The Art of Developing a Successful Business Intelligence Strategy

Aashish Yadav | April 19, 2022 | 597 views

The Art of Developing a Successful Business Intelligence Strategy

Business intelligence, or the art of using data to discover insights, has become a crucial part of developing business strategy for leading organizations, including government agencies, Fortune 500 companies, and educational institutions. Businesses that want their operations to be more informed and backed by data must use business intelligence. This is done with the help of a BI strategy.


A BI strategy is a blueprint that helps you decide how to use data in your company. You need a business intelligence strategy, as merely choosing a BI technology is not enough to leverage the benefits of business intelligence. Many organizations struggle with implementing business intelligence solutions because of a lack of a proper BI strategy.

The Downside of Not Developing a BI Strategy

A business intelligence strategy will help you to address all your needs and problems related to data, develop a cohesive system, and maintain it. You might encounter various problems if you don’t have a BI strategy. Here are some of the pitfalls of not having a business intelligence strategy, which you can simply avoid by developing one.

Reduced Possibility of Successful BI Implementation

According to Gartner, business intelligence adaptation is only around 30% in most industries. If an organization wants to avoid being one of those who haven’t implemented BI, a pre-planned BI strategy is the key to successful adoption. A company that lacks knowledge about the system they want to implement is at a higher risk of failing.

Risk of Overspending

A company that does not have a BI strategy is likely to overspend compared to those with a business intelligence plan. This is because there are no strict guidelines to follow. A company without a business intelligence strategy will agree to whatever a vendor tells them about their company or industry requirements. Later, if they don’t use that feature because they don’t require it, paying more for that feature will be a complete waste of money.

Wastage of Time

A company without a business intelligence strategy has to begin all over again with its business intelligence software search. Failure to adopt business intelligence tools can also be frustrating for the employees because of the inconvenience caused. This emphasizes that having a defined business intelligence plan is always better.

Steps to Build a Business Intelligence Strategy

The business intelligence strategy should align with the overall business goals resulting in an exponential growth. So, let’s start with the five steps to developing a successful business intelligence strategy.

Determine Business Intelligence Strategic Objectives

The first step towards developing a BI strategy is identifying and highlighting the strategic objectives. Next, the business intelligence team must evaluate the unique business objectives, align them with relevant data and resources, and recognize processes that empower the company.

Conduct Cost and Benefits Analysis

Let’s assume you have ten possible BI software options but which one will help you deliver the larger business objectives. How will you prioritize and choose your platform? In such a case, conducting a cost and benefits analysis is always helpful. The steps for conducting the analysis are as follows:

  • Set a framework for your analysis
  • Add the cost of implementation
  • Consider the margin impact per product
  • Check if the cost and benefit projection is favorable for you
  • Analyse the need for additional resources or re-alignments to be made with existing resources


Choose a Business Intelligence Platform

Business intelligence software can do a lot, but it is not the entire BI strategy. Now, that you have identified the strategic objectives and have conducted a cost and benefit analysis, you can consider the following components while choosing a BI platform:

  • Data access and the viewing of useful content
  • Data interactivity within a visual interface
  • The ability to go deeper into data on your own and find new insights
  • Promote new insights into a governed environment
  • Collaborate on data analysis and visualized analytics


Build a Strong Team

You should never forget that only a strong team with a data and analytics mindset can ensure a successful business intelligence implementation. They must be tech-savvy to handle complex IT issues and should be familiar with convoluted statistics and mathematics. They should also have a creative approach to problem-solving.

Create a Business Intelligence Roadmap

The BI team needs to develop a roadmap for the implementing a business intelligence strategy. You can consider the following things to create a BI roadmap:

  • Keep track of deliverables and dependencies
  • Keep a watch on the future and make adjustments to your strategy as required
  • Be proactive instead of reactive


Case Study: Customer Satisfaction Boosted by Business Intelligence


Expedia is the parent company of Hotwire and TripAdvisor, all the three are leading tourism companies.

Expedia was facing challenges related to customer satisfaction, which is extremely crucial to the company's mission, strategy, and success. The online experience should resemble a pleasant journey, but the company had no access to the customer's voice.

To tackle this issue, the organization had to manually aggregate heaps of data with insufficient time for analysis. The customer satisfaction team was able to examine consumer data using business intelligence and correlate results to ten objectives that were directly tied to corporate priorities. KPI owners create, monitor, and analyze data to spot trends or patterns.

As a result, the customer service team can now monitor how well it is performing against KPIs and take corrective action as needed. In addition, the data can be used by other departments.

Conclusion

If done correctly, a strong business intelligence strategy can bring irresistible power to your company. You can prevent yourself from overspending, save time and gain a competitive advantage by having an approach based on BI strategy while selecting BI software.

FAQ


What is a business intelligence roadmap?

Business intelligence managers and their teams utilize business intelligence roadmaps to visualize all aspects of BI, including analytics, adoption, data, and training. Plan how to use business intelligence to increase efficiency and performance across your organization.

What is the business intelligence lifecycle?

Business intelligence lifecycle management is a way to design, build, and manage BI that includes business customers. It focuses on making data models, database objects, data integration mappings, and front-end semantic layers right away from input from business users.

How does Netflix utilize business intelligence?

Netflix utilizes traditional business intelligence tools and big modern data technologies. As a result, it creates algorithms that predict what consumers are most likely to watch. It also makes extensive use of open-source software in this regard.

Spotlight

DataStorm Digital

DataStorm Digital focused on Big Data solutions, providing services and products that helps companies to get the most of their data, creating valuable insights as business advantages. Aiming to be the leader on Big Data solutions DSD has been driven by innovation, creating a unique set of process and techniques regarding data mining and analytics. Our services includes high complex analytics for banking, insurance, telecom and retail companies, such as: predictive churn, data richness and fraud analysis, as well as technology road-map and implementation, including: parallel processing with Hadoop and general MapReduce functions, querying with Hive, Pig, NoSQL implementations with MongoDB and Cassandra and interactive data visualization.

