data analytics ICT
#dcsukarticle
http://www.dcsuk.info/n/vgog
A world of window-dressing, innovation and buzz
Simon Ragg, MD at S3, provides some invaluable insight into the world of data
analytics, explaining the value of implementing a Big Data solution to the enterprise and examining the many pitfalls that will be encountered along the way.
Q A
Data analytics has been around for quite some time. Why is there such hype around the subject, headlined ‘Big Data’, right now?
It is well known that companies around the globe are experiencing a surplus of data being collected which has the potential to provide invaluable business insight. The volume of this data is so large that few companies have been able to extract meaningful intelligence from it - until now. New technologies now have the ability to analyse vast and complex data sets beyond anything we could do before – cloud computing, improved networks speeds, advanced storage solutions and innovative techniques to analyse data have resulted in a new ability to turn ‘Big Data’ into value
30
www.dcsuk.info I May 2014
Q A
In other words, what has changed in the IT and business worlds to focus such attention on data analytics at the moment?
If you look at some of Gartner’s latest predictions business intelligence [BI] and analytics are going to remain a major focus for companies and CIO’s through to 2017. This so called ‘fact based decision making’ is going to have a role to play across all industries before long, and as the cost of acquiring, storing and managing data falls in the coming years, then companies are going to find it even easier to apply BI and analytic solutions to an even far wider range of situations. As a result of these reduced costs it is likely companies will move their future investment away from
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