The Next Wave of Business Analytics

Article:
The Next Wave of Business Analytics. By: Veset, Dan; McDonough, Brian. DM Review, Mar2007, Vol. 17 Issue 3, p20-22, 3p; (AN 25155923)

The article gives insight on a survey conducted on Business Intelligence (BI) in 2006.BI helps users and firms make better business decisions utilizing database query, reporting and online analytical processing (OLAP) technologies.

The article discusses Business Analytics (BA) which is the next wave in BI.BA includes tools and applications for tracking ,storing ,analyzing ,modeling and delivering data in support of automating decision making and reporting processes.
The article talks about the BI market progression in 15 year cycles. From 1975 to 1990 firms relied on large mainframes for its reporting needs. From 1990 to 2005 saw the beginning of client server based BI to Web based acrchitecture. The new wave of BA will last till 2020.

BA projects can include a broad range of software across a technology stack, including data integration, data warehouse management and various analytic applications and BI tools.

The article also suggest emergence of open source BI software with simpler reporting functions and subscription based BA software.

Overall the article talks about the increasing need of BA and its growing importance across industries. IT departments would face the growing demand of end user BA needs and develop software services that will help faster and better business decision making.