Too Much Data or Not Enough Analytics?
March 14, 2011 Dan Burger
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It’s a data-driven world, folks. You might say we already have more data than we know what to do with, but that’s a problem that can be fixed as organizations turn to business intelligence with an emphasis on analytics. Taking information that’s disjointed, sometimes redundant, and probably of limited availability to those who can make best use of it, and putting it to work is a great untapped resource. Using predictive analytics organizations can analyze trends and patterns found in historical and current data. The benefit comes from increasing the accuracy of forecasting trends affecting products and services, and gaining competitive advantages because of that capability. IBM‘s 2010 Global CFO Study of 1,900 CFOs and senior finance leaders pointed out that the respondents plan to use analytics to uncover correlations among seemingly unrelated pieces of information and find patterns nearly impossible to detect manually. IBM i running on Power Systems is well suited for this kind of work. It has a built-in database and plenty of power that can spin business analytics software capable of quickly extracting key data. You won’t be surprised to know that’s not the end of the story. There’s much more to consider. Organizational and process management capabilities are major considerations. Then there are technology and performance management capabilities that have to be identified and monitored to meet defined objectives. Wednesday, March 16, there’s a Webinar scheduled on the future of business intelligence on the IBM i. The agenda topics cover subjects such as deploying secure B2B portals, creating role-based dashboards, providing analytics across the enterprise without expensive user restrictions, distributing business intelligence to browsers and mobile devices, and using BI to create GUIs for applications. The Webinar is hosted by Utilities 400, a U.K.-based vendor with U.S. offices in Chicago. Its business intelligence software is a browser-based dashboard design. To register for the online presentation, go here. RELATED STORIES Business Intelligence Biz to Grow But Cool Off a Bit Business Intelligence and Analytics Were Bright Spots Last Year Top 10 IBM i Product and Technology Trends for 2011 A Quick Analysis of Business Intelligence Planning
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