Wednesday, August 29, 2007

Business Intelligence just got Smarter

One of the emerging trends highlighted in the Accenture Power Breakfast session was 'Closed-Loop Business Intelligence'.

I could correlate this trend with what I read yesterday on the business value of BI solutions. Typically, the BI solutions enable the business users to consolidate metrics and analyse and generate reports. The traditional BI solutions are open-ended, in the sense, it "supports" taking informed decisions. However, the end decision is left to the user himself. The BI solutions typically dont enter into that area where they recommend possible actions based on the metrics and data. So, its hard to justify a BI solution investment in a corporate unless until significant value could be earned out of it.

So far, there was no channel available to realize the business results. Now, its becoming a reality.
The vision for closed-loop business intelligence is to not only just analyse the metrics, but also 'recommend' suitable actions to the business user that would improve the overall business results...Sounds interesting!

Am just curious to know which BI vendor will be first in the industry to offer these smarter BI solutions.

Do you see a trend where all the individual domains of business applications are slowly converging and morphing themselves to be much more smart and adaptive?

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