Gartner is forecasting growing interest in business intelligence and data analytics in 2014 and beyond, saying that CIOs will make increasing use of these techniques thanks to the falling cost of acquiring, storing and managing data.
Ian Bertram, managing vice president at Gartner, said: “Major changes are imminent to the world of BI and analytics including the dominance of data discovery techniques, wider use of real-time streaming event data and the eventual acceleration in BI and analytics spending when big data finally matures.”
However, Gartner expects the immaturity of big data to constrain growth for at least the next two years. It says that, despite the strong interest in BI and analytics, confusion around big data is inhibiting spending on BI and analytics software.
Gartner estimates that only 30 percent of organisations have invested in big data tools and only 25 percent of these have managed to implement production systems. These figures, it suggests, indicate that there is potential for substantial future growth, growth that will occur once the gap between BI and analytics tools can be successfully bridged.
The research firm is advising BI vendors to garner business by closing this gap between available big data technology and business cases. “As big data matures and more packaged intellectual property is available, big data analytics will become more relevant, mainstream and, ultimately, hugely disruptive,” it says.
“Beyond 2016, when … the discussion has matured from technology to business, and when there will be more off-the-shelf capability available, big data analytics will pervade almost everything that we do, helping push society unequivocally into the digital age.”
As enterprises continue to recognise the economic value of information, and see the opportunity to capture and analyse ever greater volumes of detailed data, Gartner says they will demand analytics technologies capable of making sense of masses of data from widely disparate sources.
This article has been extracted from www.cmo.com. Please click on this link to read the article in full. http://www.cmo.com.au/mediareleases/18570/2014-a-big-year-for-bi-and-big-data/.
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