IT Brief Australia logo
Technology news for Australia's largest enterprises
Story image

What are the major BI and analytics trends for Aussie companies in 2016

By Shannon Williams
Fri 29 Jan 2016
FYI, this story is more than a year old

Advanced analytics will become the focus of Australian organisations in 2016, according to Gartner’s analytics and business intelligence research manager Ian Bertram. 

Ahead of the Gartner Business Intelligence, Analytics and Information Management Summit in Sydney next month, Gartner asked Bertram about the latest market trends for the next 12 months.

What are the major business intelligence (BI) and analytics trends in Australia for 2016? Australian organisations will increase their focus on advanced analytics this year, as they aspire to do more with what they are already doing in analytics. It isn’t just an advanced form of current analytics, however – it is new technologies, new capabilities and new skills that are increasingly driving business innovation and experimentation, while also creating competitive advantage.

Gartner predicts that by 2018, over half of large organisations globally will compete using advanced analytics and proprietary algorithms, causing the disruption of entire industries.

From a broad, enterprise-wide perspective, we are seeing a move towards smart data discovery. It addresses many of the limitations of current data discovery tools by making insights from advanced analytics – such as correlations, exceptions, clusters, links, predictions or trends – accessible to a broader range of mainstream business users. By 2018, Gartner predicts that smart data discovery will be the most in-demand BI platform tool.

This is an extension of the shift towards a self-service data preparation environment. Organisations are increasingly pushing the analysis and insight from data out to the business users and middle management. By adopting business-user generated data discovery and advanced analytics, organisations can reduce the time and complexity of preparing data for analysis, which helps decision makers make more informed and timely business decisions.

From an aspirational perspective, Australia is following the similar trajectories of other mature countries – we aren’t ahead, but we’re definitely not behind either. Many Australian organisations are already developing the necessary skills and using some of the more advanced analytics techniques and technologies.

What impact is digital business having on BI and analytics in Australia? At Gartner Symposium/ITxpo last year, we introduced the term the algorithmic business, which is a natural extension of digital business and the key to unlocking new business value and greater efficiency over the next five years. Algorithms are the logical constructs that run business processes and computers, which are becoming even more relevant today because of the pervasiveness of algorithms within highly connected devices and things. Australian organisations can leverage these algorithms to analyse massive amounts of data, to continually make "things" smarter and to access external and internal algorithms.

As a result, we are starting to see algorithm marketplaces pop up, in a similar vein to mobile app stores. The nascent algorithm marketplaces allow usage of algorithms and other software components to be brokered. These algorithms are not stand-alone apps, but are meant to be used as building blocks inside specific solutions. Several vendors – such as Microsoft and Amazon— have recently opened algorithm marketplaces that allow algorithms or code snippets to be monetised and that is where it is really impacting digital business. 

As we start to digitise everything and as we start to have more sophisticated understanding of our capabilities around analytics, organisations will start to develop their own internal algorithm marketplaces. However, they have to be able to have the ability to expose all of those algorithms across the organisation and that is going to be one of the big challenges.

What should Australian businesses focus on or prioritise in 2016? The priorities are less about the technologies. It’s really about the skills within the organisation and driving adoption of the technologies they already have. 

A lot of the buzz around big data has died down. As organisations have already put the foundations in place for how they manage diverse sources of data, the focus has turned to how they gain insight and uncover some of the patterns that are available within that data. That only comes from developing the skills and capabilities around that data, rather than just the technology itself.

What BI and analytics technologies are Australian organisations investing in? Over the next few years, leading organisations will link analytic initiatives firmly to financial objectives, increase investments in advanced analytics, evolve comprehensive analytics centers of excellence and incorporate a wider range of exogenous data.  There’s going to be a continued investment in diagnostics, which is part of the smart data discovery environment. With logic and mathematics as the basis, organisations will use it to visualise and interact with the data, discover relationships and explain why they are observing outcomes, events or trends. It’s really looking at how to expose more data to the analytics tools they have already invested in. 

What are the main industries in Australia investing in BI and analytics? The top three industries investing in BI and analytics in Australia are government, retail and financial service. Government is investing in it just as much, if not more than commercial enterprises. This is driven by the desire to engage with constituents more, particularly in the healthcare sector.

