1Big Data/BI Initiatives Struggle to Support Core Business Needs
Intro: While many organizations are increasing efficiencies and reducing costs through big data-enabled business intelligence (BI) initiatives, relative few are deriving “substantial” value from these efforts, according to a recent survey from Kyvos Insights. The resulting “BI on Big Data Adoption” report indicates that companies are investing in big data infrastructure to expand data sources while addressing scale-related issues. But only a minority of survey respondents are satisfied with their big data infrastructure’s performance. An estimated 300 IT leaders and managers, C-suite executives and other senior-level professionals took part in the research. The following slide show presents selected report findings, with charts provided courtesy of Kyvos Insights.
2Data Source Requirements Drive Infrastructure Investment
3Enhanced Capabilities Benefit BI, Advanced Analytics
4ROI on BI Remains Elusive
Only 25 percent of respondents said their company is deriving “substantial” value from BI initiatives that use big data, and only 4 percent said BI is at the core of their organization’s business processes. Seven of 10 said their business was either deriving “minimum” value or that it was “too early to tell.”
5Performance Earns So-So Grades
6Response Time Also Merits Mixed Reviews
7Analytics Functions Lead Wish List
8Scale and Speed Emerge as Key Differentiators
Other top requirements for data-focused BI initiatives include the ability to “scale out for massive amounts of data” along with response speed, as cited by 50 percent of respondents. Organizations would also benefit from the capability to connect to existing BI tools (as cited by 43 percent of respondents) and support unstructured and semi-structured data (42 percent).
9Operational Efficiencies Get Major Boost
10Talent Gap Creates Hurdles
11Cloud Migration Appears Likely
As with many tech functions, you can expect a big data BI migration from on-premises in the immediate future: The findings reveal that 54 percent of organizations plan to move their big data infrastructure to the cloud within the next three years.