Making Real Time Decisions
Business Intelligence (BI) has traditionally referred to the skills, technologies, applications and practices used to help a business predict, track, analyze and present information as it relates to business
operations. Making real-time decisions requires an optimal blend of predictive analytics from multiple data sources. Gaining visibility and reducing complexities transcends merely applying a technology
in silos. Much of the data is unstructured, and it needs to be analyzed in real-time.
The ability to optimize operations within a company typically depends on a decision maker's ability to react upon the right information at the right time. Information that is delivered on demand, in real-time
will increase operating margins and improve process efficiency. Analytics for operations aims to enable you to respond at the moment you need to.
Operations will continue to evolve by including more components into business analytic solutions. Some of those business analytic activities will be accessed via alerts to various devices, while other
activities will involve more predictive analysis.
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