different BI tools quickly with the Business Intelligence Tools Survey
The BI tools Survey gives you quickly true insight into both the strengths and weaknesses of the most popular Business Intelligence tools. It is 100% vendor neutral, and BI-vendors do not have to pay to be included. The survey compares the BI tools on 15 important categories and lists all their features. In addition the survey contains expert opinions, many tips and a comparison matrix.