BAM hits the big time
||BAM changes IT decision-making
Better decision-making -- fueled by more timely and accurate business intelligence (BI) -- is a key driver for companies scrambling to become real-time enterprises. Business activity monitoring (BAM) is being touted by many industry pundits as a linchpin in the real-time infrastructure.
|Tibco's new BAM tool
Tibco Software Inc. unveils a new Business Activity Monitoring (BAM) offering for both IT managers and business analysts. Combining open source and open standards, Tibco OpsFactor was written in Java with 'XML at the core.'
||BI: Real time or right time?
Demographic models may take hours or days to compute, but once built, they
can judge an applicant’s qualifications on the spot. In short, these
processes combine traditional offline analyses associated with business
intelligence (BI) problems with carefully bounded real-time use.Read
Right-time enterprise on the rise
Viewers suggest a move is underway to take the “warehousing” out of data warehousing. Operations and data analytics should be more closely aligned, they note. And data analysis should trigger events based on changeable business rules ready to run day and night atop the latest application servers.
Put simply, BAM is about the real-time monitoring of key business metrics. These
metrics are presented to business users in a “dashboard” format
and are used to revise the processes being monitored. The end-goal of BAM is
a self-improving process that can learn and continue to tweak itself to become
ever better. To read more, click here.
What’s real at Fleet?
Whig political leader Henry Clay said he would “rather be right than be president.” Summarizing Michael Caron, of Fleet Boston Financial Corp., one might say he would “rather be right time than real time.” There is a place on a continuum for analytics, Caron suggests, but things are always moving faster.
To read more, click here.