Business Intelligence
Insight, strategic advice and whitepapers into business intelligence, business intelligence software, business intelligence solutions, business intelligence data and business intelligence systems.
The financial storm may have passed and as Rhonda Ascierto, Senior Analyst at Ovum says I.T. spending will rise in 2010 - but it will be a year of reckoning for CIOs.
We asked our local guru for business intelligence, Hanne Breddam, to see what some of the technology leaders in her global network thought about business intelligence. Here is some of their feedback.
Analytics have been around from the time the first computer program was written. Once the corporation began to generate data, there were financial analysts, sales analysts, marketing analysts and others anxiously awaiting to use that data in novel and creative ways.
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It is clear that the fallout of the current financial crisis will lead to increased demands in the areas of compliance and risk management. This could obviously place massive strain on companies if it is not carefully managed through the utilization of Business Intelligence (BI) methods to create a solid compliance and risk management framework.
Metadata is found in all data, but usually it is considered most important within the confines of BI and ETL tools. It evolves as a bi-product of BI needs for two reasons: First, business oriented metadata is required for BI tools to enable access to the correct data by business users. Second, technical metadata is required to map data in source systems and data warehouses through ETL and BI tools.
A comparative index across 8 geographies, 10 months on In February 2009, Quocirca interviewed 800 individuals across 8 geographies for their views on, and usage of, enterprise performance management (EPM) tools and processes. The research was repeated in December 2009 and there was a clear improvement in respondents’ understanding of EPM basics. However, much remains to be done, and the overall increase in the EPM sub-indices does not mean there is room for complacency. Awareness of how EPM can help an organisation is growing - however, the capability to use EPM processes still leaves much to be desired.
A comparative index across 8 geographiesMonitoring, measuring and reporting on the financial health of an organisation is a basic need that requires effective tools and processes to optimise the end result. Underpinning this is the requirement for planning capabilities, utilising scenario and what if analysis with simulations and other forward looking capabilities. The new primary research presented in this report shows that most organisations still have much to do.
Defining Collective Intelligence Similar to Web 2.0, Collective Intelligence, as it relates to the web, can be difficult to define. A simple definition of Collective Intelligence technology might read something like this;
Arguably, contracts are the most important property of a corporation. It is contracts that define obligations of the corporation to other corporations. It is contracts that define the obligations of other corporations to the corporation. It is contracts that define dates, terms, rates, collateral and other business conditions. Furthermore, if the conditions defined in the contract are not met, there are legal consequences.
The current recession surprised nearly everyone with its size and suddenness. Few foresaw the carnage it would wreak on Wall Street or its flash-freeze effect on credit markets. As revenues sank, many companies responded by aggressively cutting staff and budgets, including those for IT. An understandable response - but not necessarily a smart one.
Business should always be done on the basis of the best possible information. In the past the task of Business Analytics was seen as the analysis of historical data as a means of deciding on current strategy or possible future trends.
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