{"id":12295,"date":"2013-02-14T14:18:56","date_gmt":"2013-02-14T13:18:56","guid":{"rendered":"http:\/\/timoelliott.com\/blog\/?p=4619"},"modified":"2013-02-14T14:18:56","modified_gmt":"2013-02-14T13:18:56","slug":"gartnerbi-emea-2013-part-1-analytics-moves-to-the-core","status":"publish","type":"post","link":"https:\/\/timoelliott.com\/blog\/2013\/02\/gartnerbi-emea-2013-part-1-analytics-moves-to-the-core.html","title":{"rendered":"#GartnerBI: Analytics Moves To The Core"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border-width: 0px;\" title=\"gartner-bi-palau\" alt=\"gartner-bi-palau\" src=\"https:\/\/i0.wp.com\/timoelliott.com\/blog\/wp-content\/uploads\/2013\/02\/gartner-bi-palau.jpg?resize=690%2C439&#038;ssl=1\" width=\"690\" height=\"439\" border=\"0\" \/><\/p>\n<p>I attended the Gartner Business Intelligence and Analytics Summit last week in Barcelona. As usual, it was a great conference, and it was great to catch up with analysts, colleagues, customers, and competitors. The first morning included a Gartner keynote by <a href=\"http:\/\/www.gartner.com\/AnalystBiography?authorId=30123\" target=\"_blank\">James Richardson<\/a>, <a href=\"http:\/\/twitter.com\/ianabertram\" target=\"_blank\">Ian Bertram<\/a>, and <a href=\"http\/\/twitter.com\/ted_friedman\" target=\"_blank\">Ted Friedman<\/a>, and a vendor panel.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border: 0px;\" title=\"gartnerbi keynote\" alt=\"gartnerbi keynote\" src=\"https:\/\/i0.wp.com\/timoelliott.com\/blog\/wp-content\/uploads\/2013\/02\/gartnerbi-keynote.jpg?resize=690%2C458&#038;ssl=1\" width=\"690\" height=\"458\" border=\"0\" \/><\/p>\n<h3>Analytics Moves To The Core<\/h3>\n<p>BI and Analytics is again the <a href=\"http:\/\/www.gartner.com\/newsroom\/id\/2159315\" target=\"_blank\">number one technology priority for CIOs in 2013<\/a>, and the rising importance of information changing the philosophy behind enterprise information infrastructures. Today, these are generally application-focused, with analytics added on top as an afterthought. However, organizations are increasingly realizing that information is core to competitive advantage, and hence that the analytics infrastructure is actually the core of the system. As one speaker put it, \u201capplications come and go; information is permanent\u201d. We should no longer think of applications &#8220;owning&#8221; data stores \u2013 instead, they should be seen side-by-side, as peers.<\/p>\n<p>This means new opportunities, big changes to information architectures, and new challenges for analytics teams.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border-width: 0px;\" title=\"analytics_at_core_of_business\" alt=\"analytics_at_core_of_business\" src=\"https:\/\/i0.wp.com\/timoelliott.com\/blog\/wp-content\/uploads\/2013\/02\/analytics_at_core_of_business.jpg?resize=690%2C387&#038;ssl=1\" width=\"690\" height=\"387\" border=\"0\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3>Be Proactive: More Difficult, But More Value<\/h3>\n<p>The theme of the conference was \u201cAnalyze. Predict. Act\u201d, and attendees were exhorted to use information more proactively. \u201cToday, organizations mostly use BI to describe things. Reports go unread and unused. It isn\u2019t action-oriented enough. You must put information to work.\u201d Gartner encouraged organizations to gain value from higher levels of analytic maturity, moving from information and hindsight to optimization and foresight:<\/p>\n<ul>\n<li>Descriptive analytics \u2013 what happened?<\/li>\n<li>Diagnostic analytics \u2013 why did it happen?<\/li>\n<li>Predictive analytics \u2013 what will happen?<\/li>\n<li>Prescriptive analytics \u2013 how can we make it happen?<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border: 0px;\" title=\"analytic-maturity\" alt=\"analytic-maturity\" src=\"https:\/\/i0.wp.com\/timoelliott.com\/blog\/wp-content\/uploads\/2013\/02\/analytic-maturity.jpg?resize=690%2C465&#038;ssl=1\" width=\"690\" height=\"465\" border=\"0\" \/><\/p>\n<p>Today, most organizations are stuck at lower-value descriptive analytics: for example, Gartner\u2019s research shows only <a href=\"http:\/\/www.cioupdate.com\/technology-trends\/gartner-taps-predictive-analytics-as-next-big-business-intelligence-trend.html\" target=\"_blank\">13%<\/a> of companies make extensive use of predictive capabilities. But more sophisticated analysis can bring great business value: \u201cwhat would you prefer &#8211; a report that shows clients you lost, or a model that shows who is about to churn and how to keep them?