3) Cloud-only can be a detriment
There’s no disputing that cloud is here to stay and it’s one of the hottest topics in the industry. Industry analysts are predicting that 1 in 4 BI deployments will be cloud based in 2016. But what about the other 75%? There are numerous organizations with BI and analytics use cases where cloud isn’t an option. It’s important to have the flexibility of an on-premise or hybrid cloud offering in addition to just cloud-only. Cloud is often the easiest way to get started with an analytics project but the long term cumulative TCO is typically cheaper to deploy on-premise compared to the TCO of a multi-year cloud deployment.
4) Vendor Lock-In
Warren Buffett is commonly attributed the famous quote of “Don’t put all your eggs in one basket”. While he was referring to the investment community, the same analogy can be compared to the enterprise software space. Application vendors will likely sell you on the benefits of a single throat to choke. But we’ve all seen examples where companies have locked in with one vendor only to run into issues down the line since they have no options and get strong armed by the vendor. De-risk your investment by going with best-in-class analytics solutions provided by vendors who are recognized as proven leaders.
Effective BI and analytics deployments can have a quantifiable impact in any organization. “Good enough” products shouldn’t be acceptable. Make sure you consider the best-in-class options and refer to 3rd party analysis such as the 2016 Gartner BI Magic Quadrant Report. Make your short list vendors prove themselves with complex use cases and you’ll soon see the difference between the contenders and the pretenders.
If you are interested in learning more about how Qlik compares to application vendors in the CRM space, you can join this upcoming webinar. And if you aren’t a great basketball player (like me) but have interest in BI and analytics tied to the NCAA basketball tournament, check out this cool Qlik Sense mashup app. Enjoy and good luck in your brackets!