What Is It? Business Intelligence or Analytics? Both?
June 14, 2012
With data stretched across entire enterprises stored in multiple repositories, it was no wonder that such business intelligence activities used to take up to 18 months. Reseller News reported on the change in technology in the article, “Enterprise BI Models Undergo Radical Transformation.” Now, business intelligence processes can happen in as little as two days.
QlikTech is one vendor that boasts this quick turnaround time. One of their clients, CareFirst, implemented their technology to supplement a project management product from CA Technologies. At this point, QlikTech has saved CareFirst $10 million in project costs.
According to the article referenced, CareFirst is one company leading the way for the transformation of business intelligence.
The article discusses how these next-generation data analytics solutions are utilized:
“Consulting firm PricewaterhouseCoopers (PwC) calls it the “new analytics.” Unlike previous BI and data analytics models that depend on centralized, top-down data collection, reporting and analysis, the new wave is all about giving access and tools directly to line-of-business users, who benefit the most from BI reporting and data analytics, PwC said in a report released Tuesday.”
Sure, technological innovations have allowed business intelligence to become more efficiently accessible to users across the enterprise, but this does not mean it is a different technology entirely. A different name will not generate new revenues.
Megan Feil, June 14, 2012
Sponsored by PolySpot
Inteltrax: Top Stories, June 4 to June 8
June 11, 2012
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, how financial markets are being influenced and affected by big data analytics.
In “Venture Capitalists Invest in Cloud Based API Provider” we explore how tons of financial investments, namely in the cloud, are changing the game of big data.
In “UK Financial Industry Benefiting from Analytics” we discovered how England is attempting to avoid Eurozone financial catastrophe with analytics.
Finally, our feature, “Quantitative Financial Analytics is a Serious Weapon” dove headlong into this new buzzword and its impact on financial markets and the vendors supplying software.
With global markets plummeting or rising in equally shaky motions, analytics looks to be a potential stabilizing force. We’ll keep watching to see what kind of aid it can be.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
June 11, 2012
Inteltrax: Top Stories, May 28 to June 1
June 4, 2012
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, what is hot and trending in big data these days.
The first answer came from our story, “Dashboard Data Analytics Hot” which showcases the many ways in which increased usability is increasing big data’s popularity.
Also, “The Next Great Data Gold Mine” looks a little deeper into what we already know, social media is going to be huge for analytics.
Finally, “Analytic Healthcare Contests Boom” showed that many of the health field’s biggest problems are being solved by analytic contests.
The rapidly evolving world of big data is always in flux. What’s hot today might be cold next week. But know we’ll be taking the industry’s temperature every day to stay atop all the exciting changes.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
June 4, 2012
Inteltrax: Top Stories, May 21 to May 25
May 28, 2012
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, the latest happenings with some of big data’s biggest names.
Our story, “Data Analytics Expert Points to the Crux of Big Data Issues,” looked at the CEO of Revolution Analytics and Digital Reasoning, catching up with their latest moves.
“EMC Provides a Lot of Analytic Good,” shows all the positive ways in which EMC is moving the analytic game ahead.
While, “MicroTech Wins Military Intelligence Contract” shows this up-and-coming firm making a name for itself with defense.
There are a million different directions that analytics are moving in at any given moment, but we’ll be providing snapshots of the scene, just like this, every day. Be sure to tune in.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
May 28, 2012
Watson Goes to College
May 28, 2012
From Jeopardy to the college campus — Watson goes to MBA school, we learn in eWeek’s piece, “IBM’s Watson Challenges University of Rochester MBA Students.” Will an art history PhD challenge be next? I’d like to see that one.
For this project, U. of Rochester‘s Simon School of Business worked with IBM to sponsor the first Watson Academic Case Competition. Twenty-five students worked in teams to develop new ways to apply Watson‘s technology to complex problems in the realms of transportation, energy, retail and the public sector. For the faculty, business leaders, and IBM execs who chose the three winners, a strong understanding of how to use big data strategically was a key criterion.
Third place went to a project designed to streamline the customs process in airports while boosting security. The second place entry is designed to help energy companies project environmental impacts as well as manage regulatory and safety issues. Both are fine projects with strong real world potential, and I hope each gets developed further. The first place entry, though, might just save some lives. Writer Darryl K. Taft describes the winner:
“First place went to ‘Managing Data in the Eye of a Storm,’ which showed how IBM’s Watson technology could be put to work combining weather-related data and the latest census numbers to help organizations better prepare for a crisis administration and allocate resources accordingly. The first place student team concluded that Watson’s ability to look at unstructured and structured information could more accurately identify weather patterns and help improve response times.”
Big data analysis in the service of humanity—much more valuable than winning at Jeopardy.
Cynthia Murrell, May 28, 2012
Sponsored by PolySpot
Big Thoughts on Big Data
May 26, 2012
CorrelSense recently reported on one of the hottest IT trends to date in the article, “Big Data is Truly Transforming the Enterprise.”
According to the MIT’s principal research scientist, Andrew McAfee, Big Data can be likened to the invention of the Microscope in the sense that it exposes information that we couldn’t have found before the way that the Microscope allows you to view things that previously could not be seen.
