Business Intelligence Disadvantages
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While many boasts about the benefits of Business Intelligence and why firms need them in order to sustain its position in the international market, there is also a great degree of truth in the premise that Business Intelligence is not a cure-all measure to every solution that the firm might undergo.
Capitalizing on the competence of Business Intelligence requires the firm to view its disadvantages as well, from multiple angles.
Major Disadvantages of Business Intelligence
Some of the major Business Intelligence disadvantages are:- Piling of Historical Data
The major objective of Business intelligence system is to stockpile past data about a firm's deals and reveal it in such a way that it permits professionals in decision making. On the flip side, this information generally amounts to a small portion of what the firms actually require to function, besides its restrained worth. While in other situations, the user may not have interest in historical data as many markets that the company regulates are in frequent alteration. - Cost
Business intelligence at times can be a little too much for small as well as for medium sized enterprises. The use of such system can be expensive for basic business transactions. - Complexity
Another disadvantage of BI could be its complexity in implementation of data. It can be so intricate that it can make business techniques rigid to deal with. In the view of such premise, many business experts have predicted that these intricacies can ultimately throttle any business. - Muddling of commercial settings
Business Intelligence can cause commercial settings to turn out to be much more muddled. - Limited use
Like all improved technologies, business intelligence was first established keeping in consideration the buying competence of affluent firms. Even today BI system cannot be afforded by most of the companies. Although, traders in the past few years have started modifying their services towards medium and small sized industries, but the fact is that many of such firms does not consider them to be highly essential, for its complexity. - Time Consuming Implementation
Many firms in today's fast paced industrial scenario are not patient enough to wait for the execution of Business intelligence in their organization. It takes around 18 months for data warehousing system to completely implement the system.
