11 Big Data Predictions for 2011
Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy.
While Business Intelligence (BI) has been around for many years, the term is not often used in the Oil and Gas industry bybusiness users (engineers, operators and managers). However, energy producers have very specific needs centered around time series data (i.e. a need to see how production, pressures, costs etc. trend over time), this is where BI comes in.
Recently TDWI published the article 11 Big-Data Analytics Predictions for 2011. TDWI’s (The Data Warehouse Institute) Business Intelligence and Data Warehousing articles can be a source of insight into how the industry of BI is evolving.
One of the most notable items in Ketan Karia’s article is “10. Self-serve BI gets more attention“. Self-service BI directly hits home for business users on the front lines who count on information and insights in the reports they create for managers and board members, among others. The intervention of IT still delays getting data to these users. Many enterprises still have to run a myriad of customized reports that cause huge backlog. Users are frustrated. In 2011, companies will have to accelerate report delivery … Users want insights in moments, not the hours it takes with traditional BI solutions currently available.”
The reason BI tools are not more pervasive in the energy industry is that they have not met the needs of engineers, operators and managers to “self-serve” (get at the data they want to see when they want to see it). We’re happy to see that the BI industry is recognizing the importance of this and that VISAGE is at the forefront. Read the blog post “BI has hit the wall” to learn more.