Munich Personal RePEc Archive

Evaluating A Business Intelligence Solution. Feasibility Analysis Based On Monte Carlo Method

Muntean, Mihaela and Muntean, Cornelia (2012): Evaluating A Business Intelligence Solution. Feasibility Analysis Based On Monte Carlo Method. Published in: ECECSR Journal No. 2/2013 (18. June 2013): pp. 85-102.

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Abstract

Business Intelligence (BI) initiatives are challenging tasks, implying significant costs in their implementation. Therefore, organizations have adopted prudent policies requiring a financial justification. A business-driven methodology is recommended in any BI project initiative, project scoping and planning being vital for the project success. A business-driven approach of a BI project implementation starts with a feasibility study. The decision-making process for large projects is very complicated, and will not be subject of this paper. Having in mind a middle-sized BI project, a feasibility study based on the Monte Carlo simulation method will be conducted. A SaaS BI initiative versus a traditional one will be taken into consideration.

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