Dynamic Times Require Dynamic BI
Today’s IT organizations face the daunting task of responding to constantly changing business demands, many of which require timely development of new or revised IT solutions.
End users are adding new and unforeseen demands for fast access to information to support a myriad of business challenges including mergers and acquisitions, shortening product lifecycles, more personalized products, the explosion of social media and mobile computing and more.
Has IT’s mission to support business’s dynamic information needs become an impossible quest?
Business No Longer Waits For IT
In true Darwinian fashion, the business side of most organizations is now taking greater responsibility for fulfilling its own information needs rather than depending solely on already-burdened IT resources.
For example, in a 2011 survey of over 625 business and IT professionals entitled Self-Service Business Intelligence: TDWI Best Practices Report, @TDWI July 2011,The Data Warehousing Institute (TDWI) identified the…
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Wow, can Excel be a Power BI Tool?
Power Map is a 3D data visualization tool for Excel that provides an immersive experience for making discoveries in data that might never be seen in traditional 2D tables and charts. Power Map lets you plot geographic and temporal data visually, analyze that data in 3D, and create cinematic tours to share with others.
With Power Map you can:
- Map Data: Plot more than a million rows of data* in 3D visually on Bing maps and visualize the data with 3D columns, bubble/pie charts, heat maps, and regions.
- Discover Insights: Discover new insights by seeing your data in geographic space and seeing time-stamped data change over time.
- Share Stories: Capture screenshot “scenes” and build cinematic, guided interactive or video “tours” that can be shared broadly, engaging audiences like never before.
I hope you were able to attend my free webinar on Understanding Microsoft Self-Service BI on September 26, 2013. If you weren’t you can now download the recording here.
Because I covered new material all the way to the end of the webinar i thought I’d also answer some of the top questions I didn’t have time to answer here.
Q: Can an Excel Power Pivot 2013 model be read by Excel 2010 or Excel 2007? What about Excel versions and their compatibility with SharePoint Versions? I ask because we are upgrading our SharePoint environment to 2013 but most of our users have Excel 2010 (a few have 2007).
You can open an Excel 2013 workbook that has a Power Pivot model in older versions but you cannot modify them. You can however deploy Excel 2010 and Excel 2013 workbooks to you SharePoint 2013 environment and it they interact…
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The idea of data mining with natural language looks to be very interesting. Will need to get more info on this concept.
The SQL Server blog posted a new blog post about the new features of Power BI
Microsoft Updates Power BI for Office 365 Preview with New Natural Language Search, Mapping Capabilities
Today we’re pleased to announce the addition of significant new features to the Power BI for Office 365 preview, including natural language search with Q&A and improved experiences in two preview add-ins for Excel with 3D mapping visualizations through Power Map and improved data search in Power Query.
Search-driven data visualization with Q&A, want to see an example?
The full blog post about Power BI’s new features can be found here.
This article discuses four changes that have pushed BI out of the IT world and into the hands of the Business to include the opportunity for more self-service, more data visualizations, the ability to interact with our data, and perform advanced analytics.
In his keynote speech at the sixth annual Tableau Customer Conference, company co-founder and CEO Christian Chabot borrowed from Steve Jobs’ famous quote that the computer “is the equivalent of a bicycle for our minds,” to suggest that his company software is such a new bicycle. He went on to build an argument about the nature of invention and Tableau’s place in it. The people who make great discoveries, Chabot said, start with both intuition and logic. This approach allows them to look at ideas and information from different perspectives and to see things that others don’t see. In a similar vein, he went on, Tableau allows us to look at things differently, understand patterns and generate new ideas that might not arise using traditional tools. Chabot key point was profound: New technologies such as Tableau with its visual analytics software can use new and big data sources of information…
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[twitter.com/pcitplus] Most insurance companies are considering increasing their IT budgets. According to a recent report by Novarica: “Annual US Insurance IT Budgets and Priorities”, reports an increased focus on growth enabled by analytics investment.
The report which collates responses from over 100 companies stresses that the higher budgets are hitched to expected increases in premium – indicating a focus on growth in the industry.
Managing director and Author of the report, Matthew Josefowicz says, “Growth and operational effectiveness continue to be the top strategic goals driving insurer IT budgets, with competitive parity also ranking highly.”
While factors like policy administration and other core systems were the main priorities of insurers, the survey also found that insurers – especially large P&C insurers – are heavily investing in big data and analytics. Novarica also reported that large P&C companies are deploying, piloting, or planning to pilot big data technology…
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In order to implement any BI initiative, IT and business units must work together in order to achieve success. You can collect all the data in the world and organize it very nicely, but if it has no meaning to anyone, is the wrong data, or cannot be accessed, it is worthless.
Interesting article which highlights the reasons why IT and Business units must work together in BI.
— Accenture (@Accenture) September 25, 2013