Kyvos Insights finds that only 25 percent of organizations have derived significant value from their investments in big data, 70 percent consider business intelligence the most important big data use case
Kyvos Insights, a big data analytics company, today shared the results of a recent survey of information technology (IT) professionals at enterprises in the U.S. that explores their thoughts on, and experiences with, big data and business intelligence (BI) on big data adoption. The findings will also be discussed in a webinar, “How to Bring BI Into the Big Data World,” with business intelligence and data expert Claudia Imhoff of the Boulder BI Braintrust on Friday, May 25, 2018, at 10 a.m. Pacific time / 1 p.m. Eastern time.
“This survey reveals that most organizations have yet to derive the value they expected from their investments in big data infrastructure,” said Ajay Anand, vice president of products at Kyvos Insights and a co-presenter of the webinar. “Despite the fact that business intelligence (BI) is the most important use case for big data, even fewer are effectively using it to uncover actionable insights within the information they’ve gathered.”
When it comes to putting big data to work and justifying investments in the required infrastructure, respondents overwhelmingly pointed to the effectiveness of BI on big data efforts as the deciding factor. Seventy percent indicated that BI is the most important use case for big data, but only four percent indicated that they have managed to bring BI on big data to the core of their business processes. Only 25 percent feel they are deriving substantial value from their big data investments.
“For most enterprises, BI is what ultimately enables them to use their data to make better decisions, work in new ways, and act with a new understanding of their worlds,” said Imhoff. “That’s why it’s crucial that enterprises bring BI into the big data world to ensure access to ALL data.”
Participants in the survey, conducted throughout the spring of 2018, included individuals from 300 companies – among them BI analysts, CTOs, data architects, data scientists, developers, directors and other IT professionals. Additional findings from the survey include:
• Organizations with an effective BI on big data platform in place are already deriving great value from their big data infrastructure: Although still a minority, more than half of these respondents, 54 percent, point to operational efficiency as a key return, while 43 percent say it resulted in a reduction of costs. Other notable benefits to date included increased customer satisfaction, 30 percent, and more targeted marketing, 29 percent.
• Data growth, new data sources, and cost savings were the top drivers for moving to a big data infrastructure: Half of the respondents pointed to scale-out needs as the reason for deploying big data infrastructure and more than half, 54 percent, used it to incorporate new data sources.
• The BI on big data skills shortage is real and is having a chilling effect on user adoption: More than half of respondents, 52 percent, say their organization lacks the skill set required to effectively implement BI on big data projects and 57 percent of organizations report that fewer than 50 employees use BI on big data in their daily work.
• Big data is already pushing traditional BI tools to the breaking point: Only 40 percent believe their BI infrastructure measures up in terms of response times for large amounts of data and analysis at the fine granularity needed to provide actionable business insights.
• Looking to the future, organizations will demand real-time capabilities and the ability to scale to massive amounts of data: More than half of survey participants view the speed of response times as a key requirement of their BI on big data infrastructure, while half already view the ability to scale out to massive amounts of data – datasets with hundreds of billions of rows – as necessary.
• Advanced analytics and data warehouse offload remain singular use cases: Although 70 percent of respondents point to BI as the most important use case and workload supported by their big data infrastructure, 59 percent also use it for advanced analytics and just over half, 52 percent, utilize it to offload legacy data warehouses.
• The race to the cloud continues: More than half of all survey participants, 54 percent, expect to move their big data infrastructure to the cloud over the next three years.
“The real revolution, when big data lives up to the hype, will occur when organizations deploy self-service BI on big data using solutions that are intuitive enough for business users to master and deliver interactive response times on massive datasets for thousands of concurrent users,” added Anand. “Those solutions are available now.”
The webinar, “How to Bring BI Into the Big Data World,” will provide developers, data scientists, IT professionals and business leaders with further insight into these survey results. Attendees will also learn about a new BI technology built to handle big data queries with superior levels of scalability, performance, and support for concurrent users. To register visit: https://www.brighttalk.com/service/player/en-US/theme/default/channel/15933/webcast/307805/play?showChannelList=false
About Kyvos Insights
Kyvos Insights is committed to unlocking the power of big data analytics with its unique “OLAP on Hadoop” technology. Backed by years of analytics expertise and a passion for big data, the company aims to revolutionize big data analytics by providing business users with the ability to visualize, explore and analyze big data interactively, working directly on Hadoop. Headquartered in Los Gatos, California, Kyvos Insights was formed by a team of veterans from Yahoo!, Impetus and Intellicus Technologies. The company has partnered with companies including Cloudera, Hortonworks, MapR, Qlik and Tableau. For more information, visit www.kyvosinsights.com or connect with us on Twitter and LinkedIn.