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Choose the Right BI Solution: Top Business Intelligence Companies

Article | July 10, 2023

Explore the top business intelligence and analytics solution providers and discover how these tailored and innovative BI solutions meet the unique needs of organizations across various sectors. Organizations constantly seek innovative solutions to unlock the power of their data and extract valuable insights. In this data-driven space, business intelligence and analytics solutions have become indispensable tools for navigating the complexities of data analysis. These BI solutions empower businesses to explore, analyze, and visualize their data, providing actionable insights, trend identification, and driving overall business success. This article delves into the realm of business intelligence and analytics, highlighting the key players in the industry and showcasing their distinct offerings and capabilities. From scalable analytics on big data platforms to interactive visualizations and real-time insights, these BI solutions cater to the diverse needs of organizations across various industries. With a wide array of solution providers to choose from, organizations have the opportunity to select the solution that best aligns with their unique requirements, enabling them to master BI and fully unleash the potential of their data resources. 1. Yellowfin BI Yellowfin BI is a prominent business intelligence solutions provider known for its user-friendly analytics platform. It sets itself apart by emphasizing simplicity and intuitive design, making it easy for users to navigate and leverage the power of analytics. The platform offers interactive dashboards, real-time data updates, and advanced data visualization tools. It also supports collaborative analytics and data storytelling, empowering users to create compelling narratives that communicate insights collectively. Furthermore, the mobile access feature ensures that users can stay connected to their data even while on the move, enabling timely decision-making. Data security is a top priority for Yellowfin BI, offering robust features such as role-based access controls and encryption. These measures ensure that data remains secure and protected throughout the analytics process. 2. GoodData GoodData is a leading business intelligence company, renowned for its cloud-based analytics platform. The platform offers a comprehensive range of features designed to meet the diverse needs of businesses. It seamlessly combines data integration, visualization, and reporting capabilities, allowing organizations to make sense of their data and derive valuable insights. GoodData excels in connecting with various data sources, whether internal or external and consolidating them into a unified view for analysis. Additionally, the platform goes beyond traditional analytics by providing robust tools and APIs that allow businesses to embed analytics directly into their applications or customer-facing portals. This seamless integration empowers users to access data insights within their existing workflows. Moreover, GoodData prioritizes data security and compliance, offering features such as role-based access controls, data encryption, and audit logs to protect sensitive information. 3. Pyramid Analytics Pyramid is a trusted business intelligence solutions provider. Its Decision Intelligence Platform offers a seamless and efficient decision-making environment. The AI-driven platform integrates data preparation, business analytics, and data science into a unified environment, enabling businesses to fully leverage their data assets and address challenges posed by data silos and disparate self-service analytics tools. Pyramid simplifies complex data landscapes by harnessing artificial intelligence to streamline decision-making processes. In addition, the platform strongly emphasizes enterprise-level collaboration and governance, offering a centralized hub for teams to collaborate, share insights, and ensure data consistency throughout the organization. 4. AtScale AtScale is a business intelligence company specializing in data virtualization and analytics. The company enables organizations to leverage the power of big data by creating a unified and simplified view of their data infrastructure. AtScale's unique offering lies in its ability to provide a semantic layer that abstracts the complexities of underlying data sources, making it easier for users to access and analyze data without requiring extensive technical skills. By virtualizing data, AtScale eliminates the need for data replication, reducing storage costs and ensuring data consistency across the organization. The platform supports a wide range of data platforms and cloud providers, allowing businesses to seamlessly connect and analyze data from various sources. AtScale also offers advanced analytics capabilities, including OLAP (Online Analytical Processing) and multidimensional analysis, empowering users to derive valuable insights from their data. 5. DataWeave DataWeave is an advanced Software-as-a-Service (SaaS) solutions provider that offers a digital commerce analytics platform for consumer brands and retailers. Through the platform’s digital shelf analytics capabilities, brands can effectively measure and optimize key performance indicators (KPIs) such as content audit, availability, share of search, promotions, and ratings. DataWeave also provides brand protection services, helping consumer brands maintain their brand integrity by monitoring Minimum Advertised Price (MAP) pricing and identifying counterfeit products in e-commerce channels. The platform's AI-powered pricing intelligence solution equips retailers with valuable insights to optimize their pricing strategies, improving margins and revenues. In addition, DataWeave's assortment analytics solution enables retailers to curate winning assortments, fostering customer loyalty, driving higher retention and repeat purchases. 6. Dimensional Insight Dimensional Insight is a renowned business intelligence software company that excels in providing tailored business intelligence and analytics solutions across diverse industries. Diver Platform, the company's flagship product, empowers users to seamlessly integrate, model, analyze, and visualize data from multiple sources. With a keen focus on industry-specific needs, Dimensional Insight offers specialized applications for healthcare, wine and spirits, manufacturing, and distribution sectors. These tailored solutions enable organizations to gain valuable insights and make informed business decisions. The Diver Platform enables users to easily create stunning reports and dashboards, explore data with a simple click, and share insights with others. It also has unique features such as no database requirement, data compression and optimization, and data integration from multiple sources and formats. 7. InetSoft InetSoft is a leading software company specializing in business intelligence and analytics solutions. Its web-based platform, InetSoft Style Intelligence, empowers users to effortlessly connect, transform, analyze, and visualize data from any source, enabling them to share valuable insights with others. Style Intelligence offers a range of powerful features, including data mashups, visual analytic dashboards, document reporting, self-service analytics, embedded analytics, and seamless integration with machine learning. The platform offers intelligent and personalized insights and recommendations by leveraging AI and ML. Moreover, InetSoft Style Intelligence is designed to be embedded and OEM-friendly, offering multi-tenant hosting, white-labeling, and flexible licensing models. With its versatility, the platform caters to various industries and use cases, such as sales and marketing, finance, operations, healthcare, education, and more. 8. 1010data 1010data is a leading business intelligence company that empowers organizations with advanced data insights and capabilities. The platform offers a comprehensive suite of tools specifically designed to handle large and complex datasets, equipping users with the ability to analyze, visualize, and derive meaningful insights from their data. 1010data can efficiently manage massive volumes of data, enabling users to explore and analyze information swiftly and effectively. The platform also provides a powerful set of data querying and transformation capabilities, allowing users to manipulate and refine data to suit their specific analysis needs. Additionally, 1010data's platform supports advanced analytics techniques, such as predictive modeling and machine learning. Collaborative features are another key aspect of the platform, enabling users can easily collaborate on data analysis projects, share insights, and generate reports to facilitate effective decision-making processes. 9. Kyvos Insights Kyvos Insights is a business intelligence solutions provider specializing in scalable and high-performance analytics on big data platforms. Kyvos offers a unique approach to data analysis by leveraging Massively Parallel Processing (MPP) architecture and in-memory technology to deliver interactive and multidimensional analytics on large volumes of data. Users can explore data from various angles and dimensions without compromising performance, gaining valuable insights quickly. The platform seamlessly integrates with popular big data platforms like Hadoop and Snowflake, allowing organizations to leverage their existing data infrastructure. Kyvos Insights' advanced analytics features, such as Online Analytical Processing (OLAP), drill-downs, and data slicing, empower users to delve deep into their data and uncover valuable business trends. Moreover, Kyvos Insights offers a user-friendly interface with self-service analytics capabilities, empowering business users to explore and visualize data intuitively. 10. TARGIT TARGIT is a prominent software company specializing in accessible business intelligence and analytics solutions, recognized by its TARGIT Decision Suite. This suite facilitates simplified data utilization, catering to a diverse clientele. TARGIT empowers customers to enhance decision-making for improved profitability, productivity, and competitiveness by translating data into actionable insights. The company leverages its industry expertise and customer insights to solidify its foundation, thereby effectively translating intelligence into impactful decisions with a proven record of tangible business value. Its emphasis on cost-effectiveness ensures low Total Cost of Ownership (TCO), offering enduring value to customers and their organizations. Final Thoughts The landscape of business intelligence and analytics solutions is vast and constantly evolving as companies strive to harness the full potential of data for organizations. This article showcases the top business intelligence companies in the industry that offer tailored solutions to meet the unique needs of various sectors. These business intelligence companies deliver innovative and robust solutions that empower businesses to extract valuable insights from their data resources. With a strong commitment to user-friendly interfaces and powerful functionalities, they enable organizations to gain a competitive edge in the market. As businesses navigate the complexities of data analysis, the expertise and offerings of these top business intelligence companies become invaluable. Through their tools and technologies, organizations can unlock the true potential of their data, identify growth opportunities, and make informed decisions that drive success.Explore the top business intelligence and analytics solution providers and discover how these tailored and innovative BI solutions to meet the unique needs of organizations across various sectors.

