• Follow us

Internet

Three ways businesses will adapt to become data-driven in 2019

Putting data to work has never been more of a priority in business, with 86 per cent of organisations having already implementing data-driven strategies or planning to do so within the next five years. Businesses no longer throw around the term big data like it’s going out of fashion, now it’s just data – measured for its potential to drive growth and reduce costs. As the way we look at data has matured, so too has our understanding of how to achieve the contemporary business dream: data-centricity.

In order to achieve this goal, however, organisations must first focus on becoming data-driven. 2018 has been the year for taking data seriously, for basing key business decisions on data and letting the data analytics take precedence. In fact, research we conducted earlier this year revealed that, 80 per cent of organisations are no longer able to function without their data sources.

Data management has also been subject to much tighter regulation, since the introduction of GDPR in May this year. Progress slowed as businesses regrouped and readied their data analytic initiatives for the new legal landscape. As all personal data now poses a potential business risk, it became imperative to know exactly what data is stored where and how to access it quickly. The consequences for those who fail to do this go far beyond the increased monetary fines; they jeopardise consumer trust and their business’ bottom line.

On a more positive note, GDPR’s requirement to take a data inventory has provided organisations with the opportunity to discover new data relationships and better understand information lifecycles. As a result, businesses can uncover better data strategies, and learn to work even more intelligently.

Businesses should be looking to keep evolving their data practices, using select information intelligently rather than hoarding it – a mentality left over from the big data days. To achieve data-centricity, data must become the core of organisational operations, thought of first and last in every process.

In 2018 we entered the age of data, but what’s to come in 2019? Here are three ways that I think businesses will adapt to be become more data driven in the year to come.

1. They will bring together Data Science and Business Intelligence

It’s a clash of two worlds: large organisations employ separate teams for their Business Intelligence (Data Warehouses, Dashboards, Reports, SQL) and Data Science (Statistical Models, Artificial Intelligence, Machine Learning, R/Python). While Data Science projects began in isolation, aiming to generate new insights out of often complex data, these developments are increasingly converging with BI as their technologies advance in the enterprise.

Next year, I think this trend will accelerate with more organisations than ever set to unite their Data Science and BI practices on some level. The secret is to ensure the needs of both teams are met. A “bring your own language” approach where data scientists can run scripts in their preferred language and BI teams can use SQL on a common data analytics repository can improve productivity and collaboration. Data Scientists can leave their laptops behind, freed by access to live data and increased computing capacity, as they apply statistical models to the single ‘point of truth.’

It’s not just about making the data scientists happy. Advances in BI tools make it possible for the data science team to build advanced algorithms into BI reports so that the C-suite can access deeper insights – if needs be on-demand. Access to data will ultimately need to be democratised, allowing teams throughout an organisation to work together to deliver more value, and more integrated into the fabric of the business.

2. They will make Business Intelligence self-service

Gartner’s recent CIO Agenda research revealed that data analytics remains the biggest area of IT and business investment, and with the rise of data analytics came the rise of business intelligence dashboards.

Primarily used by executives and senior members of staff, these dashboards give customised up-to-date reports on key business metrics and important business-driving data. Outside of the C-suite, business intelligence reporting is more ad hoc. The process for most staff is to request reports from their seniors, who request it from theirs, who request it from the analytics function. Failing that, such data is only accessible via monthly reports or updates.

The next evolution for business intelligence reporting is to become self-service, allowing all employees direct access to relevant business metrics and empowering them with the latest data.

Our research showed that 85 per cent of companies acknowledge the benefits of data and are actively working towards using it better. As this continues into 2019, business intelligence will become ever-more powerful, sitting upon high-performance analytic databases to enable all relevant teams with access to self-service reporting. 

