Trends in Big Data and BI

Trends in Big Data and BI

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While 2015 is still starting out, there have already been some big predictions made regarding big data for business intelligence. As stated by Neil Mendelson, Vice President of Oracle Big Data and Analytics, "data is now a new form of capital."

Big data holds a great deal of potential power for enterprises. However, the question being asked is, "How are we going to harness all this information, and do it efficiently, so that the IT we use pays us dividends?" According to experts, enterprises may be able to answer that question in 2015.

In order to determine the big data and business intelligence trends for 2015, eWEEK teamed up with Qlik's business analytics strategist, James Richardson. Founded in 1993 in Sweden, Qlik began with the goal of assisting organizations of all sizes in solving crucial data problems. They have since grown to serve over 33,000 customers around the world and have become an expert in their field.

Users are making the move from passive data consumption to becoming actively engaged in order to collect important information.
Intelligent business organizations realize that they must look to external and internal data sources in order to truly understand the context surrounding industry happenings and trends.
BI platform requirements will be making a shift towards making analysis though interaction. Visualization is key, and organizations will expect to gain insights and digest data at a glance.
As data discovery tools become more widely accessible, company governance practices will need to be revamped. When done properly, these practices can be customized to meet the specific needs of the organization.
BI is making a big shift to interactive decision-making. Data storytelling allows report makers to create a compelling narrative and answer questions in real-time in order to convince executives and team members take action.
The role of IT is evolving and CIOs (Chief Information Officer) are now expected to do much more than ensure that infrastructure and systems are running properly. With IT changing its focus to information and innovation, CIOs are expected to make more strategic contributions to their organization.
Businesses are going faster than ever and analytics has become an essential part of standard operating procedures. This means that organizations are more reliant on the speed of data to ensure agile and fast business decisions, and IT systems will need to keep up.