Working Smarter With BI Platform
Working Smarter With BI Platform
BI systems have been individually funded by different business sponsors
with the specific aim of measuring and analyzing performance in a single
business area.
Sudipta Sen, Managing Director & CEO, SAS Institute (India) Pvt Ltd
Most companies today have made a significant investment in
business intelligence (BI) covering many aspects of business performance. A
typical installation has a mix of several custom built and packaged business
intelligence applications accessing multiple data stores.
Typically, BI systems have been individually funded by
different business sponsors with the specific aim of measuring and analyzing
business performance in a single business area. Examples include campaign
performance analysis, call center sales analysis, cash flow analysis, supplier
performance analysis, etc. Hence, many of these BI systems have been built and
deployed in a fairly autonomous fashion using different development teams and
with little or no co-ordination with other business area BI projects being
developed in parallel.
Furthermore, in large organizations, BI development within
different divisions has often been undertaken using different data integration
and BI tools, and deployed on different relational and multi-dimensional
databases than those in other divisions. So it is fairly common to see a variety
of BI applications across the enterprise deployed on a wide range of
heterogeneous platforms with many different BI tools used to build reports,
cubes, dashboards, scorecards and alerts.
Typically, a number of analytical data stores exist, some
holding substantial amounts of detailed historical data while others contain
summary data that has been integrated and optimized for specific
multi-dimensional analyses.
The problem with this approach is that, overtime, enterprises
have created 'silos' of business intelligence and have accumulated a poorly
integrated set BI tools and complex BI infrastructure technologies. In some
cases there is also a duplication of technologies (such as ETL tools) used by IT
developers in different divisions of the same company. Consequently, BI
development skills are thinly spread across the proliferation of products. The
total cost of ownership (TCO) of such a set-up is often much higher than it
should be.
Perhaps a bigger problem is that while this 'piecemeal'
approach to BI development has resulted in rapid deployment with good return on
investment in single business areas, the lack of co-ordination across projects
has paradoxically resulted in unintentional data inconsistencies – in an
environment that was set up to resolve this very problem. For example,
inconsistent data naming and data definitions exist for the same data used in
multiple BI applications and BI tools. In addition, metadata is fractured and
not integrated such that there is little exploitation of common metadata across
the multiple BI tools used in the same and different BI projects. If the same
data is required in different BI data stores, that data may have been
unintentionally extracted, transformed and integrated differently for different
target BI systems. While these problems were never intended, they nevertheless
represent reality in many organizations and contribute to a lack of quality
information and user uncertainty when using BI to make decisions.
Meanwhile business pressure to leverage trusted consistent
and commonly understood metrics has been mounting. Recent events such as major
corporate failures and regulatory pressures brought about by legislation such as
Basel II and Sarbanes Oxley have re-focused boardroom attention in many major
companies on the problem of corporate governance, consistency and rock solid
business performance management.
Many companies believe that they are not leveraging their
existing BI investment well enough. Currently the vast majority of users of BI
systems are business analyst power-users whose job it is to analyze data,
produce intelligence and surface it to management, who then use that
intelligence to make decisions. Power-user information producers are often not
close enough to front line business operations to know how or when to best
leverage BI in core business processes to deliver maximum business benefit.
As a result, companies should to do three main things with
regards to consolidation of their BI environment:
-
Simplify their complex set-up that has arisen over years
from 'stand-alone' BI developments by considering the use of a common BI
platform of integrated tools from a single supplier for standardization of
all future BI development
-
Integrate their BI and metadata 'silos' by repairing
data naming, definition and data integration inconsistencies across BI
systems.
-
Integrating BI with operational applications to leverage
BI for competitive advantage in every day business operations and all
operational job functions as well as continuing with 'traditional'
analysis and reporting.
A key part of doing this is in understanding the business
benefits of making the leap from a BI environment consisting of best of breed
technologies to one based on a common BI platform from a single supplier.
Lets know take a look at the components of such a BI
platform:
Data Integration & ETL
A platform-independent extraction, transformation and loading
solution that includes a range of data access engines, a multithreaded
transformation engine, integrated metadata management, data cleansing and an
interface for creating and managing the data integration processes.
Intelligent Storage
A dedicated platform designed from the outset to efficiently
disseminate Information for business intelligence and analytic applications.
Business Intelligence
To empower users by giving them fast access to information in
the format they need, when they need it. It provides appropriate interfaces for
various user skill levels and needs, enabling users to generate their own
answers while IT retains control over the quality and consistency of the data.
Analytics
Ranging from simple data exploration to advanced modeling
capabilities. It takes the mystery out of high-end analytical techniques by
coupling them with a wide range of user interfaces and graphics.
Furthermore, the Business Intelligence Platform can be
extended and customized to create new BI applications that reflect unique
business requirements and domain knowledge, using widely accepted development
languages and environments. Unlike "black box" systems, the Enterprise
Intelligence Platform can offer a wealth of pre-built capabilities, yet invites
you to build on that foundation in ways that optimize ROI for your organization.
With BI Platform in place, enterprises will truly be able to get maximum
returns on their BI investments, it will enable every organization to go beyond
BI with their existing reporting functions. Such a platform will deliver the
most important commodity in today's business world – Intelligence - enabling
organization to transform data into a healthier bottomline.
A BioIT alliance for life sciences industry,
courtesy Microsoft
Microsoft Corp. has announced the formation of the BioIT
Alliance, a cross-industry group working to further integrate science and
technology as a first step towards making personalized medicine a reality. The
alliance unites the pharmaceutical, biotechnology, hardware and software
industries to explore new ways to share complex biomedical data and collaborate
among multidisciplinary teams to ultimately speed the pace of drug discovery and
development.
Founding members of the alliance include Accelrys Software
Inc., Affymetrix Inc., Amylin Pharmaceuticals Inc., Applied Biosystems and The
Scripps Research Institute, among others.
The alliance also announced its first project, the
Collaborative Molecular Environment, a data management solution to help make
research more efficient.
"Advances in our understanding of the human genome
promise to revolutionize medicine and open the door to therapies that are
tailored to individuals," said Bill Gates, Chairman and Chief
Software Architect of Microsoft. "By bringing
together people from innovative life sciences organizations that span the
biomedical industry, the BioIT Alliance will play an important role in the
development of solutions that transform today's data into knowledge and
improve the quality of millions of lives."
Life sciences companies have unique technical challenges such
as the need for more comprehensive data integration solutions, better technical
collaboration and stronger knowledge management capabilities. The BioIT Alliance
brings together science and technology leaders to consider innovative ways to
address these challenges and use technology to reduce costs, streamline research
and market their products more effectively.
Founding members of the alliance have already begun to
collaborate on solutions that target common technology problems faced by life
science companies. In addition to making data easier to manage, early efforts of
the alliance are focused on making data easier to share. Two member companies
working on this are Affymetrix and Applied Biosystems.
"Affymetrix is committed to facilitating translational
medicine by providing tools which deliver high information content and data
quality into basic research, clinical research and diagnostic
applications," said Steve Lincoln, Vice President of informatics at
Affymetrix.
"Through the BioIT Alliance, we are working closely with
Microsoft to increase data access across our instrument systems and data
analysis software tools using Ecma Open Office XML," added Ms Catherine M
Burzik, President of Applied Biosystems.
The BioIT Alliance will also provide independent software
vendors (ISVs) with industry knowledge that helps them commercialize informatics
solutions more quickly with less risk.
BioSpectrum Bureau
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