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According to Gartner, 60% of organisations are still unable to make fruitful decisions due to various factors like, data quality issues, lack of careful consideration of components involved, skill shortage. In this paper, we consider the software process, which is one of the key factors and show how a software process model may be applied to business intelligence (BI) process by defining the entire BI process as a two stage software component process model which internally involves other components. For this purpose, we have defined two software process component models for the entire BI process. We also emphasise all key considerations that need to be followed to achieve successful BI results. We throw light on how the sequential iteration phase can be applied at each component level. This model serves as a prototype for the future BI projects which can benefit organisations and top decision makers in making quality decisions.
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