Through continuous innovation Business Intelligence is the long term for analysis of company data. The broad term from the BI room entails numerous things for example reporting, data mining and open source collaboration. But one thing remains clear, the long term path of business intelligence will revolve around collaboration because essentially it is people who make decisions not software program. Given the fact that companies are ran by people, the greatest that business intelligence software program can do is to help them make much better decisions. The objectivity of decision making for businesses is really a great idea but finding unseen opportunities via the myriad of information is important to stay competitive in their respected industries.
What does the future hold for Business Intelligence?
Very first off, the "big boys" in the BI room will not be able to hold onto their position for long due to all of the new vendors with equally competitive technologies emerge. Smaller businesses such as Actuate and Pentaho are leading the way with emerging technologies which will eventually compete with the large players. The BI room is really a dynamic field that is constantly changing. The competitive spirit will drive further innovation that will make it even more difficult for a company to achieve a dominant share of the company.
Finally, keep in mind that numerous new resources are emerging that may be leveraged with business intelligence software. It all started out with Microsoft Excel, This spreadsheet software program allowed for numerous individuals through out the organization to collaborate together. Now in 2010, new spreadsheets tools are coming out which are effectively collaborative. Entire sets of tools are now being created specifically for collaboration. The future of BI is here.