In the next three years, companies (and their business managers) will become utterly dependent on real-time business information, in much the same way that people expect to get information from the Internet in one or two clicks. Frank Dravis, vice president of information quality, Firstlogic Inc., La Crosse, Wis. With a formal methodology, published set of criteria and certification test, information purchasers will be able to analyze data for appropriateness - and request discounts for any deficiencies. Like standards in manufacturing for product quality, "data certification" will become a critical standard in the next three years for ensuring that vendors, customers and suppliers who acquire and/or share third-party data can measure the quality of that data before it's purchased or used. Thomas Chesbrough, executive vice president of Thazar, a Skywire Software company, Frisco, Texas Business intelligence will be more focused on vertical industries and feature more predictive modeling instead of ad hoc queries.
Monthly and even daily reports won't be good enough. Within three years, users will begin demanding near-real-time analysis relating to their business - in the same fashion as they monitor stock quotes online today. Ramana Rao, founder and chief technology officer, Inxight Software Inc., Sunnyvale, Calif. And products that have visualization as one of their top three features will earn $1 billion per year. In five years, 100 million people will be using an information-visualization tool on a near-daily basis. Our call for predictions about the future of business intelligence yielded a bountiful crop.
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