The Real Cost of Business Intelligence

The cost of Business Intelligence (BI) solutions can vary widely depending on the specific needs of a business, the size of the organisation, and the complexity of the required solution. While some BI solutions may be relatively simple and inexpensive, others may be much more sophisticated and therefore require significant investment.

Costing your BI investment

Here are some of the factors that can influence the cost of your BI solutions

• Data Volume: The more data that needs to be processed and analysed, the more expensive the BI solution is likely to be.
• Customisation: The level of customisation required by the client can also affect the cost of the BI solution. The higher the level of customisation , the higher the cost.
• Technology Stack: Depending on the technology stack used, such as the hardware, software, and tools required for implementation and maintenance, your investment may vary.
• Integration: The cost can increase if the BI solution needs to be integrated with other systems, such as Enterprise Resource Planning (ERP) or Customer Relationship Management (CRM) systems.
• Scalability: Scalability may impact cost, as it could require additional infrastructure and resources to handle higher volumes of data and users.
• Implementation Timeframe: The cost can vary depending on the timeframe for implementation, with shorter timelines likely to be more expensive.
• User Support: The level of user support required by the client has a direct impact on the cost assessment.
• Training: The cost of training users on the BI solution needs to be considered.
• Maintenance and Upgrades: The ongoing maintenance and upgrades required for the BI solution should be kept in mind when planning your total spend.

Moyo’s BI Managed Services are geared towards creating significant value for your business

Moyo’s BI Managed Services helps businesses implement and manage their BI solutions. By outsourcing their BI needs to Moyo, our clients can potentially save money in several ways:

• Lower Infrastructure Costs: Moyo provides a cloud-based BI platform, which eliminates the need for your organisation to invest in expensive hardware and software to build your own BI infrastructure.
• Reduced Personnel Costs: Hiring and training a full-time team of BI experts can be expensive. Moyo’s BI Managed Services team can provide the necessary expertise to manage the BI solution, reducing the need for a dedicated BI team.
• Flexibility and Scalability: Designed to scale according to the needs of the business, our offering enables you to only pay for the services you need, making it a cost-effective and predictable solution for small, medium or large businesses.
• Improved ROI: We help companies get more value from their BI investments – that’s our solid commitment! By providing a team of experts to manage and optimise the BI solution, organisations can achieve better insights and outcomes, leading to improved ROI.

Are there any hidden costs to be aware of if I go with Moyo?

You can be confident in the transparency of our BI Managed Service offering, as we provide a predictable and flexible monthly cost without the burden of locked-in contracts. Rest assured that you will know precisely what you are receiving from our services.