Defining Real-Time Business Intelligence
Do you know why Real-Time Business Intelligence is important? Can you identify the best uses of Real-Time Business Intelligence? How can your organization ensure it will succeed with Real-Time Business Intelligence? Here's how Real-Time Business Intelligence supports dynamic decision-making with fast, agile information from live information sources.
Why Do We Need Real-Time Information?
Today’s business environment is dynamic in ways that previous generations never imagined possible.
An organization cannot survive without the ability to rapidly respond to change and make quality decisions from the latest information. But over the past 2 decades our decision-support systems have mostly been designed to manage highly-structured processes, such as monthly sales reports and quarterly financial statements. While these systems perform these structured processes extremely well, they weren’t designed to accommodate constant, real-world change.
The shifting, vibrant nature of today’s information requires a forward-looking solution that paints a real-time picture of an organization’s current situation, not just a rear-looking snapshot of its past. With today’s rapid pace of change and the explosion of information, Real-Time Business Intelligence has a crucial role in many modern enterprises.
Want to learn more about how Real-Time Business Intelligence can help you? Read about the benefits of Real-Time Business Intelligence here.
What Kinds of Organizations Have Real-Time Needs?
Every organization has a need for agile answers to unanticipated or changing circumstances.
Aberdeen Research reports that the demand for decision-support information within minutes or hours has grown by over 200% in the last 2 years alone. And the demand for Real-Time Business Intelligence is expected to continue to grow. There are five characteristics that are common to many real-time problems:
- Problem Style: ‘Situational’, ‘Actionable’, or ‘Operational’;
- Information: Time-sensitive, Changing;
- User: Interactive, Hands-on;
- Sources: Many (3 or more), Highly secure, Any location;
- Destinations: Any device, Any location, Any user interface.
Our dynamic world means we cannot always plan ahead for the data we will need to make good decisions. And it occurs in every organization, large or small, public or private.
Want to see what other organizations have achieved with Real-Time Business Intelligence? Review Real-Time Business Intelligence case studies here.
What are the Must-Have Elements of a Real-Time Solution?
Real-time problems can only be solved by 'nimble and quick' solutions that empower users to deliver the latest information directly to destinations convenient to decision-makers.
In most enterprises, fast-and-agile answers isn't a simple goal. Creating fast answers is often hampered by inadequate tools that only an expert or ‘tech guy’ can use, limiting users to speed and availability of ‘experts’. And connecting directly into the ‘live’ information sources can be challenging in an enterprise, where security and governance often limit access to the latest information.
To support real-time decision support needs, Real-Time Business Intelligence solutions must support the following diverse set of qualities:
- Live Data. Must deliver data directly from authoritative information sources, rather than using a disconnected data warehouse.
- Fast Assembly. Must provide tools to create Real-Time Business Intelligence answers quickly, often in minutes or hours.
- Portable Results. Must provide answers that can be delivered anywhere a decision-maker might need them, including portals, desktops, spreadsheets, websites, and mobile devices .
- User-Driven Tools. Must provide tools for non-technical users to create their own answers, removing the dependency on IT resources whenever possible.
- Social Integration. Must provide a collaborative ecosystem, letting users share their own work and leverage the work of others.
- End-to-End Security. Must ensure end-to-end security and governance common to most enterprise environments.
Want to see how JackBe helps organizations succeed with Real-Time Business Intelligence? Learn how Jackbe's Presto delivers Real-Time Business Intelligence here.
Learn More About Real-Time Business Intelligence
JackBe’s Real-Time Business Intelligence Solution, Presto, is the fastest way for organizations to gain actionable insight from live information for faster, smarter decisions. Here's a few ways for you to learn more about Presto:
- Read Read about the Benefits of Real-Time Business Intelligence.
- Watch Watch Real-Time Business Intelligence Apps in action on JackBe TV.
- Study Review Real-Time Business Intelligence Case Studies.
- Learn Learn how Jackbe's Presto delivers Real-Time Business Intelligence.
- Join Join our Community & start creating your own Real-Time Business Intelligence.