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March 14, 2008

Asia remains lucrative BI market

Recently read this article on "Asia remains lucrative BI market".It was clearly indicated by Gartner that BI is continued to be growing sector in 2008 and these predictions will really create a healthy market for BI in coming years..

"As growth of the global business intelligence (BI) software market starts to slow, the Asia-Pacific region is still set to grow healthily, says Gartner.

Fueled by "greenfield" opportunities and fast economic and structural developments, the region's growth is expected to be higher than that of Europe and North America, said the analyst firm in a statement.

Worldwide growth rates, by contrast, are slowing at a CAGR of 8.6 percent to US$7 billion in 2011.

Gartner predicts BI software revenue for the Asia-Pacific region to reach US$399 million this year, and grow at a compound annual growth rate (CAGR) of 15.5 percent to hit US$577.6 million in 2011.

In the latest Gartner Executive Programs survey, some 1,500 Chief information officers ranked BI top on their list of technology priorities for the third year running.

According to Gartner, CIOs feel a proper BI strategy is the foundation to upgrade areas of the business such as customer service and legacy applications.

Bhavish Sood, Gartner senior research analyst said: "The days of strong double-digit growth in the global BI market are over, as the industry enters a state of flux following vendor consolidation, increasing maturity and price erosion.

"However, BI remains critical for businesses as it turns information into an asset for insight and decision making, especially in high-growth markets in Asia," added Sood.

Furthermore, consolidation in the BI market through major acquisitions such as IBM and Cognos, Oracle and Hyperion and SAP and Business Objects is expected to drive increased usage from the large vendors.

Sood said new vendors will try to differentiate by introducing newer technology and products to fill gaps in the larger vendors' product lines. Examples of which may be predictive modeling, enterprise search, and interactive visualization techniques.

Gartner advises customers of recently-acquired players to wait for proper product roadmaps from the vendors, to avoid investing in overlapping products".

Apart from the Major player like Business Objects ,Cognos, Microsoft,oracle,sas and microstrategy which competes in the global BI Market and also in Asian Market, one should not forget about the growing BI software vendor from India i.e MAIA Intelligence which has its own flagship product called 1key.

Recently they came up with an idea of license replacement program enables customers of Business Objects and Cognos to trade in their existing BI licenses for MAIAs 1KEY BI licenses.so it proves BI will be driven by new vendors also.....Check out more @ http://www.maia-intelligence.com/Business-Objects-Cognos.html

Posted by Rajasekar at 12:00 AM | Comments (0)

February 25, 2008

SAAS is Picking up in India

Research Firms like gartner and many other has predicted SAAS [Software as a service] is going to be the next generation application development.It was first Salesforce.com gave away the product on subscription basis [OnDemand CRM] and thus it capture the most market share next to siebel CRM.

Recently two product got into the SAAS Market

1. MYFOTOBIZ
2. Ramco OnDemand ERP

MYFOTOBIZ

MyFotoBiz is a Professional Photographers Online Studio Management software. This is designed to help the professional Photographers to manage their business in ways that could not be accomplished alone.

MyFotoBiz.com is a business software to watch out your business. It is one website where all the actions from handling contacts, scheduling appointment, managing huge volume of theirs and clients photographs & orders are facilitated. It acts as an office on the web. Its a very simple software with rich touch of features.

MyFotoBiz

Best of all, it offer as a Software as a Service SaaS model, which means no downloads, no installations. It runs on Windows, Mac, Linux if you have a browser and you have the software. What this assures is that your version of the software is always current and you will have access to the latest and the greatest.

It is product developed by Jeevan Technologies

More info @ http://www.myfotobiz.com/MFB/Default.aspx

Ramco OnDemand ERP

Ramco OnDemand ERP is the first full-fledged ERP catering to the needs of growing business. A world-class software, delivered as a service, this solution helps streamline and integrate your business processes. As easy to use as e-mail, it requires minimal training and can be accessed from anywhere.For an affordable subscription, Ramco takes care of all your infrastructure, maintenance and support needs.
Ramco

Ramco OnDemand ERP is configured to your business requirements and typically takes less than a week to deploy. As your business grows, the solution can be scaled up to accommodate multiple locations, currencies and business units. The solution is evergreen and stays tuned to your business all the time.

