Visualization Drives Adoption of Self-Service BI & Anyone Analytics
By Jeremy Stierwalt, Senior Director – Analytics at NTT DATA
The promise of analytics/BI – better, faster decision making – is now very much a reality, and businesses not moving forward on the analytics/BI front will find themselves consumed, commoditized or simply crushed faster than what was even imaginable ten years ago.
Among the biggest factors driving the increased adoption of analytics/BI is the ever-broadening array of workers throughout a business with access to analytics/BI solutions. From the early 90s until today, we’ve seen the reach of analytics/BI steadily extend, albeit at a tortuously slow pace, from the C-level to frontline workers – and with this extension, a marked increase in use-case validation.
The state of self-service BI, anyone analytics
Pervasive, self-service analytics/BI is gathering steam. According to Dan Sommer, principal research analyst at Gartner, “We are rapidly heading towards a world of analytics everywhere. Gartner predicts that analytics/BI will reach 50 percent of potential users by 2014. By 2020, that figure will be 75 percent.
In line with this, Forrester reports that 65% of better performing companies allow business users to build and deploy BI, compared with 19 % of companies with less growth. And 75% of better performing organizations deploy interactive data visualization solutions, compared to 41% of companies with less growth, according to Forrester.
Despite this notable progress and positive outlook, self-service analytics/BI has quite a way to go to become mainstream.
According to a recent survey conducted by Wakefield Research on behalf of SAP, an alarming 61% of respondents say they don’t use their company’s data to its full potential.
As the volume, velocity and variety of data continues to skyrocket, easy-to-use data discovery and visualization tools are vital to extending data-driven decision making throughout the enterprise.
SAP visualization tools to the rescue
A recognized leader in analytics/BI by Gartner, Forrester, IDC, and Dresner Advisory Services, among other leading industry analysts firms, SAP has been leading the way in providing the visualization tools needed to drive adoption of self-service analytics/BI.
Lumira, the self-service data visualization and discovery tool formerly known as Visual Intelligence, is among SAP’s latest moves on this important front.
Available today in standard, Cloud and a free personal edition, SAP Lumira is an exciting new tool that allows business users – without IT support – to quickly and easily create engaging visualizations that combine data from multiple sources into a single storyboard view, accelerating the decision-making process and uncovering hidden business opportunities. (Lumira example by NTT and the WTA below)
With SAP Lumira standard edition business users can visually analyze data in a drag-and-drop environment; Combine and enrich enterprise and ad-hoc data sources without IT’s help; and see the big picture and drill into details in real-time, with SAP HANA.
With SAP Lumira Cloud, built in HTML5, users can share, create and interact with data visualizations in the cloud; Upload, download and share documents from SAP Lumira, Publish datasets from SAP Lumira standard edition to SAP Lumira Cloud; Create, explore and share data sets and analytics via Web browsers or mobile devices; Upload and share other types of documents, such as documents from SAP Crystal Reports software, files from SAP BusinessObjects Design Studio and Microsoft Excel spreadsheets.
(For perspective on recent updates to Lumira, read: Drive Real-time, Right-time Decisions with Analytics.)
SAP® InfiniteInsight® which came to SAP via its KXEN acquisition, allows line of business users to solve common predictive problems without the need for highly skilled data scientists.
SAP BusinessObjects Design Studio is a powerful development tool for quickly developing multi-dimensional, interactive mobile dashboards and Web applications. With native connection to SAP NetWeaver Business Warehouse (BW) and SAP HANA, this leading-edge software can help you get the maximum value from your data. Below is an example of what you can expect with the latest version of SAP Design Studio. (DS example from NTT DATA and Duke University)
SAP BusinessObjects Web Intelligence provides business users with flexible, intuitive, ad hoc reporting tools and interactive analytics – on the Web, desktop, or mobile device. Get–With fast, decision-ready insights from any data source, Web Intelligence provides instant answers to critical business questions and enables business users to take smart, data-driven action on the fly.
What’s your visualization plan for self-service BI and anyone analytics?
Gartner predicts that self-service analytics/BI processes will displace IT-authored static reporting as the dominant BI and analytics user interaction paradigm for new implementations by 2015.
According to the “Exabyte Research Report” by London-based investment bank GP Bullhound, 17% of information processing individuals currently use big data analytics, and the number is expected to progress to over one third of information workers by 2016.
The days of (latent) IT production reports pushed out to managers are quickly coming to an end. The advantages of real-time, fact-based decision-making capabilities powered by intuitive, self-service analytics/BI tools in the hands of marketing, sales, supply chain management, manufacturing, engineering, risk management, finance, HR, frontline workers, and line-of-business pros are far too compelling to stall this movement.