The development trend of business intelligence

Compared with DSS and EIS systems, business intelligence has a better development prospect. In recent years, the business intelligence market has continued to grow. IDC predicts that by 2005, the BI market will reach11800 million USD, with an average annual growth rate of 27% (information access tool market forecast and analysis: 200 1-2005, IDC # 24779, 200 1). With the introduction of enterprise CRM, ERP, SCM and other application systems, enterprises need to pay more and more attention to the effective use of enterprise data to support accurate and rapid decision-making, which will lead to a huge demand for business intelligence.

The development trend of business intelligence can be summarized as follows:

The function can be configured and flexible.

The scope of BI system extends from the specific users in the service department to all users serving the whole enterprise. At the same time, due to the differences of enterprise users' rights and needs, BI system provides a variety of targeted functions. From simple data acquisition to rich interaction, analysis and utilization of decision information and knowledge by using WEB, local area network and wide area network.

The solution is more open, extensible and customizable, and provides a customized interface while ensuring the core technology.

According to the unique needs of different enterprises, BI system not only provides core technology, but also personalizes the system, that is, it adds its own code and solutions on the basis of the original scheme to enhance the customized interface and expansion characteristics; It can provide customized tools based on business intelligence platform for enterprises, making the system more flexible and applicable.

From personal business intelligence to embedded business intelligence.

This is a major trend in the application of business intelligence, that is, embedding business intelligence components in the existing application systems of enterprises, such as financial, human resources, sales and other systems, so that the general transaction processing system has the characteristics of business intelligence. It is not a simple matter to consider one component of the BI system instead of the whole BI system. For example, when OLAP technology is applied to an application system, a relatively complete business intelligence development process such as enterprise problem analysis, scheme design, prototype system development and system application is essential.

Transformation from traditional function to enhanced function

The enhanced business intelligence function is compared with the early business intelligence function of using SQL tools to realize queries. In addition to the traditional BI system functions, most BI systems have already realized the functions of the data analysis layer in Figure 2 in the pre-application. Data mining and enterprise modeling are the applications that BI system should strengthen to improve system performance.

The market is growing strongly.

The business intelligence software market has developed rapidly in recent years. In 2000, even in a year of economic depression, the BI software market still increased by 22% to reach $3.6 billion. IDC predicts that by 2005, this market will grow at an average annual rate of 27%, reaching11800 million USD. In this market, end-user queries, reports and OLAP tools account for the absolute mainstream, reaching 65%. Users want to explore their data assets from their enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and legacy systems, so the demand for BI software is increasing. These requirements show that enterprises are gradually getting rid of relying solely on software to handle daily affairs, but clearly want to use software to help themselves and make better and faster decisions based on enterprise data.

In addition, the increasing demand for analytical applications will continue to stimulate the demand for business intelligence software. These softwares are mainly used to make complex predictions and get relatively direct execution reports, and also include customer classification applications based on multidimensional analysis tools.

Business intelligence solutions are nearing completion.

At the same time that domestic enterprise users are increasingly demanding localized solutions based on the world's advanced business intelligence technology, IBM (China) recently released a large-scale IBM business intelligence solution in Beijing. The wonderful demonstrations by technical experts at home and abroad vividly demonstrated the advanced technology, powerful functions and perfect service support of IBM business intelligence solutions, and painted a beautiful blueprint for the broad application prospects of business intelligence applications based on the new generation of IBM data warehouse and intelligent mining in China.

As the first complete and localized business intelligence solution to enter the China market, the launch of IBM business intelligence solution indicates that the conditions for domestic users to use business intelligence technology to carry out e-commerce are more mature, and domestic enterprises can better understand customers, manage customer relationship more effectively and gain more favorable competitive advantages with the help of the world's most advanced information technology.

The so-called BusinessIntelligent is the process of transforming the existing data in the enterprise into knowledge. Enterprises get a lot of data while doing business. Statistics from abroad show that the information of global enterprises doubles every 1.5 years on average, and only 7% of all information data is used. With the advent of the era of knowledge economy, the ability to record customer and market data and use information has become a key factor to determine the survival of enterprises. More and more domestic and foreign enterprises reorganize their enterprises according to information flow and data analysis technology, and the traditional data recording method is undoubtedly replaced by more advanced business intelligence technology. According to PaloAlto Management Group's forecast, by 200 1 year, the global business intelligence market will reach 70 billion dollars. With the help of business intelligence solutions, enterprise users can fully tap the existing data resources, capture information, analyze information, exchange information, discover many data relationships that they didn't know or recognized in the past, and help enterprise managers make better business decisions, such as what markets to explore, which customers to attract, which products to promote, and so on. Business intelligence can also help enterprises reduce operating costs through financial analysis, risk management, fraud analysis, sales analysis and other processes, so as to obtain higher operating benefits.

According to the survey results of IDC, an international authoritative company, the average return on investment in business intelligence is as high as 400% within 2.3 years. Data warehouse is the foundation of business intelligence solution. According to a market analysis from MetaGroup in the United States, in the next three years, 92% of enterprises will use data warehouses. By the year 2000, the number of users of global data warehouses will reach100000, and the return on investment brought by database access to the Internet and intranet will reach 68%.