3. They will hire the right people

While the move towards a technology-powered future has left some worried about their relevance in the workplace, leading companies cite skills shortages as a major impediment to growth. Deloitte’s Technology in the mid-market report found that 46 per cent of organisations are looking to hire more people now that they have implemented technologies such as cloud, AI and data analytics. In fact, the productivity of employees who are equipped with these technologies is exponentially higher than in the time before such developments.

Data-related skills, especially, remain in high demand. According to LinkedIn’s annual skills report released earlier this year, the top two essential skills that companies look for when recruiting are cloud computing followed by statistical analysis and data mining. This has remained the same since 2014, when data skills first became the most in-demand skill for employers.

As businesses work hard to deliver on their digital transformation plans in 2019, there will be an increasing need for employees with valuable data skills. In fact, it is predicted that Europe alone will need 346,000 more data scientists by 2020. Businesses are recognising that, as data becomes increasingly vital, so too are the employees who record and decode it.

As businesses embrace the transformational benefits of implementing intelligent data analysis, technology and techniques will continue to improve. It looks like we are in for another boundary-pushing year in 2019. I look forward to seeing how far we can progress data analytics next year and what we will be predicting for 2020.

Mathias Golombek, CTO, ExasolImage Credit: IT Pro Portal

Read More



Leave A Comment

More News

TechRadar: Internet news

Google can limit "right to be forgotten" in 2019-01-11 13:48:12A top court adviser has said that the right to be forgotten should be limited to searches made within the EU.

CES 2019 was absolutely buried in laptops and 2019-01-11 13:34:05We asked Microsoft why there were so many computers at CES this year, and its answer is surprisingly frank.

US government shutdown leaves websites down 2019-01-11 13:10:26Government websites are the latest victim of the shutdown that has left hundreds of thousands of government employees furloughed.

The top 5 fitness trackers on sale in 2019-01-11 12:45:47Get in shape and save money on top brand fitness trackers.

Ultra-ultra settings: how 8K TVs are going to 2019-01-11 12:32:55At CES 2019 we've been checking out the first wave of consumer-ready 8K TVs, and looking at how they'll improve your gaming experience.

PC sales struggle again 2019-01-11 12:26:16The PC market has slowed again as a result of the US trade war with China and a processor shortage at the end of last year.

Best speakers from CES 2019: the best wireless, 2019-01-11 12:06:57From eco-friendly portable speakers to massive towers, here are our favorite speakers from the consumer tech show.

How voice assistants have doomed the remote control 2019-01-11 11:32:31TVs at CES all have Alexa, Google Assistant and scores of other voice assistants, but the hands-free future goes way beyond voice control.

This wallet-friendly Raspberry Pi case comes with a 2019-01-11 10:34:52There are loads of Raspberry Pi accessories out there, but this is a tempting one, particularly given the asking price.

Best mesh Wi-Fi routers 2019: the best wireless 2019-01-11 10:26:47From Netgear Orbi to Google Wifi, these are the best Wi-Fi mesh routers you can buy today.

Philips TV lineup 2018: the past year in 2019-01-11 10:25:09Philips unveiled a whole load of new sets for 2018. But what's the difference between them?

Google Fuchsia release date, news and rumors 2019-01-11 10:05:58Exploring all we know so far about Google Fuchsia, the OS in development for Google laptops, phones and tablets.

Latest ITProPortal news

The cybersecurity beast: what’s in store for 2019 2019-01-11 05:00:26Below are some predictions of what 2019 is likely to hold for businesses from a cybersecurity perspective.

What is Blockchain? Everything you need to know 2019-01-11 04:55:55Blockchain: What’s new  11/01 - FEATURE - Keith Bedell-Pearce/4D Data Centres - Bringing together blockchain, internet of things and artifi

Bringing together blockchain, internet of things and artificial 2019-01-11 04:30:32All three of the new renaissance technologies will bring about major changes in the way work and processes are carried out, with the elimination of wh

Ten small steps to make your big IoT 2019-01-11 04:00:48Based on my experience with dozens of IoT implementations across industries, I have discovered that these guidelines are often overlooked.