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Leveraging Big Data for Competitive Advantage: Benefits

Article | August 17, 2023

Big Data has grown more valuable, helping businesses grow with features like real-time insights and enhanced decision-making; investing in a data strategy helps to stay ahead of the competition. Contents 1. Introduction 2. Leveraging Big Data for Competitive Edge and Sales Growth 3. Benefits of Big Data Analytics in Businesses 3.1 Improved Customer Insights 3.2 Enhanced Operational Efficiency 3.3 Better Decision-Making 3.4 New Product Development 3.5 Competitive Intelligence and Market Research 4. The Path Ahead 1. Introduction The benefits of big data for organizations have amplified with the advent of digital transformation and the prevalence of cloud technology, the Internet of Things (IoT), and ubiquitous internet access. A comprehensive data strategy has become a prerequisite for organizations to retain their competitive edge and leverage big data's advantages. Data analytics is widely employed across different industries and departments, including finance, human resources, and online retail, to glean insights into customer behavior and identify fraudulent activities. In addition, big data in business assumes a critical role in furthering social good by facilitating the monitoring of emissions and pollutants, aiding against climate change. 2. Leveraging Big Data for Competitive Edge and Sales Growth Big data is vital for companies seeking to gain a competitive edge and foster innovation in the current business landscape. By leveraging big data, companies can quickly extract valuable insights from vast amounts of data. This requires investments in tools & technologies, and skilled data analysts & scientists. With a robust big data strategy in place, companies optimize operations, identify new opportunities, and drive innovation. Furthermore, data analytics plays a crucial role in boosting sales by providing insights into customer behavior, preferences, and buying patterns. Companies can optimize their marketing, pricing, and product placement strategies through data analysis, thus leading to increased revenue. Real-time data enables businesses to adapt to market changes quickly, improving their agility and competitiveness. Therefore, developing data analytics capabilities is imperative for businesses to stay ahead and gain a competitive edge. 3. Benefits of Big Data Analytics in Businesses 3.1 Improved Customer Insights Big data has revolutionized how businesses gain a competitive edge through data analytics, offering improved customer insights by analyzing their behavior, preferences, and sentiment toward products. As a result, companies personalize experiences, segment audiences, map customer journeys, and enhance satisfaction. By analyzing data from multiple sources, companies create a 360-degree view of their customers and offer targeted marketing campaigns. 3.2 Enhanced Operational Efficiency Big data improves operational efficiency through predictive maintenance, supply chain optimization, and fraud detection. Predictive maintenance reduces downtime and increases productivity by identifying potential equipment failures. Supply chain optimization streamlines logistics processes, reducing shipping times and costs. Fraud detection identifies and prevents fraudulent activities, protecting businesses from financial losses. 3.3 Better Decision-Making Data-driven decision-making is one of the benefits of using big data, as it provides real-time insights into market trends, customer preferences, and key performance indicators. This helps companies make informed decisions to drive growth and success. Additionally, big data improves decision-making by providing real-time analytics for risk assessment and management, allowing businesses to identify and mitigate potential risks before they become major issues. 3.4 New Product Development Big data uses in businesses enable creation of innovative products and services by analyzing customer feedback and market trends. By gaining insights into customer needs and preferences, businesses identify new opportunities and optimize & innovate their products. 3.5 Competitive Intelligence and Market Research Big data is helpful in providing competitive intelligence and market research. Social listening is a way for businesses to use big data to gain insights into customer sentiment, preferences, and behavior. By analyzing conversations on social media, companies can identify areas for improvement and create effective marketing campaigns. Competitor analysis is another crucial use case for big data in business. By analyzing data on competitors' strategies, businesses can adjust their own strategies and gain a competitive edge. For example, companies can optimize their offerings by tracking competitors' pricing strategies, marketing tactics, and product offerings. 4. The Path Ahead With the continuous evolution of technology, the benefits of big data in business have become increasingly significant in day-to-day operations. The proliferation of digital transformation has provided companies with access to an overwhelming amount of data. In order to maintain a competitive edge, it is imperative for organizations to establish a comprehensive data strategy. However, merely collecting data is insufficient to leverage the potential of big data fully. Companies must possess the necessary tools and expertise to analyze and interpret it. This necessitates investment in advanced analytics tools, as well as the recruitment of data scientists and analysts who can extract valuable insights from the data.

