What is Business Intelligence 2.0?
Business Intelligence has now become a well-known term across the organizations and industries for helping their DSS (Decision Support Systems). A term Business Intelligence 2.0 has been used as the advancement to the BI technology that refers to new tools and software with advance functionality.
BI 2.0 enables dynamic querying of real-time and day-to-day functional corporate data related to employees. It is more of web-browser based approach for static reports and other querying tools.
Business Intelligence composes service oriented architectures (widely knows as SOA), which enables an adaptive and flexible middleware. Also, one more functionality such as open standards for exchanging data and various semantic web functionality enable using data set which is from outside the organization. As open standards for exchanging data, Business Intelligence Software uses XBRL (Extensible Business Reporting Language) which helps in benchmarking type information.
Business Intelligence includes the elements from both web 2.0 and the semantic web which helps in easier exchange of data.
According to analytics expert Neil Raden, BI 2.0 also implies a move away from the standard data warehouse that business intelligence tools have used, which will give way to context, contingency and the need to relate information quickly from many sources.
Business Intelligence has now become a well-known term across the organizations and industries for helping their DSS (Decision Support Systems). A term Business Intelligence 2.0 has been used as the advancement to the BI technology that refers to new tools and software with advance functionality.
BI 2.0 enables dynamic querying of real-time and day-to-day functional corporate data related to employees. It is more of web-browser based approach for static reports and other querying tools.
Business Intelligence composes service oriented architectures (widely knows as SOA), which enables an adaptive and flexible middleware. Also, one more functionality such as open standards for exchanging data and various semantic web functionality enable using data set which is from outside the organization. As open standards for exchanging data, Business Intelligence Software uses XBRL (Extensible Business Reporting Language) which helps in benchmarking type information.
Business Intelligence includes the elements from both web 2.0 and the semantic web which helps in easier exchange of data.
According to analytics expert Neil Raden, BI 2.0 also implies a move away from the standard data warehouse that business intelligence tools have used, which will give way to context, contingency and the need to relate information quickly from many sources.
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