Business Intelligence and Big Data
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 reported—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 “big data”) 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.–based organization that provides business solutions to the health care industry, big data represents a major expansion of operations. “Today, health care providers need to understand financial risk” 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 streams—such as patient care, labor or supply chain information—from numerous providers, and deliver their analysis back to those providers as a growing part of their service offering. “There is a lot of market demand for a complete solution,” Thomas says. Their biggest challenge? “Figuring out what to do first.”
For more, read Baseline's Top 10 Business Trends of 2012.