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Mastering BI: Key Business Intelligence Events to Attend in 2023

Article | July 4, 2023

Explore top business intelligence events in 2023 to leverage unparalleled networking opportunities, engaging discussions, and cutting-edge technologies. Stay ahead and unlock the true potential of BI. The ability to harness data and make informed decisions has become paramount for success in the increasingly data-driven world. To stay ahead of the curve and leverage the power of data, professionals in this field must actively engage in continuous learning, networking, and exploring the latest trends and technologies. Fortunately, there are numerous business intelligence conferences and events that cater specifically to the needs of business intelligence professionals. These gatherings provide industry experts, thought leaders and practitioners a platform to share their knowledge, exchange ideas, and showcase cutting-edge solutions. This article will explore a curated list of top BI events to attend for business intelligence and analytics professionals. These events are designed to empower professionals in their journey toward data-driven excellence. Delve into the world of business intelligence and analytics and uncover the key features and benefits of each event. 1.2023 International Conference on Business Analytics for Operations Excellence & Resilience (BAOER 2023) July 15 - 17, 2023 | Singapore BAOER (Business Analytics for Operations Excellence & Resilience) is a highly anticipated annual meeting that serves as a premier platform for industry professionals, researchers, and practitioners to gather and explore the latest advancements in business analytics. The event encompasses various engaging activities, including keynote talks, invited talks, oral presentations, poster presentations, and online sessions. One of the distinguishing features of BAOER is its commitment to quality and academic rigor. The conference invites submissions of papers and abstracts on various topics related to business analytics for Operations Excellence & Resilience, which undergo a meticulous peer-review process by the esteemed Conference Technical Program Committee. Accepted papers are not only presented at the conference but also hold the opportunity to be published in the prestigious International Conference Proceedings. By bringing together a diverse group of authors and speakers from across nations and regions, BAOER fosters a vibrant exchange of ideas and fresh perspectives. Attendees can delve into both theoretical and practical aspects of Operations Excellence & Resilience, gaining valuable insights and building fruitful connections. 2.Melbourne Business Analytics Conference August 2, 2023 | Melbourne (Australia) In today's fast-paced world, where AI and automation play a pivotal role, businesses must adapt and embrace data and digital transformation to remain competitive. With this in mind, Melbourne Business Analytics Conference is, focused on the compelling theme of 'Leading the way: Navigating Data and Digital Transformation in the Age of AI & Automation.' This highly anticipated event will bring together esteemed analytics academics, executives, and practitioners from around the globe. The program will feature a lineup of distinguished speakers who will share their cutting-edge research, real-world experiences, and success stories. Over 600 board members, senior executives, and industry professionals will converge for a power-packed, one-day conference. It will serve as an exceptional platform for knowledge-sharing and networking opportunities. The conference aims to equip Australian businesses with the tools and insights needed to gain a distinctive advantage by harnessing the trilingual insights of business, technology, and mathematics. Participants can expect to immerse themselves in the latest advancements in Machine Learning, AI, and advanced Data Analytics business applications. These valuable insights will help organizations optimize their strategies, drive innovation, and make data-driven decisions. 3.OSU Business Analytics Conference 2023 October 4 - 5, 2023 | Portland (Oregon) Prepare to embark on a unique learning journey at the 4th annual Business Analytics Conference hosted by the Oregon State Center for Business Analytics. This in-person event offers an unparalleled experience, allowing participants to learn from esteemed analytics experts in a dynamic combination of hands-on activities and engaging lectures. This year's conference will strongly emphasize on AI trends, forthcoming technical breakthroughs, innovative applications of AI, and the implications and opportunities it presents for businesses. The panel sessions will feature industry experts alongside faculty members from the College of Business, Engineering, and Liberal Arts. This diverse range of perspectives ensures a comprehensive exploration of the subject matter. Gain invaluable insights into integrating AI programs into your daily operations & long-term planning, along with the growing impact of AI on business strategies, operations, and the workforce. The event will serve as a platform for stimulating discussions around the changes and opportunities that AI can bring and equip organizations with the knowledge and readiness required to navigate the AI landscape effectively. 4.Future Data Driven Summit 2023 September 27, 2023 | Online The Future Data Driven Summit is a prestigious online event that centers around the Microsoft Data Platform, offering attendees an unparalleled opportunity to stay updated on the latest developments in the field. This highly anticipated summit aims to provide valuable insights and knowledge pertaining to Data & AI, DevOps, PowerBI & Visualization, Integration & Automation, and cloud infrastructure. Catering to a diverse audience of IT professionals, data engineers & analysts, data scientists, AI & machine learning engineers, business analysts, and developers, the Future Data Driven Summit will ensure that each participant can derive immense value from the event. With its comprehensive range of topics and sessions, this summit will cater to the needs and interests of professionals across various domains within the data ecosystem. Attendees will be privileged to engage in informative sessions led by subject matter experts, witness hands-on demos of cutting-edge technologies, and gain profound insights from industry leaders' keynote speeches. By participating in these activities, attendees can expand their knowledge base, enhance their skill sets, and stay abreast of the latest trends and advancements in the Microsoft Data Platform. 5.TDWI Executive Summit for Analytics August 7 - 8, 2023 | San Diego (California) The TDWI Executive Summit for Analytics is an interactive and highly curated event specifically designed for business leaders, data science professionals, and IT executives who bear the responsibility of selecting, managing, and extracting value from analytics applications, AI/ML, business intelligence, and the underlying data that powers them. Organizations today constantly rely on analytics to drive innovation, attract and retain customers, improve operational efficiency, and effectively manage risk. However, TDWI has identified a common challenge many organizations face—struggling to progress in their analytics journey. These difficulties often result in user frustration, errors, and increased costs. By attending the TDWI Executive Summit for Analytics, participants can acquire invaluable knowledge on accelerating their analytics journey and achieving optimal business outcomes. The event places a specific focus on deriving the highest value from data assets through analytics and AI/ML into strategies for fostering stakeholder collaboration and effectively scaling analytics and AI/ML initiatives, including the implementation of MLOps—a methodology for managing the machine learning lifecycle. Additionally, the summit will explore emerging trends and technologies, such as generative AI, enabling attendees to stay ahead of the curve. 