Business Intelligence Software Essential to Current Business Decisions
December 3, 2012
Business intelligence (BI) technologies are essential to today’s knowledge workers in the enterprise, providing helpful and necessary decision support software. A recent academic research article addresses the changes and growth in this industry in the past twenty years. The article, “An Overview of Business Intelligence Technology,” published in the August 2011 issue of Communications of the ACM, was written by a team of researchers from Microsoft Research and Hewlett-Packard Lab. According to the article, this rapid growth has been fueled by the declining cost of data storage.
The article states:
“Enterprises today collect data at a finer granularity, which is therefore of much larger volume. Businesses are leveraging their data asset aggressively by deploying and experimenting with more sophisticated data analysis techniques to drive business decisions and deliver new functionality such as personalized offers and services to customers. Today, it is difficult to find a successful enterprise that has not leveraged BI technology for its business.”
This obvious growth accompanies a need to shorten the lag time between acquiring data and decision-making in daily business. Innovations in BI technologies require sophisticated functionality and services. Enterprise search solution Intrafind has a history as a university developed solution that understands the challenges in this industry and the company has created research-based services that solve the problem of making data findable within enterprise environments.
Andrea Hayden, December 3, 2012