This post is part of Series Business Intelligence – Tools & Theory
Currently running topic for this series is listed as below :
Series Business Intelligence – Tools & Theory
>>Chapter 1 : Business Intelligence an Introduction
>>Chapter 2 : Business Intelligence Essentials
>>Chapter 3 : Business Intelligence Types
>>Chapter 4 : Architecting the Data
>>Chapter 5 : Introduction of Data Mining
>>Chapter 6 : Data Mining Techniques
>>Chapter 7 : Introduction to Data Warehousing
>>Chapter 8 : Different Ways of Data Warehousing
>>Chapter 9 : Knowledge Management
>>Chapter 10 : Data Extraction
>>Chapter 11 : Business Intelligence Life Cycle
>>Chapter 12 : Business Intelligence User Model<You are here>
Continuing from my previous post on this series, If you have missed any link please visit link below
We are going to Cover the Following Points in this article
- Future of Business Intelligence
Future of Business Intelligence
Now, moving from the non-existent or the legacy BI solutions to the next generation solution is a huge step forward and also the corporations can be bound to perform the best practices or fall by the edge. However, the BI solutions will continue to change as the exciting new capabilities, such as the in-memory will emerge and penetrate into the market.
The integration of the BI and the process will continue to move forward as the standardized platforms from major software providers will begin to integrate the capabilities that at one time can only be purchased from the “best of breed” vendors. The interesting work is underway which tries to merge BI and search the capabilities to allow the decision making to be supported by a combination of the best available numeric and textual data.
The works are new and more intuitive 3D display technologies that enable three dimensional interfaces which will move the “visual and interactive” context further than what is available today. Smart companies will continue to monitor the situation which indicates the beginning to understand how the next generation BI will be able to truly sustain the competitive advantage.
A 2009 paper had forecasted the following developments in the business intelligence market:
§ Because of the lack of information, the processes, and the tools, through
2012, more than 35 percent of the top 5,000 global companies will often fail to make the insightful decisions about the important changes in their business and their markets.
§ By 2012, the business units shall control at least 40 percent of the total budget for the business intelligence.
§ By 2010, 20 per cent of the organizations shall have an industry-specific analytic application which will be delivered through the software as a service as a standard component for their business intelligence portfolio.
§ In 2009, the collaborative decision making will surface as a new product category which combines the social software with the business intelligence platform capabilities.
§ By 2012, one-third of the analytic applications may be applied to the business processes which will be delivered through the coarse-grained application mash-ups.
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