October 2, 2014
TDWI Best Practices Report: Real-Time Data, BI and Analytics
I came across some interesting findings in the latest TDWI Research Paper, “Real-Time Data, BI and Analytics Accelerating Business to Leverage Customer Relations, Competitiveness, and Insights,” by analysts Philip Russom, David Stoddler and Fern Halper. In April 2014, TDWI invited BI professionals in its database to complete an Internet-based survey. They also received respondents from TDWI web pages, newsletters, and publications. They excluded academic and vendor employee respondents. The core data sample for this report was derived from the resulting responses of 365 respondents.
This report explores real-time data and delves into the factors that affect the benefits and barriers of each. It’s designed to educate organizations, showing how real-time data can provide valuable insights. “According to this report’s survey, the leading benefits of implementing real-time technologies for data, BI, and analytics include better actions based on BI and analytic information, customer service and customer experience, and automated decisions made by software, not people. The barriers to achieving such benefits include cost, difficulties in designing real-time systems, the state of data management infrastructure, and inadequate staffing or skills.” ~TDWI
TDWI Best Practices Reports Series
TDWI Best Practices Reports Series is designed to educate technical and business professionals about new business intelligence technologies, concepts, or approaches that address a significant problem or issue. This report educates organizations worldwide how and why they should accelerate their business operations and insights into real time. A number of real-world use cases are now established in which real-time techniques help grow customer accounts, achieve operational excellence, and keep pace with competitors.