Business Intelligence: 10 New Year's Resolutions for the Sector

 
 
By Chris Preimesberger  |  Posted 2013-12-18 Email Print this article Print
 
 
 
 
 
 
 
 

Business intelligence is finding places in IT systems not seen prior to the past couple of years, and new use cases are coming to the fore all the time. Where BI once was relegated to purpose-built servers and specialized applications, it's now working in social networks, private clouds, analytics applications, onsite and cloud retail applications—the list is a lengthy one. Data is playing an ever larger role in helping managers, executives and business professionals make informed business decisions. Thus, it's become imperative for BI solutions to deliver intuitive and true self-service solutions that enable business users from every corner of the organization to make sense of data. Often this is independent of IT. With this increasing usage, it's time to look ahead to what the new year will hold for the sector. The following eWEEK slide show, with perspective from James Richardson, senior director of Global Product Marketing at QlikTech, presents 10 resolutions for the BI industry in 2014.

 
 
 
  • Business Intelligence: 10 New Year's Resolutions for the Sector

    by Chris Preimesberger
    1 - Business Intelligence: 10 New Year's Resolutions for the Sector
  • Humanization of IT

    For a while now, we've been talking about the consumerization of IT. However, we've moved into the next phase of the technology evolution: the humanization of IT. Advances in technology—think touch, voice, mobile and maybe wearable—are allowing users to reconsider how they interact with technology and demand that it's a more natural, human experience. As such, BI solutions need to promote this type of experience and eliminate nonintuitive, unnatural approaches to analysis because these discourage usage.
    2 - Humanization of IT
  • Big Data Analysis

    Many companies view big data as completely daunting. But it's a reality, and companies need to figure out how to use it. BI platforms need to adapt to this growth of omnipresent data and develop solutions that can aggregate diverse data from multiple sources for analysis. Why? Because this means more context for decisions beyond the internal data myopia of most BI deployments.
    3 - Big Data Analysis
  • Data Governance

    The management of data processes throughout an enterprise has become increasingly essential. We've known for a long time that good quality data governance sets up processes to handle information that can be utilized by the entire organization while eliminating inaccuracies. Enterprises need to get serious about it because if they don't, their competitors will.
    4 - Data Governance
  • Power to the People

    With a user-centric solution, everyone from executives to sales teams can use BI to create a richer model of their business, identify trends they might not have otherwise identified and discover enterprise-specific insights that can help them gain a competitive edge. The emphasis shouldn't be on delivering the same old reports and KPIs, but on supplying the right people with the right insights, right now.
    5 - Power to the People
  • It's About More Than Access

    2013 was the year of big data, but what about the right data? Simply having access to data does not necessarily instill confidence. Better access does not equal better decisions. More frequent, iterative, exploratory interaction with data does help make better business decisions. The right decisions are made when businesses are able to easily discover the data that is most important to them through unfettered interaction with data.
    6 - It's About More Than Access
  • Used Data Business

    In the spirit of recycling more in the new year, what about repurposing data through another lens? Businesses often have a wealth of information at their fingertips in the form of "used" data, which could be recycled and analyzed to solve issues in different areas of the company. For example, a retail store could use sales trends data to determine new marketing campaigns.
    7 - Used Data Business
  • Support the Mobile Workforce

    Mobile is the new normal; BYOD is an accepted part of life. BI must reflect this. The combination of mobile computing with dashboards is powerful, but only if it preserves the kind of experience that users expect from mobile apps and works on any device and any form factor.
    8 - Support the Mobile Workforce
  • Open Data for Better Insights

    Open data—publicly available government and private information—is a source that will grow in popularity over the next year. Using open data will allow businesses to compare and enhance their own data with insights from third-party information.
    9 - Open Data for Better Insights
  • Natural Decision Making

    The next generation of BI will focus on better, more instinctual decision making. Visualization is one part of that, but not all thinking is visually driven and not all data exploration is best done through charts, however pretty. The focus will shift from seeking answers to questions to seeking better questions to ask. BI solutions must complement the brain's higher level thinking, not replace it with the power of technology.
    10 - Natural Decision Making
  • Don't Forget the Small Data

    As we established, big data will continue to play an integral role for BI in the coming year. However, this doesn't mean that we should forget other data sources. Any data can be analyzed and used. BI platforms need to be capable of uncovering insights from a range of data sources, no matter if they are big, small or anywhere in between. The reality: Most firms aren't anywhere near getting full value from analysis of their "small" data yet.
    11 - Don't Forget the Small Data
 
 
 
 
 
 
 
 
 
 
 

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