BI 2.0 - A Sneak Preview

Loading...

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

0 comments

Post a comment

    Post a comment
    Embed Video
    Edit your comment Cancel

    Favorites, Groups & Events

    BI 2.0 - A Sneak Preview - Presentation Transcript

    1. BI 2.0: A sneak preview - Express Computer Page 1 of 5 www.expresscomputeronline.com WEEKLY INSIGHT FOR TECHNOLOGY PROFESSIONALS 07 January 20 Sections Home - Technology - Article Printer Friendly Version Market Management Lead Technology Technology Life BI 2.0: A sneak preview Columns Donning a completely new look, the next version of BI promises to Between The Bytes deliver more in terms of features and functionality than traditional BI. By Neeraj Gandhi Events Technology Senate Data is an integral part of the engine that Technology Sabha drives the growth of any enterprise. Based on this, enterprises take decisions and Specials convert plans into actions. However, if this data is not managed properly, a company’s HMA Bankbiz growth tends to decelerate slowly but UPS Batteries surely. Enterprises today are faced with a Services new kind of challenge, the challenge of managing information, digital information Subscribe/Renew that is. Archives Search In the normal course of business, Contact Us enterprises refer to recent data stored in a data warehouse to plan for the next few weeks. This involved Network Sites manually hunting and analyzing data, a hectic and troublesome CIO Decisions task. It was here that BI came to the rescue. With its tools, BI Exp.Channel Business provided historical, current, and predictive views of business Express Hospitality operations based on data stored in the data warehouse. Express TravelWorld feBusiness Traveller Over the years BI has developed and matured into an effective Gartner BPM Summit Express Pharma solution for any growing enterprise. Today, enterprises are using 3 days, 60+ Express Healthcare BI to attain business goals. Amidst all this, the next generation of sessions, 20+ Express Textile BI known as BI 2.0 has been brewing for sometime now. analysts! February 5-7, 2008, Group Sites Vegas, NV Defining BI 2.0 www.Gartner.com ExpressIndia Indian Express “Some organizations Is BI 2.0 an improvement upon Financial Express have been applying traditional BI, or is it the next level, 2.0 principles for the much like the Web 2.0, or a last 25 years, making use of completely different platform Indian Express conventional altogether? Even vendors are looking technologies.” Business Publications for clarity on BI 2.0. They are Division however sure of the fact that BI is - John Kopcke Oracle Senior VP, BI and Enterprise evolving into a more powerful tool. Performance Management http://www.expresscomputeronline.com/20080107/technology01.shtml 1/4/2008
    2. BI 2.0: A sneak preview - Express Computer Page 2 of 5 John Kopcke, Oracle Senior VP, BI and Enterprise Performance Management said, “BI 2.0 marks BI becoming more interactive (not only consuming reports, queries and dashboards, but being able to find and analyze the right information), more collaborative (it offers tools to not only work with data, but work on it with others, share analyses, comment on performance indicators, and link indicators together to create causal effects between different business functions), and more personalized (BI tailored to the way how different people consume and work with information).” Your Email Charles Nicholls’, Founder and CEO, SeeWhy Software, definition of BI 2.0 leans on Tim O’ Reilly’s definition of Web 2.0. “Web 2.0 is the business revolution in the computer industry caused by the UNSUBSCRIBE HERE move to Internet as the platform, and an attempt to understand the rules for success on that new platform.” He defined BI 2.0 as “the business revolution caused by the move to service oriented architecture, which enables intelligence to be built into business processes.” Venkatesh Anant, Director, Business “BI 2.0 is the next Development, Intellicus Technologies generation of BI solutions, offering said, “BI 2.0 is the next generation real-time intelligence of BI solutions, offering real-time and enabling intelligence and enabling automated automated decision- making.” decision-making. It is a term that encapsulates several important new - Venkatesh Anand concepts about the way that we use Directior, Business Development, and exploit information in Intellicus Technologies businesses. It is also intrinsically linked with real-time and event-driven BI, but is really about the application of these technologies to business processes.” “The level of Sanjay Deshmukh, Country Manager adoption varies India/ SAARC, Business Objects said, across verticals. “BI essentially means adding value Telecom and BFSI have taken to BI in to the business by effectively a big way and there utilizing data. There will be no is approximately fundamental change in this definition 90% deployment.” for BI 2.0, but there would be - Sanjay Deshmukh additional features like real time data Country Manager India/ SAARC, analysis in traditional BI that will Business Objects shape BI 2.0.” Sanjay Mehta, CEO, MAIA Intelligence defined BI 2.0 as “an extension of Web 2.0 in the enterprise scenario where it is an important opportunity for the user. It will be a mix and match of structured and unstructured, corporate and public data mashups in many new ways for analysis and interactive reporting capabilities.” Inside BI 2.0 The fact is that we live in a fast paced environment, where real time, minute-by-minute news and information differentiates winners from losers. BI 2.0 offers a platform to stay ahead in this http://www.expresscomputeronline.com/20080107/technology01.shtml 1/4/2008
