OK, so it’s February, and I’m late to the party (it got busy for a while), but here’s my belated thoughts on the top five BI trends this year. I’ll avoid the standard laundry-list of “BI 2.0” (or even BI 3.0, sigh) tech trends, and instead concentrate on some of the BI market and customer …
A few photos from the early days of Business Objects
It’s time to retiring the notion of “one version of the truth” — it’s as useful as striving for “one version of politics”.
There’s increasing agreement that the US economy is already in recession. Interestingly, we can’t know for sure because the statistics used for the formal definition (a decline in a country’s gross domestic product, or negative real economic growth, for two or more successive quarters of a year) take around six months to compile. What’s different …
SAS argues that operational BI can replace common sense? (see full posting for details)
Executive dissatisfaction with the information available to them to make decisions is just as bad as when I started working in BI 20 years ago. Will computers ever be able to help with decisions? (see full post…)
It is often reported that Howard Dresner coined the term “business intelligence” in 1989, in the sense it is typically used in the industry today (“end user access to and analysis of structured content, i.e., data”). But especially now that text analysis is becoming part of mainstream BI, the real credit for the term should probably go to an earlier pioneer: Hans-Peter Luhn (more…)
One of the difficulties of predictive analytics is that it relies on the past being a reliable predictor of the future — which is rarely the case in today’s fast-moving economies…(cartoon)
An old pie chart joke, with Xcelsius reflections.
However you define the goals of your organization—whether it’s about profit, or saving lives—it’s all about the quest for performance. Today, 9 out of 10 companies fail to execute their strategies. That’s a sobering statistic—and an opportunity for IT organizations everywhere.