What is BI OR ANALYTICS Maturity?
BI or analytics maturity can be described as the evolution of an organization to integrate, manage, and leverage all relevant internal and external data sources into key decision points, as defined by TDWI. It means creating an ecosystem that enables insight and action. In other words, BI maturity is not simply about having some technology in place; it involves technologies, resources, data management, governance, and organizational components. It can take several years to fully develop an organization-wide, data-driven culture.
SME breaks down BI Maturity into the following five stages:
Lacking & Unaware, characterized by minimal awareness of business potential of information; data managed in spreadsheet and Access silos; Ad-hoc report requests.
Basic & Reactive, characterized by the lack of a strategy or budget to support a BI program, or data-driven insights; challenges with data quality; undocumented requirements.
Established & Proactive, characterized by actively developing cross-organizational strategy; Business Executives becoming BI champions; collaboration across department; beginning to adopt governance standards.
Mature & Insightful, characterized by having a vision adopted with significant impact on all aspects of business; Data literate business users; Advanced, predictive analytics throughout organization.
Optimized & Automated, characterized by information being optimized and exploited as a strategic asset across the entire organizations and data-driven decisions are frequent and well trusted; Analytics are prescripted and augmented with AI and machine learning.
How is a BI Maturity Assessment Beneficial?
Often, business users assume BI is synonymous with a dashboard full of pretty data visualizations. But it can be so much more than that. BI is about understanding what is really happening in your business, based on the data available. To truly know what is happening in your business, you need to understand your data and how to make it actionable. This is where a BI Assessment comes into play, it can help you understand where your organizational BI program needs the most attention.
What is the purpose of a BI Maturity Assessment?
SME's BI Maturity Assessment was designed to help you ask the right questions. Our assessments allow you to take a reflective look at the success of your BI program. Asking those right questions helps you determine what is the business need for BI, the ability of business processes and operational systems to support BI, the level of progress of current BI initiatives, future BI plans, and outlines the appropriate steps needed to make BI work. Your responses to these questions will show you what stage your company is in when it comes to BI Maturity.