At last year’s Gartner Business Intelligence and Analytics Summit, the failure rate of BI and analytics projects was estimated at 70 percent-plus worldwide. While disconcerting, sadly this is nothing new and represents a failure rate that has been relatively consistent for the last 20 years.
While tools continue to increase in sophistication and storage and computing capacities race to stay ahead of the seemingly infallible Moore's Law, more than two out of three information-related projects fail to generate the expected business ROI and outcomes. So what's going on here?
There are many factors in any project, but the concept of a “data first” strategy mitigates many of the issues at play, including failing to properly account for and incorporate the activities required to properly assess, improve and sustain data quality in order to deliver expected business benefits . . .
Read the full article here: A "Data First" Approach, in 3 Phases