Business Intelligence - The Future

Business Intelligence - The Future Means to Learn


The term business intelligence ( BI ) refers to technologies, applications and practices for the collection, integration, analysis, and

presentation of business information.
BI systems provide historical, current, and predictive views of business operations and properly analyze the data, and as a result, companies often made business decisions primarily on the basis of intuition. Common applications of Analytics include the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future. Also, some people use the term to denote the use of mathematics in business.
At many enterprises, Business Intelligence software occupies a crucial strategic niche, serving up timely information to decision-makers. But over the past year, several established BI vendors found themselves snapped up by larger software companies: Oracle acquired Hyperion, IBM bought Cognos, and SAP purchased Business Objects. These deals throw into question the level of multi-vendor interoperability customers can expect from their BI software. While using an integrated stack from a single vendor has its advantages, there's the danger of lock-in. A vendor-agnostic best-of-breed approach might be a better choice. Stan Gibson reports.

Types of business intelligence tools

The key general categories of business intelligence tools are:

* Spreadsheets - The tools are sometimes packaged into data warehouse appliances.
* Reporting and querying software - are tools that extract, sort, summarize, and present selected data
* OLAP
* Digital Dashboards
* Data mining
* Business performance management

Open Source and Free Business Intelligence Products

* Freereporting.com: Free Web-based BI software application by LogiXML
* Eclipse BIRT Project: Eclipse-based open source reporting for web applications, especially those based on Java EE.
* OpenI: simple web application that does OLAP reporting
* Palo (OLAP database): Memory-based OLAP Server (MOLAP) with interface to Microsoft Excel, .NET, PHP, Java and C++
* Pentaho: enterprise-class reporting, analysis, dashboard, data mining and workflow capabilities
* RapidMiner (formerly YALE): open-source software for intelligent data analysis, knowledge discovery, data mining, predictive analytics,

and machine learning useful for business intelligence applications.
* SpagoBI: a Business Intelligence Free Platform which uses many FOSS tools as analytical engines, integrating them in an infrastructure

which offers a cross-operativeness and a consistent vision between Report,OLAP,Data Mining,Dashboard and over the DWH.
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