Anda di halaman 1dari 7

Business intelligence (BI) A factor present in every successful project and absent in every unsuccessful project is sufficient attention

to requirements.

Business intelligence (BI) is defined as the ability for an organization to take all its data and convert them into knowledge. This produces large amounts of information that can lead to the development of new opportunities. Identifying these opportunities, and implementing an effective strategy, can provide a competitive market advantage and long-term stability within the organization's industry. BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics. The goal of modern business intelligence deployments is to support better business decision-making. Thus a BI system can be called a decision support system (DSS).[2] Although the term business intelligence is sometimes used as a synonym for competitive intelligence (because they both support decision making), BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors The need for for business intelligence is growing because the complexity in business is increasing.

The goal of modern business intelligence deployments is to support better business decision-making. Thus a BI system can be called a decision support system (DSS).[2] Although the term business intelligence is sometimes used as a synonym for competitive intelligence (because they both support decision making), BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors

Business intelligence tools


Business intelligence tools are a type of application software designed to retrieve, analyze and report data. The tools generally read data that have been previously stored, often, though not necessarily, in a data warehouse or data mart. Some Business intelligence tools are as follows

SAS SPSS R Cognos SAP NetWeaver Business Intelligence QlikView Informatica

Business Analyst Business Analysis is the set of tasks, knowledge and techniques required to identify business needs and determine solutions to business problems.

Business analysis is the discipline of identifying business needs and determining solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement, organizational change or strategic planning and policy development. The person who carries out this task is called a business analyst or BA. Business analysts who work solely on developing software systems may be called IT business analysts, technical business analysts, online business analysts, business systems analysts, or systems analysts. The Business Analyst role will be one of the most important roles in IT this year. It is a position that plays a critical role in deciphering the future for many businesses. To date the role has not been widely recognized as a profession in its own right with other players such as finance managers, software architects and project managers being seen as taking the lead. A Business Analyst acts as a bridge between business ideas and business capabilities; creating and scoping valuable changes and optimizations to business processes. Typically driven by conducting performance capability assessments, or feasibility studies, the Business Analyst regularly appraises

business performance. Such reviews appraise capabilities ranging from those visible to the customer through to those embedded deep in the manufacturing process. The career path of business analyst is shown in figure below.

Trends in Business Analysis The IT business analysis field has grown significantly over the last decade Environments are more complex, and need more specialisation The focus of IT departments has changed Through 2014, the expectation is job growth of more than 27% Realization that projects whether IT or non-IT - need a business analyst The majority of BAs fall into position without training Employers are giving preference to BAs with training/certification

Scope of Business intelligence/Business Analyst

World is going through a period of dramatic economic growth, and Teradata over the past seven years has been happy to be part of it. We are very optimistic about India, and see a huge market for EDW and business intelligence. The market for providing high-impact business solutions is still very nascent and grossly under-exploited. Let me explain. In a booming economy, it is very easy to make money. A telecom company for example can acquire license, set up towers, build a brand and start its business. Along with the economy, the business would also grow. When several businesses grow, domestic competition increases, consolidation occurs, foreign players enter the market etc. One cannot then rely purely on the growth of the market and would naturally turn to other competitive strategies. In such a scenario, it is business intelligence that offers value over and above the natural growth rate, and this is where we see a huge untapped market in India. Competition is the biggest driver. In a competitive market, aggressive pricing alone does not help fully. Take the case of telecom companies in India. With little scope to lower them further, it is business intelligence and not pricing that will govern the competitive advantage of companies.

The scope of business analyst is as dhown in figure below.

Market Potential The solution produced from business intelligence can make business have competitive advantage. This depends on the economy of the market and quality of data. The potential in market gives the right advantage to the business. Growth in the countrys GDP over the past years and a strong increase in trading activities within key industry verticals have resulted in the expansion pf business which in turn has directly amplified the customer base tremendously in India. This increase in customer base and an urgency to cater to the massive amount of data is stimulating the need for business intelligence and analytical tools market in India. Currently, the market is valued at INR 7.9 bn and is expected to attain a CAGR of 22% to reach INR 17.5 bn by 2015. Key industry verticals like Retail and the Healthcare will further intensify the demand for BI tools and vendors in the market will enjoy ample opportunity to capitalize. Market Overview section lists the major BI adopting industry verticals and their primary reasons of adoption. The section also depicts the present and future market size figures of BI in India, thereby

giving a clear picture of the current and future market scenario. It also illustrates the share of BI users in the SMB market space. It talks about the key areas of BI implementation amongst SMBs and highlights the breakup between traditional and SaaS based BI. The report also features a section on the Cloud Based BI or on-demand BI, which talks about the various crucial aspects with relevance to BI implementation such as evaluation of appropriate vendors, deployment strategy, usage and the benefits of on-demand BI. It is followed by the Popular Features section which lists and elaborates on the functionality of the most popular features within the Indian BI market. Primarily, the features have been derived and sorted after an in-depth research on the most widely used BI tools by organizations across industries in India.