{"id":93,"date":"2016-07-18T12:26:49","date_gmt":"2016-07-18T12:26:49","guid":{"rendered":"http:\/\/community.virtono.com\/?p=93"},"modified":"2016-07-18T12:50:25","modified_gmt":"2016-07-18T12:50:25","slug":"business-intelligence-and-data-challenges","status":"publish","type":"post","link":"https:\/\/www.virtono.com\/community\/knowledgebase\/business-intelligence-and-data-challenges\/","title":{"rendered":"Business Intelligence And Data Challenges"},"content":{"rendered":"
\"Business

Business Intelligence And Data Challenges<\/strong><\/p><\/div>\n

One growing demand in the business and analytics world is that of something called Business Intelligence (BI). BI is a combination of data subjected over analytical tools to produce complex and relevant information to the business\u2019s decision makers.
\nThe objective is simple, to gain a competitive edge over others, and it is achieved by improving certain aspects like timeliness and quality of inputs to other decisions like the concept of dynamic programming where the optimality of each stage is considered and the whole big scenario is taken into consideration before settling on one.
\nBI is used to understand the full blown potential of the firm and its environment, like for instance the current trend, the future trend, the direction of competitors, and its implications.
\nOne of the business-related challenges to BI and the often pointed out is the obstacles called analytics silos.
\nIt means the exclusion of data within the same firm, much like the silos on farms to store grains away from the rest of the environment.
\nThis results in false out generated using BI, because as mentioned earlier BI looks over to develop a holistic view, and without sufficient and all data it is bound to go off track.
\nThis challenge exists due to not enough support within the executive cell of a firm.
\nBut the root cause of existence of these challenges is the fact that most of these new innovative wagon have businesses as their drivers, and unfortunately that is not where the analytics expertise is usually found.
\nThe reason for this to have happened is business owners are usually the first ones to understand the demand and how to fulfill that demand, they are the ones who are capable of predicting the future trends. Thus fist to actually to move forward on this particular field.
\nHowever now, the availability of certain high level tools have rendered various parts of an organization to function as its own data-mining hub.
\nLike the Sales units can use both big data and data-mining tools to categorize customers and develop new products to maximize profits
\nManagers can use business intelligence tools to quickly analyze current operations data and facilitate new strategic planning, while IT personnel maintain clear lines of communication and supplement missing data.
\nAnd the reason big data and business intelligence will continue to boom even with these obstacles in the way, is because of the simple rule of \u201cprofit and loss\u201d, the cost of implantation is low but if done correctly the rewards are high.
\nThe landscape for this will continue to change, as we are barely scratching the surface as of now, and with the minds of the analytic world trying to sharpen the approach, not exactly on the business front per say, but with the improvement and advancement in the technology and the businesses adopting these new advancements, more and more hidden secrets, unforeseen patterns will continue to surface.<\/p>\n","protected":false},"excerpt":{"rendered":"

