Companies have a potential to save $3.39 billion annually on BI investments alone.
i.e. this is
- Can accomplish an Appolo moon launch in 7 years
- Can build 3 tallest buildings in the world at Dubai costing
- Can build the eitire Dubai downtown in 6 years
- Can launch 3 dreamliners size new projects in aerospace technology
And we do this every year and will continue to do this for the following years if we dont stop and listen...
1966 total cost of the Appolo mission = $24 billion. This represents the largest commitment of resources made by any nation during peace time for peaceful purposes.
2009: total cost of building the Boeing dreamliner US$ 1billionReference 3
2010: total cost of building the worlds tallest building, Burj Dubai, UAE $1.0 billion.
For the entire Dubai downtown US$ 20 billion
Basis of above statements:
Global DW Costs2008: total spend on BI = $8.8 billion (Source Gartner June 2010)
total spend on BI Implementation = $7.54 billion (source SAP, teched, 1:7 ratio)
total spend on BI SW = $1.26 billion (1:7 ratio)
2006: only 52 % of ERP projects achieve success at go live (source ASUG Benchmark)
40% of IT projects fail at $ (source Gartner)
Average failure rate = 45% (random computation of above)
45% of $7.54 billion computes to a cool $3.39 billion.
Kicker: It costs 4 times more to fix a BI issues than it does the first time around.
Our tactical saving is $3.39 billion, the strategic saving might be $13.5 billion. That is how much it will cost you to fix these $3.39 billion errors (1:4)
when did you last check your BI expenses, i.e. your initial investments v/s total fixing spend.
Not from a financial Cost and resource allocation... but from a 'Business Value Attainment' view