Given the fact that we can now crunch billions of rows of data in microseconds, that anyone can just integrate diverse data sources at the push of a button without being a data ninja, and data scientist can extract entity relationships from documents, and assimilate millions of events into a rules engine, how will business change as a result? How can business taking advantage of all of this new insight?
These questions are clearly top of mind for senior executives. In fact Business Intelligence and Analytics comes out as the number 1 technology spending priority in Gartner CIO’s survey globally for 2014. However in Australia it’s slightly behind in the number 2 spot behind Mobile investment.
When you hear the buzzword “big data analytics” what spring to mind…? Is it a new form of analysis? Does size matter? Should I be investing in this?
As you can see from the slide below, investment surrounding “big data” continue to rise. In fact in Australia and New Zealand the rise is greater than the global average, but we’re off to a slower start in those that have already invested in other parts of the world.
This high level of interest is reflected in the number of people who have already registered to come to Gartner’s Business Intelligence and Information Management Summit late this month in Sydney.
It’s shaping up to be a great event. Gartner research director Lisa Kart will explain why business leaders need to acquire the basic principles of data science. She will also present on emerging trends in big data analytics. She is the author of a 2013 survey of 720 organisations (including Australia) about big data technology investments which is where the graphic above comes from. I will look at the rise of personal analytics, opportunities for data to optimise everything from entertainment to health and what’s in it for business. And research VP Frank Buytendijk will explore the ethics of analytics – how do you determine what is ‘good’ versus ‘bad’ use of information?
It’s on at the Sydney Hilton on 24 and 25 February. Click here for the full agenda for the two days.