PWC’s 2013 Top Ten Technology Trends for Business

January 28, 2013

In today’s highly competitive global environment, companies are looking for opportunities to minimize costs, increase efficiencies and gain competitive advantage. Business leaders across all industries are focused on IT as a way to accomplish these goals. The use of emerging, disruptive technologies such as context-aware mobile apps and enterprise social networking along with the proliferation of public and private cloud is commanding organizations to assess and manage the impact these technologies may have on their business. Leaders are required to understand, prioritize and apply these new technologies within the context of their overall business goals.

PwC recently completed the 5th Annual Digital IQ Survey. The survey is designed to assess how well companies understand the value of technology and weave IT into the fabric of their organization. For the first time, the Digital IQ survey was conducted globally and included participation from more than 1,100 respondents. Detailed below are the Top 10 Technology Trends for Business that emerged from the survey. Click on any trend to get a brief point of view from PwC’s leaders in these areas.

Read about the 2013 Top 10 Technology Trends for Business please click the link.

Simulation & Scenario Modeling
Gamification
Digital Delivery of Products & Services
Private Cloud
Big Data Mining & Analysis

Business Intelligence for all business

December 14, 2012

Looking at the information below truly highlights what big businesses are looking at in terms of their technology. It has been recognised for many years that forward thinking businesses have adopted certain technology and increased market share, customer satisfaction or any number of other important business metrics.

The term CEO is usually associated with businesses of a certain size who have the money, people and often the products that enables them to fully benefit from adopting technologies, thus enabling them to, often dominate their chosen markets.

Business Intelligence has always been relatively expensive, difficult to install and has a significant ongoing cost that has seen smaller mid-market players shy away from even attempting to use it. This is where the sales pitch enters for Bi24, C24s leading business intelligence solution that has all the strengths of a traditional solution but has been developed for today’s market.

Most companies we work with have a number of locations, numerous sales staff on the road and a number of large clients that are expecting more and more from the relationship. Key business differentiation is notoriously hard to create, and usually it is replicated quite quickly, so these businesses are building on their client relationships, retention strategies and increasing client spend.

Addressing these areas are where we have seen a tremendous growth in the use of our flagship business intelligence tool Bi24. The beauty of the solution is:

- It is easy to install
- It can interrogate multiple data sources simultaneously
- It is based on a cost per user per month
- The solution is non cubed and is based on Google type technology
- The pricing has been created so that all employees can benefit from making accurate decisions
- It is agile and information can be delivered to mobile devices and tablets

If you would like to see the solution in action please visit http://www.c24.co.uk or call us it will be worth the chance….

Strategic Value


C24s business intelligence solution is child’s play

December 13, 2012

C24 have seen a significant uptake of our Bi24 business intelligence solution over the last year. The solution has been applauded for it ease of use and the speed of installation.

The following is a comment from a recent research document that highlights the strengths of the solution:

Business intelligence (BI) technology holds out much promise, but experience would tend to indicate that it can be difficult to use, requiring specialist skills and imposing considerable latency between need and information delivery. Bi24 addresses these issues for many business needs and the ease-of-use has to be seen to be appreciated. The technology is built on the well regarded Lucene open software search technology and because of this most things are possible. While Bi24 does not give much profile to unstructured data search, a great deal of functionality is delivered out-of-the-box so that email and documents can be incorporated into search and analytic’s functionality. The key to understanding the power of Bi24 is that it provides a search approach to BI.”

“What this means on a day-to-day level is that business users can formulate their own analytical and search needs with ease. This is a highly pragmatic, but in no way compromised BI tool and we would recommend that organisations of all sizes should look at the offering.”

To prove the point the below image is of the daughter of a BI lead who is using the Venn elements of the solution for her homework

IMAG0600


7 Recommendations for Data Protection by Forrester’s Andras Cser

November 27, 2012

by David Gibson

Last week Varonis hosted a webinar on using strong identify context to help protect data, where I was joined by Andras Cser of Forrester. Andras shared really interesting insights on the impact of data breaches, what got stolen, how they happened, and what you can do to better protect yourself.

On topic of entitlement reviews, Andras shared, “You have to get into a fairly rigid and rigorous structure of attestations, and basically that means you would want to have a campaign that runs every quarter, clearly understand the mappings between people, groups and resources that they’re accessing, and have managers look at their employees’ access rights, data elements, data access, and also application users should be granted some way of overseeing who has access to the data their application actually generates.”

Andras also shared illuminating key case studies from organizations that are protecting hundreds of terabytes to petabytes of data that are growing at 1-2.5% per week. It was fun for me to hear a fresh perspective on what works and what doesn’t when you’re trying to manage and protect data at scale.

