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Wednesday, May 8, 2019

Intuilize vs. The Real Cost Of A BI Solution

Mid-sized industrial distributors rely on competitive advantages and business intelligence (BI) to improve decision-making, cut costs and drive strategic growth objectives. That being said, there are many hidden costs to consider related to managing proprietary BI systems that threaten to erode the value that BI has to offer. In a 2017 survey conducted by Gartner, the total cost of ownership (TCO) contains all costs including licensing, implementation, ongoing development costs, and infrastructure costs. For mid-sized businesses the average annual cost of BI is a minimum of $427,000.

Steps to BI Deployment
Total cost of ownership of enterprise-wide BI system deployment is sometimes miscalculated using only the cost of licenses. Successful deployment requires cost preparation across four main steps:
  • Step 1 Development: On average, development of enterprise software costs $80,000 - $1,000,000 based on the complexity of the solution.
  • Step 2 Implementation: Research indicates implementation can cost companies $200,000 - $500,000 with variances depending on project specifications.
  • Step 3 Deployment: At the deployment stage, executives must ensure a company-wide roll out. This means investing in the technology required for everyone to be able to access the platform in IT as well as training. According to Birst, most deployments take 360 - 1,120 man-hours to complete, which for most companies could conservatively range from $10,000 - $60,000 in cost allocations.
  • Step 4 Maintenance: More than half of the costs incurred are directly related to staffing needed to deploy and maintain a proprietary platform.
Although implementing a proprietary, home-grown platform can bring some benefits for businesses, the high cost, stiff learning curve, and long lead time associated with the development and maintenance can create a situation where managed services may be the better route to take. That is where Intuilize, a Predictive Analytics platform, can help mid-size industrial distributors reduce the cost of development, implementation and maintenance that tradition BI system require.

To learn more, visit the Intuilize website.

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