Here’s Why Many Business Analytics Projects Will Fail: Gartner
A recent Gartner report spotlights several industry trends that can hinder the success of business intelligence initiatives. Solution providers with business analytics practices should take note.
Points Of Failure
The Gartner report identified these developments in the business analytics world that, unless addressed, could prove troublesome for business intelligence initiatives:
- Growing vendor interest in selling specific analytical capabilities risks producing fragmented, narrowly focused analytics end-user initiatives driven by tactical opportunities rather than a broad-based optimal strategy.
- The Internet of Things requires different skills from those needed for traditional business analytics projects. Failure to establish a strategy for acquiring IoT skills will prevent organizations from using IoT data or to create the next generation of smart devices.
- Attempts to substitute technology for training by providing “easy-to-use” or “intuitive” business analysis tools for business users to allow them to do their own analysis will not deliver business benefits.
- While analytics governance becomes increasingly important, it cannot be separated from data governance.