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More than three-quarters of business intelligence projects take more than a year to produce meaningful results. And nearly two-thirds of companies who have installed business intelligence systems have done such a poor job they get regular complaints from business users.
That's according to a new survey from Kognitio, which found that, in many cases, BI's reputation as a catalyst in IT disasters has been well merited.
"I've seen surveys that suggest 60 percent of BI projects fail," said Kognitio's CEO Roger Llewellyn. "This survey validates what we thought. BI is a high risk business. We're trying to remodel how people plan BI and bring down to project level."
According to the survey, 78 percent of respondents said that it took over a year to see meaningful results, often making the data out of date by the time it has been received.
The survey also revealed a staggering gap between the business and IT. According to the survey, 88 percent of enterprises admitted that business departments did not properly define what they want to achieve from an implementation, the assumption being that the project scope would be defined by the IT department.
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