Business Intelligence and Big DataBy Guy Currier | Posted 2011-12-07 Email Print
Baselineâ€™s exclusive annual research study of midsize and large organizations reveals the 10 trends that will play a significant role in enterprises in the coming year.
Trend 5: Business Intelligence and Big Data
More than a third of midsize and larger organizations are boosting their deployment of business intelligence (BI) or business analytics (BA), according to our study. A third are expanding the platforms on which BI/BA will be reportedâ€”including desktop clients, clouds and mobile platforms, especially tablets. Even knowledge management applications are seeing this boost in a quarter of the firms we surveyed.
Perhaps more significantly, a fifth of these organizations expect increasing integration of the rich, unstructured data streams (called â€śbig dataâ€ť) into corporate data resources. This is a strong indication that the data rush will accelerate in 2012, as expanding information resources become the new frontiers for business growth.
For Premier, a Charlotte, N.C.â€“based organization that provides business solutions to the health care industry, big data represents a major expansion of operations. â€śToday, health care providers need to understand financial riskâ€ť more than they used to, says Randy Thomas, vice president of portfolio strategy and design.
Premier uses IBM business analytics to collect and analyze highly disparate and decentralized data streamsâ€”such as patient care, labor or supply chain informationâ€”from numerous providers, and deliver their analysis back to those providers as a growing part of their service offering. â€śThere is a lot of market demand for a complete solution,â€ť Thomas says. Their biggest challenge? â€śFiguring out what to do first.â€ť
For more, read Baseline's Top 10 Business Trends of 2012.