SAS survey shows big data needs big commitments
COMPUTING| Oct. 16, 2012, 12:52 p.m.
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.”
MORE COMPUTING NEWS
ITU to build united front against technology fakersITU will host high-level talks in a bid to improve global coordination in the application of information and communication technologies (ICT) as part of strategies to combat counterfeit and substandard ICT devices. Read More
More Congo-Brazzaville women linking up with ICTsMore women are moving to learn to use ICTs in DRC, say ‘backyard’ teachers. Read More
Has the operating system become a modern day utility?As we make the shift to the cloud era, computing’s traditional building blocks, including the operating system, are increasingly abstracted away, says Red Hat. Read More
Congo Brazzaville’s BantuHub offers ICT relief to localsThe BantuHub ICT centre in Brazzaville is a real cure for techentrepreneurs, bloggers, start-ups and other technology-minded people seeking a quick and an effective relief for their ICT headaches. Read More
Innovative products and professional services give Schneider Electric and end users the edgeRecognising enterprises' need for a specialist partner, Schneider Electric has developed its professional services based on using technology to improve end users’ efficiencies and communications, while making current and new markets accessible to them in faster, more competitive ways. Read More
Brocade appoints new Senior Director of Technology, EMEAIndustry veteran Brian Levy will lead regional growth and operational excellence, further strengthening the Brocade leadership team. Read More
Electricity in Africa: is payment the problem?While prepaid meters go halfway to solving the problem, making payment points widely available for people to purchase prepaid electricity vouchers is just as important, says Nomanini. Read More
Overcoming the challenges of location independent computingAchieving true location-independent computing requires an application performance platform that maintains visibility no matter where or when the applications are located or accessed, says Riverbed. Read More
Vodacom: cloud computing is IT industry game changerVodacom Business Nigeria says cloud computing will address all issues relating to reduction in cost of operating business in the country, but it lamented that businesses in the country are still lagging behind, with only a third of them currently using cloud technology. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHiProcure delivers inputs to farmers’ doorsteps using ICTs
An innovation dubbed iProcure is already being used by several agro input firms which are now relying on it to distribute their products to farmers.
COMPANY NEWSVMware announces VMware Workstation 11 and VMware Player 7 Pro
VMware Workstation 11 marks 15 years of innovation with Windows 10 Tech Preview readiness, state of the art performance and cloud connectivity.Schneider Electric signs exclusive off-grid solar distribution agreement with Zimbabwean firm
Schneider Electric has announced the signing of an exclusive agreement with Samansco, a Zimbabwean renewable energy, back-up power and appropriate technology company.SAP Innovation Helps The Global Fund Fight AIDS, TB and Malaria in Africa
Extending a longstanding partnership, SAP is a founding member of The Global Fund’s new Innovation Coalition to support disease prevention and treatment.