Some of Andras’ recommendations were:

To see all seven of Andras’ recommendations, register to download and watch the full data protection webinar here.


Three V’s of Big Data with Example:

November 22, 2012

1. Volume:

TB’s and PB’s and ZB’s of data that gets created:

From the webinar “How to Walk The Path from BI to Data Science: An interview with Michael Driscoll, data scientist and CEO of Metamarkets” – A global surge in Data

2. Velocity:

The speed at which information flows.

Example: 50 Million tweets per day!

twitter 50 million tweets per day

(This is back in Nov. of 2010 – the number must have increased!)

3. Variety:

All types of data is now being captured which may be in structured format or not.

Example: Text from PDF’s, Emails, Social network updates, voice calls, web traffic logs, sensor data, click streams, etc

data variety big data

Image courtesy

And this may be followed by other V’s like V for Value.

Conclusion:

In this blog-post, we saw Three V’s of Big Data with Example

Thanks to http://parasdoshi.com/2012/11/22/three-vs-of-big-data-with-example/


Big data: a retailer’s guide to likes, tweets, reviews, customer data, and basically everything else (infographic)

November 20, 2012

When it comes to retailers, big data is perhaps a little too big.

Half of retailers can’t aggregate all their data in one place to make detailed reports and conclusions. 45 percent don’t use available data to personalize marketing communications, and another 42 can’t link data together at the individual customer level.

That is perhaps understandable, because 90 percent of the data that’s ever been created has been created in the last two years, and it’s growing fast.

Read more at http://venturebeat.com/2012/11/19/big-data-a-retailers-guide-to-likes-tweets-reviews-customer-data-and-basically-everything-else-infographic/#DoJMDx85f3svhhPH.99

Thanks to http://www.venturebeat.com


Frameworks for big data and business intelligence adoption

October 12, 2012

In the last post, Frameworks is #1, we discussed how checklists and their big brothers, frameworks, help you develop new solutions by providing a structure for identifying and closing gaps. In this installment, we’ll go into one of our preferred frameworks, TDWI’s MAD (Measure, Analyze, Drill) Framework, and show you how we use it to ensure our clients can progress along a gently sloping curve to BI maturity, making their investments rationally but with the understanding that they are providing greater clarity and a stronger base on which to make business decisions.

First, some background information: The Data Warehousing Institute (TDWI), has used Geoffrey Moore’s chasm metaphor to describe the path to business intelligence maturity since 2004. Here is one of the representations they’ve published to convey this approach:

TDWI maturity model

Descriptions and examples are provided for each stage, as shown here in this excerpt from Interpreting Benchmark Scores Using TDWI’s Maturity Model for Stage 1 – The Infant Stage:

The Infant stage is the conglomeration of two stages from the original BI Maturity Model created in 2004: Prenatal and Infant. These stages are flip sides of the same coin and one leads directly to the other, as we shall see.
Operational Reporting: The Prenatal sub stage represents a pre–data warehousing environment where an organization relies entirely on operational reports for information. An operational report runs directly against an operational system and shows data for that system only. In some cases, it may contain data from multiple systems if an organization consolidates data into an operational data store. In general, however, operational reports are static and inflexible and show a limited range of data for a limited set of processes. If a user wants to view a slightly different set of data in a slightly different way, the IT department usually needs to code a new custom report, a process that may take days, weeks, or months, depending on the complexity of the report and the current backlog of requests.
Spreadmarts: The lack of flexibility of operational reports causes certain users to take matters into their own hands, which gives rise to the second half of the stage. These users create their own reports using whatever tools are handy—usually a spreadsheet or desktop database (e.g., Microsoft Access). They collect, clean, transform, aggregate, and format data for individual or group consumption, essentially performing all the functions of a data mart or data warehouse. The end result is something called a spreadmart—a spreadsheet or desktop database on steroids acting as a data mart or data warehouse. Other names for spreadmarts are data shadow systems, analytical silos, and human data warehouses.
While spreadmarts give business decision makers the data they crave, they have significant downsides. Spreadmart creators, who are typically high-priced business analysts, waste an incredible amount of time collecting and massaging data—tasks that a data mart or data warehouse is designed to do. Worse yet, the analysts define terms and metrics according to their own parochial views of the business, creating a kaleidoscope of misaligned data silos that aren’t easily reconciled. Without a single version of the truth, executives can’t gain an accurate view of business operations to help them make smart decisions, and they risk falling out of compliance with financial regulations regarding information transparency and accuracy. More than one executive has commissioned a data mart or data warehouse primarily to stem the proliferation of spreadmarts.

Excerpt from Interpreting Benchmark Scores Using TDWI’s Maturity Model © 2007 TDWI

To advance your organization’s Business Intelligence maturity, you must focus on more complex challenges. After you’ve dealt with the basics of establishing a reliable infrastructure, improving your data quality, and publishing high-value metadata, you are ready to focus on more strategy-focused approaches to solutions. This is where the MAD framework comes in.

