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
WiniGroup, Ivetec train 500 Babcock lecturers on TCCDRThe 500 lecturers of Babcock University, Ilishan-Remo, Ogun State, have undergone a comprehensive training on technology usage on the platform of Total Classroom & Campus Digital Revolution (TCCDR) Project embarked upon by the university, which will see all their lecture rooms wirelessly connected. Read More
MainOne supports call for in-country data hostingThe management of MainOne’s Tier III Data Center, MDX-i is lending its voice to the call by the Office for Nigerian Content in Information and Communication Technology for Nigerian companies to host their data in-country, to avoid further foreign exchange losses. Read More
The importance of big data for Africa in 2016Understanding big data, as a concept and an offering, will have a massive impact on the African continent, says PBT Group. Read More
Ericsson Data Analytics solution captures rise of the Internet of ThingsEricsson has launched the User & IoT Data Analytics solution that will help operators improve internal efficiency in managing data from subscribers and Internet of Things (IoT) devices while exploring new cross-vertical IoT applications. Read More
More network decomposition expected in 2016Jason Dover, Director of Product Line Management at KEMP Technologies, looks at the changing network and more technology trends to look out for in 2016. Read More
Automotive Display Systems to grow to $18.6bn by 2021Driven by continued innovation in vehicle connectivity and safety technologies, global revenue from automotive display systems will grow at a compound annual growth rate (CAGR) of more than 11 percent to $18.6 billion by the end of 2021, says IHS. Read More
Rack Centre honoured with Data Centre Impact AwardRack Centre, Nigeria’s Premium Data Centre provider, has won the 2015 Data Centre Dynamics Award for Europe, Middle East and Africa (EMEA) region in the Data Centre Impact Category. Read More
ITU members agree international standard for Big DataITU members have approved the first ITU standard on Big Data. The international standard details the requirements, capabilities and use cases of cloud-based Big Data as well a high-level ‘system context’ view and its relationships with other entities. Read More
Ovum: move to digital services biggest telco IT trend to watch in 2016Personalising the customer experience, improving operational efficiency and moving to new delivery models are some the top IT trends to expect from telcos in 2016, according to global analyst firm Ovum. Read More
FEATURED STORYViber Spreads Good Vibes in Africa with the introduction of public chats
Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East.
BEST READ NEWS
IN DEPTHPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner
Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.