The article states:
“As IT Pros, you are going to have to learn to process this big data and find tools for the non-technical experts and suits in the C-Suite to mix and match the data. The big difference between this and traditional business intelligence is that with BI you were looking back where you were at a given point in time, whereas with Big Data, you can analyze data in real time and begin to make more intelligent decisions about where to put your resources at any given moment.”
Rather than reducing jobs, as many people fear that technological progression may do, it rather will create them. We’re obviously going to need more people to decipher through this growing pile of data.
Jasmine Ashton, May 26, 2012
Sponsored by PolySpot
SAP Big Blue Rides Hana
May 25, 2012
The University of Kentucky‘s business intelligence team has had to make some adjustments after the school implemented SAP‘s HANA system. ComputerWorld declares, “For Univ. of Kentucky, SAP’s HANA is ‘Disruptive’.” Writer Patrick Thibodeau, punning on the term “disruptive technology,” notes that the University is (purposely) using HANA to restructure its BI system to better analyze student retention.
The new in-memory systems like HANA pull data from RAM instead of from hard disks. Speed and relative simplicity are the advantages, but these systems do require a hardware investment. In this case, Dell provided the hardware and developed the school’s student retention data models.
HANA is only a year old, and questions about its longevity are still in the air. Part of the issue is the hardware question—should organizations deploy on the tried and true x86 system or go with an engineered system, like IBM’s new PureSystems. Thibodeau writes:
“Engineered systems offer performance gains, meaning faster time to realize value and ‘less cumbersome’ management, said Alys Woodward, a research director at IDC. On the other hand, ‘software on commodity hardware reduces vendor lock-in and enables the use of cheaper components,’ said Woodward.
“How SAP HANA ‘will play in the broader marketplace — outside SAP’s core install base — against Oracle Exadata and IBM engineered systems, depends to some extent on how these two opposing concepts will play out,’ said Woodward.”
So, x86 or engineered, take your pick. If you are considering HANA, though, the write up notes that you should make sure it will do what you want before buying the pricey software. It will not, for example, make up for poor data quality. It is also more worth the cost and effort someplace where business requirements change frequently than for an organization with a more static environment.
Cynthia Murrell, May 25, 2012
Sponsored by PolySpot
Inteltrax: Top Stories, May 14 to May 18
May 21, 2012
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, how unstructured data is shaping the way vendors operate.
In “A Mountain of Unstructured Data” the problem of collecting tweets, posts, pictures, videos and more and making analytic sense is laid out.
“Unstructured Data Investment on the Horizon” shows how many companies are investing in solving their own unstructured data crises.
Finally, “Another Analytics Partnership is Born” showed companies joining forces to tackle this massive problem.
We’ve talked about unstructured data before, but we keep returning to the well because it’s such a massive concern for companies. Thankfully, those problems are being solved and we’re monitoring it every step of the way.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
May 21, 2012
Will Watson Make Billions for IBM?
May 20, 2012
Unlike other companies who spend their money snapping up smaller competitors or waging the patent wars, IBM focuses on good old R&D. That’s why InfoWorld’s Bill Snyder admires the company, he explains in “Beyond ‘Jeopardy’: How IBM Will Make Billions from Watson.”
Snyder praises the company for its focus on innovation over acquisition or legislation. He predicts the Watson technology will soon pay off big for IBM, though he admits the company is mum on how much cash went into the project. There are three big Watson-related deals in the works: Health benefits company WellPoint plans to use it to speed research and diagnosis. Cancer research institute Sloan-Kettering will use the technology to advance its essential explorations. Finally, Citigroup hopes to improve customer service with Watson. (But can it help with the image problems?)
Snyder acknowledges some may believe his claims about Watson’s future to be over the top:
“Did I drink a glass of Big Blue Kool-Aid during my meeting with Gold at San Francisco’s Palace Hotel this week? I don’t think so. If you look at the first real-world applications of Watson, you’ll notice they’re aimed at solving significant problems. Indeed, Watson may wind up saving lives — and, oh yes, make money for IBM and its shareholders.”
We’re all for the saving lives part, though we’re not too sure about the billions. Snyder isn’t the only one who sees Watson generating a fortune, though. He offers:
“In a research note late last year, CLSA analyst Ed Maguire estimated that Watson may generate $2.7 billion in revenue in 2015, adding 52 cents of earnings per share.”
So, are Snyder and Maguire right, is Watson a billion dollar baby? I wonder what answer it would give.
Cynthia Murrell, May 20, 2012
Sponsored by PolySpot
Inteltrax: Top Stories, May 7 to May 11
May 14, 2012
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, hot trends among the industry.
The hottest trend in most businesses is change and “How an Analytic Firm Handles Challenges” highlights the rapidly evolving Petri dish of data analytics.
The law has been a major topic of talk and “Google Indiscretions Prove Need for Secure Data Mining” looks at how the search giant’s analytics arm might be violating laws and trust.
Partnerships have been the biggest trend in big data this year and “Clients Win When Big Data Partners” examines Cloudera’s recent teamwork.
These are just a sampling of the big time changes moving this industry forward at a frantic pace. It’s exciting and you can catch the thrill every day as we cull analytic news from around the globe.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
May 14, 2012
-
- Subscribe to Beyond Search
Feature archive
News archive
-
