Whitepaper: Social Business Intelligence

Discussion in 'Java' started by JTP PR, Feb 6, 2011.

  1. JTP PR

    JTP PR Guest

    This paper has defined Social and Collaborative BI as the merging of
    BI, Java with social networking and Web 2.0 technologies.

    Direct Link (No Email Required)

    http://www.yellowfinbi.com/Document.i4?DocumentId=120950

    Extract:

    Today, a younger social media savvy generation is entering the
    workforce, bringing with them new skills and expectations regarding
    the deliver of information.

    A recent joint Unisys and IDC study has found that these younger
    information workers will drive changes in the way in which corporate
    interaction and communication takes place.i The study expects that, in
    corporations with more than 500 employees, the number of information
    workers using social networking platforms will almost double between
    2009 and 2014.ii The same research report predicts that the number of
    business interactions will grow four-fold, from 3.5 trillion in 2010,
    to 12.7 trillion by 2013.

    Naturally, businesses are searching for more efficient methods of
    communication to deal with expanding information volumes and the
    necessary business interactions that accompany that trend.
    According to respondents to a recent CIO magazine poll determining CIO
    priorities for 2011, collaborative and social technologies will be
    crucial in addressing and facilitating this swell in information
    exchange, by boosting workforce productivity. Sixty-seven percent of
    survey participants said that improving employee productivity would be
    a major focus in 2011.

    To achieve this collaborative decision-making (CDM) environment,
    Business Intelligence (BI) software is beginning to merge with Web 2.0
    technologies, harnessing their rich, open-access, easy-to-use
    functionality that users have come to expect. The merging of BI and
    Web 2.0 technologies has given rise to the new concept of Social and
    Collaborative BI – a type of CDM platform. This platform, like social
    Web 2.0 technologies, is designed around the premise that anyone
    should be able to share content and contribute to discussion, anywhere
    and anytime.

    IDC predicts that 2011 will be the year where the trend of embedding
    social media style features into BI solutions will make its mark, and
    that virtually all types of business applications will undergo a
    fundamental transformation.

    IDC, along with many other analytics firms, also believes the emerging
    CDM software market will grow quickly, forecasting revenues of nearly
    $2 billion by 2014, with a compound annual growth rate of 38.2 percent
    between 2009 and 2014.

    This re-design of the corporate communications process has even been
    touched on by global computing icon, Bill Gates, with the ICT pioneer
    stating that: “social networking-type applications will become as
    ubiquitous in the workplace as Microsoft Office tools and will likely
    replace email as the dominant form of corporate communications”.
     
    JTP PR, Feb 6, 2011
    #1
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