6.Business Intelligence & Analytics Conference Europe November 7 - 10, 2023 | London (UK) The Business Intelligence & Analytics Conference Europe presents a unique and immersive four-day experience focused on learning and networking. This exceptional business intelligence event offers attendees unparalleled opportunities to connect and collaborate with professionals from Europe and beyond. The conference will encompass five tracks and hosts over 45 sessions, ensuring a comprehensive and diverse range of topics to explore. Through a myriad of fascinating case studies, attendees can learn from various organizations' past successes and challenges. This firsthand knowledge-sharing provides invaluable practical insights that can be applied in real-world scenarios. Broadening knowledge and gaining insights from internationally renowned experts is a key highlight of the event. These experts bring their wealth of experience and expertise to the forefront, sharing innovative approaches and best practices that can drive success in business intelligence and analytics. A notable roster of esteemed organizations participated in the previous year's conference edition. Among notable names were Aizonic, Allianz, AstraZeneca, Bank of England, Dufrain, Volva Penta and many more. The presence of such esteemed organizations further reinforces the conference's credibility and significance within the industry. 7.Data & Analytics Live July 25, 2023 | Online Data & Analytics Live is a highly immersive event that brings a multitude of data and analytics professionals from across North America, offering a full day of learning, networking, and collaboration, catering to newcomers to the field and seasoned industry leaders. Attendees can expect to gain valuable insights and takeaways from renowned speakers sharing their insights into the solutions required to address the most pressing challenges faced by the data and analytics community. These thought leaders will provide invaluable perspectives and expertise, guiding participants toward effective strategies and innovative approaches. One of the key highlights of Data & Analytics Live is the opportunity to discover the latest trends and solutions provided by leading industry providers. Navigating uncharted territory in the data and analytics landscape can be complex, but this event will equip attendees with the knowledge and resources to navigate confidently. Data & Analytics Live will offer a glimpse into how data and analytics are revolutionizing businesses across industries and serves as a unique platform to interact with industry leaders, influential technologists, and pioneering data scientists shaping the future of data and analytics. 8.Customer Analytics Summit September 10 - 12, 2023 | Jersey City (New Jersey) The Customer Analytics Summit is an exciting event designed specifically for professionals in the data and customer insights community. Tailored to address the most pertinent issues in this field, the summit provides a unique opportunity to gain insights from highly successful leaders in data and customer insights. This event will offer an authentic peer-to-peer learning experience, fostering meaningful exchanges among professionals who understand the challenges and opportunities within the data and analytics space. The Customer Analytics Summit showcases renowned industry leaders who will share their expertise and experiences in maximizing the potential of data-driven insights. Attendees will discover how these leaders have harnessed data-driven, actionable insights to unlock exceptional customer value. In addition to insightful presentations, the summit will also provide focused individual discussion groups. These groups offer a platform for in-depth conversations on topics currently shaping the data and analytics landscape. Moreover, the summit will include interactive workshops that provide hands-on training on the latest tools, techniques, and strategies in data and analytics. The Customer Analytics Summit is a must-attend event for professionals seeking to stay at the forefront of the data and customer insights industry. 9.BI Innovation & Tech Fest September 18 - 19, 2023 | Sandton (South Africa) The business intelligence, analytics, and data environment is undergoing an extraordinary transition in today's rapidly evolving world. In this context, the annual BI Innovation & Tech Fest stands out as a premier event that celebrates and empowers individuals passionate about driving innovation in the business intelligence function from multiple perspectives - people, processes, and technology. This extraordinary BI event will provide attendees with a world-class experience, offering an unparalleled agenda that covers a wide range of topics critical to the industry. Whether exploring the latest advancements in AI and machine learning applied to business intelligence, mastering data reporting, visualization, and time analytics or delving into cloud-based BI and self-service BI, the event will present a comprehensive platform to stay ahead of the curve. One of the highlights of BI Innovation & Tech Fest is its emphasis on creating opportunities for networking and collaboration. Attendees will gain access to leading partners and vendors in the business intelligence space, providing valuable insights into cutting-edge technologies, tools, and solutions. The event will foster an environment where professionals can exchange ideas, forge new connections, and engage in meaningful conversations that drive innovation and excellence. 10.Big Data LDN (London) September 20-21, 2023 | Olympia London Big Data LDN (London) is the preeminent free-to-attend conference and exhibition in the UK, dedicated to data, analytics, and AI. With a host of renowned experts in these fields, the event equips attendees with the necessary tools to drive their most effective data-driven strategies. It will bring together over 180 leading technology vendors and consultants, providing a platform for in-depth discussions about business requirements and the latest advancements in the industry. One of the event's key highlights is the opportunity to hear from 300 expert speakers across 15 technical and business-led conference theatres. These speakers will present real-world use cases, share insights, and engage in panel debates, providing attendees with valuable knowledge and practical examples to apply in their organizations. In addition, the event offer exceptional networking opportunities, allowing attendees to connect with their peers, industry experts, and thought leaders. This networking aspect is invaluable for fostering collaborations, exchanging ideas, and building relationships to drive future field success. Big Data LDN goes well beyond the conference sessions and exhibitions by offering free on-site data consultancy services. Conclusion Business intelligence and analytics are evolving unprecedentedly, driven by technological advancements, data availability, and the growing need for data-driven decision-making. Attending industry conferences and events is crucial for professionals in this field to stay abreast of the latest trends, learn from experts, network with peers, and discover innovative solutions. Attending these top business intelligence events allows professionals to gain the knowledge, skills, and connections necessary to excel in their roles. These conferences provide a platform for sharing ideas, learning best practices, and exploring the latest advancements in the field. They serve as catalysts for growth, enabling individuals to unlock the full potential of data and analytics in their organizations. In this era of data-driven decision-making, seize the opportunities, and embark on a journey of continuous learning and professional development through these top business intelligence events in the BI and analytics domain.

