In Search of
Insight
Pages : 43
Publication Date : August 2006
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Book's Introduction:
We live in real time, minute by minute. News is no longer delayed by days
but is streamed in real time. We bank online, and check our real time
balances. We book flights with real time visibility of seat availability,
and we select the seat we want, on line, in real time. All these
transactions generate data.
Supporting the real time world is the microprocessor. They are everywhere,
in almost every electrically powered device people can buy; from domestic
appliances, cell phones, and cars, to the infrastructure we rely on for
modern life. The next wave of miniaturization is already creating an
'internet of things' where devices and appliances are connected to the world
over wireless networks, by
RFID, each
one constantly reporting their status. This too generates data - lots of
data.
And to allow people to adapt business models to today's real time world,
software applications are now built using event driven technologies. Data
moves around in real time over
Service Oriented Architecture (SOA), using loosely coupled and highly
interoperable services that promote standardized application integration.
And yet
Business Intelligence (BI) today has not changed in concept since the
invention of the
relational database and the SQL query. Until now.
BI 2.0 is a term that encapsulates several important new concepts about the
way that we use and exploit information in businesses, organizations and
government. The term is also intrinsically linked with real time and event
driven
Business Intelligence, but is really about the application of these
technologies to business processes.
At the heart of this architecture are events, specifically XML messages.
Ultimately most modern processes themselves are actioned by events.
Consequently, when we think about how to add intelligence into modern
processes, the humble SQL query looks far from ideal.
The traditional
data
warehouse has enabled significant advances in the use of information,
but its underlying architectural approach is now being questioned. It's
architecture limits the ability to optimize every business process by
embedding BI capabilities within. We need to look to event driven,
continuous in-process analytics to replace batch driven reporting on
processes after the fact.
In short, how can we build smarter business processes which give
organizations competitive advantage? How can we build the intelligent
business?
This eBook sets out to answer this question, and to provide a roadmap
setting out how we can get there. It's called BI 2.0.