Big Data Analysis of Practically All Data Types is on the Rise The data companies are using for big data analysis reflects the widespread use of standard BI technologies in big data. Among companies that already use big data analytics, data from transaction systems is the most common type of data analyzed (64 percent). This data […]
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The importance of data quality and master data management is very clear: people can only make the right data-driven decisions if the data they use is correct. Without sufficient data quality, data is practically useless and sometimes even dangerous. But despite its importance, the reality in many of today’s organizations looks quite gloomy: data quality has been
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BI Tools Need to Turn Data into Insights and Action There are many reasons why organizations adopt business intelligence and analytics tools, and many ways these solutions are put to work to benefit the organization. All projects, however, have the common goal to use business intelligence software to turn data into insights and action. As the
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Who Manages and Governs Data for Decision-Making? In earlier articles, we have seen that 68% of respondents believe that information will be highly valued for decision-making in the future, but that deficiencies in the availability of information and data quality are major inhibitors to using information. Since decisions based on information can only be as good as the
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Big Data Benefits Exceed Expectations Before a big data project, companies need to ask themselves a very important question: What do we want to get out of this? It is not easy to answer, especially because big data is still relatively new and empirical data about experiences with it is limited. To shed some light on the
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Self-service business intelligence (BI) has been on organizations’ wish lists for a long time, and data from the BARC BI Trend Monitor 2017 confirms that it is still a high priority. The ever-growing demand is a result of business users’ need for more flexibility and self-reliance in reporting and analysis. What Is Self-Service BI? Self-service BI is a trend with
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How Many Data Sources Do Companies Rely On For Decision-Making? Using internal and external data is an essential element in good decision-making. Companies that use more internal and external data sources possess a greater range of possibilities for data analysis. But how many internal and external data sources are companies using for decision-making? To find out,
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Companies Still Rely Heavily on Standard BI Tools for Big Data Analytics, but Change Is in the Air For a long time, discussions about big data have centered around its technical aspects but now the focus has switched to actual usage scenarios. Nevertheless, the technologies and tools companies use for big data is still highly
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How Much of the Information Available to Businesses Is Actually Used? Our data shows that almost half of all business decisions made are based on gut feel rather than data. The primary reason for this is missing information. But even when all the relevant information is available, are companies making full use of it? We asked our
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Visualization and explorative data analysis for business users (known as data discovery) have evolved into the hottest business intelligence and analytics topic in today’s market. 2,800 BI professionals confirmed its importance for the second year in a row in BARC’s BI Trend Monitor 2017. In this article, we will explain our view on data discovery and
Data Discovery: A Closer Look at One of 2017’s Most Important BI Trends Read More »