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Business Intelligence, Big Data Management, Big Data

Implementing Data Analytics: Emerging Big Data Tools in 2023

Article | July 10, 2023

Discover the prominent big data analytics tools in 2023 and unlock the full potential of big data. Leverage data-driven decision-making to gain insights and implement strategies to accelerate growth. Adopting Big Data Analytics Tools In the current data-driven world, organizations increasingly recognize the value of data analytics in driving businesses’ success. As the volume and complexity of data continue to grow, staying at the forefront of data analytics tools and technologies becomes crucial for businesses to gain actionable insights and make informed decisions. As we delve into 2023, it becomes paramount for businesses to keep pace with emerging cutting-edge big data tools. These tools serve as catalysts for enterprises to harness the power of data analytics effectively. By adopting the right tools and technologies, organizations gain a competitive advantage, foster innovation, and make data-driven decisions that accelerate their growth in an ever-evolving digital landscape. This article delves into the realm of data analytics and explores the emerging big data analytics tools poised to have a significant impact in 2023. From sophisticated machine learning algorithms that push the boundaries of analysis to robust data visualization platforms that bring insights to life, these tools present captivating opportunities for organizations to unlock the full potential of their data and derive actionable intelligence. Exploring Key Trends and Emerging Tools One of the key trends in the data analytics landscape is the rise of cloud-based analytics platforms. These platforms provide scalability, flexibility, and accessibility, allowing businesses to leverage the power of distributed computing and storage for their data analysis needs. With cloud-based tools, organizations can easily process and analyze large volumes of data without significant infrastructure investments. Another emerging trend is integrating artificial intelligence and machine learning into data analytics workflows. AI-powered analytics tools enable businesses to automate data processing, uncover hidden patterns, and generate predictive insights. ML algorithms can learn from vast amounts of data, continuously improving accuracy and enabling organizations to make data-driven decisions with precision. Furthermore, big data visualization tools are becoming increasingly sophisticated, enabling users to transform intricate data into interactive visual representations. These tools facilitate enhanced comprehension and interpretation of data, allowing stakeholders to swiftly extract insights with efficacy. Moreover, the convergence of big data and internet of things (IoT) technologies is creating new opportunities. As IoT devices generate vast amounts of data, organizations can leverage tools for big data analytics to capture, store, and analyze this data, uncovering valuable insights and driving innovation in various industries. Top Big Data Tools to Lookout For: 1. Talend Data Fabric Cloud Integration Software by Talend Talend Data Fabric is an integrated data management and governance platform that enables organizations to access, transform, move and synchronize big data across the enterprise. It provides a comprehensive suite of tools and technologies to address data integration, quality, governance, and stewardship challenges. The platform allows users to access and work with data, regardless of location or format, whether in traditional databases, data lakes, cloud environments, or even in real-time streaming sources. This flexibility empowers organizations to leverage their data assets more effectively and make data-driven decisions. 2. Alteryx Platform Predictive Analytics Software by Alteryx Alteryx is a user-friendly data analytics platform that enables efficient processing and analysis of large datasets. It empowers users to quickly derive valuable insights from data without extensive coding skills. Alteryx facilitates the automation of analytics tasks at scale and enables intelligent decision-making across the organization. The platform provides a comprehensive set of tools, including automated data preparation, analytics, machine learning capabilities, and AI-generated insights. Its intuitive interface enables seamless data access from diverse sources like databases, cloud-based data warehouses, and spreadsheets. Alteryx simplifies data blending and preparation from multiple sources, ensuring high-quality and analysis-ready data for enhanced decision-making. 3. Adverity Data Integration Platform Adverity is a comprehensive data platform that automates data connectivity, transformation, governance, and utilization at scale. It simplifies the arduous task of cleansing and merging data from diverse sources, encompassing sales, finance, and marketing channels, to establish a reliable source of business performance information. The platform seamlessly integrates with multiple databases and cloud-based software, providing access to previously inaccessible data. Adverity empowers users to efficiently analyze incoming data from any source and format, facilitating the discovery of patterns, trends, and correlations. Its robust dashboard enables real-time interaction with data, empowering businesses to make faster, smarter decisions. 4. GoodData Cloud BI and Analytics Platform GoodData is an advanced cloud-based analytics platform that offer intuitive and user-friendly tools for data analysis, embeddable data visualizations, and seamless application integration solutions. Its API-first approach enables users to effortlessly aggregate, analyze, and visualize its data in real time, facilitating swift and effective decision-making. In addition, the platform's microservice-based architecture integrates seamlessly with existing ecosystems, providing a comprehensive end-to-end data analytics solution. With its scalable architecture and straightforward setup, GoodData is an excellent choice for businesses seeking powerful insights without expensive infrastructure investments. 5. Datameer Data Preparation Tool Datameer is an advanced analytics and data science platform designed to help businesses quickly discover insights in their enterprise data. It enables users to connect to multiple data sources effortlessly, employing a user-friendly drag-and-drop interface to transform data and create interactive visualizations and dashboards. The platform also offers access to various analytics tools, including predictive analytics and machine learning algorithms. By simplifying the data exploration process, Datameer provides an intuitive and robust environment for loading, storing, querying, and manipulating data from any source. This streamlined approach aids businesses in reducing time-to-insight by revealing previously concealed relationships and trends. Final Thoughts In the dynamic and data-intensive landscape of 2023, organizations must prioritize the integration of data analytics and adopting emerging big data tools. Adopting emerging tools for big data analytics empowers organizations to seamlessly collect, store, process, and analyze vast volumes of data in real time, providing valuable insights and enabling timely decision-making. However, to fully capitalize on the benefits of these tools, organizations must invest in skilled data professionals who can adeptly leverage these tools to extract meaningful insights. Data literacy and cultivating a data-driven culture within the organization are pivotal components for success in the data-driven landscape of 2023. Organizations can thrive in the ever-evolving realm of data analytics by fostering an environment where data is valued and utilized to drive business outcomes.

