Click Fraud Protection

Connecting...

IT must lay foundations for business intelligence and analytics

News | Analytics | Current economic climate | Business intelligence

W1siziisijiwmtcvmduvmdqvmdkvntivndmvodqyl2l0lw11c3qtbgf5lwzvdw5kyxrpb25zlwzvci1idxnpbmvzcy1pbnrlbgxpz2vuy2utyw5klwfuywx5dgljcy5qcgcixsxbinailcj0ahvtyiisijewmdb4ndawiyjdxq

The popularity of analytics

IT companies have seen a wide number of new technologies emerge in the last ten years.

Thanks to the imagination and innovative nature of developers, the opportunities brought by the internet have maximised in recent years, with services such as business intelligence and analytics now playing a greater role in the operations of companies.

In particular, analytics allows organisations to find out more about their audience, which can potentially boost their customer services and even increase their profits.

For these reasons, the technology is much sought-after by companies, especially in the current economic climate where all businesses are at threat if they do not adopt efficient and cost-effective approaches.

Analytics also gives organisations the chance to measure risk quantitatively and uncover factors that are vital to managing and reducing risk, while it will also increase speed and decrease delays.

What recruiters should look for

Due to data analytics’ rise to prominence in recent years, more companies are now looking to recruit individuals with knowledge in the field.

However, the technology is in a constant state of evolution and is prone to change at any point, so bosses should look for individuals who have comprehensive knowledge of the sector.

By employing such experts, companies could lead the way when it comes to new data trends, ensuring they are never left behind their competition.

Gartner’s research

Gartner is one organisation that has investigated the effects that business intelligence (BI) and analytics can have on companies.

It outlined that IT needs to lay the foundations for a world where BI and analytics will help to reinvent business models. Analysts at the company believe that the influence of the technology will grow significantly in the coming years.

Although IT projects have been the primary focus of the technology, the Nexus of Forces, which Gartner uses to describe a host of digital technologies, will cause the effects of analytics to increase substantially.

The organisation has estimated that analytics will reach 50 per cent of potential users by 2014, with the figure expected to reach 50 per cent of users by 2014, before rising further to 75 per cent in 2020.

Dan Sommer, principal research analyst at Gartner, said: “We are rapidly heading towards a world of analytics everywhere. 

“Gartner predicts that analytics will reach 50 percent of potential users by 2014. By 2020, that figure will be 75 percent, and we will be in a world where systems of record, systems of differentiation and systems of innovation are enabling IT, business and individuals to analyze data in a much denser fashion than before. Post 2020 we’ll be heading toward 100 percent of potential users and into the realms of the Internet of Everything.”

What could stop more adoption of BI and analytics?

Gartner outlined three factors that could dissuade the sustained adoption of BI and analytics by users, which are ease of use, performance and relevance.

There is a vast array of technologies addressing these, including interactive virtualisation.

Commenting on the software, Mr Sommer explained: “These are tools with appealing user interfaces, where you can mash data up, often into memory.

“This segment grows three times faster than traditional BI front-ends, and is expected to reach $1 billion (£657,000) in value by the end of next year. The vendors that dominate this segment are newer vendors, such as QlikTech, Spotfire and Tableau.”

He emphasised, however, that MicroStrategy, IBM, Microsoft and SAS have all launched products in the last year to propel the segment into a “more competitive phase”, guaranteeing that data discovery has arrived as a mainstream architecture.

 


Posted by Jon Aspinell on 29th June 2013

SHARE

LATEST JOBS
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

ETL Developer - £55,000 - London

London, England

Up to £55000 per annum

A fantastic opportunity has arisen for a talented middleware developer to join a successful international company in ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Support Analyst (Standalone) - Lon...

City of London, London

£45000 - £48000 per annum + equity options

Systems Administrator / Infrastructure Analyst / IT Manager - London - £48,000 Join a young and fast growing FinTech ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Digital Project Manager

Tamworth, Staffordshire

£23000 - £31000 per annum + great bens

A growing online education business and membership body is seeking a Digital Project Manager to support the customer ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Accountant

City of London, London

£40000 - £55000 per annum + benefits

A global insurance provider is seeking a newly qualified Accountant to join their London based team of loss adjusters...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

BizTalk Developer - Chertsey, Surrey

Chertsey, Surrey

£50000 - £55000 per annum

BizTalk Developer- Chertsey, Surrey Flexible hours and option to work 2 days per week from home A highly successful g...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Windows & Mac Infrastructure Engineer

Waltham Cross, Hertfordshire

£55,000

To be considered for this position you MUST have previous experience supporting both Windows and Apple Mac systems in...

READ MORE
W1siziisijiwmtgvmdqvmtgvmtmvmjmvnduvnza0l1jlbw90zs1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

How can you ensure cohesive communication with a team of remote workers?

Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...

READ STORY

W1siziisijiwmtgvmdevmjqvmdgvntkvmtavndyyl2ltywdlmtqtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Can HR tech ease workplace conflict?

Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...

READ STORY

W1siziisijiwmtgvmdevmtyvmdgvntcvmzcvmtk5l1dlbgwxyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

What to prioritise in your employee experience

The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...

READ STORY

W1siziisijiwmtgvmdevmtavmtyvmdavntmvmtyzl0ltywdlntatbwluicgxks5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Insight

What can HR expect in 2018?

HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...

READ STORY

W1siziisijiwmtcvmtevmjgvmtcvmdevndqvnzivaw1hz2uyni1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

From communication to drive: The importance of soft skills

Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavntqvmzivotuvaw1hz2uxns1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Only one in three workers say their employers offer training

Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...

READ STORY