Friday, February 3, 2012

Business Intelligence & Analytics – Changing Trend

Business Intelligence came into light when Data Warehouse rose during 1980’s. Notable players like Oracle, SAP, IBM and Microsoft introduced BI tools that helped Business users to generate Business Intelligence report from Data Warehouse Environment. During 1990’s, due to rapid growth in web data, the Business Intelligence market rose to new height, and new players such as Business Objects, Cognos, Informatica came into Business Intelligence market. Due to the fact that the data become available everywhere, mid 2000’s market introduced a new and advance Business Intelligence tools (BI 2.0) with more reporting and connecting capabilities.

Today, Business Users started expecting Business Intelligence to collaborate, search, communicate, help for decision making and predict the opportunity and growth. With new innovations in Cloud and Mobility, Business Analytics and Intelligence reports made available anywhere, anytime via any device.  Business Intelligence on Cloud helps Enterprises to implement Business Intelligence environment easily and quickly.  

The objective of this article will be achieved if we discuss about the current Business Intelligence trends.

    1. Business Intelligence for User Centric Collaboration and Social Media – merging Business Intelligence and Social Networking tools will increase the accuracy of critical data that will help the Enterprises to take the right decision. Today everyone uses atleast one Social Media for collaboration and to connect with people. With this, Social Media started providing quality data to the Enterprises for generating Intelligence Business Analytical Reports which enable business users to discover new and innovative ideas and to compete with innovation demanding market. 
    2. Visualization – The business users expect to view their analytical data in high quality visualization and real-time interactive charts and bars rather than viewing the reports in traditional rows and column format.
    3. Mobile Business Intelligence – An attractive topic that goes around all most all industry atleast for last three years. With new releases of Apple iPad, Blackberry Playbook and Android Tablets, created more demand for Business Intelligence and Analytical reports, interactive dashboards and scorecards to fit into these smart devices. Due to ease of use and interactive mobile applications, the ability to deliver Business Intelligence and Analytical Reports become relatively simple with all the mobile technology available out there.
    4. Predictive Analytics – Business users started realizing the use of using historical data to identify the pattern of opportunity and business growth. As a result, they started leaning towards Predictive Analytical Intelligence Reports that heavily helps and guides them to take the right decision keeping future in mind. 
    5. Agile Business Intelligence – Technology deliverables moves towards continuous deliverables of quality Business Intelligence solution to keep the business user satisfied. The business users and decision makers expect dynamics and real time Business Analytics that enable flexibility and allows the user to work with the data often and do necessary changes on fly. Agile Business Intelligence triggers the technological options for Self-service Business Intelligence and Cloud based Business Intelligence.
    6. Cloud based Business Intelligence – Business Intelligence and Analytical Reports, Interactive Dashboards and Scorecards are developed, published and consumed on Cloud without worrying about infrastructure setup, hardware and software installations. To grow and maintain the competitive technological edge, it’s absolutely essential and became important to adopt Cloud computing and Business Intelligence together. Cloud Business Intelligence solution brings in new business opportunities and growths by address the challenges such as security, complex pricing, moving large amount of data and integrations. Business user enjoys the benefits such as scalability, easy and simple implementation, reduced cost, accessibility and computing instances.
    With the current change in Business Intelligence and Analytical trends, it become vital for IT industry and Business users to adopt the changes to maintain and grow their business successfully.



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