One sure way to safeguard a lucrative career in Technology field is 'looking
beyond the cube'. Today's technology is transient and high-speed and people who
are less reluctant to the changing dynamics around are less likely to forward
with higher price tags.
Leading BI vendors are providing their own BI portals which usually provide
reporting, OLAP and data mining through a unified Web-based interface. These
portals should not be viewed, however, as enterprise information portals (EIPs).
Vendors such as Computer Associates, Oracle, IBM, Microsoft and Plumtree provide
EIPs that go beyond BI and incorporate other unstructured data such as e-mail,
news feeds and other multimedia content. Often these software tools also provide
collaborative functionality. While this market for broader EIPs is emerging,
none of the leading best-of-breed BI vendors currently seek to attain a place in
this market. They do, however, provide connectors to the most popular EIPs with
the realization that BI is one of the key components in overall enterprise
information management.
These trends in the market point to a continued adoption of BI concepts and the
associated growth in BI software tools. There are signs that BI is taking on an
increasingly strategic role as organizations continue to be inundated with
increasingly large data volumes. Operating on "gut-feel" will become
unacceptable as organizations look to their software investments to move beyond
transaction processing and into analysis.
Business intelligence (BI) as a concept of management by quantitative data
analysis has been gaining steady popularity. Managers from all levels of
organizations often struggle to gain access to quantifiable data which empowers
them to perform both strategic and tactical functions. Whether encumbered by
latency in receiving reports, lack of relevant data or inability to analyze the
data without deep information technology (IT) involvement, decision-makers are
increasingly turning to BI software to solve these issues. From an IT
perspective, BI software serves as the enabling technology in providing all
knowledge-workers with timely access to relevant data for reporting and
analysis.
Information fuels the new economy and plays an essential role in developing and
maintaining a sustainable competitive advantage. The demands on a business today
- increased global competition, lower barriers to entry, lower profit margins -
are creating an ever-increasing need for access to data. The ability to get the
right information to the right people at the right time is, therefore, more
important than ever; however, the sheer volume of available data makes such a
proposition more challenging than ever. Organizations that are the most
successful at collecting, evaluating and applying information are consistently
the leaders in their respective industries. The ability to act faster and more
effectively than the competition can be the defining advantage in today’s
marketplace and the means for successfully managing customer relationships in
the long run.
As companies look to BI solutions in order to address these challenges, business
intelligence software has become a multibillion dollar market. Business
intelligence is offering tremendous promise. In view of all this, we shall
encourage our employees and consultants to develop an appetite for new learning,
nurture social networking skills calcualte the risks while shifting their career
when opportunities knock the door. I believe this in the only recipe for
success.
With best regards,
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