Last month, Voxware spent three days in the desert exchanging ideas with thought leaders across a wide set of industries at the Gartner Business Intelligence Summit in Las Vegas. The biggest takeaway? No one wants to wager his or her business outcomes on incomplete or out-of-date information.
Never before have IT departments been able to gather, store, and organize data so inexpensively with massively scalable cloud storage at their disposal. Managers have never before had so much power to combine multiple data sets to tell stories that drive profits. The biggest challenge we are now facing is getting data in the right place at the right time.
Voxware attended dozens of presentations and information sessions and three key themes emerged:
1. Self-Service Business Intelligence: The rise of the “citizen data scientist” is a reflection of the fact that managers throughout the enterprise can no longer wait for the IT department to build models and dashboards. Instead, business users need the power to design their own analytics dashboards.
2. In-Memory Analytics: Big Data is evolving into Fast Data as the demand for real-time insights accelerates. As a result, real-time data exploration is migrating from the hard-drive to application memory.
3. Data Governance and Quality: The classical, monolithic data warehouse is giving way to a variegated collection of structured and unstructured data sources and storage technologies that some call a “federated” or “logical” data warehouse. As this landscape blooms, and as development and usage of BI applications decentralizes, an organization must strive to maintain a ‘single version of the truth’.
These topics are too big to address in a single post so we will explore these themes in greater detail in weeks to come. Stay tuned.