business intelligence best practice summit: trends in business intelligence key note
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Latest trends and developments in the business intelligence industryTRANSCRIPT
BUSINESS INTELLIGENCE BEST PRACTICE SUMMITMartin Kratky
House Keeping
30min Session 5 Minute Q&A
Breaks
Mobile Phone
Wi-Fi available
Slides and Videos Available to Attendees
What’s happening in BI?
TRENDS
“Accelerated transformation from BI systems used primarily for measurement and reporting to those that also support analysis, prediction, forecasting and optimization”
Gartner 2014
Geospatial and Location
https://www.youtube.com/watch?v=6cx60BWpjv4#t=55
Embedded Advanced Analytics (e.g. r libraries)
Business User Data Mashup and Modelling
Big Data
Evolution of Business Analytics
Descriptive
“What’s going on”
Predictive
“What will happen”
Prescriptive
“What should we
do about it”
Powered By Data Science
Empowerment / Governance a Contradiction?
“It is very likely that 2014 will be a critical year in which the task of making "hard types of analysis easy" for an expanded set of users, along with ensuring governance, scale and performance for larger amounts of diverse data, will continue to dominate BI market requirements.”
Gartner 2014
Evolution of BI
Challenges & Risks
Effectively Analyse Millions of Records
Standards?
Security
Constant Innovation Imperative