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Analyst Lisa Kart discussed another classic dilemma that has become exacerbated by the proliferation of big data and other
changes in business intelligence. Data scientists often have to decide whether they want to make decisions that ensure lowrisk certainty or take the plunge into high-performance risk, Kart said. An audience poll revealed that when faced with this
choice, most people in the crowd wanted to gather more information about their options and collect relevant data for a period
of time to reduce uncertainty. Ultimately, though, Kart said that the organizations that are most successful in big data and
analytics are those that take an experimental approach.
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Kart drove the message home by citing the differences between Blockbuster and Netflix. When Blockbuster's future was in
jeopardy following Netflix's introduction of the ship-to-home model, the company delayed any major overhaul and instead
spent a great deal of time analyzing local data from Blockbuster branches. While Blockbuster stalled, however, Netflix
disrupted its own business model with in-home streaming, and Blockbuster was forced out of business. "Change is always
risky, but not changing is riskier," Kart said, calling for boldness in BI decision-making.
The third and final dilemma that analysts highlighted centered on company culture, and the idea of "hoarding data." Gartner
analyst Frank Buytendijk discussed why protecting and "hiding" data behind corporate politics should become a thing of the
past. Letting go of data is a sign of leadership in the modern BI environment, Buytendijk said, and he encouraged attendees to
"lift false constraints to synthesize new opportunities."
Because these three primary dilemmas have left many organizations with difficult decisions to make, the business intelligence
market has experienced slow growth over the past year. Analyst Dan Sommer revealed that while BI market growth was
roughly 17 percent in 2011, the last few years have been a "dark time" for business intelligence. In 2014, growth was a mere
4 percent, he said.
The market is in a transitional phase, he pointed out, especially when it comes to cloud analytics solutions as well as predictive
and prescriptive solutions. For the moment, there is no "clear leader in cloud analytics," he said, though several companies are
Analysts at Gartner Business Intelligence Summit Talk Top BI 'Dilemmas' and How to Solve Them (Video Presentation) - CRM Magazine
worth keeping an eye on. Salesforce.com's introduction of Wave analytics, for example, has the potential to be a disruptive
force in the market, but the solution is not there yet, Sommer said. The vendor's huge ecosystem makes it compelling,
however. As for predictive and prescriptive analytics, Sommer likened the state of that market to space exploration. So far,
ventures into this area have been largely unsuccessful, but these solutions will be the "next frontier," he said.
As big data continues to "explode" and organizations continue to collect all sort of insight on consumers and businesses, that
collection process must eventually turn into "connection," Sommer concluded. Despite the challenges that abound, this must
be the goal for every organization that wants to propel its business intelligence ecosystem forward. The shift to algorithm
centricity will be key for developing these crucial connections, and the transition from business intelligence to algorithm
intelligence is inevitable, Sommer said. "That's where all the money is going."
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