Check out the 2012 Wisdom of the Crowds BI Market Study

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

New Survey from Aberdeen Research Looks at TCO of BI

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

Is your data worth managing?

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

Gartner Research Reports BI Market Revenue Hit $12.2 Billion in 2011

Gartner Research recently published its annual enterprise software market share report which found that Business Intelligence (BI), Analytics, and Performance Management (PM) software revenue was $12.2 billion in 2011—a 16.4 percent growth over 2010—making the combined areas the second-fastest growing in enterprise software. Read more

Developing a BI Strategy: Define Your BI Goals and Metrics

By Elliot King, Ph.D.
Professor of Communication, Loyola University Maryland & Founder of the Digital Media Laboratory

Business Intelligence remains high on the corporate IT agenda despite the current economic environment. In spite of the complexity of measuring the size of the BI market, analysts agree that it has been growing at a rate of at least 10 percent or more for the past three years. Read more

Business Intelligence Offers Real Benefits – Research Study of 250 IT Professionals

By Elliot King, Ph.D.
Professor of Communication, Loyola University Maryland & Founder of the Digital Media Laboratory 

Implementing business intelligence infrastructures and developing a culture of analysis have been at or near the top of the IT priority list for several years now. Both CIOs and CEOs believe that having access to and analysis of data will lead to better decision-making and more efficient operations that can have a measurable impact on the bottom-line. But is that actually true? Do business intelligence applications actually deliver on their promise? Read more

A Culture of Analysis: Promoting Fact-based Decision Making in the Organization – Research Study of 250 IT Professionals

By Elliot King, Ph.D.
Professor of Communication, Loyola University Maryland & Founder of the Digital Media Laboratory

As business intelligence platforms and tools have become more common, many enterprises have attempted to build a corporate culture based on analysis. The concept is simple. With an appropriate BI infrastructure in place, data analysis would no longer be the sole domain of analysts. Everybody from customer-facing employees to those in the C-level suite can make better decisions based on an analysis of facts. Read more

BI Application Buy vs. Build: Is Your Data Really That Unique?

By Elliot King, Ph.D.

The buy-versus-build question has haunted the development of data warehouses and analytic applications since Bill Inmon started discussing the underlying concepts in the 1970s, and Barry Devlin and Paul Murphy published “An Architecture For A Business and Information System” in the IBM System Journal in 1988. Since then, many vendors have offered packaged applications that facilitate the development of data warehouses and analytic applications. Nevertheless, many companies still opt to build their own custom data warehouses rather than buying pre-packaged solutions. The question is, why? Read more

Determining Scope is a Top Challenge in Bringing BI Applications into Production – Research Study of 250 IT Professionals

By Elliot King, Ph.D.
Professor of Communication, Loyola University Maryland & Founder of the Digital Media Laboratory

Business intelligence infrastructures are dynamic. As companies generate new information, they need to apply that information productively to business processes. Sometimes that requires devising new kinds of analyses. Sometimes it means pushing information to new communities of users. Read more

Developing Analytic Applications is a Collaborative Process – Research Study of 250 IT Professionals

By Elliot King, Ph.D.
Professor of Communication, Loyola University Maryland & Founder of the Digital Media Laboratory

In many organizations, the IT department has the responsibility and the expertise to explore, develop, and install most major applications, as well as identify technology that can support an organization’s mission. While senior management must sign off on any significant new project, the IT group takes on the burden of such initiatives.

However, the process of identifying, developing, and implementing analytic applications is a much more collaborative process according to a research study conducted by the Lattanze Center, a nationally recognized center of excellence on issues related to business excellence and IT at Loyola University Maryland. To an overwhelming degree, IT professionals and end users work together to select and develop analytic applications.

In a survey of more than 250 IT professionals who indicated that analytic applications were used in their organizations:

  • 71% reported that selecting analytic applications was a joint decision made by IT and end users
  • 10% said that IT alone chose analytic applications
  • 5% indicated that end users alone selected analytic applications

The same pattern of collaboration held true for developing analytic applications. Among the respondents to the survey:

  • 56% said that IT professionals and end users work together to develop analytic applications
  • 24% reported that IT professionals alone created analytic applications
  • 9% indicated that consultants were responsible for developing analytic applications
  • 4% said that end users were entirely responsible for developing analytic applications

This data suggests that in many organizations end users do not have sufficient technical skill to build applications without assistance, nor are they empowered to select analytic applications entirely on their own.

On the other hand, end users do routinely collaborate on both the selection and development of analytic applications. The reason is not hard to determine. Analysis is a quintessential “ground up” activity. End users know what data they need and how they want to analyze it, while IT can identify and suggest new tools that could be potentially useful.

To a degree, the level of cooperation between end users and IT during the development process declines. While end users simply may not have the technical skills needed to assist in development, a high degree of interaction is needed to ensure the analytic tools selected, developed, and implemented can generate data and lead to the answers the end users want.

Stay tuned for part three of this series in the July/August 2011 issue of the Noetix Newsletter! We will take a look at the amount of time it takes for an organization to go from the decision to create a new analytic application, to having the application operational, including the biggest challenges found along the way.