Just-in-Time Business Intelligence and Real-Time Decisioning

Panian Z.

9th WSEAS International Conference on Applied Informatics and Communications, Moscow, Russia, 20 - 22 August 2009, pp.106-107 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Moscow
  • Country: Russia
  • Page Numbers: pp.106-107
  • Istanbul Technical University Affiliated: No

Abstract

Enterprise agility often may be the difference between organizational success and failure. The changing conditions in which businesses operate might be from customers, competitors, partners, market forces, regulatory forces, or world events. In these circumstances, decisioning is playing a critical role and must also be made in real time. Real-time decisioning (RTD) is an analytic approach that allows organizations to automate the 'next best actions' based upon their goals and objectives. It embeds real-time analytic capabilities into business processes and substitutes traditional Business Intelligence (BI) which is oriented dominantly towards analyzing historical data coming from processes that are already accomplished.