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Subtle Hidden Trends in Business Intelligence and
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Haranath gnana
Practice Area
Leader, Saama
Technologies
Haranath is a Practice Area Leader at Saama Technologies whose whole career spans over 18 years i...
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Business intelligence (BI) trend articles from a variety of authors
are published fairly frequently. For this reason, I initially resisted
writing another but noticed that not many folks were talking about or
even mentioning anything beyond the current usual suspects of big data,
the cloud, unstructured data, Agile BI
(the iterative approach), self-service enablement, etc. While these do
represent big disruptions in the BI landscape today, I want to share
some insights about a couple of trends that I believe can have an equal
or even bigger impact on how business intelligence is consumed.
Actionable versus Action-Enabled Business Intelligence
Although
“information-enabled decisions” is a philosophy that has been discussed
and promoted widely in the recent times, information-enabled decisions
have not yet become the mainstream SOP (standard operating procedure).
Now that many business leaders are mobile and/or remote,
information-enabled decisions have become an even bigger challenge.
With
the entrance of iPhone a few years ago, it appeared that the mobile
workforce would have access to entities beyond email and calendar that
the BlackBerry had made so popular. The iPhone interface allowed for
information and insights to be presented to the field force, better
enabling the field force, and these devices gained pretty quick broad
adoption. But the form factor was still too small for effective use of
information. With the entrance of the iPad, that changed completely. Now
there is a platform that allows the mobile workforce to gain access to
insights without a constrained screen size. Given that enterprises are
spending a lot of effort generating and presenting relevant information
nuggets / insights, there is a clear push for “actionable intelligence.”
Now available to the field force on their tablets, this becomes
“actionable intelligence OnTheGo.”
However, the added twist to
this is what I term “action-enabled business intelligence” or, adding
the mobility aspect to this, mobile action-enabled BI (MAEBI). (I
pronounce it mayeebuy). Here users are presented with not just the
“actionable insights,” but also the relevant transactional screens that
enable them to make a decision and take an action.
For example,
think of a marketing executive running a campaign. With mobile-enabled
business intelligence, he / she would have access to all of the details
of how the campaign is progressing. Of course, this assumes that the
plumbing between the campaign management system and the BI repository
has been set up, which has become quite common in enterprises today.
However, when the presentation of the information to this marketing
business user is not just the BI insight but also presents the BI
information on the same screen in the context of the actual possible
actions this person could take, then the person’s decision-making
process – including the action taken – becomes a lot more efficient.
This is the concept of “action enabled business intelligence.” This is
also sometimes referred to as “BI Composite Application Screens.” Now
the iPad makes this possible for the business users on-the-go – making
this the “mobile action enabled BI.”
Figure 1 is a mockup of a
screen of such an application on an iPad. The top section presents
Actionable BI Insights while the bottom part is content from a CRM
application. Given the current maturity of this platform, this
application can be designed intelligently to present the right CRM
application modules when looking at certain BI components and vice
versa.
Figure 1: BI and Transactional Application Components on the Same Screen
All
of the top tier BI vendors are already providing a platform / framework
to support this (i.e., combining BI insights inline with transactional
system forms for actions). Although in its infancy today, this will
allow our highly mobile workforce to make decisions based on relevant
insights and take actions all on one screen, on the go. This opens an
entire new world of possibilities, adding a whole new perspective to how
the mobile workforce could operate.
Predictive Analytics for the Masses
This
seems like the next wave beyond the “BI for masses.” Predictive
analytics / data mining as a technology has been available to mainstream
commercial organizations for several years now, but it has still been
the tool of a small team of data specialists (statisticians, etc.)
tucked away in some corner of the enterprise. These folks have the job
of predicting the future by analyzing huge amounts of data using compute
brute force. These teams use very sophisticated software and
mathematical algorithms and try many different models and data massaging
techniques to come up with a final set of models.
AlI of this, I
believe, remains unchanged for now, but what I believe is changing is
how these models are being made available to the front line business
teams to look at different scenarios in a self-service capacity. Many of
the tools today are starting to provide a way to integrate predictive
models and present these as additional capabilities for analysts to
utilize in their discovery processes. Predictive modeling has gained a
lot of popularity in the marketplace over the last several years, but
making these models available to a much larger user base (i.e., the
front line teams) is going to significantly accelerate the further
adoption and use of this technology.
Figure 2: Segmentation Process with User Selectable Parameters
Figure
2 shows how an analyst could leverage a segmentation statistical model
almost like a custom function within the BI application. This allows for
the users to be able to play out scenarios before finalizing their
segmentation buckets. The key is to ensure that the technical complexity
in building the statistical models, testing and validating them is
still managed by a core team of experts, and enabling these validated
models to be available as custom functions within the BI environment.
This allows the core team to focus on building and validating better
models while offloading the tasks of iteratively tuning/refining the
models for specific needs of the BI end users.
As with any
technology its importance and significance is directly tied to adoption.
This change in allowing for these models to be leveraged within BI
applications significantly increases the adoption of these extremely
powerful technologies, further strengthening their significance and
setting a stage for its rapid growth.
In today’s ultra
competitive world with the ever-increasing budget pressures, we will
continue to see rapid innovation in improving both the efficiency and
effectiveness of the decision-making process. The two trends presented
in this article are evidence of the growing demand for these
capabilities.