\u201d Gartner says three-quarters of companies plan to add more sophisticated predictive and predictive analytics in the future.<\/p>\n<p>In order to create actionable information, we need to add \u201ccontext\u201d, and that requires breaking down analytics silos to get a broad view across the organization. Gartner recommends organizations adopt an \u201c<a href=\"http:\/\/blogs.gartner.com\/michael_blechar\/2011\/10\/01\/the-heart-of-information-infrastructure-is-the-information-capabilities-framework\/\" target=\"_blank\">information capabilities framework<\/a>:\u201d<\/p>\n<blockquote><p>An information infrastructure which is able to support different categories of \u201cuse cases\u201d \u2013 such as online transaction processing applications, analytical applications and other hybrid forms of applications and workflows \u2013 using a core set of technologies and interfaces which can be shared across those use cases.<\/p><\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/pbs.twimg.com\/media\/BCU_geUCEAAosgT.jpg:large\" width=\"690\" height=\"518\" \/><\/p>\n<p><em>Source: <\/em><a href=\"https:\/\/twitter.com\/ds00tso\" target=\"_blank\"><em>Thorsten Sommer<\/em><\/a><em>.<\/em><\/p>\n<h3>Are Your Analytics Projects Failing?<\/h3>\n<p>During the panel session vendors were asked to estimate the failure rate of analytic projects. They generally agreed that more than 70%\u00a0 failed to meet expectations \u2013 but since most organizations don\u2019t put in place explicit success criteria, it is hard to assess what this means. In addition, failure rates probably vary between different levels of maturity \u2013 with simple descriptive analytics being relatively successful.<\/p>\n<p>Returning Gartner Analyst <a href=\"https:\/\/twitter.com\/FrankBuytendijk\" target=\"_blank\">Frank Buytendijk<\/a> had a sunnier, more pragmatic take on the situation: \u201cfailure rate in analytics? I&#8217;d say 0%. There is always the benefit of having found another way something doesn\u2019t work!\u201d<\/p>\n<p>Factors that are challenging existing ways of doing things included big data, mobile, the lack of skills, the convergence of analytics and operations, and the digital consumers of the future: \u201cyou now get a tech downgrade when you go to work.\u201d<\/p>\n<h3>Conclusion<\/h3>\n<p>The key themes:<\/p>\n<ul>\n<li>Be experimental and change ready \u2013\u00a0 be proactive: analytics are changing fast, so you will have to<\/li>\n<li>Rethink your information \u2013 information is not just a byproduct, it\u2019s an asset<\/li>\n<li>Broaden analytical architectures \u2013 it\u2019s about much more than traditional structured transaction data<\/li>\n<li>Market analytics internally \u2013 communication is key<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><em>More in Part 2 soon.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary of the Gartner Business Intelligence and Analytics EMEA 2013 Summit in Barcelona &#8212; Part 1: Analytics moves to the core of information infrastructures, becomes more proactive, more valuable.<\/p>\n","protected":false},"author":2,"featured_media":4613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[27,100,173,521,524],"class_list":["post-12295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conferences","tag-bigdata","tag-analytics","tag-big-data","tag-gartner","tag-gartnerbi"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/timoelliott.com\/blog\/wp-content\/uploads\/2013\/02\/gartner-bi-banner-1.jpg?fit=690%2C310&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3X9RF-3cj","_links":{"self":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts\/12295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/comments?post=12295"}],"version-history":[{"count":0,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts\/12295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/media\/4613"}],"wp:attachment":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/media?parent=12295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/categories?post=12295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/tags?post=12295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}