HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Wednesday, January 28, 2015

Gartner Says Power Shift in Business Intelligence and Analytics Will Fuel Disruption

By 2017, Most Business Users and Analysts in Organizations Will Have Access to Self-Service Tools to Prepare Data for Analysis 

Traditional business intelligence (BI) and analytic models are being disrupted as the balance of power shifts from IT to the business, according to Gartner, Inc. The rise of data discovery, access to multi-structured data, data preparation tools and smart capabilities will further democratize access to analytics and stress the need for governance. Gartner predicts that by 2017, most business users and analysts in organizations will have access to self-service tools to prepare data for analysis. 

"Data preparation is one of most difficult and time-consuming challenges facing business users of BI and data discovery tools, as well as advanced analytics platforms," said Rita Sallam, research vice president at Gartner. "However, data preparation capabilities are emerging that will provide business users and analysts the ability to extend the scope of self-service to include information management, and extract, transform and load (ETL) functions, enabling them to access, profile, prepare, integrate, curate, model and enrich data for analysis and consumption by BI and analytics platforms." 

"Self-service data integration will do for traditional IT-centric data integration what data discovery platforms have done for traditional IT-centric BI: reduce the significant time and complexity users face in preparing their data for analysis and shift much of the activity from IT to the business user to better support governed data discovery," said Ms. Sallam. 
"However, specific skills are required. Self-service data integration requires that users master both the technical aspects and the business requirements of joining data together." 

Gartner expects basic business user data mashup capabilities to become mainstream as part of data discovery tools in the near future. Data discovery and traditional BI vendors are likely to respond to this demand and opportunity to add value by extending their own business user data mashup capabilities to include more-advanced data preparation features. 

Gartner made a number of further predictions about BI, including: 

By 2017, most data discovery tools will have incorporated smart data discovery capabilities to expand the reach of interactive analysis. 

As data discovery capabilities are becoming smarter to streamline pattern detection in data discovery, self-service data preparation capabilities are evolving and becoming more capable of semiautomating and enhancing the data preparation activity of data discovery, and making it accessible to a business analyst. The two advances in combination will create a next-generation data discovery user experience that makes advanced types of analysis accessible to a broader range of users. 

"Smart data discovery has the potential to expand access to sophisticated interactive analysis and insights to business consumers and nontraditional BI users — the approximately 70 percent of users in organizations that currently do not use BI tools or have statistical backgrounds," said Ms. Sallam. "New approaches have the potential to transform how and which users can derive insights from data discovery tools. The potential business benefit will lead to a shift resulting in smart data discovery becoming standard features of most data discovery platforms." 

Moreover, Ms. Sallam said that this evolution will likely facilitate accelerated growth of the citizen data and make new sources of information accessible, consumable and meaningful to organizations of all sizes, even ones that don't have extensive advanced analytics skills or in-house resources. 

Through 2016, less than 10 percent of self-service BI initiatives will be governed sufficiently to prevent inconsistencies that adversely affect the business. 

End-user clamor for access to business data, combined with IT's inability to satisfy this need, has manifested in self-service BI initiatives in many organizations. The growing increase in data volume, velocity and, especially, variety has further fueled this trend. Vendors have responded with mass consumable, broadly deployable, easy-to-use and, often, cloud-based technologies for basic query, analysis and reporting. 

Often, these solutions are implemented by business units that have circumvented IT and as a result, they are disposed to analytic sprawl — an inconsistent or incomplete use of data, capricious development of metrics and formulae, and either too-restrained or unrestrained sharing of results. 

"As a result of the limited governance of self-service BI implementations, we see few examples of those that are materially successful — other than in satisfying end-user urges for data access," said Doug Laney, research vice president at Gartner. "This, combined with increasing examples of data privacy and security breaches, along with anticipated instances of public disclosure inconsistencies, will temper businesses leaders' enthusiasm for self-service BI. From unfortunate occurrences like these, we expect resulting investor and customer blowback for organizations with ungoverned, or loosely governed, BI initiatives." 

To counter these adverse effects, a return to more controlled enterprise BI implementations is expected, or the deployment of self-service BI technologies within a better governed, IT-led project environment. On the technology front, vendors will to continue to play both sides, but more conscientiously — selling simple data discovery technologies broadly throughout their prospects' businesses, while reemphasizing the advantages of controlled, centralized and more-robust enterprise BI technologies.

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.