by Angela Guess
A new article discusses current trends in business intelligence. The first trend is actionable versus action-enabled BI: “Although ‘information-enabled decisions’ is a philosophy that has been discussed and promoted widely in the recent times, information-enabled decisions have not yet become the mainstream SOP (standard operating procedure). Now that many business leaders are mobile and/or remote, information-enabled decisions have become an even bigger challenge.”
The second trend is predictive analytics for the masses: “This seems like the next wave beyond the ‘BI for masses.’ Predictive analytics / data mining as a technology has been available to mainstream commercial organizations for several years now, but it has still been the tool of a small team of data specialists (statisticians, etc.) tucked away in some corner of the enterprise. These folks have the job of predicting the future by analyzing huge amounts of data using compute brute force. These teams use very sophisticated software and mathematical algorithms and try many different models and data massaging techniques to come up with a final set of models. All of this, I believe, remains unchanged for now, but what I believe is changing is how these models are being made available to the front line business teams to look at different scenarios in a self-service capacity.”
Read more about both trends here.
photo credit: treehouse1977
