What do predictive analytics, real-time monitoring, in-memory processing, and SaaS have in common? According Doug Henschen at InformationWeek, they’re all a part of next-generation business intelligence.
Next-generation BI has arrived, and three major factors are driving it: the spread of predictive analytics, more real-time performance monitoring, and much faster analysis, thanks to in-memory BI. A fourth factor, software as a service, promises to further alter the BI market by helping companies get these next-generation systems running more quickly.
Interesting article with a number of good points. What’s your take?
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Excellent overview article and I definitely agree with the statement that
“most companies also need to couple low-latency insight with automated response”.
This is where the real-time execution of predictive analytics as part of any operational system will provide the greatest value. With data mining standards maturing and cloud computing / SaaS options emerging, we need a new breed of solutions which embrace predictive decision models as core asset of a broader enterprise decision management strategy.
For a perspective, please see the recent panel discussion on open standards and cloud computing at the leading data mining conference KDD 2009.
http://adapasupport.zementis.com/2009/07/kdd-2009-panel-report-open-standards.html
We at Zementis ( http://www.zementis.com ) have combined a fully standards-based, real-time decision engine with SaaS on the Amazon EC2 cloud to deliver operational predictive analytics without the complexity or high cost typically associated with such projects.
Real-time Predictive Analytics + In-memory Analysis
Now how about combining real-time predictive analytics processing with in-memory analysis? For that, we were selected by SAP as a winner in the SAP BusinessObjects Explorer contest, linking our ADAPA real-time predictive analytics scoring engine on the Amazon EC2 cloud to the BusinesObjects Explorer running on the SAP cloud.
http://adapasupport.zementis.com/2009/05/sap-selects-zementis-as-winner-in-sap.html
To summarize the next step for BI with a quote from Goethe:
“It is not enough to have knowledge, one must also apply it.”