Is your BI AI ready?
Digital transformation is happening at a rapid rate, and in order to stay competitive, organizations need to push the limits of their traditional BI and analytics frameworks with predictive and prescriptive capabilities to generate faster and more accurate business outcomes. Gartner predicts that by 2020, predictive and prescriptive analytics will attract 40 percent of enterprises' net new investment in business intelligence and analytics.
Traditional Business Intelligence (BI) tools and analytics frameworks are still in the descriptive stage and can only assist users with the two questions -- "what is happening?" or "what has happened?" To answer the "what will happen next?", predictive, prescriptive, and cognitive computing is necessary. These 3 types of analytics are being enhanced by AI technology to automate mundane and repetitive tasks and predict a clear path going forward. Data is being analyzed faster and more accurately with these advanced analytics frameworks, and decisions are being automated with machine learning to decrease human error and increase the organization’s bottom line profit. Machine learning can detect new patterns and opportunities that humans cannot.
New enterprise platform streamlines getting business intelligence from big data
Although big data is currently all the rage, extracting meaningful business intelligence from it can prove costly and time consuming.
Data acceleration company Jethro is launching its latest platform offering an all-in-one enterprise solution that combines the power of indexing architecture with 'auto-cubes' to accelerate extracting business intelligence from big data.
New reporting tool helps businesses unlock key product data
The importance of data to business decisions is well understood, however, too often companies are relying on outdated intelligence tools which mean they waste time creating reports.
Analytics specialist Mixpanel is looking to help companies unlock their data with the launch of Mixpanel Dashboards.
What can enterprise mobility experts learn from BI market?
I recently had the opportunity to meet with about 40 executives from a large international construction company. They operate in many different countries and you won’t be surprised to hear that they have a complex application environment. I’d ask someone a question like "How do you keep track of tools and supply inventories at various sites?" and invariably, the answer was a question: "In which country?", "For commercial or residential?" or "For corporate to track it or the site managers?"
They made it clear that while they had a myriad of needs for mobility, there were process differences, regulations, and legacy investments across their operations that made it hard to roll out a single technology solution to any particular business problem.
What you need to know about business intelligence
Business intelligence, like military intelligence, is sometimes jokingly described as being a contradiction in terms. But in fact, in the era of big data and the Internet of things, the potential benefits to be gained from BI are greater than ever.
BI is about turning raw data into useful information for business analysis in order to aid the decision making process. The technology therefore needs to be able to handle large volumes of structured and unstructured data, turning it into reports that are easily understood and deliver insights that can provide businesses with a competitive advantage in the market and help their long-term stability.
Business Intelligence: Reshaping the face of the contact center
By now, it’s no secret that business intelligence (BI) software is becoming a widely adopted tool among various industries. The use of BI makes it possible for organizations to gain valuable insight into what areas of the business are thriving and others that might be in need of improvements.
The scenarios where we are starting to see BI becoming most effective are when executives leverage these insights and turn them into actionable data.
New cloud tool links big data to business intelligence
Big data can provide a useful source of insights for business analysis. But providing access to it can mean significant IT effort and the use of expensive, off-the-shelf solutions.
Altiscale the big data as a service specialist is launching a new Insight Cloud self-service analytics solution to provide a bridge between big data and business users.
Bringing business intelligence to big data
Extracting useful information from business data used to mean waiting for the IT department to run reports. Increasingly though there's demand for users to be able to extract information themselves.
The latest company to join this trend is Israel-based Anodot which is aiming to disrupt the static nature of today's BI using patented machine learning algorithms for big data.
Business intelligence analysts spend too much time cleaning up data
We hear a lot about the potential benefits of big data, but a new study reveals that those benefits are won at a cost of considerable time spent in cleaning up and preparing raw information.
The study by data integration company Xplenty surveyed over 200 business intelligence professionals and finds that a third of them spend 50-90 percent of their time just cleaning raw data.
Adding business intelligence to the hiring process
Business intelligence tools are usually thought of in terms of marketing and strategic decision making. Using them for other tasks like recruitment has usually meant links to other products and significant manual input.
Now though recruitment software specialist Gild is launching a BI solution specifically for hiring, applying predictive analytics and insight to every stage of the process, delivering 360-degree information and customized reports to help every make better decisions.
New tools help speed up the unlocking of business intelligence
Where business intelligence is concerned it's often the case that companies don't lack data. However, they struggle to use the information they have in a way that offers meaningful insights.
San Francisco-based cloud analytics provider GoodData is releasing some new additions to its platform to break down the barriers of traditional business intelligence and improve self-service options without compromising the IT department's need for data governance and integrity.
New business intelligence tool uses infographics to open up data
Business intelligence is all about making dry figures accessible and useful to managers and others within an enterprise.
Canadian company Panorama Software is aiming to create a better data discovery solution with the launch of its new Necto 14 product. It allows users to explore, measure, track, and share critical data visually to gain knowledge, boost collaboration, and make smarter business decisions.
Birst brings a visual element to business intelligence
Business intelligence solutions, although they provide a wealth of information, traditionally rely on analytical techniques that take a good deal of time and effort to produce meaningful output. Birst has been a leader in cloud-based BI for a while and is now launching a visual discovery facility to streamline access.
Birst Visualizer sits on top of the existing Birst product's logical layer to provide accurate, business-aware enterprise data. It aims to combine a Google-like search with Amazon-style recommendations, allowing decision makers self-service access to data that might previously have needed specialist reporting skills.
Tableau Online brings business intelligence to the cloud
Tableau Software has launched a SaaS version of its Tableau Server business analytics product. The software allows users to explore and share corporate data in a reliable and secure way without the need for specialist support.
"Tableau Online will allow people to get their analytics up and running in minutes and add users in a few clicks," says Chris Stolte, Chief Development Officer and co-founder of Tableau Software. "It's completely scalable and secure and requires no infrastructure. It's the fastest way to get everyone in your company using powerful analytics to make better decisions today".
Oracle updates Business Intelligence with iPad in mind
Oracle on Tuesday updated its enterprise performance management suite, including Oracle Business Intelligence (OBI) version 11.1.1.5, OBI Applications version 7.9.6.3, and Oracle Real-Time Decisions. Among the improvements to the platform with this release, Oracle has extended online analytical processing (OLAP) and in-memory platform support, improved real-time decision management, added new certifications, and has made it all available to iPad and iPhone users out of the box.
Oracle's eleventh generation of Business Intelligence middleware has expanded in two major ways: improved mobile access and usability and improved support for new data sources.
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