Evaluating A Business Intelligence Solution. Feasibility Analysis Based On Monte Carlo Method
Business Intelligence (BI) initiatives are challenging tasks, implying significant costs in their implementation. Therefore, organizations have adopted prudent policies requiring a financial justification. A business-driven methodology is recommended in any BI project initiative, project scoping and planning being vital for the project success. A business-driven approach of a BI project implementation starts with a feasibility study. The decision-making process for large projects is very complicated, and will not be subject of this paper. Having in mind a middle-sized BI project, a feasibility study based on the Monte Carlo simulation method will be conducted. A SaaS BI initiative versus a traditional one will be taken into consideration.
|Date of creation:||18 Nov 2012|
|Date of revision:||28 May 2013|
|Publication status:||Published in ECECSR Journal 2/2013 (2013): pp. 85-102|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Eduard EDELHAUSER, 2011. "IT&C Impact on the Romanian Business and Organizations. The Enterprise Resource Planning and Business Intelligence Methods Influence on Managerâ€™s Decision: A Case Study," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 15(2), pages 16-28.
- Muntean, Mihaela & Cabau, Liviu Gabriel, 2011. "Business Intelligence Approach In A Business Performance Context," MPRA Paper 29914, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:48478. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.