One growing demand in the business and analytics world is that of something called Business Intelligence (BI). BI is a combination of data subjected over analytical tools to produce complex and relevant information to the business\u2019s decision makers. The objective is simple, to gain a competitive edge over others, and<\/p>\n","protected":false},"author":1,"featured_media":94,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-93","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledgebase"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/Business-Intelligence.jpg?fit=1496%2C841&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7ISfL-1v","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":777,"url":"https:\/\/www.virtono.com\/community\/knowledgebase\/business-intelligence-roadblocks\/","url_meta":{"origin":93,"position":0},"title":"Business Intelligence Roadblocks","author":"Daniel Draga","date":"November 27, 2016","format":false,"excerpt":"Business Information asked attendees at the BI Leadership Summit, \u00a0a conference in New York co-hosted by SearchBusinessAnalytics and \u00a0consultancy Eckerson Group, about the biggest challenges they face \u00a0in increasing the use of business intelligence, or BI, and analytics \u00a0applications inside their organizations. \u00a0 IT User-oriented technology trends like self-service BI\u2026","rel":"","context":"In "Knowledgebase"","block_context":{"text":"Knowledgebase","link":"https:\/\/www.virtono.com\/community\/category\/knowledgebase\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Business-Intelligence-Buzzwords-panda.jpg?fit=901%2C533&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Business-Intelligence-Buzzwords-panda.jpg?fit=901%2C533&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Business-Intelligence-Buzzwords-panda.jpg?fit=901%2C533&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Business-Intelligence-Buzzwords-panda.jpg?fit=901%2C533&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":134,"url":"https:\/\/www.virtono.com\/community\/internet-and-technology-news\/how-to-get-into-the-game-of-business-intelligence\/","url_meta":{"origin":93,"position":1},"title":"How to Get into the Game of Business Intelligence","author":"Daniel Draga","date":"July 21, 2016","format":false,"excerpt":"In the last article we talked about Business Intelligence and how it is changing the world around us, how it is shaping the new businesses, and about the struggles of the current industry. Today we\u2019ll take a look at how you can setup a business intelligence unit of our own,\u2026","rel":"","context":"In "IT News"","block_context":{"text":"IT News","link":"https:\/\/www.virtono.com\/community\/category\/internet-and-technology-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/IMG_2035.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/IMG_2035.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/IMG_2035.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/IMG_2035.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/07\/IMG_2035.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":760,"url":"https:\/\/www.virtono.com\/community\/knowledgebase\/3-major-challenges-in-cloud-security\/","url_meta":{"origin":93,"position":2},"title":"3 major challenges in Cloud security","author":"Daniel Draga","date":"November 17, 2016","format":false,"excerpt":"Is your institution planning to leverage cloud computing and mobile computing in order to improve service agility, increase increase student and research success and lower costs of ownership, and lower capital expenses? If so, you are no doubt aware that your institution is also increasing its attack surface. Cloud-based technologies,\u2026","rel":"","context":"In "Knowledgebase"","block_context":{"text":"Knowledgebase","link":"https:\/\/www.virtono.com\/community\/category\/knowledgebase\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Cloud-security.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Cloud-security.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Cloud-security.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Cloud-security.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/Cloud-security.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":753,"url":"https:\/\/www.virtono.com\/community\/knowledgebase\/data-visualization-techniques\/","url_meta":{"origin":93,"position":3},"title":"Data Visualization Techniques","author":"Daniel Draga","date":"November 13, 2016","format":false,"excerpt":"A picture is worth a thousand words \u2013 especially when you are trying to understand and gain insights from data. It is particularly relevant when you are trying to find relationships among thousands or even millions of variables and determine their relative importance. Organizations of all types and sizes generate\u2026","rel":"","context":"In "Knowledgebase"","block_context":{"text":"Knowledgebase","link":"https:\/\/www.virtono.com\/community\/category\/knowledgebase\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2016\/11\/90charts.png.pagespeed.ce_.CVtP6o56PP.png?fit=381%2C345&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":784,"url":"https:\/\/www.virtono.com\/community\/tutorial-how-to\/targeted-attacks\/","url_meta":{"origin":93,"position":4},"title":"Targeted Attacks.","author":"Daniel Draga","date":"December 2, 2016","format":false,"excerpt":"More Data than Sense. As we look at the responses, most of these detection and correction efforts combine human expertise with tools and data. All efforts can be improved through access to and better interpretation of relevant data, policy-based workflows, and appropriate and facilitated automation. So what\u2019s holding these valiant\u2026","rel":"","context":"In "Knowledgebase"","block_context":{"text":"Knowledgebase","link":"https:\/\/www.virtono.com\/community\/category\/knowledgebase\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1171,"url":"https:\/\/www.virtono.com\/community\/internet-and-technology-news\/aws-and-microsoft-introduce-a-source-driven-ai-interface\/","url_meta":{"origin":93,"position":5},"title":"AWS and Microsoft introduce a source-driven AI interface","author":"Shreyash Sharma","date":"October 25, 2017","format":false,"excerpt":"Gluon is another step towards standardized\u00a0APIs\u00a0for neural networks.\u00a0The interface is compatible with both\u00a0Microsoft's\u00a0Cognitive Toolkit and\u00a0Apache\u00a0Mxnet.\u00a0It scales with more than 500 GPUs and is intended to deal with little rather than much data. Microsoft\u00a0and\u00a0Amazon Web Services (AWS)\u00a0co-operate and jointly present the deep-learning interface Gluon.\u00a0Both companies have issued an online report.\u00a0Gluon will\u2026","rel":"","context":"In "IT News"","block_context":{"text":"IT News","link":"https:\/\/www.virtono.com\/community\/category\/internet-and-technology-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2017\/10\/20130906170823-0_0_0.jpg?fit=980%2C560&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2017\/10\/20130906170823-0_0_0.jpg?fit=980%2C560&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2017\/10\/20130906170823-0_0_0.jpg?fit=980%2C560&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.virtono.com\/community\/wp-content\/uploads\/2017\/10\/20130906170823-0_0_0.jpg?fit=980%2C560&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/comments?post=93"}],"version-history":[{"count":1,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/posts\/93\/revisions"}],"predecessor-version":[{"id":96,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/posts\/93\/revisions\/96"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/media\/94"}],"wp:attachment":[{"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/media?parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/categories?post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.virtono.com\/community\/wp-json\/wp\/v2\/tags?post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}