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TDWI: Almost half of organisations using analytics

17

Feb
2016
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TDWI: Almost half of organisations using analytics

Nearly half (47 per cent) of organisations are now embedding analytics into operational systems, a new study has found. 

Research from The Data Warehousing Institute (TDWI) revealed that 30 per cent of respondents introduce predictive models into business processes within one month, while 58 per cent do it between two and nine months and 14 per cent spend longer than nine months on the process. 

Some of the challenges that businesses face when it comes to introducing and operationalising analytics include poor data quality, an absence of skilled personnel and low budgets. 

The majority of respondents focus on past incidents in their analysis, though 19 per cent of businesses are using analytics to consider what could happen in the coming … Read more

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Could more money be spent on cloud analytics?

15

Feb
2016
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Could more money be spent on cloud analytics?

Cloud analytics has become an important technology in the IT sector as more companies now rely on it in order to address their business’ performance. 

With more professionals now relying on online storage instead of spending money on hard drive space, it is clear that the technology is being embraced by a number of industries in order to improve security.

A study from Informatica found that 68 per cent of respondents will investigate or deploy cloud analytics solutions in the next year, whereas 74 per cent are set to adopt a hybrid or cloud-only method to analytics across the next three years.

The report shows that cloud analytics adoption is mainly being driven by growing end-user requirements for better analytics, … Read more

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Gartner: Global business intelligence and analytics market rises in value

10

Feb
2016
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Gartner: Global business intelligence and analytics market rises in value

The global business intelligence and analytics market has seen a large amount of activity in recent years, a new study has indicated. 

Research from Gartner found that global revenue in the business intelligence (BI) and analytics market is forecast to reach $16.9 billion (£11.73 billion) in 2016, representing a 5.2 per cent rise from 2015. 

The study suggested that the BI and analytics market has now reached the final stages of a multi-year transition from IT-led, system-of-record reporting to business-led, self-service analytics. 

Because of this, the modern business intelligence and analytics (BI&A) platform is set to meet new requirements for accessibility and analytical insight. This will help to improve the amount of data and detail available to businesses and improve … Read more

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Gartner: 90% of large organisations set to hire chief data officer by 2019

29

Jan
2016
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Gartner: 90% of large organisations set to hire chief data officer by 2019

Some 90 per cent of large organisations are expected to hire a chief data officer (CDO) by 2019, a new study has suggested.

Research from Gartner indicates that increased efforts to drive competitive advantage and better efficiency through improved information assets is expected to result in a rise in the number of CDOs by the end of 2019.

These personnel are expected to face a number of challenges, with the organisation predicting that just 50 per cent will be successful by the end of 2019. A particular difficulty is that the role will be new in most organisations and many new CDOs will be developing their skills on the job.

They will also face the difficult task of creating an … Read more

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Meeting the key big data security challenges

28

Jan
2016
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Image credit: iStockphoto/Henrik5000

As more businesses embrace big data analytics solutions, the amount of information held in databases all around the world is growing at an extremely fast rate. However, while this presents many new opportunities to gain insights, it also creates challenges.

One of the biggest issues is security. These applications present a tempting target for criminals as data volumes rise, offering them personal and financial details that can be used for fraud.

In previous years, internal applications that make use of this data have been regarded as low risk. However, it was noted by Data Center Knowledge that as adoption of web, mobile and cloud-based applications increases, sensitive data becomes accessible via more platforms, some of which are particularly vulnerable to … Read more

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Mastering your Big Data beyond Hadoop

21

Jan
2016
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Roger Caskell, CTO Kognitio podcast

Latest Podcast from Roger Gaskell, CTO, Kognitio

It’s old news: businesses have cottoned on to the fact that they need to use big data if they want to become more agile and responsive to market changes and customer behaviour. There have been several emerging ways to do this, but it almost always starts with Hadoop. Discussing why Hadoop and big data have become so synonymous, Enterprise Management 360 spoke to Roger, CTO of Kognitio, who also tells us about the next essential steps beyond Hadoop to really master your big data.

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Podcast produced by Enterprise Management 360Read more

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How can retailers avoid key big data mistakes?

20

Jan
2016
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How can retailers avoid key big data mistakes?

While big data has been making its presence felt across many sectors in the last couple of years, one area where it has great potential is in the retail space. With these businesses able to gather a large amount of information on their customers, such as their buying preferences, they can use this to ensure they are offering the products their customers want, at the most competitive prices.

However, there are several pitfalls that retailers need to avoid if they are to make big data analytics a success. In a recent piece for Internet Retailing, vice-president of EMEA sales at point-of-sale software supplier Vend John Coulston said it is easy to make simple errors that can lead to important information … Read more

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EU set to analyse big data use in mergers

19

Jan
2016
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EU set to analyse big data use in mergers

The European Union (EU) is planning to take a more detailed look at whether the large amounts of consumer data carried by large internet companies violates competition rules as part of its analysis of proposed mergers.

After taking over as Europe's leading antitrust enforcer in 2014, Margrethe Vestager has enhanced the investigations into US web giants including Google and Amazon in order to determine whether this information should be regulated more strictly.

Ms Vestager noted that protecting consumer privacy transcends her agency's remit, adding that the power large internet companies wield should not make it too challenging for other companies to compete.

This move comes after the European Commission suggested that Google favoured its own shopping services in search results … Read more

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Large companies increasingly turning to big data tools

15

Jan
2016
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Large companies increasingly turning to big data tools

The popularity of big data analytics continued to grow last year, with more large companies adopting the technology to assist with the decision making

According to a NewVantage study, 65 per cent of Fortune 1000 firms report that they now have at least one example of Big Data in production, almost double the 31.4 per cent recorded in 2013. Some 26.8 per cent of companies stated that they will invest more than $50 million in Big Data by 2017, marking a significant rise from the 5.4 per cent recorded in 2014.

The chief data officer position has also become more established, with 54 per cent of companies now having one on their team. Some 20 per cent of companies also … Read more

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Can the insurance sector get consumers on board with data gathering?

13

Jan
2016
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Can the insurance sector get consumers on board with data gathering?

Over the last few years, many businesses have been tempted by the idea of using big data to gain a much more detailed picture of their customers, which they can in turn use to provide more personalised offers and even discounts.

But the catch with this is that in many cases, consumers will be wary of technology solutions that delve deep into their personal information. In some situations, they will need to give their express permission for a company to collect and use their data – and this can prove tricky to obtain, despite the benefits on offer.

This is a problem currently being experienced by the car insurance sector. It was noted by the Wall Street Journal that the … Read more

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