"Major changes are imminent to the world of BI and analytics, including the dominance of data discovery techniques, wider use of real-time streaming event data and the eventual acceleration in BI and analytics spending when big data finally matures," Roy Schulte, vice president and distinguished analyst at Gartner, said in a statement. "As the cost of acquiring, storing and managing data continues to fall, companies are finding it practical to apply BI and analytics in a far wider range of situations."
Gartner outlined four key predictions for BI and analytics:
- By 2015, the majority of BI vendors will make data discovery their prime BI platform offering, shifting BI emphasis from reporting-centric to analysis-centric.
- By 2017, more than 50% of analytics implementations will make use of event data streams generated from instrumented machines, applications and/or individuals.
- By 2017, analytic applications offered by software vendors will be indistinguishable from analytic applications offered by service providers.
- Until 2016, big data confusion will constrain spending on BI and analytics software to single-digit growth.
Recent Gartner surveys show that only 30% of organizations have invested in big data, of which only a quarter (or 8% of the total) have made it into production. This leaves room for substantial future growth in big data initiatives, the firm says.
By: Bob Violino