What Is It? Business Intelligence or Analytics? Both?
June 14, 2012
With data stretched across entire enterprises stored in multiple repositories, it was no wonder that such business intelligence activities used to take up to 18 months. Reseller News reported on the change in technology in the article, “Enterprise BI Models Undergo Radical Transformation.” Now, business intelligence processes can happen in as little as two days.
QlikTech is one vendor that boasts this quick turnaround time. One of their clients, CareFirst, implemented their technology to supplement a project management product from CA Technologies. At this point, QlikTech has saved CareFirst $10 million in project costs.
According to the article referenced, CareFirst is one company leading the way for the transformation of business intelligence.
The article discusses how these next-generation data analytics solutions are utilized:
“Consulting firm PricewaterhouseCoopers (PwC) calls it the “new analytics.” Unlike previous BI and data analytics models that depend on centralized, top-down data collection, reporting and analysis, the new wave is all about giving access and tools directly to line-of-business users, who benefit the most from BI reporting and data analytics, PwC said in a report released Tuesday.”
Sure, technological innovations have allowed business intelligence to become more efficiently accessible to users across the enterprise, but this does not mean it is a different technology entirely. A different name will not generate new revenues.
Megan Feil, June 14, 2012
Sponsored by PolySpot