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Big Data confusion slows growth of BI and Analytics

Recent data from Gartner show that only 30% of companies are investing in Big Data and only 8% have projects underway. This was one of many points made by Brian Karlovsky in a ARN article about the temporary slowdown in BI and Analytics growth over the next two years.

Big Data confusion will constrain spending on business intelligence and analytics software to single digit growth for the next two years, according to Gartner. However, the CIO focus on BI looks set to continue and Gartner has mapped out the progress of the proliferation of Big Data, giving key predictions until 2017.

Consequently, the growth of Business Intelligence and Analytics applications will slow down to single digit growth for the next two years  (2014 and 2015) because companies are currently focused on acquiring, storing and managing data; and because the benefits of BI and Analytics are not well understood.

During the next two years, businesses will have to close the gap between spending on big data technology and understanding why they need the benefits of BI and analytics. This gap will be closed when services become targeted and packaged and when discussions pivot from technology to business decisions.

By 2016, significant changes ill have been made to data discovery techniques and a wider use of real-time streaming of event data; will lead to an acceleration of BI and Analytics.

By 2017, according to Gartner, more than 50% of analytics will make use of event data streams generated from machines, applications and individuals. Also, as companies see the value of analytics, they will expect access to streaming data and analytics that inform in close to real time.

Also, by 2017, according to Gartner, analytic applications from software vendors and service providers will be indistinguishable.

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