| In the business setting, there has been an age-old | | | | tool would be more advantageous than purchasing |
| saying about how accomplishing any business goal | | | | one from the market. Building your own tool can |
| would entail the selection of the proper tools. Indeed, | | | | significantly cut down cost something you can never |
| this is something that holds true, and not just in the | | | | be too sure to achieve if you do decide to buy your |
| business setting but in other facets of life as well. | | | | tool from the market. That is, unless you really know |
| However, sticking with the corporate scenario, just | | | | your way inside and outside the market, and this entails |
| how then can you make sure that you have the right | | | | a lot of connections with a lot of "right" people, so to |
| mix of tools when it comes to data warehousing? | | | | speak. |
| Harvesting, gathering, and collating data would be | | | | But if you are talking about implementation time, then |
| inevitable in any organization; for how can a business | | | | the purchased business intelligence tool would be more |
| attain success without collecting and interpreting | | | | advantageous. This is simply because the tool, being |
| relevant data? The data collected and analyzed here | | | | out in the market already, has already been developed |
| would be used to come up with the right business | | | | and glitches have been attended to as well. Well, there |
| decisions, after all. It is then obvious that there is the | | | | might be some glitches and bugs that you might |
| need to incorporate business intelligence for data | | | | discover along the way, but at least it would not take |
| warehousing. | | | | too long a time to implement the tool itself because it is |
| The typical data warehousing system would be | | | | already available. All it needs is for its settings to be |
| inevitably complicated, in the sense that there are | | | | configured and you should have it up and running in no |
| cross-departmental connections to consider. Any | | | | time. |
| business would be comprised of several departments | | | | Documentation and functionality are also advantages |
| and units all interacting with each other to achieve | | | | that purchasing has on its side of the fence. These are |
| common corporate goals and objectives. With the | | | | readily available because, as mentioned above, the tool |
| involvement of multiple departments, an efficient data | | | | is just waiting to be configured for it to be up and |
| warehousing system should then be implemented. | | | | running. |
| To do this, there are several considerations that you | | | | But one huge advantage that building has over |
| need to keep in mind. One of the important questions | | | | purchasing is that when you build your own business |
| that you need to ask yourself is whether you should | | | | intelligence for data warehousing tool, you can tailor this |
| BUILD your own business intelligence tool or you should | | | | to fit the needs of your business itself. And because |
| BUY one from the market. Each has its own pros and | | | | of this, your reliance on 3rd-party vendors would also |
| cons, which you will have to weigh one by one so that | | | | be significantly reduced, even wiped out! Thus, make |
| you come up with a more informed decision regarding | | | | sure to keep all of these factors in mind when you are |
| the matter. | | | | still deciding how to get your tool up and running. |
| When it comes to cost, of course building your own | | | | |