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Sunday, February 02, 2014

Future of Analytics

In CIO Insight:

The future of analytics Is Streaming in the Cloud:

" ... Business analytics is becoming more prescriptive and making information available in real-time so it can be directly applied to a specific transaction or event.

Business analytics, as it is applied in most organizations, is about to be utterly transformed. Traditionally, analytics have been the realm of a few high priests in an organization looking to divine trends by discovering new patterns in historical data.

But as analytics continues to rapidly evolve, a fundamental shift is starting to occur. Rather than trying to intermittingly optimize a process based on historical data taken from a large number of applications, analytics is getting more prescriptive and making information available in real-time so that it can be directly applied to a specific transaction or event. .... " 

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