Business Intelligence

What is Business Intelligence?

The goal of Business intelligence is to deliver support for better business decision-making at all levels of an organization. Often a BI system will be referred to as a decision support system.

BI technologies provide a variety of historical, current, and predictive views of business operations. The common functions of business intelligence technologies are:

· Reporting and Dashboards

· OLAP, Analytics, Data mining, Text mining, and Predictive Analytics

· Corporate Performance Management

 

Emerging Technologies is aligned with several Software as a Service (SaaS) BI providers, and we implement solutions from IBM, SRC, and MicroStrategy.

 

The Future of Business Intelligence

 

A 2009 Gartner paper predicted these developments in business intelligence market .[1]

· Because of lack of information, processes, and tools, through 2012, more than 35 per cent of the top 5,000 global companies will regularly fail to make insightful decisions about significant changes in their business and markets.

· By 2012, business units will control at least 40 per cent of the total budget for business intelligence.

· By 2010, 20 per cent of organizations will have an industry-specific analytic application delivered via software as a service as a standard component of their business intelligence portfolio.

· In 2009, collaborative decision making will emerge as a new product category that combines social software with business intelligence platform capabilities.

· By 2012, one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups.

Emerging Technologies is aligned with several Software as a Service (SaaS) providers, in addition to implementing solutions from IBM, SRC, and MicroStrategy.

 

[1] "Gartner Reveals Five Business Intelligence Predictions for 2009 and Beyond"