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DataStorm Digital

DataStorm Digital focused on Big Data solutions, providing services and products that helps companies to get the most of their data, creating valuable insights as business advantages. Aiming to be the leader on Big Data solutions DSD has been driven by innovation, creating a unique set of process and techniques regarding data mining and analytics. Our services includes high complex analytics for banking, insurance, telecom and retail companies, such as: predictive churn, data richness and fraud analysis, as well as technology road-map and implementation, including: parallel processing with Hadoop and general MapReduce functions, querying with Hive, Pig, NoSQL implementations with MongoDB and Cassandra and interactive data visualization.

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Big Data Management

Microsoft's AI Data Exposure Highlights Challenges in AI Integration

Microsoft | September 22, 2023

AI models rely heavily on vast data volumes for their functionality, thus increasing risks associated with mishandling data in AI projects. Microsoft's AI research team accidentally exposed 38 terabytes of private data on GitHub. Many companies feel compelled to adopt generative AI but lack the expertise to do so effectively. Artificial intelligence (AI) models are renowned for their enormous appetite for data, making them among the most data-intensive computing platforms in existence. While AI holds the potential to revolutionize the world, it is utterly dependent on the availability and ingestion of vast volumes of data. An alarming incident involving Microsoft's AI research team recently highlighted the immense data exposure risks inherent in this technology. The team inadvertently exposed a staggering 38 terabytes of private data when publishing open-source AI training data on the cloud-based code hosting platform GitHub. This exposed data included a complete backup of two Microsoft employees' workstations, containing highly sensitive personal information such as private keys, passwords to internal Microsoft services, and over 30,000 messages from 359 Microsoft employees. The exposure was a result of an accidental configuration, which granted "full control" access instead of "read-only" permissions. This oversight meant that potential attackers could not only view the exposed files but also manipulate, overwrite, or delete them. Although a crisis was narrowly averted in this instance, it serves as a glaring example of the new risks organizations face as they integrate AI more extensively into their operations. With staff engineers increasingly handling vast amounts of specialized and sensitive data to train AI models, it is imperative for companies to establish robust governance policies and educational safeguards to mitigate security risks. Training specialized AI models necessitates specialized data. As organizations of all sizes embrace the advantages AI offers in their day-to-day workflows, IT, data, and security teams must grasp the inherent exposure risks associated with each stage of the AI development process. Open data sharing plays a critical role in AI training, with researchers gathering and disseminating extensive amounts of both external and internal data to build the necessary training datasets for their AI models. However, the more data that is shared, the greater the risk if it is not handled correctly, as evidenced by the Microsoft incident. AI, in many ways, challenges an organization's internal corporate policies like no other technology has done before. To harness AI tools effectively and securely, businesses must first establish a robust data infrastructure to avoid the fundamental pitfalls of AI. Securing the future of AI requires a nuanced approach. Despite concerns about AI's potential risks, organizations should be more concerned about the quality of AI software than the technology turning rogue. PYMNTS Intelligence's research indicates that many companies are uncertain about their readiness for generative AI but still feel compelled to adopt it. A substantial 62% of surveyed executives believe their companies lack the expertise to harness the technology effectively, according to 'Understanding the Future of Generative AI,' a collaboration between PYMNTS and AI-ID. The rapid advancement of computing power and cloud storage infrastructure has reshaped the business landscape, setting the stage for data-driven innovations like AI to revolutionize business processes. While tech giants or well-funded startups primarily produce today's AI models, computing power costs are continually decreasing. In a few years, AI models may become so advanced that everyday consumers can run them on personal devices at home, akin to today's cutting-edge platforms. This juncture signifies a tipping point, where the ever-increasing zettabytes of proprietary data produced each year must be addressed promptly. If not, the risks associated with future innovations will scale up in sync with their capabilities.

Read More

Big Data Management

SAS accelerates delivery of novel medicines using AI and analytics

WebWire | September 29, 2023

SAS, a leader in AI and analytics, is helping to revolutionize the use of clinical trial data so new medicines can be delivered to patients faster than before. After a thorough evaluation, SAS has been chosen by global biopharmaceutical company AstraZeneca to help increase efficiency and drive automation in the delivery of statistical analyses for clinical and post-approval submissions to regulatory authorities, via SAS’s cloud-based software and technologies. SAS will support the redesign of clinical and patient data flow by delivering industry-leading analytics and AI, manage changing trial designs in a fast-evolving regulatory environment, enable data re-use, and help accelerate reporting and submission timelines. It will also deliver increased capacity, automation, interoperability, and flexibility to bring in and analyze diverse and novel patient data sources – such as those coming from wearables, sensors and precision medicine – as part of the submissions process. This will be achieved by supporting the analysis and reporting phases with SAS® Life Science Analytics Framework and SAS® Viya®, a scalable and powerful cloud-based industry platform enabling swift decision-making regardless of data volumes or complexity using modern cloud technologies. This has the potential to provide significant productivity gains by driving faster time to market and reduced IT costs. The SAS and AstraZeneca partnership will enable teams across the organization to collaborate and increase clinical research innovation. Christopher J Miller, VP Biometrics at AstraZeneca, said, This partnership with SAS supports the transformation of how we use clinical data to support our patient-centric approach and focus on getting medicines to patients faster than ever before. It will also allow us to introduce new ways of working and embrace new technologies and trial models to accelerate our portfolio. Bryan Harris, SAS Executive Vice President and Chief Technology Officer, said, “I’m delighted that SAS is building on the strong relationship it has had with AstraZeneca over many years by being part of this transformation program. The work they do positively impacts the lives of millions of people around the world. “This is exciting because we have solidified a great foundation between our companies, but we also recognize we are just scratching the surface. We pay attention to technology and the advancements in AI, and we thrive on thinking through how our technology blended with AstraZeneca’s expertise and insight can create new medical solutions for their customers.” About SAS SAS is a global leader in AI and analytics software, including industry-specific solutions. SAS helps organizations transform data into trusted decisions faster by providing knowledge in the moments that matter. SAS gives you THE POWER TO KNOW®.