It integrates multiple functions and systems into one solution and gives you total visibility and control of operations. In the process, it helps you focus on growing your business.

They have implemented the OnDemand ERP to Parry enterprises, Chennai(Part of Murugappa Group) and Hindustan Motors - RTV Division, Indore

More info @ http://www.ramco.com/erpondemand/index.html

Source from my blog

Posted by Rajasekar at 4:15 AM | Comments (4)

February 14, 2008

Predictive Analytics-A future Insight of Data Analysis

Predictive analytics encompasses a variety of techniques from statistics and data mining that analyze current and historical data to make predictions about future events.Such predictions rarely take the form of absolute statements, and are more likely to be expressed as values that correspond to the odds of a particular event or behavior taking place in the future.

In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities. Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision making for candidate transactions.

It is been used with the applications involving CRM,Cross-Selling,Direct marketing ,Collection analytics not only that even helps to detect Fraud detection in credit card Apps.

The statistical techniques used in Predictive Analytics are as follows
� Regression Techniques
� Linear Regression Model
� Discrete choice models
� Logistic regression
� Time series models

Apart from these Statistical Techniques there are some Machine learning techniques are used such as Neural Networks and k-nearest neighbours
The tool used to help with the execution of predictive analytics are SAS, S-Plus, SPSS and Stata and For machine learning/data mining type of applications, KnowledgeSEEKER, KnowledgeSTUDIO, Enterprise Miner, GeneXproTools, Clementine, KXEN Analytic Framework, InforSense
are some of the popularly used options.

WEKA is a freely available open-source collection of machine learning methods for pattern classification, regression, clustering, and some types of meta-learning, which can be used for predictive analytics.

Recently Business Objects has announced a partnership with SPSS , a worldwide provider of predictive analytics software, announced the companies have entered into an original equipment manufacturer agreement in which Business Objects will offer its customers the ability to use SPSS predictive analytics data mining technology as part of the market-leading Business Objects XI platform.

Users of Business Objects XI with predictive analytics data mining technology will be able to leverage business predictions to make more informed decisions that can help generate revenue, control expenses, and mitigate risk.

Today SAS, the leader in business intelligence, has significantly enhanced its award-wining SAS Enterprise Miner, SAS Text Miner, and SAS Forecast Server software, bringing predictive analytics to their highest level yet.

The newest release of SAS Enterprise Miner improves productivity through added interactive advanced visualization and new analytics. Fifteen new analytical tools improve the resulting predictive models, which can mean significant savings for customers with proactive marketing departments such as in retail or banking.

With innovative new modeling algorithms, including gradient boosting, partial least squares and support vector machines, SAS Enterprise Miner users can build more stable and more accurate models and thus make better decisions faster and with more confidence.

Source:Wikipedia and SAS,Business Objects

Input from my blog @ chennaibi

Posted by Rajasekar at 4:30 AM | Comments (27)

December 24, 2007

Business Intelligence @ 2K8

Business Intelligence is gaining more attraction and got more predictions...

This is what the Industry Experts speaks about Business Intelligence @ 2K8 .

First it was Ken Rudin, CEO of LucidEra

1.SaaS BI will gain increased market acceptance
2.Innovation will be led by newer vendors.
3.There will be a shift away from tools towards prebuilt analytic applications.
4.Applications that integrate data and improve processes across transactional systems will
drive the next wave of SaaS
5.A new breed of channel partners will emerge.

Next is by Seth Grimes [analytics strategist] Predicted

1.Ever increasing attention to data quality.
2.BI integration of streaming and text-extracted data.
3.Location intelligence.
4.Collaborative analytics.
5.Advances in natural-language query and question-answering capabilities, which will all the
same remain far from mature.
6.The start of attention to data provenance, reliability, and uncertainty; for instance, see
Jennifer Widom's Trio work.

