data management

The Power of Crunching Big Data Effectively – Business Intelligence Article

Click to learn more about author Lex Boost. Not embracing the Big Data trend can cost your company. According to an Accenture study, 79 percent of enterprise executives agree that companies not embracing Big Data will lose their competitive edge. With data creation on track to grow tenfold by 2025, it is extremely important for businesses to be able to process it in a quick and efficient manner. So what does “Big Data” mean? The term is often thrown around…

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Data Professional Introspective: How to Tackle a Data Quality Strategy – Business Intelligence Article

Everyone talks about the importance of data quality, but no one does anything about it.  Not anything much, that is.  Now, have I offended you?  Are you thinking about thousands of lines of ETL scripts with quality rules?  About the data quality tools your organization has purchased?  About a proof of concept dashboard monitoring a few key applications? Well, that may be the case, but many organizations have implemented data quality improvements at the project level.  However, it is likely…

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Security and legal issues are the biggest barriers to cloud BI for large & mid-size companies – Business Intelligence Article

Security and legal issues are the biggest barriers to cloud BI for large and mid-size companies Security and legal issues are the biggest challenges for large and mid-size organizations implementing cloud BI since they face more regulatory and investor scrutiny than smaller companies. The biggest challenges for small companies are security and politics. Challenges when implementing cloud BI, by company size (n=163) Companies that have not yet implemented cloud BI cite security and legal issues as the top reasons for holding out, especially large companies and mid-size…

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Top drivers and benefits of cloud BI differ significantly by company size – Business Intelligence Article

Top drivers and benefits of cloud BI differ significantly by company size The top drivers of cloud BI differ significantly by company size. Small companies are attracted to the cloud because of flexibility, cost, reduced infrastructure maintenance and scalability. For large companies, scalability is the top driver, followed by speed of implementation, cost and agility. Mid-size firms are driven by cost, flexibility, performance and security. Most important reasons for implementing BI and data management in the cloud, by company size (number of  employees), n=162 Benefits also vary significantly…

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Traditional security with a universally high adoption across all sectors – Business Intelligence Article

Looking closer at the usage of various security technologies across different industries, we can see that the only tools with a universally high adoption across all sectors are traditional security products like firewalls, endpoint security solutions and intrusion detection systems to a certain extent. When it comes to more advanced technologies, however, adoption rates vary dramatically. Breakdown of used technologies across different sectors (N=208) Heavily regulated industries like finance and telecommunications, as well as manufacturing are leading in adoption of…

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Small companies more likely to implement cloud BI / data warehouses – Business Intelligence Article

Small companies are more likely than large or mid-sized companies to implement BI tools and data warehouses in the cloud. Cloud BI components, by company size (number of  employees), n=170 Furthermore, small companies are more likely to use the public cloud than private or hybrid clouds and tools to integrate cloud applications. This makes sense because many small companies may not have a legacy BI/data warehouse environment and internal data center or the IT staff that can build something in-house. And since many small companies are startups, they…

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Best-in-class use whole spectrum of big data technologies – Business Intelligence Article

Best-in-class companies use whole spectrum of big data technologies When looking at the big data technologies that companies are already using or planning to use for security, the divide between best-in-class companies and the rest of the crowd is quite clear. While the former utilize the whole spectrum of existing big data technologies, with the number of users of even the most innovative and expensive ones never dropping below 50%, laggards appear to not even be aware that some of these…

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Navigating the changing technical landscape in banking and finance – Business Intelligence Article

It can be said that the banking industry is going through a phase of radical modernization and technological change, transforming how finance delivers value to their customers. Technology is simultaneously disrupting and enabling banking and finance at the same time. The barrage of fintech startups entering the industry is posing both a threat and an opportunity to incumbent organizations. How the CFO chooses to adopt new digital technology is a strategic decision that will define an organization’s position in the…

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Essential Questions for Data Prep & Analysis – Business Intelligence Article

Data preparation can be a tedious and time consuming activity.  However, it is a fundamental part of the data analysis process in order to produce accurate information that can be trusted. If you are responsible for preparing data for analytics, you have to ask questions based on the expectations and demands of the business. What is the problem you are looking to solve? To address the concern, you need to ask specific questions to your audience, from the report creators…

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28msec: Taxonomy-Driven Data Management for Complex Regulatory Reporting – Business Intelligence Article

The Hub Designs MDM Think Tank had a first-time introduction to 28msec when we met with Eric Kish, who served several years as its CEO. 28msec provides solutions that particularly target complex data management use cases, as well as data governance and data analytics. It was founded in 2008 in Zurich, Switzerland and is now headquartered in Menlo Park, California. In 2013, the company came out of “stealth mode” to openly market its data solutions. 28msec grew out of a…

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3 Trends that are Changing the World of Data – Business Intelligence Article

In my last post, I wrote about the new data integration requirements. In this post I wanted to share a few points made recently in a TDWI institute interview with SnapLogic founder and CEO Gaurav Dhillon when he was asked: What are some of the most interesting trends you’re seeing in the BI, analytics, and data warehousing space? There are three trends that I believe are fundamentally changing the world of data. The first is the shift to the cloud.…

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