- People can make different conclusions from the same data
The analytics provided by BI applications is just an analysis and does not say what to do with these data. This is not a minus of the system, in fact. However, during implementation, one must understand that different people will look at the same data and see two different results and different ways of applying it. So meetings will be still necessary. Or to introduce a dictatorship.
Business intelligence may require employees to use personal devices to access information. Data that can be collected within the framework of such “contact” can be considered confidential.
BI is a program. Like any other system, it must be secure. Developers for their side provide the greatest possible protection. However, if the system is connected to the Internet, then proactive data protection is a matter that clearly requires consideration. Plus, the human factor still has not been canceled.
Even with full transparency of the cost of the software itself, companies can face the costs of data management.
- The era of business intelligence dictates new rules
Data standards around the world are being set right now. For example, the rules of dealing with data the GDPR (General Data Protection Regulation). Legal and regulatory sanctions are constantly changing, and the technologies for them are being adjusted. And vice versa. A vicious circle, and one must keep track of the news.
- Accessibility can also be a problem (more precisely, its absence)
Today, business intelligence is available for most companies, but not all industries are ready to provide the necessary amount of data for work. Some of them are just beginning to understand what BI can offer them.
There are many variants of systems for business intelligence. Some of them can provide coverage of a particular work segment. To get the most out of information, you may need to invest in a whole software package to ensure the most effective BI solution.