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Business Intelligence Trends:

The amount of data and the number of data sources is growing at an amazing speed. The amount of information dealt by an average executive more than doubles every 2 to 3 years! Therefore a typical executive ends up spending far more amount of time in getting the right information rather than acting on it.

Hence the emphasis has shifted away from extensive data centric reports to high degree of data visualization that aid senior management in taking timely, well informed decisions (Refer diagram below).

Some of the salient consideration in planning any BI strategy today is:

  • To enable ‘Management by Exceptions’
  • Provide Actionable Business Insights through Executive Dashboards
  • Provide real-time, 360° view of the business
  • Track Key Performance Metrics (KPIs)
  • Business Score cards to monitor Enterprise Performance

Analytics Hierarchy – Moving From Data to Decisions

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