Gartner Says More Than 50 Percent of Data Warehouse Projects Will Have Limited Acceptance or Will Be Failures Through 2007
Analysts to Show How To Implement a Successful Business Intelligence Program During the Gartner Business Intelligence Summit, March 7-9 in Chicago, IL
STAMFORD, CONN February 24, 2005 Data warehouses play a crucial role in the success of a business intelligence (BI) program. However, through 2007, more than 50 percent of data warehouse projects will have limited acceptance, or will be outright failures, as a result of a lack of attention to data quality issues, according to Gartner, Inc.
"Many enterprises fail to recognize that they have an issue with data quality. They focus only on identifying, extracting and loading data to the data warehouse, but do not take the time to assess quality," said Ted Friedman, principal analyst at Gartner. "Consistency and accuracy of data is critical to success with BI, and data quality must be viewed as a business issue and responsibility, not just an IT problem."
"New federal regulations and corporate governance requirements have greatly increased the pressure for improved data quality. Enterprises must eliminate multiple data silos, assign stewardship to critical data, and implement a process for continuous monitoring and measurement of data quality."
CIOs said in a recent Gartner survey that BI implementation will be a significant factor in delivering IT's contribution to business growth. However, most businesses are failing to use BI strategically. Gartner analysts said integration of business and IT requirements is critical to any successful BI strategy.
"It is hard to believe that IT organizations still build data warehouses with little or no business involvement," said Frank Buytendijk, research vice president at Gartner. "But some IT experts still believe it is important to 'anticipate the needs of the users.' They also suffer from the 'Atlas Syndrome' - trying to carry the weight of the world on its shoulders- solving problems the users 'do not understand.' As valid as this may seem, it results in a negative outcome."
Gartner defines BI as an interactive process for exploring and analyzing structured, domain-specific information (often stored in data warehouses) to discern business trends or patterns, thereby deriving insights and drawing conclusions.
Gartner analysts will provide additional analysis on BI trends at the Gartner Business Intelligence Summit 2005, to be held March 7-9, at the Sheraton Chicago Hotel & Towers. The Business Intelligence Summit 2005 is the only event designed to provide businesses with the knowledge they will require to create a visionary BI strategy. Through a content-focused curriculum, attendees will learn the methodologies, strategies, technologies and architectures that will move them from the tactics of cost cutting and compliance to increasing their companies' agility and responsiveness, and improving overall business performance. The first BI Excellence Award winner will be voted for and announced on-site in Chicago.
For complete event details, please visit the Gartner Business Intelligence Summit Web site at www.gartner.com/us/bi
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