The advent of new analytics tools has brought big data into the IT procurement conversation. Managers may be unsure whether to press ahead with the new systems or maintain the status quo. According to TechTarget, a combination of both approaches, with BI systems still employed for their established uses and big data brought in to deepen companies’ understanding is most effective.
Complementary tech areas
A recent TechTarget report highlighted the possible interactions between big data analytics and traditional business intelligence. The source noted that each type of system excels at specific types of query. Many IT leaders, according to the source, become interested in big data due to its strong buzz in the marketplace. They often consider analytics and data warehousing solutions specifically created for big data as a replacement for traditional systems.
TechTarget stated that hoping for a big data system to replace current analytics tools is likely misguided. Instead, companies can add the technology as a complement. The source noted that big data processes excel at working with results from standard BI as a base, determining the reasons behind structured data answers by looking at the big picture.
The advent of new analytics systems at a company can reveal tension between departments, TechTarget reported. The source suggested that IT departments, which have traditionally controlled business intelligence but are only partly responsible for new analytics, could feel territorial and challenge the incoming systems. Rather than either give in to such challenges or strike them down with a total analytics makeover, TechTarget suggested encouraging new collaboration options and improving overall performance.
Some may worry that the debate over the role of new analytics software may be moot, with tech budgets suffering cuts. According to a recent KPMG survey, however, procurement efforts will go on. The research conceded that IT leaders are likely to cut back on spending in the face of continuing global economic uncertainty but insisted new tech development is still part of the agenda.
The differentiator between tech areas that will be tabled and those that will remain a priority, according to the source, is return on investment. The report stated that purchases of analytics tools, cloud computing and mobile devices will likely go on, even as procurement spending shrinks, as IT leaders feel they can make money on the investments and justify the expense nearly immediately.