In BI if you need speed, you mostly need to slow down.
In BI there is an inverse relationship to design and
deployment and BI performance. The difference is a stakeholder decision of
deploying BI projects in the shortest time versus doing it the right way but
slower. At the end of the day query speeds are directly proportional to
Decision speeds and inversely proportional to data volume, to a very large
degree. The information gap is constant
and significant regardless of region, industry, company size or strategic
goals. It is ironical that organizations fearful of losing their competitive
edge spend more time figuring how they could deploy their BI in the shortest
time and in the lowest cost. Only to end up with a bigger mess than when they
started. Most of these leaders are powerful people who end up lying to
themselves so they once again lower their costs and timelines and find another
sucker to find the diamonds in the rough. The path is an endless downward
spiral into a dark well.
Paradoxically, all they have to do is try slowing down
instead. In our study of 64 companies the companies that undertook executive
protocol and a go, go, go attitude to BI initiatives ended with lower success
and fell flat into the Gartner prediction of 50% success or lower.
Interestingly the companies that ‘slowed down to speed up’ maintained their BI
project scores in the upper 80’s and in one case even scored 102%. This is
almost 80% to 100% higher than average.
How did they defy the laws of Gartner predictions, by installing
scientific principles of BI Standards and processes and doing things slower by
planning their alternatives better. Most
BI Stakeholders confuse BI design and development speed with strategic speed, by viewing BI under the traditional ‘reduce time
to deliver value by producing more units’ approach. Unfortunately the two areas
are quite different and their process divergent.
In our research highest performing companies aligned their
BI strategy to their business goals and commenced with a document ‘rules and
regulations’ as their global BI methodology. These companies were more open to
co-innovation between business and IT, the exchange of ideas and the creation
of Gartner defined COE’s. These companies met and exceeded business
expectations constantly. At all major
decision they allowed time to reflect and learn as they viewed alternatives
with their strengths and weaknesses.
By contrast performance and financial investments suffered
on companies that moved fast on into build phase without reviewing standards,
processes and guidelines focused more on time, scope and finances and mostly
met all these goals – but failed miserably in performance and meeting business
expectations.
Ultimately strategic speed is a function of
leadership. Leaders that take protocol decision in areas of low familiarity,
i.e. a CFO taking a BI deployment process decision, are followed by PMO’s that
are forced to toe the line and a resulting waterfall effect of failure options.
Teams
that become comfortable with IT and business co-innovation, take time to
establish a global methodology and conduct frequent reviews and recommendations,
rather than simply plowing ahead full force, are consistently more successful
in meeting their business objectives. This kind of support and assurance must start from the top.
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