Yubico reveals USB security keys for iPhone 2019-01-10 07:00:49The keys will use UBS-C and Lightning ports.

Surviving seasonal stress and network strain 2019-01-10 07:00:42To make sure this doesn’t happen, there are four key considerations for hoteliers across the globe to take into account.

IoT devices now top targets for cybercriminals 2019-01-10 06:30:46Email servers aren't as interesting as they used to be.

How to keep safe with cybercrime and data 2019-01-10 06:30:36For those who are concerned about their data, the following tips will help keep individuals secure and prepared.

Three ways businesses will adapt to become data-driven 2019-01-10 06:00:39Mathias Golombek, CTO at Exasol reviews progress in data transformation and shares three pragmatic strategies that businesses will adopt to outmanoeuv

London and UK top tech investment across Europe 2019-01-10 06:00:14Berlin and Germany 'cemented' in second place.

Deep learning – The next big thing in 2019-01-10 05:30:18There are a growing number of tech vendors entering the space who are keen to discuss how this is the next generation of data science, but what exactl

Serverless computing for enterprises: Start small and think 2019-01-10 05:00:28For IT leaders, the goal must be helping developers focus their excitement over serverless on the right applications.

Nouvelles Internet

Netflix accusé de censure après avoir retiré une 2019-01-02 10:42:00Netflix a confirmé avoir retiré de sa plateforme en Arabie saoudite, à la demande de Riyad, l'épisode d'une émiss

Cybersécurité: une loi draconienne entre en vigueur au 2019-01-01 09:07:00Une loi obligeant les entreprises de l'internet à supprimer tout contenu jugé « toxique » par les autorité

Un «Google du dark web» pour naviguer dans 2018-12-27 08:56:00Un « Google du dark web », permettant d'aller fouiller dans les entrailles obscures d'internet où s'achètent ar

Internet: le Bureau de la concurrence réclame des 2018-12-20 15:41:00Le Bureau de la concurrence recommande que toutes les entreprises de télécommunications soient tenues d'utiliser des devis clairs, simp

Les É.-U. inculpent deux Chinois pour piratage informatique 2018-12-20 13:29:00Les États-Unis ont annoncé jeudi l'inculpation de deux Chinois accusés d'avoir mené des cyberattaques contre 12 pay

Facebook ferme des centaines de pages liées aux 2018-12-19 06:41:00Facebook a annoncé la fermeture de centaines de comptes et de pages liés à l'armée birmane pour tenter de répondre

Trump réitère ses attaques contre Facebook, Twitter et 2018-12-18 08:33:00Le président américain Donald Trump a une nouvelle fois accusé mardi les géants de l'internet de faire preuve de partiali

Le cofondateur de HQ Trivia et de Vine 2018-12-16 22:40:00Colin Kroll, 34 ans, cofondateur de HQ Trivia et de Vine, est mort dimanche, a indiqué HQ Triva, tandis que la police de New York disait privil

Dev Pro

12 of the Top IoT Trends Showcased at 2019-01-11 23:53:00At this year’s CES, it seems like Internet of Things technology was nearly omnipresent. We take a look at the most prominent IoT trends on displ

Google Cloud Platform Shares About Security Trends to 2019-01-11 19:28:00Per the search giant, IT Pros and system admins must mitigate risks for phishing, malware, and ransomware risks. Also: more workers will use virtual e

CERN's New Data Center for the Large Hadron 2019-01-11 19:13:00The modular 3MW facility will use free air cooling and is expected to run at PUE 1.1. It will serve a single project, which aims to find out what happ

Vendors up Browser Security Ante 2019-01-11 16:50:00Vendors have been thickening browser security--slowly and assuredly--as the browser's UI role increases.

