Top BI trends and predictions for 2017
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The document discusses emerging trends in business intelligence (BI) and the increasing importance of cloud technology, data automation, and advanced analytics. It highlights the challenges posed by big data, including its volume, velocity, variety, and veracity, and underlines the need for automated data integration and new insights for users. The document also emphasizes the limitations of traditional data management and the growing role of AI in facilitating effective business intelligence.
Top BI trends and predictions for 2017
- 1. Panorama’s Experts Top BI Trends for
- 2. Your Presenter of the Future Tomer is a key leader in defining the future of BI. Tomer holds a B.Sc. in Engineering and an MBA from Tel Aviv University.
- 4. 10 - BI is here, there and everywhere. •Cloud • More and more – even if concerns remain • The economics are there • Vendors will offer more incentives for cloud offerings •Form factors • More mobile – less desktop • Augmented reality
- 5. The 4 “V”s of Big Data – Volume – Exceed the regular physical restrictions. – Velocity – Smaller decision window and data change rate. – Variety – Many uncleansed formats make the integration difficult. – Veracity – Different data types that speak in different languages. 9 - The rise of the three Vs
- 6. 8 – Too much data • This is not news… • But can you handle all this data? And how?
- 7. 7 - Automated Data Integration Data is accelerating • More data sources • More data • More software to take advantage of it Other data sources you have are also accelerating in size and complexity • Customer interactions • Operational data • Regulatory requirements Blending the data is essential to derive the needed insights How many people do you have to manage all this? Will you accelerate your hiring? The Answer – automated data ETL, handling, integration, and publishing • Without it – no IOT, no Big Data, no Insights, no value
- 8. 6 - Fading of the centralized on–premise Data Warehouse The pain • Agility it is not • Scalability tough • Price expensive to set up and operate • Automation what? • Versatility of data types so let’s make it into a table The cure • Federated data and metadata handling • Continuously add data sources of a variety of types • Grow, change - static • Automation!!! (or pay-up) • Versatility of data types so let’s use it
- 9. 5 – Death to slow data sources • Remember our DTW: • The pain • … • The cure • Federated data and metadata handling • … • This only works if the data sources can react quickly. • Luckily most are adapting to the new world. • Main villains in this story – • Hadoop - Great for storing data – awful retrieval • Middlewares of all sorts • The old DB technologies
- 10. 4 - Data exchanges • We are taught to believe that what makes us competitive is our data – THIS IS TRUE • But – much of the data we would like to use is public • Economic data • Currencies, stocks and indexes • KPIs • Geo-materials • Holidays • The easier it is to add new data sources the more there is a need for the ability to purchase / exchange these data sets
- 11. 3 - It is all about the insights • Users are baffled by the amount of data thrown at them • Trivial KPIs fail to deliver competitive edge • Users really need Insights • The next generation of KPIs • Automatic • Suggestive analytics • Predictive • Value driving
- 12. 2 – Data Scientists are NOT the answer • The number of data scientists will NEVER grow by as much as the data. • The data complexity is such that soon they will all need to be Einsteins… • The idea of Big Data = Data Scientists will simply never add up.
- 13. 1 - AI of Business Intelligence data • The solution – AI of Business Intelligence data • Intelligent systems that learns and can suggest what you need to know based on (for example): • Your previous operations • Your colleagues operations • Collaboration history • Data that has interesting attributes • The data behavior • The result – See what you need – not what you are used to.
- 14. tpaz@panorama.com Panorama Software Or come to our web site (www.panorama.com) • Try Necto– it is easy and FREE • Read other BI industry analysis in our blog • Learn all about Necto Would you like to discuss this further?