In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the “Cyclopædia of Commercial and Business Anecdotes.” He used it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before his competition. More recently, in 1958, an article was written by an IBM computer scientist […]
What Is Streaming Analytics?
Data intake is an ongoing process, so the filtering and analysis process works best when it is continuous. However, most organizations struggle with this aspect and instead process data in batches. Streaming analytics, also known as event stream processing, solves this issue by employing methods such as continuous queries to process and analyze data in real time. […]
Is Streaming Analytics the Future of Business Analytics?
Analyzing data as it is created or changes? Is that possible? Now it is, with streaming analytics, which monitors and responds to continuously flowing data from connected devices and live data channels like the sensors, machine logs, relational databases, social media feeds, location data sources, and so on. The core differentiator of streaming analytics is […]
Enterprise Analytics Trends
Evan Terry, Chief Analytics Officer at Velocity Mortgage Capital said that enterprise analytics technology is increasingly sophisticated, due to machine learning, artificial intelligence (AI), and streaming analytics, but you can’t benefit from these advancements without a solid foundation. “There’s a real interplay there between the foundational and the advanced.” Terry discussed these interplays during his […]
A Brief History of the Hadoop Ecosystem
In 2002, internet researchers just wanted a better search engine, and preferably one that was open-sourced. That was when Doug Cutting and Mike Cafarella decided to give them what they wanted, and they called their project “Nutch.” Hadoop was originally designed as part of the Nutch infrastructure, and was presented in the year 2005. The […]
Is Lakehouse Architecture a Grand Unification in Data Analytics?
Click to learn more about author Arsalan Farooq. I do not think it is an exaggeration to say data analytics has come into its own over the past decade or so. What started out as an attempt to extract business insights from transactional data in the ’90s and early 2000s has now transformed into an […]
Data Governance and Streaming Analytics
Data volumes are continuing to grow and the use of streaming analytics therefore is becoming even more widespread, so many companies are beginning to realize that existing Data Governance practices must also evolve to remain relevant. “More is being asked of an organization’s governance platform than ever before,” says industry insider Robert Chernesky, about the […]
Streaming Analytics: The Value is in the Action
“When we’re talking about streaming analytics, we’re talking about flipping our traditional paradigm a little bit and thinking about how we bring analytics to our data, and not necessarily data to our analytics,” said Kimberly Nevala, the Director of Business Strategies for SAS Best Practices, while discussing streaming analytics during the DATAVERSITY® Enterprise Analytics Online […]
Increasing Operational Visibility and Responsiveness with Streaming Analytics
Click to learn more about author Bernd Gross. In today’s digital business age, enterprises are rapidly moving applications to an event-driven model to achieve the speed, agility, and responsiveness they need to remain competitive. Digital businesses — and their supporting technologies — must become more adept at responding to changing circumstances, and they must do […]
Data Strategy Trends in 2019
What do the world’s most successful digital organizations — companies like Amazon and Alphabet — have in common? The answer: A strong focus on data. Donna Burbank, Managing Director at Global Data Strategy, Ltd., says that the connection between excellent data utilization and business success is not a coincidence. The World Economic Forum, she reminds […]