This year marks the third publishing of Howard Dresner’s “Wisdom of the Crowds™ Business Intelligence Market Study,” now available for download from Tableau Software: http://www.tableausoftware.com/learn/whitepapers/wisdom-crowds-business-intelligence-market-study. Read more
Big Data. What is it? Those of us who have helped organizations improve competitiveness through more effective use of information know that most data has value. The trick is in defining that value, determining how best to get at it and then executing a process to extract it. Every few years it seems we have to create a rally point for more focus on just how impactful information is, and for the past several that rally point is Big Data. If you believe what you read and hear, it can be pretty much anything you want it to be. But there is at least one shred of truth in what we call it; it is BIG. Read more
Aberdeen Group recently conducted a survey to analyze companies that take a Total Cost of Ownership (TCO) approach to BI. The research shows that top companies are spreading BI costs to more decision makers, creating an effective self-service environment and as a result, enjoying a faster and more meaningful Return on Investment. While the impact of business analytics can drive measureable and repeatable business performance, the effective implementation and management of these solutions can still pose a challenge to the ill-prepared company. Read more
Nucleus Research released a new study this week “Measuring The Half Life of Data” introducing a framework for gauging the data’s value and the effects of time on that value. They use the scientific concept of “half-life” to reinforce the notion that data value diminishes over time and at predictable rates. The rate of decline is based on whether data is used for tactical, operational, or strategic purposes. Read more
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