Business Intelligence 2.0

Business Intelligence 2.0 (BI 2.0) is a loose term referring to some new (2006-7) trends and advances in Business Intelligence (BI). The "2.0" version number alludes to version numbers assigned to software even though it is only an abstract concept not a specific application (much like Web 2.0). In simple terms it refers to the new generation of Business Intelligence software that is more pro-active than reactive (the latter merely analyzing data or reports produced after the fact). The first generation of Business Intelligence (BI 1.0) analyzed information involved in business oriented decisions, while the next generation (BI 2.0) helps make decisions as or before events happen.

This change is partly due to the popularization of service-oriented architectures (SOA), which enables for a flexible, composable and adaptive middleware. Also open standards for exchanging data such as XBRL (Extensible Business Reporting Language) enables using data external to an organization, such as benchmarking type information. While BI 1.0 analyses or supports decisions that have already been made, BI 2.0 continuously calculates, is flexible/adaptable, intelligent (self tuning or adaptive - automatically adjusting based on results). BI 1.0 is "closed loop" (no outside input, because it happens after the events), while BI 2.0 is “open loop” (real time analysis with input as the events occur).

BI 2.0 defines a higher abstraction level in that it works on the semantic data model, not requiring knowledge of data structures or canonical forms. Directed search and querying, based on the meanings of and relationships among objects (s. Semantics), allows practically any person or service to find what is needed without assistance, whether it is structured information (like relational databases) or unstructured content. This "direct" understandability of data models for humans seems to be one of the core value proposition of BI 2.0 because it enables a new level of collaboration (see also Tim Berners-Lee's "unexpected reuse" or Ross Mayfield's "Power Law of Participation").

Related technologies

*Resource Description Framework (RDF)
*Web Ontology Language (OWL)
*SPARQL (SQL like query language for RDF)

Related methods

*Ontology alignment
*Semantic Integration
*Semantic link
*Linked Data
*Inference
*Synonym ring
*Object-based

Articles

* cite web
last = Raden
first = Neil
year = 2007
url = http://www.intelligententerprise.com/showArticle.jhtml?articleID=197002610
title = Business Intelligence 2.0: Simpler, More Accessible, Inevitable
publisher = intelligententerprise.com
* cite web
last = Raden
first = Neil
year = 2005
url = http://www.intelligententerprise.com/showArticle.jhtml?articleID=171000640
title = Start Making Sense: Get From Data To Semantic Integration
publisher = intelligententerprise.com
* cite web
last = Seely Brown
first = John
year = 2006
url = http://www.johnhagel.com/paper_agiledance.pdf
title = The Agile Dance of Architectures – Reframing IT Enabled Business Opportunity
publisher = johnseelybrown.com
* cite web
last = Seely Brown
first = John
year = 2006
url = http://www.johnseelybrown.com/paper_breakonthrough.pdf
title = Break On Through to the Other Side: A Missing Link in Redefining the Enterprise
publisher = johnseelybrown.com

* cite web
last = Mehta
first = Sanjay
year = 2008
url = http://www.maia-intelligence.com/Articles/BI-2-Technology.html
title = BI 2.0 Technology - MAIA Intelligence Perspective
publisher = www.maia-intelligence.com

* cite web
last = Ludwig
first = Lars
year = 2005
url = http://www.competence-site.de/wissensmanagement.nsf/21ef2ef086df4793c12569eb00586838/bdde6372fb162452c125709a003d9841/
title = Business Intelligence und das Semantic Web (in German)
publisher = www.competence-site.de

Related Articles

* cite web
last = Berners-Lee
first = Tim
year = 2006
url = http://www.w3.org/DesignIssues/LinkedData.html
title = Linked Data
publisher = w3c.org
* cite web
last = Haynos
first = Matt
year = 2006
url = http://www.ibm.com/developerworks/grid/library/gr-soavirt/
title = Perspectives on grid: Virtualization as a foundation for SOA environments
publisher = IBM developerWorks
* cite web
last = Seely Brown
first = John
year = 2006
url = http://www.johnseelybrown.com/paper_servicegrid.pdf
title = Service Grids: The Missing Link in Web Services
publisher = johnseelybrown.com
* cite web
last = Kontzer
first = Tony
year = 2008
url = http://www.cioinsight.com/c/a/Trends/The-Forecast-for-Cloud-Computing/
title = The Forecast for Cloud Computing
publisher = cioinsight.com
* cite web
last = Ziesche
first = Soenke
year = 2006
url = http://www.xml.com/pub/a/2006/12/13/semantic-wikis-and-disaster-relief-operations.html?page=1
title = Semantic Wikis and Disaster Relief Operations
publisher = xml.com
* cite web
last = Velez
first = Golda
year = 2008
url = http://www.wallstreetandtech.com/data-management/showArticle.jhtml?articleID=208700210&pgno=2
title = Semantics Help Wall Street Cope With Data Overload
publisher = wallstreetandtech.com

Interviews

* cite web
last = Reinhard
first = Ulrike Reinhard
year = 2008
url = http://blog.whoiswho.de/stories/22598/
title = Intrinsic Motivation Will Play a Major Role (Ulrike Reinhard spoke with John Seely Brown (JSP)
publisher = blog.whoiswho.de

ee also

*Semantic Web
*Semantic Grid
*Web 3.0 / Web 2.0
*Ontology (computer science)
*XBRL (Extensible Business Reporting Language)
*Semantic Web Rule Language (SWRL)
*Triple Store
*Semantic wiki
*Wikinomics