| 5 trends we have identified in the BI and Data | | | | Because of the amount of media coverage of |
| Visualization world this year are: | | | | fraudulent activities, the ability to detect fraud and |
| 1. Growth of the Data Warehousing Market | | | | to maintain a secure environment is an area |
| Recently we've seen a trend toward consolidation | | | | constantly at the forefront of IT. Organizations |
| and building a centralized enterprise data | | | | are required to make sure that information within |
| warehouse. As a result, a massive modernization | | | | the firewall is not left at risk. So as threats |
| drive intended to improve overall decision-making | | | | against IT security have continued to augment, |
| is now taking place. Within the past year, data | | | | organizations have been more committed to |
| warehousing solutions have continued to become | | | | tightly monitoring their environments and the |
| more and more popular because of their high | | | | information within them. Providers have done a |
| levels of performance, ability to incorporate | | | | good job ensuring security - however, because of |
| analytics, and their integration within larger BI | | | | increased risk, organizations and vendors alike will |
| platforms. As the costs of space and processing | | | | focus more on maintaining high level security |
| speed become lower, vendors can give | | | | within their information centers, especially due to |
| organizations more powerful offerings but with | | | | all the new forms of data being integrated into |
| lower price tags. This has helped to expand the | | | | analytics platforms. |
| use of data warehouses within organizations, both | | | | 5. Advanced Data Visualizations |
| by the number of companies adopting data | | | | Data visualization offerings keep expanding, and |
| warehouses, and by the types of applications that | | | | the inclusion of geo-spatial analysis has helped |
| can be used. | | | | bring analytics to the forefront of visualization. For |
| 2. Social Media for BI | | | | organizations looking at product, geographical or |
| Providers are slowly integrating social networking | | | | customer data, the ability to identify trends using |
| functions into their solutions. Customers are | | | | maps has helped them to recognize trends a lot |
| beginning to expect rich interactive experiences | | | | faster. Although this technology has been around |
| that mimic their internet use, and BI can match | | | | for a while and is not « new » as |
| these expectations if it draws on the information | | | | such, it is only recently that companies have |
| from interactions that occur in social computing | | | | started to integrate this type of functionality on a |
| environments. Due to the ability to create | | | | regular basis within their overall dashboard use. |
| powerful interactions and improve ease of use, | | | | The pressure is on! |
| more providers are focusing on developments | | | | Within the BI space, constant advancements in |
| that mimic social media and Web 2.0 interactions. | | | | technology means trends are always shifting. |
| In doing so, the role of BI has become | | | | Depending upon economic and market factors, |
| increasingly popular and more widely applied within | | | | organizations may not adopt improved offerings |
| organizations because of the assumed ease of | | | | from developers. On the other hand, early |
| use. | | | | adopters often look to BI for inspiration on ways |
| 3. Increased Use of Different Data Sources | | | | in which they can help their business overtake the |
| The reality of today is that in order to stay | | | | competition. Overall, 2009 saw many releases |
| ahead of competitors, companies are required to | | | | within back-end databases and front-end |
| integrate various information sources to get | | | | visualizations. On top of this, there has been |
| additional value from their data and a full | | | | serious demands for low-cost solutions with quick |
| operational view of the organization. Vendors are | | | | implementation times, and solution providers are |
| now developing business-focused applications that | | | | under pressure to improve upon their current |
| take these requirements into account and offer | | | | products throughout the rest of 2010. Here in |
| customers a ready-made solution that targets | | | | Montpellier, we have been continuously updating |
| business issues being faced by companies within | | | | Bime to bring you all of these things, as well as |
| different markets. | | | | top-of-the-range features, simplicity of use and a |
| 4. Renewed Focus on Fraud Detection and | | | | beautiful, clean interface. |
| Security | | | | |