As we moved to the last session of the business conclave with everyone engrossed in their own worlds reflecting on the various dimensions of innovation, Mr. N.K Subramaniyam Executive Director Saksoft limited took the stage. He introduced the topic Business Intelligence and Innovation and told the reasons why he chose that topic.
He started with what is Datawarehouse and Data Mart and how these are concepts have found a commertial viability in current business scenario. Then he discussed more about the evolution of Data Warehousing (DWH) architecture. The first generation of DWH which started in 1980s gave way to the contemporary and the next generation atchitecture with increasing data security and data intelligence techiniques. The DWH technique has found immense applicability in the banking, manfacturing and marketing sector where its used for Data mining, for making business decisions and for helping in coming up with newer business strategies.The information management is an important concept which helps to develop more intelligent, accessible, high quality and integrated data marts which are much more efficient than its predecessors. He told that the future holds lots of oppurtunities in this domain with memory analytics and cloud computing already creating a buzz.
Mr.Subramaniyam ended his lecture stressing on the fact that business intelligence would be the top priority requirement in the near future therefore that is the place to be.