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
Citrix appoints new vice president for EMEACitrix has announced the appointment of Sherif Seddik as Managing Director and Vice President for Europe, Middle East and Africa (EMEA). Read More
Huawei sponsors students for China study tripHuawei Technologies Botswana recently teamed up with Botswana's Ministry of Education and Skills Development to award a sponsorship for ten ICT students to study Huawei corporate culture and other see the latest ICTs in China. Read More
Second ‘ICTs into learning’ course concludedThe Botswana College of Distance and Open Learning (BOCODOL) has just concluded its second workshop on Integrating ICTs into teaching and learning at its head office in Gaborone. Read More
2nd eCommerce Expo opens in AccraThe second eCommerce Exposition has opened in Ghana’s capital Accra with a call on eCommerce service operators to provide easy and accessible online trading platforms to meet the ever growing demand of the country’s emerging middle class. Read More
Millennium Bim selects Ingenico Group to upgrade its POS fleet in MozambiqueIngenico Group, a leader in seamless payment, has announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales throughout the country. Read More
Gartner CIO Survey shows digital business means platform businessCIOs expect digital revenue will grow from 17 per cent in 2015 to 38 per cent of total private sector revenue by 2020, according to a Gartner, Inc. survey of 1,075 CIOs in EMEA. Read More
Ericsson, Worldwide E-Learning Campus invest in ICT skills development in RwandaWorldwide E-Learning Campus (WEC) in Rwanda has launched a partnership with Ericsson to develop professional ICT competencies within the country. Read More
Global mining leaders discuss digitised mine of the futureMembers of the SAP Advisory Council for Mining are meeting in Cape Town, South Africa, for two days of in-depth discussions on the processes and technologies that will support and drive the digital mine of the future. Read More
Ericsson showcases solutions for a smart Africa at Transform AfricaAt the Transform Africa conference in Kigali, Rwanda, Ericsson is demonstrating the transformation that information and communications technology (ICT) and a truly Networked Society can deliver. Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.