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May 12, 2006
Understanding and Implementing Real-Time Analytics
Michael Gonzalez and I recently gave a presentation on Understanding and Implementing Real-Time Analytics. Michael started off by discussing some trends he sees that lead to a need for real-time analytics:
- Drive to operational transformation using insight gained from operations
- A focus on business performance management "BI with a purpose"
- The move to a real-time enterprise
He then went on to describe some of the issues in a typical BI stack of moving to real-time and how business rules management systems can help in this.
He had a great graphic that showed how there is a loop from descriptive analysis to predictive to prescriptive that enables operational transformation (shown here).
EDM is designed to be a way to deliver this kind of operational transformation by focusing on the business decisions taken by enterprises and on using business rules and analytics to improve them.
Enjoy the webinar.
Posted by James Taylor at May 12, 2006 10:14 AM
