{"id":3293,"date":"2012-10-16T07:00:39","date_gmt":"2012-10-16T15:00:39","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=3293"},"modified":"2012-10-16T07:00:39","modified_gmt":"2012-10-16T15:00:39","slug":"big-data-versus-business-intelligence-two-technologies-on-a-collision-course","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/big-data-versus-business-intelligence-two-technologies-on-a-collision-course\/","title":{"rendered":"Big Data versus Business Intelligence: Two Technologies on a Collision Course"},"content":{"rendered":"

Today, products like \u00a0SAP’s Business Objects, IBM Cognos and Oracle Hyperion make up the leaders in the category of\u00a0Business Intelligence software. \u00a0IDC reports<\/a> that the Business Intelligence and Analytics market will grow to nearly $50 billion by 2016. \u00a0That market is seeing double digit growth annually.<\/p>\n

But even though the BI market is seeing robust growth, all is not well with traditional Business Intelligence products. \u00a0Big Data analytics is challenging the use of traditional tools. \u00a0 IDC estimates<\/a> that the Big Data market is growing nearly 40 percent annually and is roughly $3.2 billion now and will grow to $16.9 billion by 2015. \u00a0Big Data analytics products are proving to be a compelling alternative to tradtional Business Intelligence. \u00a0In fact, Big Data\u00a0and Business Intelligence markets appear to be on a collision course. \u00a0Traditional BI is stumbling in trying to address Big Data. \u00a0It is often viewed as being too slow and too cumbersome to configure.<\/p>\n

Ravi Mhatre<\/a>, managing director of Lightspeed Venture Partners, told\u00a0Business Insider<\/a>,\u00a0“we’re talking an industry today that’s probably $20 billion to $30 billion that I think, overnight, is going to be replaced by a completely new set of platforms”.<\/p>\n

Doug Henschen<\/a> of InformationWeek<\/a> says that new Big Data-based analytic products are challenging traditional BI. \u00a0He reports that Big Data vendors view traditional BI products which use “batch-oriented extract-transform-load (ETL) data integration, relational data warehousing, and old-school analytics as too slow, rigid, and expensive to keep up in the big-data era.”<\/p>\n

This change in the Business Intelligence and Analytics market is on Gartner’s radar too.\u00a0 In their recent Magic Quadrant paper (complimentary copy available from Attevo<\/a>). \u00a0Gartner sees the BI market as ‘bifurcating’ into two groups: \u00a0the traditional Enterprise BI tools and a newer set of products which includes Big Data analytics that Gartner is calling ‘Data Discovery platforms’. \u00a0The Gartner report says that “The chasm between these segments continues to deepen because business users find the benefits of\u00a0using data discovery tools so compelling that they make this choice despite the risk of creating\u00a0fragmented silos of data, definitions and tools.”<\/p>\n

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Today, products like \u00a0SAP’s Business Objects, IBM Cognos and Oracle Hyperion make up the leaders in the category of\u00a0Business Intelligence software. \u00a0IDC reports that the Business Intelligence and Analytics market will grow to nearly $50 billion by 2016. \u00a0That market…<\/span><\/p>\n

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