Another of TDWI’s innovations, the MAD framework was first described in 2007, the framework takes its name from the three key abilities one should expect from BI in general, and dashboards in particular: Monitoring, Analysis, andDrill to detail.

MAD framework

As more vendors took to this approach and extended it, Wayne Eckerson, director of TDWI Research, extended the MAD framework to represent the current and future domains of Modeling, Advanced Analytics and Do (Collaborate and Act).

MAD framework2
So how does Chateaux use the MAD framework? The MAD framework enables a common understanding of where BI work falls and where you want it to go. What it doesn’t do is provide the checklist part of the framework. This is where concept maps come in. Using customer-specific concept maps, similar to the TDWI’s reference example, below, we are able to focus your organization on the key goals of your initiatives. Applying expected value and other qualitative measure approaches to this selection, enables us to very effectively focus the organization on where they should expect to mine the greatest value and what those results will look like.

Concept Map of Business Outcomes

If you’d like to learn more about TDWI, their Maturity Benchmarks, and membership, visit www.tdwi.org. You can also email or give us a call and we’ll schedule time to help you navigate the information and tools available from TDWI and other sources on this topic.

How is your company’s BI Maturity? Have you had a benchmark assessment? What about the MAD framework or others: what are your success stories, tips and cautionary tales?

Fantastic articles at  http://tdwi.org/


Should a company’s executives drive data governance and regulation, or its IT department?

October 9, 2012

Data governance is one of those amorphous terms that businesses struggle to define, much less implement. In broad strokes, it involves the implementation of processes and methods that govern how data analysts and others within an organization can handle and process data.

That sort of control—even in the name of regulations and quality—is liable to spark political infighting within even the most sedate organization. Does the need to quickly analyze data outweigh the risks of regulatory fines? Will the implementation of data security interfere with the efficiency of analysis? But with more and more regulations in place, business executives and IT departments have little choice but to wrestle with the issue.

“The stakes are high when it comes to data-intensive projects, and having the right alignment between IT and the business is crucial,” Michele Goetz, an analyst for Forrester, wrote in an Oct. 4 corporate blog posting. “Data governance has been the gold standard to establish the right roles, responsibilities, processes, and procedures to deliver trusted secure data.”

Policies and procedures can weed out bad data and faulty implementations, she added, making governance more crucial than ever. However, most governance is focused on risk avoidance and led by a company’s IT department, with the business side of things contributing relatively little to the discussion. That massive amount of management and process, in turn, “takes time and stifles experimentation and growth.”

Yet companies need data analysis to happen in a speedy enough way to make said data actually useful to strategy; recall how Nucleus Research, in a study released over the summer, suggested that the average half-life of data for tactical decision-makers is 30 minutes or less, while strategically-oriented data tends to go stale after only a few days. As a result, days’ worth of check and balances can rapidly degrade the useful of data.

“Data governance needs to evolve to develop policies that are not just about what you can’t do, but what you can do,” Goetz wrote. “If you really want your data governance program to mature and truly be business led, the greatest pivot will be for IT to give up control of the data and the facilitation of data governance.”

In other words, give business control: “Have the business take over and define the amount of governance and control it wants over its use. Have the business create a framework that aligns trust in data with use.”

Whether or not one agrees with Goetz that business needs more control over data governance, the fact remains that the increasing amount of data handled by organizations—and the increasing pressure to analyze it for insight—can lead to slowdowns and paralysis without a plan and structure. Some organizations are wrestling with this brave new world by hiring chief data officers to handle everything from data stewardship to communicating data schemas. Others are embracing self-service B.I. solutions that help automate and wrangle data without the need for quite so much active effort on employees’ part.

http://slashdot.org/topic/bi/does-business-or-it-drive-data-governance/

 


IBM Report Highlights the Power of Predictive Analytics

October 4, 2012

This morning I read an important guide by IBM, Making Critical Connections: Predictive Analytics in Government, Improve Strategic and tactical decision-making. The guide highlights the benefits of predictive analytics in government and shows how data can provide insight and guide decision making for government agencies. I’d encourage you to take a look at the report, and consider how predictive analytics can help transform your agency.

 

Today, government collects more data than ever before. There are countless examples, whether data is coming from social media, photo sharing, business operations, customer service, HR, health data, research studies, there are dozens of examples of how much data is collected. With all this data now readily available, the challenge becomes how to manage, store and drive action based on data. Predictive analytics has become a potential way to unlock data driven decisions for agencies. In discussions with government employees, here are some of the common challenges related to predictive analytics:

 

Defined Mission

Just like any kind of implementation of technology, it is important to consider what exactly is trying to be solved by using predictive analytics. Any successful program has clear metrics that the organization is aiming to reach. For example, if an agency desires to reduce call center volumes, predictive analytics can be used to identify challenges and issues that customers are facing. If there is a common thread or theme seen through the data, an agency can solve the problem, and the center may receive less calls.

