Tracy Watson, for Business 2 Community writes: Like the web and other technologies before it, business
intelligence has evolved. Today’s business intelligence solutions are
nothing like their predecessors.
For example, early incarnations of business intelligence software
were tool-centric and designed for IT- and data scientist-level users.
Reports tended to look back, be highly detailed, and be generated on a
monthly basis. The primary use case of first generation business
intelligence software and its batch-processing reporting was for
operational reconciliation. Let’s call this era “Business Intelligence
1.0.”
Business Intelligence 2.0 evolved, opening up business intelligence
to the aptly called “data explorers.” Rather than being installed in a
client-server configuration, these solutions moved to the Web. Highly
scalable, Business Intelligence 2.0 was widely embraced by enterprise
organizations. Instead of looking back, BI 2.0 allowed users to explore
and predict. Rather than generating detailed monthly reports, this
generation was better suited to generating summary reports on a daily or
weekly basis.
Today, business intelligence has entered its third generation. Just
as other technologies moved from client-server configurations to the Web
and now to mobile devices, the same is true of Business Intelligence
3.0. BI 3.0 can be accessed across multiple devices, and it is extremely
user friendly and collaborative. Today’s business intelligence users do
not need an advanced degree in computer or data science, nor do they
need to have a driving interest in exploring data. Business Intelligence
3.0 appeals to business users of all abilities and from a myriad of
functional backgrounds. From accountants and C-level executives to
warehouse supervisors, purchasing managers, sales and marketing staff,
and beyond, the entire team can find the information needed to move
forward. Business intelligence 3.0 has a collaboration focus and is
ideal for social workgroups. Instead of generating monthly, weekly, or
daily reports, BI 3.0 is capable of generating real-time reports on any
number of processes.
According to InetSoft, a developer of business intelligence software,
“With Business Intelligence 3.0 in demand, you’ll want to have the
ability to connect to relational databases, multidimensional databases,
column-based data warehouses, and software such as Google AdWords and
Analytics, Salesforce.com, Microsoft Excel and more.” Big data has also
become a trend over the last year or so. Companies are using big data to
become more efficient, strategic, and responsive to ever-changing
customer needs (Source).
At the same time, Business Intelligence 3.0 allows for the
functionality of its predecessors. For example, if you want to look back
at a detailed report covering the last 20, 60, 90, or 365 days, you can
certainly do so. With enhanced functionality, real-time reporting, ease
of use, and collaborative tools, this new generation of business
intelligence builds on the gains made over the years.
According to an article posted on YellowFin, Defining Business Intelligence 3.0,
the latest generation of business intelligence software enables an
organization’s decision-makers to explore, create and analyze data
quickly without having to master a complex tool or getting IT involved.
BI 3.0 empowers business users to explore, collaborate, and understand
visual data.
Business intelligence and the data visualization and real-time
reporting tools that accompany it have evolved. We are now entering a
new generation of business intelligence. Are you ready?
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