Business intelligence is no longer a luxury; it’s a crucial
component of business today. But what’s changed so much that we need to
modernize now? Nigel Youell, Senior Product Marketing Director for Oracle
Performance Management Applications, interviewed Barry Mostert, a Director in
the Global Business Analytics Product Group for Oracle, about Business
Intelligence modernization, what it’s all about, and why it needs to be
Nigel got right to the heart of the interview by asking
Barry why there was even a need to modernize BI, and what
exactly that means. Barry told our listeners that Business Intelligence is
continually evolving and, like any technology, it’s driven by current industry
trends. Organizations are now looking
to analyze valuable information sourced across vast stores of distributed and
varying data types – commonly called Big Data – to extract important business
information to be competitive, and to keep costs low. Using mobile analytics (consuming analytics on
mobile personal smart devices) is gaining more and more momentum as our culture
begins to see these personal smart devices as part of our everyday lives.
Barry told our listeners
that a recent study demonstrated that about 80% of business users are already
using their smart devices for work. The dropping price of random access memory
(RAM) chip has widely enabled the use of in-memory analytics. There is also a strong push for user
self-service that Gartner is calling the “consumerisation of IT,” which means
users can’t wait for legacy tools and traditional processes to deliver their
information. Users need to be empowered
to take action for themselves. This includes the use of predictive analytics (using historic
information to help foretell the future) to enable business people to make the
best decisions possible. Just like in
life, it’s a case of learning from your past to do better in your future.
In fact, every business is already affected or will be
affected shortly by these trends - hence the need to move to a modern analytic
platform that is capable of addressing these new data types and analytic
methods. In fact, most older BI
platforms were built and implemented before these trends even existed.
Nigel recapped Barry’s full explanation for the listeners
this way. The benefits of modernizing your BI system are:
• High performance analytics with no limits – more
granular data for more accurate decisions without sacrificing performance
• Robust and reliable backend architecture – to
ensure availability on what is a critical business system
• Employees that are empowered to quickly discover
insight and then take action – and have less reliance on IT
• Business activity that matches the corporate
strategy to maintain organizational focus and direction
• Improved user productivity and efficiency –
enabling business users to work smarter
Nigel and Barry discussed the fact that modernizing a
platform appears to be a big undertaking. Nigel asked Barry to break it down
for the listeners and outline the main components of a modern BI platform.
Barry explained that it could be broken down to the 5
pillars of value, or potential gains where users stand to get significant and
• Mobility. A hot new analytic trend affecting users at
all levels in the modern enterprise. Oracle has made significant investments in this area.
• Advanced User Experience. How users interact with the analytic
platform. New analytic techniques, not
• The Connected Enterprise. Connecting
business strategy with operational execution. Better navigate the business
using all relevant data available and modeling the future to reduce risk.
• Engineered Systems. Promise of hardware and software working
better together. Blinding fast performance
with in-memory analytics and scalability without the bottlenecks.
• Ironclad Architecture. A reliable, robust backend to support
business critical systems, while reducing Total Cost of Ownership. Components are completely integrated allowing
administrators to do more in less time.
As always, it’s the bottom line of moving to a Modern BI System
that will excite executives to pursue the move. Barry explained to our listeners that it’s all
about being able to do more with less. Empowering business users to satisfy their own analytic needs will lead
to a more agile business. At the same
time, this ability will free up IT resources. By optimizing and simplifying your business analytic platform, not only
do you gain better Total Cost of Ownership, but you can begin to innovate. Innovation
leads to doing business in new and better ways than your competition; being
more competitive in this economy ultimately leads to a more successful
business; and successful businesses are generally better off financially.
To listen to the entire podcast click here
To learn more about Business Intelligence at Oracle, click