The year Big Data died – the changing landscape of Business Intelligence in 2017

Tags: Business Intelligence

The year Big Data died – the changing landscape of Business Intelligence in 2017

Published: 18th December 2017

Author: Emily Neill

In 2017 we saw significant shifts in the BI landscape, both in terms of technological change and also in what businesses expect of their BI function. Here are the highlights from the Iridium team.

Big Data is dead – well not exactly dead, but the Big Data technologies are now being used to integrate any type of data stream, e.g. high volume IoT data or (relatively) low volume ERP data.  So we end the year going back to talking about “data”, there is no longer any need to separate out Big Data as a different concept or terminology.

Cloud is ubiquitous – People stopped asking “should I put my data in the Cloud”, the Cloud has finally become ubiquitous as the level of security provided by the major vendors far exceeds anything that most companies could ever dream of setting up, and the subscription style pricing makes it available to all.  For those who now have moved significant amounts of their systems to the Cloud, there was the realisation that they may need to consider parallel systems with multiple Cloud vendors for the most robust disaster recovery solutions.

GDPR made us rethink everything – and not just in tech circles – you’re now likely to be talking about it at the dinner table. We’re starting to see the effects already as companies send out emails saying “if we don’t hear back we’ll stop sending you marketing…” Our inboxes heave a sigh of relief.

AI became the new buzz word – Well, you must mention AI in your blog if you want to look ahead of the game… But very few concrete day-to-day business examples have yet emerged; ideas and research abound but they are not yet mature and reusable for the everyday. We suspect we are a year or two away from true maturity, at which point the commonplace terms of use are likely to refer to specific applications, rather than the current blanket reference to “AI”.

No magic wand found yet for data cleaning – a well quoted 80% of time is still being spent on cleaning data before it can be used for analytics. And very often this is not fully budgeted for.

Insights overhaul – Businesses are demanding more of their business intelligence and insights functions. More frequent data updates, more forward-looking analysis, more fact-based decision making. We have seen a decline in the traditional marketing-based insights role, and a rise of the techies. Companies are bringing in data scientists and senior execs with science-based qualifications to revolutionise the BI function. Often these sit within IT or finance, rather than marketing. The next challenge is to bring the techies together with the business people and find a common language.

Here’s looking forward to working on these challenges in 2018, meanwhile very best wishes for a happy Christmas and New Year!

To find out more about what Iridium Insights can do for your business please get in touch