Monday, 14 April 2014

Top 10 Trends for Big Data and Analytics According to Oracle Research


Introduction

Oracle research suggests that more and more companies have more data which they can use effectively, yet most of business analyst claim that systems would not provide the right information which they need to make important decisions. As a result more than 90% of them are losing revenue.

In response, IT strategies are changing fast. We are at the forefront of a seismic shift in investments. Big data is moving center-stage, mobile computing is infiltrating enterprise computing, and many CIOs are adopting a cloud strategy for rapid provisioning of IT environments. Formulating a big data strategy with analytics is central to deriving value from corporate investments.

This blog is an attempt to share the outcome of Oracle published Research to wider audience. I am planning to work on each of findings in more details in near future.

Oracle Survey

Oracle surveyed hundreds of IT decision makers to learn about their plans for 2014—both within the Oracle customer base and the industry at large.

The important questions on which this survey was focused are as follows..

Which information management priorities are at the top of the corporate IT agenda? What are the most compelling developments in big data, analytics, mobile computing, data warehousing, and cloud computing that motivate IT leaders to undertake new technology initiatives?

Top 10 Trends for Big Data and Analytics

Respondents provided specific feedback on analytics, big data, and enterprise performance management (EPM) technologies and practices. From this extensive data set we compiled the following trends

Trend 1: Business Users Get Hooked on Mobile Analytics

Trend 2: Analytics Take to the Cloud

Trend 3: Hadoop-Based Data Reservoirs Unite with Data Warehouses

Trend 4: New Skills Bolster Big Data Investments

Trend 5: Big Data Discovery is the Secret to Workforce Success for HCM

Trend 6: Predictive Analytics Lend Fresh Insight into Big Data Strategies

Trend 7: Predictive Analytics Bring New Insight to Old Business Processes

Trend 8: Decision Optimization Technologies Enhance Human Intuition

Trend 9: Business Leaders Embrace Packaged Analytics

Trend 10: New Skills Launch New Horizons of Analysis

Conclusion

In nearly every industry, organizations are challenged to make sense of a growing base of information. Data influences many types of business decisions, motivating IT leaders to deploy intuitive BI tools, to acquire pre-built analytics for LoB applications, and to utilize mobile and cloud models for economy and convenience.

Market leaders gain the upper hand through effective use of technology. They rely on modern software tools to integrate structured and unstructured data, to empower business users with self-service capabilities, to model large data sets, and to make bold predictions based on patterns in the data.

Oracle’s unrivaled portfolio of intuitive business intelligence, best practice analytic applications, advanced analytics, gold-standard data warehouse, and engineered systems provides the flexibility and speed necessary to harness the 2014 trends in mobile, cloud, and big data computing.

Source Document
Big Data and Analytics Top Ten Trends for 2014

I hope you find this shared information useful.

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