Related stories
Top stories
Story image
LG Electronics
LG Electronics brings on Aussie AV distributor Alloys
LG Electronics Australia Business Solutions has appointed Australian AV distributor Alloys as a new distribution partner.
Story image
Energy
Sustainability huge factor for APAC data centre managers
A new report reveals that 85% of data centre managers in APAC believe that sustainability will significantly impact operations and decision making.
Story image
Pegasystems
Marketing technologies set to increase revenues - study
Marketing leaders say that investment in new marketing technologies (MarTech) will drive significantly increased revenues.
Story image
Equinix
Aussie businesses buckle down on digital tech investments
Australian businesses are planning major investments in digital technologies to support ambitious expansion plans.
Story image
Cybersecurity
Palo Alto Networks' cloud security platform receives IRAP assessment
"We provide help protect all forms of compute, cloud native services and access to data within public and private sectors."
Story image
Ransomware
Examining the future of ransomware threats with Vectra’s CTO
As customers' valuable data move to the cloud, so will ransomware. What is the current landscape and what do we need to know?
Story image
Artificial Intelligence
Siemens expands NVIDIA partnership for industrial metaverse
Siemens is expanding its partnership with NVIDIA to enable the industrial metaverse and increase the use of AI-driven digital twin technology.
Story image
Documentation
Adobe study finds lack of digital trust and utilisation in Australian Government agencies
New research commissioned by Adobe has revealed a significant lack of digital trust within Australian Government departments, along with the continued underutilisation of key digital processes.
Story image
Cybersecurity
Tech and data’s role in the changing face of compliance
Accenture's study found that 93% of respondents agree or strongly agree new technologies such as AI and cloud make compliance easier.
Story image
Wiise
Four things wholesale distributors need to consider for FY2023
In a post-pandemic world, there are many things for a distribution business to juggle. ERP solutions company Wiise narrows down what companies should focus on.
Story image
Artificial Intelligence
Salesforce announces new innovations for financial services
Salesforce has launched expanded financial services that offer more targeted and trusted automation to help teams unlock insights, deliver better customer service, and drive operational efficiencies.
Project management
Discover the 4 crucial factors for choosing the right job-costing solution. Is your team struggling to cost jobs and keep projects running on budget?
Link image
Story image
Malware
Colt launches new SASE Gateway solution with Versa
Colt Technology Services’ customers now have access to an integrated full SASE solution that brings together SD WAN and SSE features.
Story image
Cybersecurity
How organisations can mitigate IoT and IIoT security risks
IoT and IIoT come with inherent risks because they are often deployed faster than they can be secured, putting organisations in danger of cyber threats. Here are tips on how to mitigate those risks.
PwC
PwC's Consulting Business and PwC's Indigenous Consulting are proud to play an important role in helping Australian Indigenous Mentoring Experience build IMAGI-NATION, a free online university for marginalised communities around the world.
Link image
Story image
Enterprise Resource Planning / ERP
Five ways your ERP is letting you down and why it's time for a change
Wiise explains while moving to a new system may seem daunting, the truth is that legacy systems could be holding your business back.
Story image
Capital
Rubber Monkey gears up for Aussie market with latest capital raise
Rubber Monkey is seeking to raise up to NZ$2.5 million of new capital through online investment platform, Snowball Effect.
Story image
Payroll
How New South Wales state departments achieved cloud migration success
State departments in New South Wales are heading to the cloud to achieve better workflow solutions, and one company is paving the way for their success.
Story image
Cybersecurity
Without trust, your security team is dead in the water
The rise of cyberattacks has increased the need for sound security that works across any type of business, but with any change, buy-in is essential. Airwallex explains why.
Story image
Data Protection
Five signs your business is ready to move to the cloud
Many organisations are thinking about moving to the cloud. But what are the signs you are ready, and what are the reasons to move?
Story image
Security Information and Event Management (SIEM)
LogRhythm updates SIEM Platform with latest innovations
LogRhythm has announced the launch of version 7.9 of the LogRhythm SIEM Platform and updates to LogRhythm NDR and LogRhythm UEBA.
Story image
Document Management
Regaining digital trust and enhancing digitisation in Australian Government agencies