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Big Data Management

Ocient's Report Reveals Surge in Hyperscale Data's Impact on Firms

Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

Read More

Big Data Management

Microsoft's AI Data Exposure Highlights Challenges in AI Integration

Microsoft | September 22, 2023

AI models rely heavily on vast data volumes for their functionality, thus increasing risks associated with mishandling data in AI projects. Microsoft's AI research team accidentally exposed 38 terabytes of private data on GitHub. Many companies feel compelled to adopt generative AI but lack the expertise to do so effectively. Artificial intelligence (AI) models are renowned for their enormous appetite for data, making them among the most data-intensive computing platforms in existence. While AI holds the potential to revolutionize the world, it is utterly dependent on the availability and ingestion of vast volumes of data. An alarming incident involving Microsoft's AI research team recently highlighted the immense data exposure risks inherent in this technology. The team inadvertently exposed a staggering 38 terabytes of private data when publishing open-source AI training data on the cloud-based code hosting platform GitHub. This exposed data included a complete backup of two Microsoft employees' workstations, containing highly sensitive personal information such as private keys, passwords to internal Microsoft services, and over 30,000 messages from 359 Microsoft employees. The exposure was a result of an accidental configuration, which granted "full control" access instead of "read-only" permissions. This oversight meant that potential attackers could not only view the exposed files but also manipulate, overwrite, or delete them. Although a crisis was narrowly averted in this instance, it serves as a glaring example of the new risks organizations face as they integrate AI more extensively into their operations. With staff engineers increasingly handling vast amounts of specialized and sensitive data to train AI models, it is imperative for companies to establish robust governance policies and educational safeguards to mitigate security risks. Training specialized AI models necessitates specialized data. As organizations of all sizes embrace the advantages AI offers in their day-to-day workflows, IT, data, and security teams must grasp the inherent exposure risks associated with each stage of the AI development process. Open data sharing plays a critical role in AI training, with researchers gathering and disseminating extensive amounts of both external and internal data to build the necessary training datasets for their AI models. However, the more data that is shared, the greater the risk if it is not handled correctly, as evidenced by the Microsoft incident. AI, in many ways, challenges an organization's internal corporate policies like no other technology has done before. To harness AI tools effectively and securely, businesses must first establish a robust data infrastructure to avoid the fundamental pitfalls of AI. Securing the future of AI requires a nuanced approach. Despite concerns about AI's potential risks, organizations should be more concerned about the quality of AI software than the technology turning rogue. PYMNTS Intelligence's research indicates that many companies are uncertain about their readiness for generative AI but still feel compelled to adopt it. A substantial 62% of surveyed executives believe their companies lack the expertise to harness the technology effectively, according to 'Understanding the Future of Generative AI,' a collaboration between PYMNTS and AI-ID. The rapid advancement of computing power and cloud storage infrastructure has reshaped the business landscape, setting the stage for data-driven innovations like AI to revolutionize business processes. While tech giants or well-funded startups primarily produce today's AI models, computing power costs are continually decreasing. In a few years, AI models may become so advanced that everyday consumers can run them on personal devices at home, akin to today's cutting-edge platforms. This juncture signifies a tipping point, where the ever-increasing zettabytes of proprietary data produced each year must be addressed promptly. If not, the risks associated with future innovations will scale up in sync with their capabilities.

Read More

Big Data Management

SAS accelerates delivery of novel medicines using AI and analytics

WebWire | September 29, 2023

SAS, a leader in AI and analytics, is helping to revolutionize the use of clinical trial data so new medicines can be delivered to patients faster than before. After a thorough evaluation, SAS has been chosen by global biopharmaceutical company AstraZeneca to help increase efficiency and drive automation in the delivery of statistical analyses for clinical and post-approval submissions to regulatory authorities, via SAS’s cloud-based software and technologies. SAS will support the redesign of clinical and patient data flow by delivering industry-leading analytics and AI, manage changing trial designs in a fast-evolving regulatory environment, enable data re-use, and help accelerate reporting and submission timelines. It will also deliver increased capacity, automation, interoperability, and flexibility to bring in and analyze diverse and novel patient data sources – such as those coming from wearables, sensors and precision medicine – as part of the submissions process. This will be achieved by supporting the analysis and reporting phases with SAS® Life Science Analytics Framework and SAS® Viya®, a scalable and powerful cloud-based industry platform enabling swift decision-making regardless of data volumes or complexity using modern cloud technologies. This has the potential to provide significant productivity gains by driving faster time to market and reduced IT costs. The SAS and AstraZeneca partnership will enable teams across the organization to collaborate and increase clinical research innovation. Christopher J Miller, VP Biometrics at AstraZeneca, said, This partnership with SAS supports the transformation of how we use clinical data to support our patient-centric approach and focus on getting medicines to patients faster than ever before. It will also allow us to introduce new ways of working and embrace new technologies and trial models to accelerate our portfolio. Bryan Harris, SAS Executive Vice President and Chief Technology Officer, said, “I’m delighted that SAS is building on the strong relationship it has had with AstraZeneca over many years by being part of this transformation program. The work they do positively impacts the lives of millions of people around the world. “This is exciting because we have solidified a great foundation between our companies, but we also recognize we are just scratching the surface. We pay attention to technology and the advancements in AI, and we thrive on thinking through how our technology blended with AstraZeneca’s expertise and insight can create new medical solutions for their customers.” About SAS SAS is a global leader in AI and analytics software, including industry-specific solutions. SAS helps organizations transform data into trusted decisions faster by providing knowledge in the moments that matter. SAS gives you THE POWER TO KNOW®.

Read More

Big Data Management

Ocient's Report Reveals Surge in Hyperscale Data's Impact on Firms

Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

Read More

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