by Angela Guess

According to a recent press release, “Qlik, a leader in visual analytics, and Forbes Insights today released results from ‘Breakthrough Business Intelligence: How Stronger Governance Becomes a Force for Enablement,’ a global study revealing that while Business Intelligence (BI) is yielding important benefits for the vast majority of surveyed companies, most feel there is more to come. The survey of more than 400 senior IT and business professionals showed that 45% of respondents rate their BI program as yielding “very significant” benefits, while a further 36% rated the benefits as “significant.” Even so, issues such as less-than-optimal adoption rates, lingering silos, multiple “versions of the truth” and data security mean that only 48% felt they had achieved the full potential benefits of their BI programs.”

The release continues, “The solution identified by the survey is better governance to ensure consistent, reliable and optimized results. This governance includes such key points as standardizing definitions and formulas, improving data security and enabling secure access. Through these measures, better governance can actually empower individuals within the firm to utilize data independently to achieve their goals. ‘Governance requires a really fine balance – governing to the point where consistency is assured, but flexibility remains,’ said Mike Saliter, VP, Global Industry Solutions, Qlik. ‘There is no perfect formula, but finding the right governance level within your organization’s culture is a critical component to making the most of BI opportunities’.”

Read more at Business Wire.

Photo credit: Forbes