Business intelligence (BI) has proved valuable for providing insights to companies, allowing them to make better business decisions. It isn’t a new concept; BI has been around for many years. But with the changes and advancements in technology, more and more organizations are looking to the BI trends for direction.
This interesting information was found on EFY Times in their article, “Current Trends In Business Intelligence Technology.” One area that has garnered much attention is semantic technologies, including ontologies, taxonomies, classification, and content monitoring. Applied to information management, this “new” technology can help organizations reconcile and normalize meaning across different sources of data and content. Combined with advanced analytics, data mining is accelerated to a point that could change the way organizations compete.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.