Future BI solutions will move away from today’s static and report centric models to agile, intuitive and interactive solutions. They will allow users to explore information freely rather than confining them to a predefined path of inquiry.
Bangalore, India (PRWEB) March 30, 2011
Manthan Systems, a leading player in Retail Business Intelligence, released a special report on the future of Business Intelligence titled 'Can Watson Change Business Intelligence?', where the company spokesperson and CEO, Mr Atul Jalan explains how the lines between Business Intelligence and Artificial Intelligence are blurring fast.
The digital data explosion of the last few years and a generation of business users conditioned to ‘instant search’ are triggering an evolutionary new phase in Business Intelligence. With capabilities that simulate intelligent processes like learning and reasoning, futuristic Business Intelligence solutions are closing the gap between BI and AI - Artificial Intelligence. Future BI brings analytics closer to the natural human processes of inquiry. Solutions of the future aim to engage with users matching successive queries with appropriate answers, guiding them along an iterative ‘path of inquiry’ until final and conclusive decisions are reached.
“Future BI solutions will move away from today’s static and report centric models to agile, intuitive and interactive solutions. They will allow users to explore information freely rather than confining them to a predefined path of inquiry,” says Atul Jalan CEO of Manthan.
This vision of future BI is best epitomized by Watson – the futuristic IBM computer that won the popular US game show ‘jeopardy!’ against two of the game’s best human contestants to date. Watson’s celebrated win was marked by an impressive display of knowledge, language comprehension skills, search capabilities and analytical skills by the machine – giving right answers to complex questions on a range of topics from arts and science to history and literature, within milliseconds.
Search-driven Business Intelligence, Language Interpretation, Mobile Analytics, Unstructure Data Analytics, Predictive and Forecasting technologies, Collaborative BI, In-Memory Processing etc, are some of the new technologies and development trends that will shape Business Intelligence in future. Unstructured data analytics enables text, web pages, voice notes, videos, tags and social media content to be brought under the analytics scanner. There will also be widespread democratization of BI as analytics solutions gain enterprise-wide usage. A new breed of smart futuristic solutions will be accessible to all levels in an organization from top management down to ‘line of business’ users through automated and self service delivery models.
For additional information on some of the path breaking changes impacting Business Intelligence, read the full report at http://thoughts.manthansystems.com/.
About Manthan Systems
Manthan Systems produces cutting edge analytic solutions for global retail and CPG organizations. Manthan's award winning products span a wide range of retail segments and formats, having transformed decision making for some of the biggest names in retail across the globe. For more information, visit http://www.manthansystems.com.
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