Above this the prediction from Diann Daniel of CIO Magazine

1.IT-business teamwork will be crucial.
2.Operational business intelligence will lead the way.
3.Open source and SaaS tools will become more attractive.
4.Structured and unstructured data will be needed for BI.
5.BI competency centers will increase in importance
6.The Wild Card: Effects of BI Vendor Consolidation

From of all these prediction we can see that
1.SAAS BI will get more insight in the near future
2.Open source will have more market share (I totally agree with this..)

When i came to know about unstructed data ,once I used Talend (An opensource ETL) where we can use the unstructed data [information from RSS,Wikis,comments] to built a useful information.Using Talend it is easy to extract the RSS and load into any text file or db...

So lets us wait and see what's the new innovation will rule BI @ 2K8 and how BI2.0 AND BI3.0 Will have his focus..

Labels: BI 2008, BI2.0, BI3.0, cio magazine, Diann Daniel, Lucid Era, SAAS BI, Seth Grimes, Talend

Source From my Blog

Posted by Rajasekar at 8:15 AM | Comments (0)

December 10, 2007

What you need to be a Business Intelligence Consultant ??

I read this article recently here the author Reinald Bormann from Harvey jones system gives and insight about the BI Consultant

Most recruiters daily face the sad reality that there is a serious skills shortage in the local IT industry.

The business intelligence (BI) market is not exempt. With BI going from strength to strength since 2003, market-savvy IT professionals are trying to enter this lucrative market, with many cross-skilling on multiple BI platforms or products.

One of the changes afoot in the market is that companies no longer simply deliver a BI solution and then leave clients to their own devices.more often than not, client/consultant relationships extend well beyond delivering the initial project.

Successful BI consultants must be well-rounded people with solid project experience, preferably across various market sectors.

Successful BI consultants should excel in the following four areas:

* Technical ability
* Interpersonal skills
* Project experience and
* Market knowledge

Technical ability

BI projects are being completed quicker today than they were three years ago, with the result that top BI consultants can work on multiple projects each year.

Properly applying the latest technology should always be a BI consultant's highest priority and, with so many technical components to these solutions, specialising in at least one component is beneficial.

While core skills allow consultants to work on projects other than BI, they should always strive to improve their abilities on other components.

Interpersonal skills

All projects involve interaction between BI consultants, fellow team members and clients. Interpersonal communication is a vital skill that each BI consultant must master.

The wealth of knowledge contained in BI consultants' heads is not easily transferred. Effective use of communication skills allows them to share knowledge across the team.

Successful BI consultants also act as mentors and guide internal IT teams through the uncharted waters of their first BI projects. It is BI consultants' role to point clients toward good resources, books and conferences for further education.

Project experience

IT consulting is always evolving. Because project rotation is generally more frequent than in the past, BI consultants must quickly understand new businesses in order to deliver solutions on time and within budget. Getting to grips with unfamiliar businesses is always difficult, but is also very rewarding.

Successful BI consultants leverage their technical capabilities to re-use certain components developed on previous projects.

Essentially, project experience breeds problem identification and reinforces the use of best practice and methodology.

Market knowledge

Just as consultants become comfortable, a new product or toolset emerges, which nine times out of 10 changes the way they deliver. This is not necessarily a bad thing, as successful BI consultants usually make market changes work for them by aligning their technical skills in the new direction.

The release of Microsoft Performance Point Server (PPS) at the end of the year is a very good case in point; most BI organisations are uncertain of the true impact PPS will have in the market, so having skilled BI consultants at hand when the product is released could ensure a significant market share of new BI solutions on PPS.

It should be every BI consultant's goal to be as active as possible in the community. That means attending seminars and Webcasts, taking part in BI forums or using other knowledge-sharing channels.

Conclusion

In today's challenging and demanding BI market, successful BI consultants must be well-rounded and experienced people, able to adapt quickly to various business environments, continuously share knowledge internally and externally, understand future BI market trends and, most importantly, be very sound technically.

If you are lucky enough to have such a person in your employ or can find one, hang on to them tightly with both hands as they are worth their weight in gold.

By Reinald Bormann, BI consultant at Harvey Jones Systems

Source from itweb

Posted by Rajasekar at 7:45 AM | Comments (4)