Thanks to Brenda Michelson for an interesting post on Data Quality in Real Time that points to a Forrester report by Gene Leganza on The Top 15 Technology Trends EA Should Watch: 2011 To 2013 (from Oct last year and commented also on here).
To quote from Brenda quoting Gene: “The shift from historical to real-time analytics will require that related processes such as data quality services also move to real time.” In practice poor data quality is typically due to manual system inputs – something that technology like TIBCO Netrics can help address at source – or historic information (with previous manual system inputs). Very occasionally it could be due to problems with event sensors. In any such case, real-time events and data can be cleansed during event processing as CEP technologies usually include the necessary filter and transformation rule capabilities.
I haven’t seen Gene’s report yet but for sure, real-time analytics (monitoring, dashboards, rule-based predictions etc) are increasingly augmenting traditional BI (reporting), visual analytics (data exploration) and predictive analytics (data mining) – and such CEP technology is another powerful weapon in the business analysts’ armory in the quest for business optimisation.
Disclaimer: although we usually use the term operational intelligence for the real-time analytic capabilities provided by CEP and associated technologies, others use terms like continuous intelligence, real-time BI, and so on. And today (thanks to a TIBCO customer) I heard another new term – event-driven Business Intelligence or edBI. Which I must admit I rather like!
