Business intelligence, its development and innovation, is key to helping companies grow. This guest post from Juice Analytics founder and CEO Zach Gemignani, takes a look at the latest innovations . This post was originally published on the Juice Analytics blog under the title â€˜The Best of Business Intelligence: Innovation at The Fringe'.
Enough complaining about the broken bits of Business Intelligence; it's time to highlight the things that are good and right in the industry. Like most industries, the renewal and innovation occurs at the fringe, beyond the comfort zone of established vendors.
I've created five categories and a catch-all to capture the solutions and companies (not so much technologies) that are leading the next generation of Business Intelligence. The categories are:
- Analyst tools
- Targeted solutions
- Open-source and free
- Advanced visualizations
- Other stuff
Naturally I've focused on areas of Juice expertise and focus â€” not coincidentally, the places where we feel BI has neglected end-users. According to a study by the Business Application Research Center, BI end-user adoption sits at a lowly 8%.
I'm happy to take your suggestions (and update the post) for things I've missed in these categories or for entirely new categories.
Tools that make it easy for analysts to pull data from multiple sources, analyze, visualize and share it.
Winner: Tableau, the reigning king of visual analytics tools, has added more web-based functionality to allow for online sharing and collaboration.
Runner-up: Good Data has arrived on the market with a web-first platform designed to democratize analytics. I had a chance to get a demo from the management team and was impressed with the ease of use and high-quality data presentation.
"A frequently updated analytical display that is clear and concise" (via a recent post)â€¦and not likely to draw the rage of Stephen Few.
Winner: BonaVista Systems wants to make Excel a "first choice dashboard tool." From the humble position of sparkline plug-in vendor, BonaVista has taken a leadership role in encouraging more effective dashboard design.
Runner-up (tie): Two BI companies, Qlikview and Microstrategy, seem to be following BonaVista's lead. Unfortunately, they may only be dipping in a toe as I found just a couple examples that break from the traditional over-glossy, gauge-riddled dashboard interface.
Companies that serve a narrow slice of the BI world extremely well. The desire to be all things to all people has been an Achilles Heel of the BI industry. The general purpose BI platforms often prove too broad and too generic to serve the unique problems of specific industries or functional areas.
Winner: Wall Street on Demand is a brilliant, below-the-radar provider of information solutions to the financial sector. Their sparse, articulate marketing text and few screenshots hint at a company that knows exactly what they do and deliver high-quality BI solutions. I wish I knew more.
Runner-up (multiple): The following are just a few companies that have focused on an industry or functional segment to deliver targeted BI solutions:
- Quantivo for customer behavior analytics
- Visual I|O for pharmaceuticals
- LucidEra for sale pipeline reporting and analytics
Open-source and free
(I know there is a difference.)
Winner: Pentaho offers an open-source end-to-end BI suite that is a competitive alternative to the big-guys. Of course, the implementation it isn't necessarily cheap or easy.
Runner-up: If anything should scare the BI industry, it is the possibility of a Google Analytics model extended into more general data analysis and visualization tools. Google Fusion Tables may just be the tip of the iceberg.
Bringing leading-edge visualization techniques out of academia and into the business world.
Winner: Many Eyes continues to impress with high-quality visualizations. They are easy to create and clean in design and usability. Impress your boss with a slick visualization in your next presentation.
Runner-up (tie): Openviz / Advanced Visual Systems and Panopticon appear to be the two BI vendors battling it out for leadership in advanced visualization solutions. Unlike Many Eyes, these guys lack Tufte-esque sophistication in infoviz design. That said, there is a big difference between creating a one-off New York Times-quality visualization and delivering a toolset that is re-usable in many different situations.
Other stuff to be admired
Jargon-free BI marketing. With few exceptions, BI web sites are densely populated with those awful stock-photography people sitting around conference tables (or worse, the ethnically-diverse V-formation marching at you) and meaningless business jargon and techno-babble. I really appreciate Blink Logic's web site with its straight talk and clean, readable design.
Beyond the desktop. RoamBI has a great-looking iPhone application that is designed to "transform your data into insightful, interactive visualizations delivered to the iPhone." It makes the Oracle and Qlikview iPhone apps look old-school.
Guest post by Juice Analytics.