Not Your Father's Business Intelligence

  Enquire / contact me

Analytics for the Industrial Internet of Things

Not Your Father's Business Intelligence
Not Your Father's Business Intelligence

In the past, business intelligence (BI) was intended solely to help senior management understand financial performance to make informed strategic decisions. Over time, the scope of business intelligence increased to also support decision-making at the operational level. However, those decisions are still commonly based on data collected and stored days or weeks previously. This ARC Advisory Group Insight considers the changes that must occur to successfully analyze data generated by the Industrial Internet of Things (IIoT), which alters the BI paradigm to a considerable degree.

Historically, business intelligence has its roots in helping senior executives understand financial performance. By accumulating many individual data points - sales transactions, material costs, staffing costs, overheads - executives could gauge recent performance. Further, if those data points were retained for a long period, historical comparisons could be made. That historical perspective gave rise to what we now call a data warehouse. Back then, BI was used to help inform strategic decisions that were not time critical. Or, to put it another way, they had a big decision window - decisions were made using data long after those data were generated.

Posted on July 2, 2014 - (81 views)
Related articles
Intelliconnect at Electronica 2018
Verigo Model PB3 Reusable Temperature Data Logger
Fischer Shows its Connectivity Solutions at Electronica
Advancing the Expansion of the Grid
Getting Started with the Industry 4.0 Journey
Positioning with Large Reading Window
Industrial Humidity Transmitter EE23
All Levels of Digital Integration
Data Highway for the Internet of Things
High-Pressure Flowmeter Measures Liquid Refrigerants
New JD Mini for Maximum Efficiency
Sensing Innovation in Process and Control
Connect Everything with e-Factory
System-based High Precision Linkages
Ultrasonic Flowmeter for Air
Reflowable Thermal Switch
Mobile, Multi-protocol Diagnostics Mercury
Microscope Optics for IR cameras
Level Switches RFS-9 and RFS-12
Digital Multimeter, Gas Soldering Iron and Carrying Case
Verigo Model PB3 Reusable Temperature Data Logger
Compact Power Modules
Modular Compact CPU Board
Absolute Modular Encoders
Connector for Data Transmission
Mass Flow Controller FMA-2600A Series
High-Performance Box PC
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Verigo Model PB3 Reusable Temperature Data Logger
Ultrasonic Flowmeter for Laboratory
Co-Creating the Industry of the Future
Ultra-Low Power Accelerometer for IoT
New JD Mini for Maximum Efficiency
Bonfiglioli BSR Synchronous Reluctance Motors
Reflowable Thermal Switch
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air