    3. BI 2.0: A sneak preview - Express Computer Page 3 of 5 race. Contrary to traditional BI systems that are designed for querying data warehouse containing historical data, BI 2.0 systems are designed for continuous analysis of real-time event streams and complex events, and interpreting their impact. “Traditional BI analyzes data at rest, in a database. Queries are run to extract data, calculate metrics, which can then be displayed on a dashboard, or in a report. This process is inherently retrospective where you are reporting on what happened in the past,” said Nicholls. “The main advantage is that BI 2.0 can be built into processes, whereas traditional BI merely reports on past processes,” he added. That said, in the BI 2.0 architecture the data is analyzed in memory, continuously, and in flight. This means that data isn’t stored in a database or extracted for analysis. BI 2.0 gets data directly from middleware, the natural place to turn to for real-time data. It uses event-stream processing. This method processes streams of events in memory, either in parallel with actual business processes or as a process step itself. Therefore, it can be said that the BI 2.0 architecture is based on middleware and SOA and not on database and queries as in traditional BI. BI 2.0 will also bridge the gap between the users and usage. Traditional BI has always remained in the hands of a few experts or senior level management within the enterprise. Contrary to this, the BI 2.0 architecture will take the application to all users in the enterprise. “This next generation of BI, BI 2.0 includes visualization capabilities that let users see the relationships among data as well as interactivity that lets them manipulate the data in an intuitive manner of working that suits the way that business users think,” added Mehta. “In traditional BI there is a complete integrated package in which it is predictable how it can and will be used. Whereas, within BI 2.0, with that same seamless integration, users can create their own unique combination of functionalities, combining every single piece of technology that can access the data,” said Kopcke. It should also be noted here that BI 2.0 would not turn the existing BI platform on its head, and that reports will still be needed. What BI 2.0 will do is complement the existing capabilities and extend BI’s reach into operational processes. India’s BI quotient According to Gartner, the level of BI adoption varies across verticals. BFSI and retail sectors are using analytics to drive competitive advantage. “Indian enterprises don’t look at BI as a means to enable MIS but embed BI in their business processes. Enterprise agility is a high-priority goal in many enterprises, but BI’s overall impact on business is poorly understood and still considered as ‘nice to have’,” said Bhavish Sood, Principal Analyst, Software Markets, Gartner Inc. http://www.expresscomputeronline.com/20080107/technology01.shtml 1/4/2008
    4. BI 2.0: A sneak preview - Express Computer Page 4 of 5 The adoption of BI till now has been driven by the overall growth of the economy. But it’s largely industry specific. “The level of adoption varies across verticals. Telecom and BFSI have taken to BI in a big way and there is approximately 90% deployment. Even ITeS and retail have started looking at BI as a possibility,” added Deshmukh. According to Anant, globally the size of BI market is approximately $4-6 billion, which is completely dedicated to reporting/analytics. “However in India, the industry is still relatively nascent and is poised to grow to $47.4 million by 2011, as predicted by Frost and Sullivan,” he said. The road ahead for BI Integration of new ways of delivering data, for instance through windows ‘gadgets’ and Web mash-ups Integration of technology silos, such as query and reporting tools, enterprise performance management applications, and operational business applications such as ERP, CRM etc. Integration of features like data quality solutions. More layered approach to architecture Convergence of EDM and BI 2.0. BI becoming more mobile with its integration into wireless networks supported by technologies such as Wi-Fi. A move away from transactional database systems to implement fully integrated enterprise intelligence platforms BI will increase the usage of unstructured data. Rise of independent BI to fill the void after a wave of acquisitions. From BI to BI 2.0 BI came and changed the way enterprises used data for decision- making. BI 2.0 is knocking at the door. The scenario presents a great opportunity for the enterprises. But the million-dollar question is; when would the transition happen? Some say that the transition has happened over the past one year and it is only recently that the term BI 2.0 is being recognized. “Some organizations have been applying 2.0 principles for the last 25 years, making use of conventional technologies. Some will never reach the stage of more interaction, more collaboration and more personalized information. However, the time is ‘right’ for the transition,” said Kopcke. According to Deshmukh, five revolutions will drive this transition. “User revolution (BI will become ubiquitous, available to each and every user in the enterprise), platform revolution (the wave of standardization where companies will streamline their set of vendors from a long list of vendors to a short list of strategic partners), network revolution (addresses the issue of accuracy of data, structuring the unstructured data and reducing duplication of http://www.expresscomputeronline.com/20080107/technology01.shtml 1/4/2008

    + Dhiren GalaDhiren Gala, 2 years ago

    custom

    1402 views, 0 favs, 0 embeds more stats

    Donning a completely new look, the next version of more

    More info about this document

    © All Rights Reserved

    Go to text version

    • Total Views 1402
      • 1402 on SlideShare
      • 0 from embeds
    • Comments 0
    • Favorites 0
    • Downloads 63
    Most viewed embeds

    more

    All embeds

    less

    Flagged as inappropriate Flag as inappropriate
    Flag as inappropriate

    Select your reason for flagging this presentation as inappropriate. If needed, use the feedback form to let us know more details.

    Cancel
    File a copyright complaint
    Having problems? Go to our helpdesk?

    Categories