Weekly Update with ITPro Today: Jan. 11, 2019 2019-01-11 15:42:00This week, Microsoft updates GitHub for individual users and enterprise accounts, and CES 2019 highlights enterprise technology among consumer gadgets

A New Type of Network Is on the 2019-01-10 21:54:00“Quantum-proof” encryption algorithms won’t be entirely quantum-proof. Quantum key distribution networks could be the answer.

Google Wins Round in Fight Against Global Right 2019-01-10 19:25:00Google shouldn’t have to apply the so-called right to be forgotten globally, an adviser to the EU’s top court said in a boost for the U.S.

Microsoft Is Expanding Its Virginia Data Center Footprint, 2019-01-10 18:52:00Microsoft is expanding its data center campus in Boydton, a town in southern Virginia • The campus hosts one of three availability regions for th

U.S. Military Trusted More Than Google, Facebook to 2019-01-10 18:16:00Facebook Inc. is among the technology companies leading the race to develop artificial intelligence. But Americans don’t trust it to do so respo

PCs Have a Lesson for the Smartphone Industry 2019-01-10 17:24:00The smartphone market has entered a phase that the personal-computer industry hit several years ago: Devices are useful and good enough that people ar

Amazon Acquires AWS Backup Solutions Firm CloudEndure 2019-01-10 16:58:00CloudEndure, a provider of AWS backup solutions, cloud disaster recovery and migration, has been acquired by Amazon.

Enterprise Storage Solutions Make Debut at CES 2019-01-10 11:45:00Amid consumer-focused storage announcements, Seagate and Western Digital introduced a few noteworthy enterprise storage solutions.

TechCrunch » Enterprise

AWS gives open source the middle finger 2019-01-09 19:00:27AWS launched DocumentDB today, a new database offering that is compatible with the MongoDB API. The company describes DocumentDB as a “fast, sca

New Synergy Research report finds enterprise data center 2019-01-09 13:05:27Conventional wisdom would suggest that in 2019, the public cloud dominates and enterprise data centers are becoming an anachronism of a bygone era, bu

Baidu Cloud launches its open-source edge computing platform 2019-01-09 13:00:01At CES, the Chinese tech giant Baidu today announced OpenEdge, its open-source edge computing platform. At its core, OpenEdge is the local package com

Microsoft’s latest Teams features take aim at shift 2019-01-09 11:12:10Collaboration tools tend to be geared toward workers who are sitting at a desk for much of the day, but there are plenty of shift workers, also known

Baidu announces Apollo Enterprise, its new platform for 2019-01-09 00:24:08Baidu made several big announcements about Apollo, its open-source autonomous vehicle technology platform, today at CES. The first is the launch of Ap

Managed by Q ends 2018 with a fresh 2019-01-08 15:23:22Managed by Q, the office management platform that launched back in 2013, has today revealed that it raised an additional $25 million as a part of its

Amid a legal fight in LA, IBM’s Weather 2019-01-08 13:23:49While IBM is getting sued by the city of Los Angeles, accusing it of covertly mining user data in the Weather Channel app in the U.S., it’s test

Amazon reportedly acquired Israeli disaster recovery service CloudEndure 2019-01-08 12:37:43Amazon has reportedly acquired Israeli disaster recovery startup CloudEndure. Neither company has responded to our request for confirmation, but

Daily Crunch: The age of quantum computing is 2019-01-08 12:10:23The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox ever

IBM unveils its first commercial quantum computer 2019-01-08 11:29:10At CES, IBM today announced its first commercial quantum computer for use outside of the lab. The 20-qubit system combines into a single package the q

HQ2 fight continues as New York City and 2019-01-07 15:53:00The heated debate around Amazon’s recently announced Long Island City “HQ2” is showing no signs of cooling down. On Monday morning,

GitHub Free users now get unlimited private repositories 2019-01-07 12:50:15If you’re a GitHub user, but you don’t pay, this is a good week. Historically, GitHub always offered free accounts but the caveat was that



Disclaimer and Notice:WorldProNews.com is not responsible of these news or any information published on this website.