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ⓘ Analytic applications




Analytic applications
                                     

ⓘ Analytic applications

Analytic applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, analytic applications are a type of business intelligence. As such they use collections of historical data about business operations to provide business users with information and tools that allow them to make improvements in business functions.

The maturity levels for business intelligence are:

  • analytic reporting
  • analytic applications
  • operational reporting
  • business dashboards

It may extend further to predictive analytics, or predictive analysis may form part of the analytic application - depending on both the subject matter under analysis, and the nature of the analysis required.

Analytic applications are typically described as a subset of performance management. They specifically relate to the analysis of a business process in support of decision making.

To qualify as an application rather than simply as a data warehousing tool, these tools should promote some form of automation. The maturity level of this automation is as follows:

  • reports, dashboards and scorecards based on that data structure reporting led automation,
  • what-if analysis and scenario-modeling predictive or analytic led automation.
  • reading data from a nominated operational system into a data warehouse optimized for analysis data led automation,

In most cases, these three levels are discrete functions, loosely banded together as a single product, and there is little automation of the process from end to end.