The Death of Business Intelligence

Trends in Business Intelligence and ERP systems for 2015

Posted in Analytics, Business Intelligence by luisaferreiradsp on December 18, 2014

2015 will be a year of consolidation and transformation for Business Intelligence (BI). The rise of the Internet of Things (IoT), the integration of cloud and the ever increasing demand for mobility, will shape the way people consume data and shape an established industry that’s worth $89.5 billion this year alone. ERP systems themselves are transforming from a desktop-only model to a device-centric mobile technology.

What are the paradigms that will change? How will this affect the Business Intelligence industry? And most importantly, how are you preparing for the upcoming year? Are you ready for what’s to come? Here at DSPanel we have prepared what we think are the main things you should consider in 2015.

  • Integrate and analyze wherever you are

Integration is one of the top aspects for any big tech trend such as mobile, cloud, Internet of Things, and digital business.
With the ever-increasing need to ‘do more with less’, enterprises will be keen to adopt agile approaches to integration. This will also intertwine business agility with the flexibility to use a variety of services, the scalability to keep pace with business volume, and the efficiency to keep costs to a minimum. Rapid integration leveraging simple interfaces is going to become the standard.

  • Apps

When it comes to simple interfaces, and according to Gartner, apps will play an important role in delivering intelligence. Apps enhance the mobility and versatility side of the software available as they will allow real-time and simplified analysis.

  • Smart analytics start to emerge

Advances in graphical and intuitive modeling will mean a bigger role for data visualization in BI. As self-service analytics become more mainstream, tasks such as forecasting and prediction, will become more common and a lot less painful.

  • Analytics across the organization

In today’s BI landscape, we see a dilution in the roles each person plays within an organization. That is particularly true in the case of data analysis. Today’s data analyst is no longer the BI expert within the department. Data is now being analyzed and generated by your operations manager, supply chain executive or even salesperson. This will have implications on the way BI is utilized in 2015 and on the type of platforms we’ll see appear during the upcoming year.

  • Dominance of Mobile and the intersection with Business Intelligence

More and more companies will invest in mobile solutions and business intelligence software to get more out of their existing ERP systems. Businesses are leveraging mobile ERP not just for reports and dashboards, but for conducting key business processes. Real-time information needs are demanding more agile business applications.
This is an ‘anytime, anywhere’ Era. Allowing access to ERP data from any device, puts users in the driver’s seat and facilitates the interaction with technologies on their own terms while also empowering the occasional user.

  • Convergence of ERP and consumer interfaces

With the proliferation of social media platforms there is a growing need for platforms that offer a user experience close to those user-friendly interfaces that we see on Facebook, Twitter or Instagram. However, until now, ERP systems have always maintained a more complex and less consumer-friendly look and feel. A new look at the user interfaces from ERP vendors such as DSPanel’s partner Epicor, all reveal that 2015 may be the year that enterprise software starts to close the usability gap with the social media giants.

  • Different technologies complement one big system and make it simple

When it comes to ERP systems there is an increasing demand for software which complements each other. Companies will create a large puzzle with items of software that suit their needs perfectly. More importantly, the choice of software is becoming crucial. The major software developers like to react quickly to current trends, providing swift interaction, and a wide variety of their products. This means the puzzle is going to get bigger in 2015.

BI: Bringing back business for intelligent strategies

Posted in Analytics, Business, Business Intelligence, IT, Mobile, Mobile BI by neilwilson1984 on January 17, 2014

Business intelligence (BI) is something that has been used by more and more companies across the globe in the past few years, as they look to grab the initiative and get a head start on their rivals.

However, thanks to its development as a very IT-centric notion, it has been the case since BI became a big trend for the tech people within firms to be more involved with its use than those who actually need it most.

According to Anna Young at Business2Community, BI up until now has been centred around technical uses, with IT professionals sending their BI reports to IT bosses. She said this is an issue that leads many businesses to not get the most of their investment.

To solve this, Ms Young said, companies need to realise that they should be bringing the business back into BI, allowing those who make the big business decisions within companies to have the final say on how it is used and how the results are utilised.

So just how can the trend be reversed so that BI works for firms and gets them the most for the money they have put in?

User friendliness

Because of its basing in IT, one of the biggest hurdles that many companies will face is the fact that the tools are not user-friendly for those who are not tech-savvy. They can be hard to work with, and are often discarded or passed on to someone else. This shows the need for tools that are easy to understand and straightforward to utilise.

Self service

For small companies in particular, the full scope of BI will not be needed to get the desired results. However, it can often be true that they need to have ‘all or nothing’ when investing, and this can turn many away.

Allowing companies and buyers to only purchase things that they want and need can be an effective strategy in allowing them to have a BI solution that works for them at an affordable price.

Mobile

Unlike the majority of BI specialists, decision makers in firms may not strictly be office based, or they might at the very least be out and about at some point during their working week.

However, big calls will still need to be made, and often these can’t wait. By permitting use of BI via mobile channels, developers will make it easier for companies to implement the strategy in the modern world, and uptake could be greatly improved.

Collaboration

Companies will often nowadays also want to have the chance to collaborate on ideas, and this is something those without the technical nous might not have the ability to do themselves.

Professionals in IT need to make sure that the data created is not only usable by people who are not savvy, but also sharable and easy to collaborate with in conjunction with other departments within the firm.

The biggest BI trends in 2014

Posted in Business, Business Intelligence, IT, Mobile BI, Mobile Business Intelligence by neilwilson1984 on January 14, 2014

This year could be a good one for business intelligence (BI), with companies across the sector looking to grow as businesses in other industries do.

