How to Refresh the Usage of Business Intelligence?
Bangalore: BI evolved in large organizations back in the year 1970. Since then it has been continuously in use by the business leaders to support their decision making process. In those days the tools were customized and built by the internal IT specialists. It was used to extract information and prepare reports using key performance indicators. In the early 1990s, with the use of data warehousing model, they began to extend the area of decision making and introduction of large category BI tools.
In the current scenario, BI has developed to a larger extent. And in order to meet the various customer demands and hopes it needs to get more flexible and advanced. John Bair, CTO of Ajilitee stated on information-management.com about some of the trends which can help in refreshing the BI for better business transformation.
1. Big Data: According to Bair, big data is still at a young stage. It involves mostly processing of large data and distributed file framework to transform and analyze structured and unstructured data. Although big data is immature, it can't be neglected because several IT organizations have been using data warehouse technologies effectively. But due to its cost constraints, the organizations are going selective over it. So, they find big data technologies as a solution to store, transform and analyze data.
2. Cloud Computing: Saugatuck Technology predicts that BI will have 84 percent growth compounded annually in the next two years. Cloud computing has a huge influence over BI. In fact organizations which use cloud, tend to maintain an edge to quickly deploy and update services, align investments with ROI and make users self-reliant. Organizations which deal with sensitive data were conscious in using cloud solutions but slowly they have also started integrating cloud structures for better results.
3. Mobility: Gartner states that mobility could be the most upsetting functionality in prospect to BI in 2012, even though many organizations are on the verse of designing dashboards that use mobile BI, with help of mobile analytic solution provider. Business users find mobile BI quite suitable because it can provide information on the go. More than Smart phones, tablets have become quite a good choice for accessing data and interactions due to large screen dimensions.
4. NoSQL: SQL is a programming language for databases. The demand for unstructured data analysis, and as organizations are gaining interest on cloud architectures, NoSQL has become the Internet-era database of choice. It is used by large companies such as Google, Amazon and Facebook. It generally provides a platform for accessing web apps and other suitable applications so that customers get a satisfied experience in user productivity.
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