Business Intelligence 2.0 (BI 2.0) is a development of the existing
business intelligence
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...
model that began in the mid-2000s, where data can be obtained from many sources. The process allows for the querying of real-time corporate data by employees, but approaches the data with a
web browser
A web browser is application software for accessing websites. When a user requests a web page from a particular website, the browser retrieves its files from a web server and then displays the page on the user's screen. Browsers are used on ...
based solution. This is in contrast to previous proprietary querying tools that characterizes previous BI software.
Overview
The growth in
service-oriented architecture
In software engineering, service-oriented architecture (SOA) is an architectural style that focuses on discrete services instead of a monolithic design. By consequence, it is also applied in the field of software design where services are provide ...
s (SOA) is one of the main factors for the development of BI 2.0, which is intended to be more flexible and adaptive than normal business intelligence.
Data exchange
Data exchange is the process of taking data structured under a ''source'' schema and transforming it into a ''target'' schema, so that the target data is an accurate representation of the source data.A. Doan, A. Halevy, and Z. Ives.Principles of da ...
processes also differ, with
XBRL
XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information. XBRL allows the expression of Semantics#Computer science, semantic meaning commonly required in business reporting. Th ...
(Extensible Business Reporting Language),
Web Services and various
Semantic Web ontologies
In computer science and information science, an ontology encompasses a representation, formal naming, and definition of the categories, properties, and relations between the concepts, data, and entities that substantiate one, many, or all domains ...
enable using data external to an organization, such as
benchmarking
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.
Benchmarking is used to measure performan ...
type information.
Business Intelligence 2.0 is believed to have been named after
Web 2.0
Web 2.0 (also known as participative (or participatory) web and social web) refers to websites that emphasize user-generated content, ease of use, participatory culture and interoperability (i.e., compatibility with other products, systems, and ...
, although it takes elements from both Web 2.0 (a focus on user empowerment and community collaboration, technologies like
RSS
RSS ( RDF Site Summary or Really Simple Syndication) is a web feed that allows users and applications to access updates to websites in a standardized, computer-readable format. Subscribing to RSS feeds can allow a user to keep track of many di ...
and the concept of
mashups), and the
Semantic Web, sometimes called “Web 3.0” (
semantic integration
Semantic integration is the process of interrelating information from diverse sources, for example calendars and to do lists, email archives, presence information (physical, psychological, and social), documents of all sorts, contacts (including ...
through shared ontologies to enable easier exchange of data).
According to analytics expert Neil Raden, BI 2.0 also implies a move away from the standard
data warehouse
In computing, a data warehouse (DW or DWH), also known as an enterprise data warehouse (EDW), is a system used for Business reporting, reporting and data analysis and is considered a core component of business intelligence. DWs are central Repos ...
that business intelligence tools have used, which “will give way to context, contingency, and the need to relate information quickly from many sources.”
See also
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Enterprise bookmarking Enterprise bookmarking is a method for Web 2.0 users to tag, organize, store, and search bookmarks of both web pages on the Internet and data resources stored in a distributed database or fileserver. This is done collectively and collaboratively i ...
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Linked data
In computing, linked data (often capitalized as Linked Data) is structured data which is interlinked with other data so it becomes more useful through semantic queries. It builds upon standard Web technologies such as HTTP, RDF and URIs, but r ...
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Object-based The term object-based language may be used in a technical sense to describe ''any'' programming language that uses the idea of encapsulating state and operations inside ''objects''. Object-based languages need not support inheritance or subtyping, b ...
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Ontology alignment
Ontology alignment, or ontology matching, is the process of determining correspondences between concepts in ontologies. A set of correspondences is also called an alignment. The phrase takes on a slightly different meaning, in computer science, ...
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Relationship extraction A relationship extraction task requires the detection and classification of semantic relationship mentions within a set of artifacts, typically from text or XML documents. The task is very similar to that of information extraction (IE), but IE add ...
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Semantic grid
A semantic grid is an approach to grid computing in which information, computing resources and services are described using the semantic data model. In this model, the data and metadata are expressed through facts (small sentences), becoming dire ...
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Semantic Web Rule Language
The Semantic Web Rule Language (SWRL) is a proposed language for the Semantic Web that can be used to express rules as well as logic, combining OWL DL or OWL Lite with a subset of the Rule Markup Language (itself a subset of Datalog).
The speci ...
(SWRL)
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Semantic wiki
A semantic wiki is a wiki that has an underlying model of the knowledge described in its pages. Regular, or syntactic, wikis have structured text and untyped hyperlinks. Semantic wikis, on the other hand, provide the ability to capture or identif ...
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Social BI
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Spreadmart A spreadmart (spreadsheet data mart) is a business data analysis system running on spreadsheets or other desktop databases that is created and maintained by individuals or groups to perform tasks that can be done in a more structured way by a data m ...
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Synonym ring
People
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Don Tapscott
Don Tapscott (born June 1, 1947) is a Canadian business executive, author, consultant and speaker, who specializes in business strategy, organizational transformation and the role of technology in business and society. He is the CEO of the Tapsco ...
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David Weinberger
David Weinberger (born 1950) is an American author, technologist, and speaker. Trained as a philosopher, Weinberger's work focuses on how technology — particularly the internet and machine learning — is changing our ideas, with books about the ...
References
Further reading
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Interviews
* {{Cite web
, last = Reinhard
, first = Ulrike
, 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
, url-status = dead
, archiveurl = https://archive.today/20080217040813/http://blog.whoiswho.de/stories/22598/
, archivedate = 2008-02-17
Business intelligence
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