But with this in mind, what will be the biggest trends and differences in 2014?

The rise of the decision maker

According to many experts, this will be the year when the BI market finally moves away from being one that is primarily IT-centric and becomes a lot more user friendly.

Over the past few years, IT professionals have created, used and produced the reports that are associated with the software, but there are now more companies looking to get involved at the ownership level so they get a feel for what they are using.

This will mean that BI becomes more user-friendly and usable throughout the year, as opposed to being the very technical solution that is has often been criticised as being in the past.

BI in the cloud

With the fast-paced way modern business has developed over the past few years, one of the biggest trends that has emerged has been that of cloud storage. Now BI and the cloud be set to merge throughout 2014.

The cloud allows companies to store data and software without needing physical hard drives, making it cheaper and more convenient, and this is something that BI firms will need to capitalize on.

In addition to this, companies will also be able to share data between different offices within their firm, allowing for better collaboration and a smoother operation, another thing BI can become involved with.

Mobile data

Mobile solutions are now one of the most important developments in any BI strategy. It has become more vital than ever, given that people can work on mobiles when they are away from the office, on transport or even at home.

This, of course, means that they will need access to BI while they are doing so, so having the solutions and software available to them on their devices will be vital to ensure that they are always connected and able to do their job to its fullest.

It’s important that BI companies provide this as well to make sure they can maximise their potential revenue streams in the new year.

Self service/bespoke solutions

This is a trend that has already been quite prevalent in BI over the past few years, but it is set to become even more so in the next few months as companies start to grow.

Risk aversion will be a thing of the past in 2014 as more and more firms instead look to grow and expand rather than shirking away, but this will not mean reckless spending. They will still look to buy software that allows them to pick and choose the most relevant functions for them and gets them the best price.

This means that 2014 will be another year in which self service and bespoke BI is important.

Analytics ‘key driver’ for mobile adoption

Posted in Analytics, Business Intelligence, IT, Mobile, Mobile BI, Mobile Business Intelligence by neilwilson1984 on December 10, 2013

Speed and better analytics are proving the key drivers for global mobile adoption. That’s according to an IBM study showing 90 per cent oforganizations around the world are willing to sustain or increase investment in mobile technology over the next year to 18 months.

A key reason for upping spend on this sector is the measurable impact on speed and productivity. Half of the respondents in the poll, for example, reported a ten per cent gain in employee productivity as a result of mobile efforts.

The survey looked at the business advantages of using mobile technologies for business intelligence, including the way it “fundamentally” changes how organizations interact with customers, and develop and deliver innovative products and services to market. In particular it identified so-called mobile strategy leaders who have a clear direction for their efforts in this sector.

Data and analytics was a key difference between this subset and others. Seventy per cent or more of leaders surveyed describe themselves as effective in areas such as addressing structured and unstructured mobile data, handling large volumes of data, analyzing mobile data and taking action based on that data. Under 37 per cent of non-leaders said they are equipped to deal with these issues.

Integration is another area where there is a clear difference. Again around seven in ten of mobile leaders indicate they have been successful in ensuring interoperability with other systems, leveraging APIs for external or cloud-provided data services, and providing service-oriented architecture and sharing information among systems/devices. On the other hand, only around 40 per cent of non-leaders report being successful with these tasks.

“Today, mobile is quickly emerging as a transformational game changer in business that will drive new levels of innovation and interactions,” said Kevin Custis, social business and mobile practices leader at IBM. “It is far too limiting to define mobility simply as a device or a channel for transactions. The organizations that come out ahead will be the ones that prioritize mobile and redefine its use to drive a new set of business expectations and user experiences.”

Mobile BI

Mobile apps are easy to use, easy to share and easy to discard. But does this ease of use conflict with enterprise security goals?

We live in an app world

There is no denying that we live in a world where we can get an app for almost anything, pizza delivery, movie times and even medical advice. These apps are great because we can remain relatively anonymous as we use them and if we get tired of them, we can delete them and if we lose our phones, we can re-download them. They almost never contain our private information and we feel safe using them on public wi-fi systems and on mobile networks. But what would happen if mobile applications started containing personal or privileged information? Would be be so ready to use them?

Anything you can do, I can do too

You can do almost everything on a mobile device, so the natural progression of business intelligence was mobile business intelligence. The wave of 2011 has been getting business applications, including business intelligence on to mobile devices such as iPads. These devices are great because they are pretty powerful and allow users to do cool things without being tied to their computers. So naturally, you might consider getting a mobile BI app, to extend your current in-house BI system.

But I would be cautious about doing that. Unlike desktop computers which have a tendency to be hard-to-steal or lose, mobile phones are lost at an alarming rate, 113 phones are lost every minute in the US alone. Imagine what would happen if one of those mobiles had an application on it with your firms data held in your mobile BI application’s cache? How much would your data be worth?

Browser Based BI

Don’t get me wrong, I am all for Mobile BI. I think it will revolutionize the way individuals, who are not always at their desks, like CEOs, Sales, Hospitality and Healthcare employees work. What I do think is there has to be a way to deal with these security issues. And interesting idea coming out of a software company called DSPanel is the idea of browser based mobile BI. What this means is all BI is accessible through the devices browser, by sending links to the dashboard, scorecard, or report. These items are then consumed and manipulated with the same functionality as a native app. If a mobile device is lost or stolen, the created mobile dashboard is simply deactivated by the creator and the link changed so it can still be accessed by users. This means business data remains secure and users get to enjoy the freedom mobile devices give them.