SAS survey shows big data needs big commitments

COMPUTING

|
Image: By BiztechAfrica
SAS survey shows big data needs big commitments

Businesses know that there are organisational benefits to analysing big data, but there is a need for cohesion in the way that this is budgeted for, monitored and stored, a SAS survey in South Africa has revealed.

SAS, a provider of business analytics software, conducted a survey at the SAS Executive Forum to get a broad view of the South African business analytics landscape. Crucial to the marketplace's understanding of big data and what to do with it, a definition for the concept was needed.

Of the executive forum attendees who participated in the survey, 67% selected the definition as “data with high volume, variety and velocity”, which is in line with SAS's definition of big data. “We even take this a step further, stating that big data also exceeds an organisation's storage or compute capacity for timely decision making,” says Andoret Venter, senior solutions manager,  Information Management at SAS.

The solution, then, is to use business analytics solutions that can provide answers fast. The SAS Forum delegates agree, with 76% agreeing that that big data analysis allows an organisation to incur less losses, prevent excessive risk taking and assess risk in real time.

In addition, 86% stated that analysing big data fast will allow them to achieve benefits like deciding to discontinue or launch a product sooner, helping more clients faster and enabling risk management to demonstrate the effects of big decisions to senior managers.

“There's very little disagreement about the benefits that the effective analysis of big data can bring to any organisation,” says Venter. “However, it's also clear that despite being aware of these benefits, South African companies haven't yet created an overall strategy or budget for making sure that business analytics solutions are properly utilised across the organisation.”

While 56% of participants said that they were using business intelligence (BI) extensively, 17% to a limited extent, 19% moderately and only 8% not at all, 68% said that they were unable to monitor the performance of the entire enterprise.

Echoing this, 47% said that their BI funding came from the enterprise budget, while 25% said departmental budgets, and 22% said their BI budget came from special projects.

Also 33% of respondents said that different departments in their organisation manage their own development for business analytics and analytic models, while 27% said everything is managed centrally. Another 25% said that while the departments manage their own development, the productisation was handled centrally.

In response to the question on whether business information is stored in one central repository or by separate departments, 41% said that it is managed centrally in an enterprise data warehouse (EDW), but that the business units have their own stores as well. Twenty-nine percent said that it is stored in an Enterprise Data Warehouse (EDW) with departmental data marts. A further 18% said that it is managed in disparate data stores across the organisation, and the remaining 12% said that there were no centralised repositories at any level in their company.

“The findings of our survey show that while South African organisations certainly see the benefits of business intelligence solutions, many have yet to form a cohesive strategy for recording, storing and analysing big data,” says Venter. “Future-thinking organisations will embrace business analytics solutions that span the entire organisation so that the true benefits of analytics that take into account every variable in every aspect of the business can be realised.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE COMPUTING NEWS

One Channel Botswana acquires top technical skills

As part of its future growth strategy, One Channel Botswana has announced that it is acquiring top industry skills.  Read More

Cloud - the perfect weapon for SMEs

Cloud Computing gives smaller companies unprecedented access to enterprise-grade software and infrastructure services – allowing them to grow rapidly and compete with larger, more established competitors, says T-Systems. Read More

AfDB, MasterCard to expand financial inclusion in Africa

The African Development Bank (AfDB) and MasterCard have announced a broad collaboration that aims to expand financial inclusion across the African continent by broadening access and usage of digital financial services. Read More

Partnership expands ICT support for Ebola fight in West Africa

Collaboration among NetHope, Facebook, the Paul G. Allen Family Foundation, Cisco, EveryLayer and Inveneo will provide sustainable Internet connectivity solutions to support frontline response efforts and long-term recovery in Sierra Leone, Liberia and Guinea. Read More

IT hiccups put Botswana varsity in disarray

Botswana’s biggest university, the University of Botswana (UB) has been hamstrung by an IT problem that threatens to throw the institution into disarray. Read More

Soronko Solutions takes Tech Needs Girls programme to deprived regions in Ghana

Over 300 girls in the Upper West region of Ghana will be receiving hands-on education on ICT, thanks to the Soronko Solutions Road show known as the Tech Needs Girls programme.  Read More

Mascom to hand over Kitsong centres

As has become tradition, this year, Mascom will hand over ten Business Communication Centres, popularly known as Kitsong Centres. Read More

Hot five tech trends for 2015

In2IT Technologies South Africa predicts this year’s top five tech trends. Read More

Human interface services revenue to break billion dollar barrier within 5 years

Juniper Research says that by 2019 the global market for services based on gesture and biometric interface technologies will be worth an estimated $1.2 billion. Read More

Pandora’s set-top-box

Controlling and facilitating access to the vast amount of content available on the internet and on our TVs, smart phones and myriad of other connected devices in the home today is no easy task, says Pace.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

UCC launches 2015 ACIA awardsUCC launches 2015 ACIA awards

Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

VMware reports fourth quarter and full year 2014 results

VMware, the global leader in virtualisation and cloud infrastructure, has announced financial results for the fourth quarter and full year of 2014.

MTN to empower African businesses with AWS Direct Connect

MTN Group today announced it would be the first African company to offer Amazon Web Services (AWS) Direct Connect to business customers across multiple countries on the ...

“All Systems GO!” for the DStv Eutelsat Star Awards in Zambia

It’s “All Systems GO!” for the winners of the fourth edition of the DStv Eutelsat Star Awards to be announced at the awards ceremony in Lusaka, Zambia ...