SAS survey shows big data needs big commitments
COMPUTINGBy BiztechAfrica - 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
Top backup tips for SMEsGreen Apple IT advises on ways to protect valuable data from load shedding problems. Read More
Mainframes: underpinning the cloudContrary to some beliefs that the cloud will replace the mainframe, IBM Solutions Sales Manager Satish Babu points out that the mainframe supports cloud. Read More
Microsoft announces first African female country managerMicrosoft has announced the appointment of Otema Yirenkyi as the company’s first country manager for Ghana. Read More
Cloud uptake set to explode across AfricaNew research indicates that African organisations are taking cloud seriously, with Nigeria set to lead in cloud adoption. Read More
Multichoice Ghana launches 18 resource centresMultichoice Ghana Limited has rolled out 18 Multichoice Resource Centers in 18 senior high schools across the country. Read More
Matching market with satellite servicesQ-KON examines where satellite fits into the market and what services are best for satellite technologies. Read More
Africa’s high end ICT skills shortfall growsWith a skills shortage of between 20,000 and 70,000 high-end ICT professionals in South Africa alone, business and education must work together to close the gap, say stakeholders. Read More
African insurers must address looming technology challengeLack of information and communication technology (ICT) infrastructure is holding the African insurance market back, says SSP. Read More
Network outages, downtime can cost Egyptian enterprises millionsWhile downtime can cost enterprises millions in lost revenue, many organisations still depend on antiquated data centre infrastructures, says Brocade Communications. Read More
Wearable Smart Glasses shipments to reach 10 million by 2018New findings from leading hi-tech analysts, Juniper Research, has revealed that global wearable ‘Smart Glasses’ shipments will reach 10 million per annum by 2018, compared to an estimated 87,000 this year. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHText messaging makes mama mbogas’ lives easier
Innovative students have initiated a programme using text messaging, to aggregate demand and save money for Nairobi’s ‘mama mboga’ vegetable sellers.