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5 Waves that Will Wash Over and Renew BI

By SiliconIndia   |   Thursday, 24 January 2013, 13:09 Hrs
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Bangalore: BI is growing at a rate that is both encouraging and astounding. What does the new year hold for BI from a technology perspective. How will it progress? How will it change the way an enterprise functions? Kseniya Savelyeva states on the Panorama blog that 2013 will see BI solutions advance technologically. 2013 has been touted by Gartner to be the year of enterprise app hosting; and this can be attributed to a great extent to the proliferation of mobile data analytics.

While collecting big data is simple, analyzing all the data sets is far more complicated. While previously there was a lot more data and too few people to deal with the data, there was a backlog. Real time analytics could fix this and allow for the analysis of information without the need for human presence.

Conrad Bates, managing partner at C3 Business Solutions, listed some of the technology changes that would make waves in an article on TechnologySpectator.com. They are:

Agile v/s Waterfall Gains Popularity: The agile approach to information management will be favored over waterfall in the 2013 as quicker and more quantifiable returns are expected on BI investments. A properly implemented agile approach could prove to be very helpful for organizations.

Cloud BI: With the current economic situation, more organizations will view cloud BI as an attractive option to invest in and this will shift the load off internal IT resources. How the information is transferred on to the cloud, and the quality of data that the organizations are planning to analyze is going to be a challenge. Once data is on the cloud, organizations could make use of several affordable BI solutions.

Mobile BI: With ever increasing remote workforces, mobile BI could be beneficial for enterprises. This will ensure that users are never away from data that could enable them to make or break business decisions. With the development of mobile technology, information is a click away for users. To adapt to this situation, BI must also be instantly accessible.

Analytics: This is seen as the next step in information management, where algorithms will seek patterns in historical data to predict what the future could hold so that smarter decisions are taken. Advance in this will truly result in a big leap in BI.

Big Data: While big data may have resulted in the ability to manage large volumes of data, businesses would benefit from smart data. The right solution would not be adding more data, but identifying the right variables to add for the specific model.

This 5 pronged approach will not just be identified by CIOs but will result in quantifiable benefits for all business users and adoption by all will be a norm in the coming years.


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