Having a digitised ecosystem of documents, tools and data can help bolster security, improve workflow and ultimately create better services.
Story image
ABI Research
NaaS market expected to reach $150B by 2030 - research
"The market is immature and fragmented, but telco market revenue will exceed US$75 billion by 2030 if they act now and transform to align with requirements."
Story image
Apple
Your tools, your choice: why allow employees to choose their own devices?
Jamf Australia says giving your team the freedom to work with their digital device of choice could help to attract and retain top talent in a tight labour market.
Story image
Media
Registrations for the W.Media Sydney Cloud and Datacenter Convention 2022 now open
Are you a C-Level executive looking to enhance your knowledge in the cloud and data center space in order to get the best results for your company?
Story image
Adobe
Marketplacer and Adobe accelerate partnership for enhanced commerce solutions
Marketplacer has accelerated its partnership with Adobe in order to further enhance the global commerce marketplace.
Story image
Sustainability
Honeywell named Frankston facility services provider
Honeywell has been named the joint facility services provider for Frankston Hospital’s AU$1.1 billion redevelopment.
Digital Transformation
Discover the 5 signs your business is ready for a cloud-based ERP. Is your business being left behind as more of your competitors switch to the cloud?
Link image
Story image
Cloud
BT builds on Equinix partnership with new cloud offering
BT has launched a next-generation cloud connectivity offering extending its global network into strategic carrier-neutral facilities (CNFs) and building on its existing partnership with Equinix.
Supply chain
Discover the 4 critical priorities for wholesale distribution businesses in FY23. Are you worried about how supply chain issues may affect your business in 2023?
Link image
Story image
Microsoft
Elders signs five-year agreement with Microsoft to boost innovation
Australian agribusiness Elders has signed a five-year agreement with Microsoft that looks to transform its customer experience, efficiency and sustainability outcomes.
Story image
Remote Working
RDP attacks on the rise, Kaspersky experts offer advice
"Given that remote work is here to stay, we urge companies to seriously look into securing their remote and hybrid workforce to protect their data."
Productivity
Discover the 5 ways your ERP may be letting you down. Is your current system outdated, difficult to manage, and costing you a fortune?
Link image
Story image
Infrastructure
Video: 10 Minute IT Jams - An update from Paessler
Sebastian Krüger joins us today to discuss how unified infrastructure monitoring enables MSPs to seamlessly deliver services to their clients.
Story image
ASI Solutions
Western Australia CUA panel picks ASI as preferred supplier
Western Australia's Common User Arrangement (CUA) panel has chosen ASI Solutions as a preferred supplier for device hardware.
Story image
Accounting
Four factors to consider when choosing the right job accounting solution
Progressive job-based businesses can achieve success by strengthening their ability to quantify every cost attributable to the delivery of an outcome for a customer.
Story image
Management
MYOB snaps up Sydney-based management software specialists
MYOB has announced the acquisition of Sydney-based business management software and support specialists, GT Business Solutions.
Story image
ABI Research
75% of 5G networks to advance to 5G-Advanced by 2030
5G-advanced is set to launch in 2025, and 75% of 5G networks will upgrade by 2030, according to ABI Research. 
Story image
Metaverse
How the metaverse will change the future of the supply chain
The metaverse is set to significantly change the way we live and work, so what problems can it solve in supply chain management?
Story image
Artificial Intelligence
Accenture shares the benefits of supply chain visibility
It's clear that gaining better visibility into the supply chain will help organisations avoid excess costs, inefficiencies, and complexity to ultimately improve their bottom line.
PwC
WSLHD and PwC’s Consulting Business came together to solve through the challenges of COVID-19. A model of care was developed to the NSW Health Agency for Clinical Innovation guidelines with new technology platforms and an entirely new workforce.
Link image
Story image
Airwallex
How Airwallex helps businesses achieve globalisation success
As markets continue to shift, businesses need to be able to provide the same quality of service for customers regardless of where they are located around the world.
Story image
CSG
To win at 5G, telcos must tame their quoting chaos
The catalogs of CSP (communication service providers) market offerings are set to explode as new digital services emerge, powered by B2B2X business models.
Story image
Samsung
Monitors are an excellent incentive for getting employees back
The pandemic has taught us that hybrid working is a lot easier than we would’ve thought, so how can the office be made to feel as comfortable as home? The answer could be staring you in the face right now.