Working with a Business Intelligence system provides enterprises with countless benefits, but it can also present some security risks if data is not handled correctly. BI drives a company’s strategy, but it can also expose it to risk. There are many people that want a company’s data: competitors, investors (not current, but those seeking investments), customers, vendors, and more. A company’s data exposes its weaknesses and faults, and its business. It does not mean that the previously mentioned people are after a company’s data and will try to steal it. But there are people out there that steal data on a regular basis, from many companies, and then put it on the marketplace and offer it to the people interested in it, like competitors. It is important to be aware that the BI environment is not free of thieves trying to steal data and exposing organizations.
The use of Business Intelligence and smart data analytics has become a common practice. Financial organizations use Business Intelligence tools to create competitive advantages by driving profits and reducing risks. The financial world is in constant change and managers need alerts and notifications when data changes in their transaction systems. They need to be able to access data and keep track of any anomalies that may occur. All managers and users need to see the same version of the truth. Off course, each user will only see what he is allowed to see according to previously set data access credentials.
You’ve probably been hearing a lot about Mobile BI. Over the past years we have seen a migration towards mobile in almost every aspect of our lives. Business Intelligence is not the exception to this shift. Nowadays we don’t just communicate through our mobile devices, we pretty much run our lives with them. Most of us check our emails on our mobiles, we do quick banking transactions, schedule appointments, even do grocery shopping online from our smartphones. Just as everyday activities shifted to mobile, so did our businesses.
The telecommunication industry faces many challenges in terms of competition, regulations, technology shifts, constant innovations, and customer demand for new features and services. One of the challenges facing telco companies is the difficulty to gain insights from all the data they generate.
Last week we had the pleasure to present Necto at the Mobile World Congress held in Barcelona. More than 100,000 professionals from all over the world attended the congress. Visitors explored the most cutting-edge mobile enabled products and technologies. Amdocs featured Necto as the analytics platform for its product Optima.
Panorama Software received this week an award given by BDO and People and Computers, after surveying hundreds of CIOs and CTOs. Panorama won #1 in the Business Intelligence category for overall customer satisfaction, product stability, integrity, ease of use, and UI/UX, beating other BI vendors such as Tableau, Qlik, SAP, Microsoft, and more.
Brace yourselves. Customs and Border Patrol agents can detain you, ask you to unlock your phone or any other electronic device and leave with it to download all your data and do a thorough search on it before giving it back to you. Yes, it is a shock, considering they can do it without a warrant. Quincy Larson just wrote an article about this, which shocked us, but made us value the way we do things. Let me elaborate.
Last week we had the pleasure to attend the largest innovation event in Israel, Our Crowd’s Global Investor Summit. More than 5,000 people attended to meet the cutting-edge companies that are developing technologies that are changing the world. Panorama is proud to be among them. Innovation is part of Panorama’s DNA. That is why we constantly drive disruption and innovation in the Business Intelligence and Smart Data market.
Most companies understand that data analysis is key for their business processes. But not everyone is familiar with all the terms used in Business Intelligence jargon. And this can make you feel clueless when starting to search for BI solutions. That’s why we created this basic BI glossary. It is in alphabetical order, and if there is something we missed that you would like to know, write us a question in our chat box! We’ll be happy to add it to the glossary.
There is a myth in Business Intelligence. The perception when we speak about Centralized BI is that IT will be a bottleneck in the process. Perhaps we can do a small recap of BI history to understand the reasoning behind this myth.