In the News | Apr 18, 2014
No single organizational initiative which warrants preparation, planning and strategy more than its decision to invest in a Business Intelligence (BI) Program. Here are 8 questions CEOs should ask before investing in BI.
1. What are typical budgets for a BI Program?
Organizational BI funding is allocated to Capital and Maintenance Budgets. According to a 2013 TDWI Benchmark Report,median capital budget in 2013 is $335,000, with 62% of organizations having capital budget funding of $500,000 or less. 81% reported capital BI budget compared to < 20% of the overall IT capital budget. Median maintenance budget in 2013 is $400,000, with 63% having a budget of $500,000 or less. 83% reported maintenance BI budget <20% of the overall IT maintenance budget. Figure 1.Read more »