5 Steps on the Journey to Modern BI

By Darryl K. Taft  |  Posted 2016-07-07

Organizations are challenged with markets that move faster than ever before and business models that are constantly evolving. Data and analytics can be the ultimate weapon to gain competitive advantage and develop new revenue sources, get closer to customers, increase efficiency and lower operating costs. However, to realize these benefits, organizations need to be able to ask a new generation of questions that go deeper into business problems. While traditional business intelligence (BI) platforms can answer a "what happened" question, modern BI platforms can answer questions such as "how did this happen" and "why did this happen," as well as identify deeper patterns. Businesses can then feed these insights into business operations to identify new opportunities and take swift action. This slide show—based on information from Stefan Groschupf, CEO at big data analytics provider Datameer—examines five characteristics organizations should consider on the move toward a modern BI platform.


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