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Business Intelligence…

Posted by shreeharshagp on June 12, 2007

Business Intelligence

Business Intelligence is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users’ make better business decisions. BI applications include the activities of decision support systems, query and reporting, online analytic processing (OLAP), statistical analysis, forecasting, and data mining.

Business Intelligence solutions play an important role in an enterprise growth. BI helps in transforming organization’s data into useful and meaningful information and then distributes it to the right person at right time for the better and faster decision making.

Business Intelligence Solutions address the following issues

  • Simplified deployment and administration
  • Increased productivity by empowering users to create their own reports with out requiring IT or Specialist assistance (Customization at its best)
  • Ability to perform in-depth analysis
  • Provides data security and privacy
  • Better back-up for the history records
  • Faster problem solving and decision making
  • Data porting from legacy systems to Datawarehouse
  • Development of centralized Datawarehouse system
  • Data accuracy and ensuring forecasts reflect the latest data in the system
  • Over come multiple or disconnected data sources
  • Data quality improvement

Top 9 Business Intelligence and Analytic Solutions are as below; this rated by 2020software.com a Business Software reviver:

  1. Sage MAS 500
  2. Epicor Enterprise
  3. SAP xAPP Analytics
  4. Exact Business Analytics
  5. Microsoft Dynamics GP Enterprise
  6. Everest Advanced Edition
  7. Microsoft Dynamics AX
  8. Hoover’s Pro Trial
  9. NetSuite Enterprise Solution

Search Engine Optimization (SEO)
This section gives you a feel of the SEO effort done by the following companies in topping the search result to increase the web traffic. Google changes the searching algorithm very frequently to give better results and authentic results. Few of the concepts that were or now used are referral from other site to your own site, earlier they use to use metadata. But as metadata were inserted to increase the traffic, but the content didn’t provided the respective keywords present in metadata. This method lost its prominence. 

The companies listed in Google, with the keyword “Business Intelligence Solutions” in the top to bottom order are Oracle, Microsoft, BI-Solutions, Information builders, and Cognos. 

Facts and Figures: 

  • Performance management software segment is expected to reach $7 billion by 2009 with a Compound Annual Growth of 11%
  • In 2005, Business Intelligence Tools market grew by 11.5% and IDC expects the market to grow at the same pace
  • The Western European BI Tools market grew by 13.7% to reach € 1,590 million in licensing and maintenance revenue
  • Price will be a competitive parameter in near future

Forecast

Spending on Business Intelligence and Performance Management will reach $ 23.88 B 2007.

Five main categories of BI and PM with their spending forecast are as below:

  • Business Intelligence                                                     $ 6.6 B
  • Dashboards and scorecards                                            $ 5.5 B
  • Analytics Infrastructure                                                   $ 4.3 B
  • Planning, budgeting and forecasting                                 $ 4.1 B
  • Analytics applications                                                    $ 3.4 B

(Source: AMR Research)

 
Trends in Business Intelligence Today

Consolidation of BI companies

  • Full suite vendors (Those offering everything from ETL processing to the BI analytics) are taking over Data quality vendors. So only few Standalone Data vendors are left over in the market. These acquisitions add value to the data integration capabilities
  • Enterprise Information Integration vendors are being acquired or have strategic partnership with BI vendors. These alliances broaden the data integration capabilities for Standalone ETL or Full service vendors by adding the ability to deliver real-time integration capabilities
  • Small niche players are bought over by big companies before they are identified by the market.

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