Business intelligence (BI) includes methods and technologies that are used to convert non-curated raw data into meaningful data for business purposes. One big key words in BI is “Big Data” associated with the hope that managing a huge amounts of data will help classifying information, identifying pattern and discovering emerging business opportunities. Continue reading “Big Data Analytic Trends in Business Intelligence” »
What is needed?
Vendors need to provide more elegant solutions to maintain their ability to compete on the market.
It becomes ever more important to implement inter-operable and cross-platform adaptable solutions that satisfy clients and enable service and IT departments to react faster and more efficient to client needs.
Agile software and IT architectural practices need to reshape how we think about our enterprise technology, about implementing change and advancing business competition. Continue reading “Enterprise IT Trends – Making Growth Flexible” »
According to a recent IDC report the expected value of the U.S. cloud market will Continue reading “Cloud Services – Golden Times Still Ahead?” »
Each day, the world creates on ocean of 2.500,000,000,000,000,000 bytes (2.5 quintillion) of new data.
Managing this ocean of data is challenging for businesses.
A study form Oracle from July 2012 states that 93% of surveyed executives in Northern America believe that they are losing revenue prospects by not gaining sufficient overview about all available information that they need to understand their business field and market flows.
There is continuous development of software that allows for better collecting, filtering and sorting of information. Improved visualization techniques make the complex data easier to be understood—turning data into information and information into insight—it can offer significant competitive advantages.
Decades ago, most business was conducted face-to-face and most companies got to know their customers in a very individual way. Today’s business Continue reading “Big Data – Big Difference in Marketing” »
More and more enterprises use Apache Hadoop for business analytics.
Apache Hadoop provides a platform to process Big Data that are generated on a daily basis. It is an open-source software framework for data-intensive distributed application in the cloud. Prominent users of Hadoop include Google, Facebook, IBM, Akamai, ebay or Amazon.
Hadoop enables to interact with huge amount of date on multiple of computation-independent computers. Continue reading “Hadoop Distributions: Needed Change to Improve Big Scale Business Software” »
Today’s most successful management teams know that there is the continuous need to measure up with the unremitting changes and increasing demands in business.
Being successful requires the development of concurrent business marketing strategies to make the best strategic decisions and to understand business metrics based on the most recent, real-time analyses of marketing channels.
Business metrics can be defined as the units of measurement that provides a way to empirically quantify a process. The most basic business metrics that represent the end goals of a company are “Profit/(Loss)”, “Growth” and “Cash Flow” but also may include the amount of products finished per hour, percentage of defects during a process period, hours required to deliver the product, employees needed to finish the product on time etc.
Good business metrics must be actionable and drive success.
Business metrics management is vital to understand how well a business is progressing toward its objectives. Using business process models, analysts describe the actions involved in a business and how they relate to the needed funds to accomplish the process goal(s). They assess the current state of a business and establish action plans to adapt and improve the business outcomes.
Measuring the business performance modeling is complex and most of the time it is critical to use the right software applications to understand what data need to be included in the metrics and what analysis strategies are best for best outcome.
Proper business metrics allow to:
- Understand the main processes of the present business
- Enhance responsiveness of the business to partner organization and customers/clients
- Increase profitability
- Increase the Return on Investment (ROI)
- Improve the present business structure and operations
- Provide the knowledge to create the proper data systems for the business
- Assist the alignment of business terms and technical outline that IT development needs to produce better metrics
- Present opportunities to innovate the business strategies for increase success
- Recognize outsourcing opportunities
- Provide guidance for early capitalization on new/additional business opportunities
Furthermore, business metrics may help to encourage the management team, executive personnel but also employees to focus on the big picture of the company, to differentiate important from trivial tasks and to place greater weight on strategy and organizational results to improve the business outcome.
Competition is progressively increasing in almost every market and information is becoming one of the most valuable business assets and for today’s businesses to function efficiently, information systems need to have access to correct data in real-time. Continue reading “Information as a Service – Setting your Business Apart” »
Mobile applications are found almost everywhere: games, social networking, entertainment, information distribution, data management, services, business uses and more.
Smartphones are becoming integral parts of business communication. Healthcare seeks mobile applications to improve business-to-client (B2B) relationships providing a direct-to-consumer interface (mHealth). Continue reading “Mobile Application Challenges” »
More and more enterprises seek the help of third-parties to host business solutions rather than sourcing hardware and software themselves. The Software as a Service (SaaS) model allows those enterprises to get more efficient to achieve business agility. SaaS is reused across multiple channels, markets and customer segments. Continue reading “Business as a Service (BaaS) – The New Cloud Management Concept” »
There are two big trends in business computing: web-based software and applications that run on hand-held mobile devices. With the combination of both systems, new business strategies are born. Continue reading “Mobile SaaS” »