 

Data Management

Predictive analytics is all about data. In order to truly capitalize on predictive analytics, agencies need to identify what data they are collecting, where it is housed, who has access, how data is currently being used, and what kind of data they may need to look at to solve the problem they identified.

 

Who else is Using Predictive Analytics? How can we use predictive analytics?

There are a lot of agencies using predictive analytics, and there are many great ways that agencies have implemented predictive analytics into their agency. Recently, I wrote about the Blue CRUSH program in the City of Memphis, as a great example of using predictive analytics to fight crime in our neighborhoods. GovLoop also hosted a webinar that discusses the Blue CRUSH program, which you can access here.

 

Another great resource comes from Frank Stein, Director of IBM’s Analytics Solution Center, also provided some great examples of using big data in his post Big Weather, Big Data.Further, the IBM guide further identifies some ways agencies have used predictive analytics, stating:

 

  • Law enforcement agencies look for patterns in criminal behavior and suspicious activity. This enables them to deploy personnel more effectively and to identify possible motives and suspects.
  • Auditors of tax returns and Medicare/Medicaid claims compare information across cases to understand normal activity patterns. In this way, they can identify cases that deviate from the norm and, therefore, warrant further investigation.
  • Disease management analysts study events that led to favorable outcomes across time and patient populations, in order to develop optimal treatment protocols.
  • Public health authorities monitor syndromic information from various sources, looking for elevated levels of certain symptoms that signal a widespread disease outbreak. This accelerates the process of uncovering the cause of the outbreak.
  • Network analysts protect the security of computer and communications systems by detecting “cyber threats.” These include unauthorized access and the release of computer worms or viruses.

 

Identifying Value

There are many reasons why agencies decide to use predictive analytics. IBM provides an extensive list of the benefits below. In today’s climate for government employees, predictive analytics can help conquer some of the most pressing challenges for government. For instance, predictive analytics has successful lead to a reduction in costs, identifying new efficiencies, and improved safety, and managing risk. IBM expands on these themes in their report:

 

  • Reduce costs while improving resource allocation. Facing an increasing backlog of collections, an agency develops a collection prioritization plan that leverages its limited resources and aligns operations with new strategic goals. By focusing its collection efforts, the agency achieves a higher success rate, resulting in additional annual revenue.
  • Reduce fraud, waste and abuse. A Medicaid fraud detection office predicts which claims are likely to be fraudulent, so that auditors can concentrate on the right claims and recoup lost revenue more cost effectively.
  • More efficiently protect public safety and security. Analysts at a U.S. metropolitan police department review and analyze crime data, identify trends and patterns, and develop predictive models that are then made available to operational personnel through an intranet. Command staff can evaluate real-time conditions and send police units where they are most likely to be needed.
  • Better manage risk. Government agencies are alerted to anomalies
in the reported number of cases of a particular illness. As a result, medical personnel in the affected area can be notified in a timely fashion.
  • Streamline processes. Millions of pieces of data from microarray experiments, such as genetic factors underlying malignant brain tumors in children, are analyzed to discover the most effective therapies, thereby extending or saving lives.
  • Increase job effectiveness. Recruiters are able to improve their efficiency at filling jobs by focusing on the few candidates among hundreds of leads that are most likely to respond favorably.

 

The complexity of data and the challenges faced by government today require new ways of thinking, new technology and for agencies to continually learn how to provide improved services more efficiently. As pressures continue to grow on agencies to improve service delivery, while budgets and resources decrease, predictive analytics is one way agencies can find new and innovative ways to transform their agency with data drive decisions.


Mastering Big Data

October 3, 2012

Date: Thursday, November 1, 2012
Time: 14:00 – 15:00 GMT

Big data analytics has already turned entire industries on their heads. To date, many big data analytics are associated with “machine generated” data like trade information, location data, etc. However, 80% of organizational data lives on file servers, NAS devices and email systems in the form of spreadsheets, presentations, audio files, video files, blueprints and designs—human generated content.

Learn how big data analytics helps organizations better leverage, manage, and protect their human generated content:

  • Identify areas of high risk
  • Optimize workflows
  • Connect disparate teams and data sets
  • Discover new patterns, flag potential abuse
  • Enhance data access control, ownership, classification, entitlements and authorization processes

Please see link below to the webinar

http://www.varonis.com/partner/uk/promo/1?utm_source=VAR-C24-UK


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