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February 22, 2005
The Future of Business Intelligence
This week I will head to Orlando to present the future of business intelligence to a group that already leads the way in most technology environments. The message will surround the impact of Service Oriented Architecture to the world of BI. While no one can really predict the future, the reality is that services will invade the BI world in a way that will literally change the way we look at BI. Think about how business intelligence has changed over the years from story telling, accounting and manual bookkeeping, automated system methods, and to the current environment of performing analytical analysis on the data to report on the past in order to predict the future. The problem with the future is that you wont have time to analyze it. The future world of information technology is instantaneous and with not much sympathy for those that cant keep up. The future world of BI will be proactive, predictive, and defining. Defining in the sense that unique value propositions will be awarded to those that are the quickest to the market. The quick and the dead will define the future world of BI. Markets will be defined and created as quickly as they die, as someone remarked: if it works, it is obsolete.
Services will literally change they way we think about business intelligence. Services will encapsulate complex business logic and rules in BI reports and exposing them as Web services, we will be able to leverage legacy & other IT investments very effectively as well as create intelligent agents that can monitor events in real time and dynamically influence and reroute transactions improving speed, agility & adaptation of operations to changing situations. Seamless, timely, & consistent Information access is the mantra for staying connected in this digital age. Sharing of information over Intranet – with peers & others is crucial for internal operations and Extranet (Internet) – with customers, partners, suppliers for efficient supply chain.
What can you do now? Realize that we are entering into a new world where knowledge-Based Business Models will define how business gets done. Focus your BI efforts with an Asset Management Mentality. Already, our jobs are defined as assemblers of knowledge, not as creators. Constant Evolution and Destruction of Value are keys to redefining your career and keeping your skills marketable. Globalization of Capital, Labor, and Innovation will continue at light speed. We are entering into a new era of technology and the impact technology has on the business world. In many ways, this is an opportunity that we must embrace, just as the farmer and mill worker realized generations ago
Posted by Todd at February 22, 2005 12:59 PM