ABSTRACT

Business and IT environments are becoming very dynamic as there are incredible changes taking place and challenges rising up in the marketplace as a result of the tottering economy, ever-changing government rules and regulations, and ever-increasing expectations and specižc preferences of customers. Promising technologies with much potential; production of standards-compliant IT infrastructures; mass availability of slim and sleek devices; speedy evolution of the pervasive web; purpose-specižc handy and trendy appliances; inžnitesimal and invisible tags, labels, and stickers; productivity-enhancing solutions; and connectivity products are completely redežning the IT landscape. In such a constantly changing environment, executives need to take insightful yet timely decisions to steer their enterprises in the right direction on the chosen paths. In other words, delivering actionable insights to decision makers goes a long way in arriving at the right decision at the right time. It is very clear that every aspiring industry is therefore leaning toward agile and adaptive BI systems, which are in place to precisely and perfectly anticipate, augment, and advance its journey. Next-generation BI systems are concisely descriptive, creatively prescriptive, and cognitively predictive in establishing smart enterprises.