Make the most of business intelligence, companies urged

Friday 25 January 2013

Business intelligence (BI) and analytics need to scale up to support the robust growth in data sources, it has been claimed.

According to IT analyst Gartner, BI leaders require a broadening range of information assets in order to help guide organisational strategy.

Daniel Yuen, research director at Gartner, noted that new business insights and improved decision making with greater finesse are the "key benefits" achievable from turning more data into actionable insights.

This applies whether data is from an increasing array of sources from within or outside of the organisation, he stated.

Mr Yuen commented that vendor development is providing firms with the ability to tap into this wider information base.

As such, they are able to make sounder strategic and prompter operational decisions, he added.

In terms of predictions for the BI sector, Gartner thinks 70 per cent of BI vendors will have incorporated natural-language and spoken-word capabilities into their solutions by 2016.

And by 2015, more than 30 per cent of analytics projects will deliver insights based on structured and unstructured data, the firm has forecast.

Within three years, Gartner expects 65 per cent of packaged analytic applications with advanced analytics to come embedded with Hadoop.

Posted by Alex Boardman