New BI and IMC
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![Page 1: New BI and IMC](https://reader035.fdocuments.in/reader035/viewer/2022081521/58ef65451a28aba0228b45db/html5/thumbnails/1.jpg)
New BI: IMCFUTURE OF BUSINESS ANALYTICS AND BUSINESS INTELLIGENCE
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Sandeep Kumar PMP®
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Business Analytics & Intelligence Life Cycle
Business Requirement
Data Engineering
Analytics Modelling
Data Visualization
&DSS
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New BI versus Old BI• Old is not yet old!
• Traditional ETL + EDW + Dashboards• Tableau / Qlik / Microsoft / SAP BO / SAS / Pyramid / Oracle Hyperion…• Pre-requisites: On-Premise Infrastructure, Specialized Data Transformation
Tools, Visualization
• New is still evolving…• Ubiquity + Cloud + Mobility + Visualization• Tableau / Qlik / Microsoft / SAP BI & Fiori / Hadoop & SAS…• New requisites: Real Time, On Time, Big Data, AI, IOT, IMC
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Evolution in Computing Technology for BI
Real TimeDynamicStaticReporting
X-base / DBMS RDBMS OLAP Cubes IMCTechnology
Data Information DSS IntelligenceBusiness Orientation
User Environment
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Top 7 BI Trends – 2017 (n-2772; Scores >6/10)
• Data Visualization
• Self Service BI
• MD / DQ Management
• Analytical Databases
• Data Governance
• DM & Predictive Analytics
• Agile BI Development
Source
CMILowest Five: Hadoop, Data Science, BIaaS, Open Data, Visual design StandardsScore < 5/10
Traditional Unstructured New Sources
Data Sources
Reporting
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In-Memory ComputingStores information in the main “Quick-access RAM” of dedicated servers instead of complicated RDBMS structures operating on comparatively “Slow Disk Drives”
Drivers of IMC• Cloud and Ubiquity• Business Systems + IOT + Unstructured Data Big Data• Information @ speed of light !!!
IMDB IMDP IMAIMC
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IMC at workCarpe Diem
Do it now!
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Architecture• Database is memory-resident and not disk-resident
• Database design is simpler
• Fetching columns is simpler than querying from complex tables
• High Availability and Fail-over mechanisms
• RAM/ Battery RAM/ NVRAM [ferroelectric RAM (FeRAM), magnetoresistive RAM (MRAM) & phase change RAM (PRAM)] ensure almost zero-loss availability
Top 3 IMDB: SAP HANA, Couchbase Server, MemSQL
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IMC Use Cases• Internet of Things – using real time data from sensors and connected systems
• Banking and Insurance industry – insights, claims and modelling
• Artificial Intelligence – based on real-time machine learning and cognitive computing
• Real time Advertising – based on consumer behaviour and availability / hyper-local
• Outreach and product targeting – sentiment analysis through unstructured data
• Image and Location Analytics – GIS, media and medical imaging
Tests with Intel’s Nehalem architecture shows that latency of storage is reduced from 1 million CPU cycles to 250 cycles
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© Sandeep Kumar [email protected] https://www.linkedin.com/in/kumarsahabf https://www.facebook.com/kumarsaahabt @kumarsahab