March 12, 2010

Business Intelligence in the clouds

Posted by josediacono @ 10:29 am under Uncategorized

I attended a media briefing yesterday  by MyDials and Netsuite. It was about Right Time Business Intelligence using cloud computing.  By ‘Right Time’, they mean ‘promptly, when you need it’ . Not real time as in industrial control systems, but you don’t need BI updated every second. Per day or hour (even per week!) is probably  much better than many managers are getting now.

While most large companies have their BI in place, its daunting to implement for middle sized and SMEs which is where MyDials concentrates. Companies don’t have big upfront licencing fees, training or hardware costs. Its scalable, low risk. (If the customer doesn’t get value they simply don’t renew their subscription).

I see a big opportunity there for complementing the Software as a Service (SaaS) with Information as a Service (IaaS).  BI is only as good as your data and if you can give your own business data more context but overlaying  public data (such as demographic data for a health fund) it will be so much more powerful. With all the public sector information being made much more freely available (http://data.australia.gov.au/ and its state counterparts) , rather than every company importing and overlaying it, if one service provider can do it,  its a huge productivity gain.