New uses for Business Intelligence in 2012
BI moves into the Enterprise beyond Sales, Finance and Operations.
Current surveys on BI including Gartner 2012 business intelligence report indicate that BI is moving beyond the traditional remit area of Sales, Finance and Operation analysis. The depth and granularity of modern data now is such in both structured and unstructured data that BI is capable of doing much more. And the appetite in the user community is voracious.
MXI 2012 Whitepaper - BI without IT
Social Media Analytics.
This rich data source is waiting to mined for commercial nuggets, trends, trapping the zeitgeist whatever. Semi structured, big data, text based it’s a rich source indeed for business and IT leaders. BI tools can read the value or sentiment expressed in this kind of big data in association with Hadoop or No SQL.
Real-Time Data
CIO and large IT hate this but the enterprise wants to connect "live" to the data. Is the there a hint of a shift away from ETL and Warehousing underfoot. Does Business intelligence perform best and add greatest value when tapping directly into the source data? Business Users are saying this is what they want, clearly there is a discussion to be had here. The possibilities and implications of this are immense.
Geographical Mapping
Rapid fire data analytics based on Mappings is fantastics, see the action live as it taking place and where. See the data expressed graphically overlaid onto the Globe, World Map, Country, Territory, Province, Region, City, Departments. Lifting the analysts and Business Users understand immediately to a higher level. Combining Geography and data, it’s an obvious next step and it’s taken place now.
The power of Mapping -
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Extended Analytic Capabilities
Business Intelligence applications need to provide further analytical capabilities such as supply chain optimisation. Incorporating statistical forecasting methodologies for uses such Stock replenishing, sales forecasting. Predictive analytics will play an increasing role in BI use and implementations into the future and users clearly have the need.
Some this functionalty exists in the Tableau Business Intelligence software. Try using Tableau for 14 days for free. Click here to download