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
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- Muntean, Mihaela & Cabau, Liviu Gabriel, 2011. "Business Intelligence Approach In A Business Performance Context," MPRA Paper 29914, University Library of Munich, Germany.
- 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.
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