Business Intelligence (BI) is a concept that has been around since the 1960s. It was first created as a systematic way for organisations to share information. It was further developed in the 1980s with the rise of more powerful computers that were able to help organisations to make decisions and turn data into insights, albeit at a much more modest scale compared to today.
At the same time, Artificial Intelligence (AI) has also grown by leaps and bounds in recent years, bringing a new and powerful way for organisations to leverage data to further accelerate innovation.
Now, analytic applications have become the backbone for modern enterprises as we transition to a digital economy. The combination of AI and BI, as well as a number of powerful technologies such as the IoT, big data, data visualisation and advancements in connectivity, have ushered in a new generation of analytics.
With next-gen analytics, organisations can truly unlock the value of their data and reap benefits such as:
Deriving insights at scale – It is not just about gaining insights from a small and isolated group of data sets anymore. Today’s technology allows you to derive insights from all your data sources from on-prem, the cloud or the edge, be it structured or unstructured, from millions of connected devices or clients, it doesn’t matter. Seemingly unconnected data can be cross-linked and all your important queries can be carried out simultaneously – Your next-gen analytic systems can handle it.
Becoming proactive with real-time answers – It is no longer about reacting to reports that become outdated by the time they are produced. Next-generation analytics will give you valuable insights in real-time, even as the data is being generated. These can be visualised in easy to digest visualisation, using graphs, charts and dashboards that can be created on the fly. Advanced analytics is becoming an integral tool for providing businesses with answers, suggestions and even predictions based on data.
Transforming business with intelligence – Combining the best that AI and BI can offer, next-gen analytic systems can continue to learn what is essential to a user or organisation and improve over time. It also takes out a lot of the menial, repetitive work from data analysis through automation to help businesses save time and enhance productivity. As there is a tremendous global shortage of data professionals, next-gen analytics can ensure that an organisation remains competitive in a business landscape that is becoming increasingly tech-driven.
To ensure next-gen analytics applications are able to deliver these benefits, organisations must ensure that the storage platform they are built on is capable of keeping pace with extreme data processing requirements.
Dell EMC PowerStore is an example of a storage platform that can help you redefine your IT infrastructure to power next-generation analytics. It features flexible scaling for analytic workloads, outstanding data efficiency and provides the high-performance you need while having the flexibility to easily consolidate multiple workloads.
The thing about next-gen analytics is over the coming years, it will continue to evolve and the way that businesses use data will also change. PowerStore’s adaptable architecture provides you with a futureproof platform so you can continuously modernise your infrastructure to suit your analytical needs – able to support and optimise new applications while delivering consistent performance, reduced capacity costs and improved software development.
Click here to find out ten reasons why data-driven organisations are choosing Dell EMC PowerStore as the foundational platform for their next-gen analytics.