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What Elements Should Be Included in a Business Intelligence Solution?

With the flood of Business Intelligence software showcased in the last few years, coupled with budget tightening and procurement freezes, the question of what elements should be included in a Business Intelligence Solution becomes more paramount.

BI systems have been defined as being able to do everything from centralizing all of your corporate data from all of your various applications through robust (although nearly always proprietary) ETL tools to being able to provide ad hoc, on demand report developing capabilities for not only business analysts, but also for corporate executives and managers, who may not be a technically savvy as your average 9th grade high school student.

But what does a Business Intelligence tool really need to include? Well, for starters, I'd recommend looking for operating system and database independence and scalability. Sure, you're business might be using Oracle today, but when your CTO decides to cut a great deal with MS SQL Server for a much lower price, you're going to want a tool that can make that transition. And believe me, that happens more than you might think.

I'd make sure your BI tool candidate has all of the analytical tools you'll need. OLAP and MOLAP capability with the ability to develop reports against MOLAP, dimensional model, or relational models architectures are critical. Make sure you have the ability to easily develop reports that use very complex SQL aggregations, correlating sub-queries, and unions. I mean, hey, if we wanted to write SQL, we would have just called a programmer, right?

Next I'd look for something with a web based design interface, with all the bells and whistles, including GIS connectivity (or at least something that can use one of the existing GIS vendors). The days of installing client applications for design tools are past us.

Your might think that ETL would be a major requirement in this decision, but honestly, this isn't as important anymore. Most companies are using an ELT (that's not a typo) solution now where you Electronically Load, and then Transform your data. That way you can use very simplistic data replication tools, and let your database engine do all the transformation rather than doing it on the way to the databases.

What to Consider When Selecting a BI Solution

The world of Business Intelligence has evolved quite a bit in recent years. The hyper competitive business market has driven the Business Intelligence industry to provide analytical information regarding trends and forecasting on the spot. More useful information is needed, and less time is available to derive it. That's why it's important to have a Business Intelligence solution in place that can give you the on-Demand features and benefits that you need.

When selecting an on-demand BI solution there are several factors to take into consideration.

* make sure your Business Intelligence solution is user friendly. Business analysts, corporate executives, and manages are not always technically proficient, so it's important that your BI tool can get them the information they need without having to train them on various technical aspects.

* make sure your BI tool is database platform, and operating system independent. Some BI tools only work with MicroSoft or Oracle, and it may not be in your companies best interest to make a change.

* make sure your BI tool comes with a centralized meta-data repository?. It's important to know who's using the tool, and how long verious reports and cubes take to run.

* make sure your BI tool offers GIS capability or compatibility with existing GIS tools. Mapping data will be a huge part of business intelligence in the future, and you don't want to miss out because your BI solution doesn't support it.

* make sure your BI tool supports complex statistical analysis. Simple straightforward counts don't always cut it, and not everyone has the time to learn SaaS BI.

Free KPIs! No Fooling...

If you are struggling to define your company's key performance indicators (KPIs), here is a useful bit of information. I recently discovered an interesting website dedicated to identifying KPIs for just about every category you can think of. And it is FREE!

Excess...

Every now and then, I use my blog for something that has nothing to do with BI. Sometimes I use it for humor, sometimes a rant against a pet peeve, and sometimes -- like this time -- for something that I found astonishing.

There's Money in Them Thar Companies - BI & MDM Funding!

Given the harrowing day in the world's stock markets yesterday and today's roller coaster ride in US markets, you would think that venture funding for start-ups and small companies would dry up like sub-prime lending. Well, maybe in other sectors but funding for BI and MDM companies is doing just fine!

Last Hurrah for Bill Gates

Last week, Bill Gates gave what was billed as his last keynote as a full-time Microsoft employee at the International Consumer Electronics Show in Las Vegas. He chose not to do a maudlin look backwards at all that he has done since 1975 but rather to look forward to his last day at Microsoft and his predictions of where the tech industry will be in the next decade. It was both a very funny and very poignant keynote...

It's Been a Most Interesting Year

For my last blog of the year, I want to wish each of you Happy New Year! The year, 2008, promises to be as good a year for Business Intelligence as 20007 was...

The Other Shoe Finally Drops - IBM Buys Cognos

A few minutes ago I got the news that IBM had just bought Cognos. There has been so much speculation about this purchase after Hyperion and Business Objects were bought that it almost was anti-climatic. What does this mean for BI? Well, I have a few thoughts...

Teradata Rings the Bell at the NYSE!

The oldest "new" company goes public today. Yes, Teradata, a Division of NCR, is no longer. It is now Teradata Corporation, a fully independent company with the NYSE symbol of TDC. Let's look at the stats of this born-again Business Intelligence / Data Warehousing company.

A BI Company Does Something Good for Our Planet

Heavens! It is not often that I read about a company (especially a small company) doing something for altruistic reasons. And so it was that I read with great interest an article in yesterday's Denver newspaper about AWhere and its commitment to help African countries adapt to climate change.

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