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Business Intelligence Insights

Analytics Everywhere

| less than a minute read

Crafting a Business Intelligence Strategy

Valuable guidance here from Dr. Barry Devlin. Distinguishes between use cases where algorithms are effective and those where the contextual and emotive aspects limit an algorithm's value.

The five considerations for future BI strategy should be part of any planning. We both agree that the days of standalone BI are numbered.

BI is an integral part of the enterprise applications of any organisation and must be embedded in such

The future strategy for BI in tactical and strategic decision making therefore includes extensive use of algorithms. In the earlier stages, this will be less obvious than in the case of operational BI. However, the impact may be just as great when decision makers, especially at the executive level, augment their intuition (or lack thereof) with powerful algorithms that offer novel insights and unexpected correlations. Consider, for example, the advantages accruing to one executive in a negotiation when an emotion recognition algorithm informs her that her counterpart is lying. It will be in subtle, but powerful, ways like this that future BI strategy will begin to appear in tactical and strategic decision making support.

Tags

bi, analytics, strategy, iot, big data, algorithms