Traditional vs. Next-Gen Business Intelligence

  • The Transforming Business Intelligence (BI) Landscape
    How leading organizations are leveraging Next-Gen BI to create value and compete in a hyper-connected world. According Harvard Business Review (Jill Dyche, May 2012), collaborative BI tools apply social networking features to allow people to share goals and evolve their thinking in real-time.
  • Robust Data Analytics through CRM, ERP, SCM, HRIS, and Financial Reporting
    Provides Financial and Operational data analysis and reporting leveraging a data warehouse, supporting functional requirements.
  • Provides Diagnostic Analytics
    Identifies performance trends, and highlights actual vs. target variance.
  • Recommends Ideas for Action to Organizational Challenges
    Based on intelligent data analysis, recommends or prescribes one or more action plans for consideration by management teams.
  • Leverages all available Organizational Data
    Captures, analyzes, and reports performance trends and dynamics, based on both structured and un-structured data.
  • Enhances Internal Collaboration
    Designed to facilitate internal collaboration.
  • Fosters Innovation & Creativity
    Designed to facilitate internal innovation.
  • Understands Stakeholder Sentiment & Emotions on Critical Issues
    Carries out stakeholder sentiment and emotion analysis, and delivers deeper cognitive insights related to customers, employees, and partners on key issues and touchpoints.
  • Provides a 360° View of Current State
    Captures and analyzes relevant data and insights from all key stakeholders on all critical issues, in real-time.
  • Traditional BI
    Includes ERP, CRM, HRIS, SCM, and CPM Financial Reporting Systems
  • Traditional BI systems have strong data management and reporting capabilities, supporting various internal functions through various ERP modules.
  • Traditional BI systems are primarily designed to provide diagnostic analytics, but due to the lack of cognitive insights, the diagnosis may be incorrect.
  • Traditional BI systems are designed to be diagnostic in nature, not prescriptive, based on insights into business operations and/or best practices knowledge.
  • Traditional BI systems are primarily focused the organizational data that are 'structured', i.e., numerical, as they are not designed to ingest un-structured text-based feedback data from key stakeholders.
  • Traditional BI systems provide valuable data and analysis, which is used by employees, but these systems are not purposefully designed to enhance internal collaboration.
  • Traditional BI systems offer very little by way of innovation insights, customer-driven co-creation, or employee-driven innovation.
  • Traditional BI systems are not designed to analyse stakeholder sentiment and emotions, and are thus unable to shed light on cognitive intelligence on critical success factors.
  • Traditional BI systems are not designed to capture multi-stakeholder insights on all critical issues dynamically and in real-time, and thus lack completeness as a strategic decision-support system.
  • Next-Gen BI
    Leverages Stakeholder Sentiment/Cognitive Analytics, Artificial Intelligence, and Big-Data.
  • Next-Gen BI platforms are not designed to replace or compete with ERP system modules such as ERP, CRM, SCM, HRIS, etc.
  • Next-Gen BI platforms are designed to perform diagnostic analytics and provide a more comprehensive view of current state, leveraging the power of cognitive analytics, big-data, predictive analytics, and artificial intelligence.
  • Next-Gen BI platforms leverage intelligent recommendation engines, expert opinions, best practices knowledgebases, and artificial intelligence algorithms to prescribe action plans to specific organizational challenges.
  • Next-Gen BI platforms are designed to capture, analyze, and report on real-time stakeholder intelligence and feedback, leveraging both structured and unstructured data.
  • Next-Gen BI systems are developed in the age of social, mobile, and hyper-connectivity, and are thus designed from the ground-up, to facilitate and promote internal collaboration.
  • Next-Gen BI platforms are designed to capture unfiltered intelligence from employees, customers, and partners on critical internal issues and customer touchpoints.
  • Next-Gen BI platforms are typically connected to powerful AI and deep learning algorithms that process large amounts of un-structured text data, and intelligently classify stakeholder sentiment and emotions.
  • Next-Gen BI platforms are powered by Big-Data, and designed to capture a large quantity of relevant data from all stakeholder groups, and thus deliver more complete and dynamic insights on critical issues.