Data self-service and data democratisation are two of the biggest trends in 2020. Enterprises want to enable their business users outside of IT to use data and insights to inform decision-making and rely less on guesswork. As we've heard many times, the amount of data is growing exponentially and so is the number of data silos per organisation. A recent MarketPulse survey by IDG found that only 23 per cent of respondents have completely centralised their BI and analytics teams.
Almost nine out of ten organisations with siloed or partially integrated teams plan to centralise the management of BI and analytics. By fully leveraging the cloud, they will be able to simplify and scale data management, and use their increasing data volumes to find actionable insights and better understand their business.
Other things to check out:
Dissecting APAC Markets during Volatile Times with Portfolio Analytics | S&P Global Market
In the first article of our application series, ‘AFL Style Analysis during Periods of Duress’, we utilized the Alpha Factor Library (AFL) tool to understand the style performance and regime analysis of the APAC equity markets under stress conditions such as financial and health crises.
To help us gain further insight into market impacts across Asia-Pacific, we will now use the Portfolio Analytics (PA) tool on the S&P Capital IQ platform to conduct analysis on country and sector performance, as well as valuation analysis and analyst revisions.
Data and Storage News from around South East Asia
The new decade sees more devices generating more data every hour. And judging by the current situation around the world due to the pandemic, there will be more data produced as we become more dependent on technology to get things done. Since the COVID-19 pandemic, there has been an increase in e-commerce trade. Be it online shopping, trading or even business operations and meetings, everything is now fully dependent on technology.
To ensure the demands of consumers can be met, businesses need to be able to manage and process the data fast and efficiently. According to Geoff Soon, Managing Director, South Asia, Snowflake, many organisations today are responding to some of the most rapidly changing market conditions since their inception. Underpinning, this is an increasing demand for systems that allow rapid decision making, based on a diverse set of internal and external data sources.
KeyBank calculates the cost of analytics in the cloud | CIO
With its on-premises analytics infrastructure hitting capacity, Cleveland, Ohio-based KeyBank has turned to the cloud, a move the large regional bank believes will provide clear performance benefits and likely cost savings but one that will require rethinking how the company trains and manages its users.
The bank processes about 4 billion records each night. Data is loaded into a Hadoop data lake and is then pushed down to more than 40 downstream systems, including 10 to 12 data marts used by Teradata. "It's a conventional on-prem architecture that would be current today," says Mike Onders, chief data officer, divisional CIO, and head of enterprise architecture at KeyBank. "We have over a petabyte of data in the Hadoop data lake environment and over 30 terabytes in the Teradata environment."
Quite a lot has been going on:
10 Emerging Analytics Startups In India To Watch Out In 2020
The year might have started on an ominous note with recession indicators flashing signs of an economic downturn, but the space of analytics has never looked more indispensable. With companies scrambling to pare costs, more data-driven decision-making will prove to be a simple yet effective proposition for these times.
In recent years, businesses have begun seeing value in capturing actionable insights from vast swathes of raw data. This had led to an upsurge in the number of startups entering the analytics space, some of which have left a lasting impact with their work and the potential they hold.
Nominations open for IAPA's Top 25 Analytics Leaders 2020 program - Which-50
IAPA, the peak body for analytics professionals in Australia, announced the 2020 IAPA Top 25 Analytics Leaders program is now open for nominations.
IAPA, the Institute of Analytics Professionals of Australia, is the professional organisation for the analytics industry in Australia, incorporating business analytics, data mining and AI across multiple disciplines and sectors.
"Analytics is a valuable addition to organisations in both good times and challenging times,” said Annette Slunjski, Managing Director, IAPA.
Object storage vendors turn to analytics, AI, machine learning
Nvidia's recent acquisition of SwiftStack to bolster its artificial intelligence stack underscored the ways that object storage is expanding beyond backing up and archiving cold data.
High-performance object stores are taking on artificial intelligence (AI), machine learning, analytics and container-based workloads, as enterprises try to gain insight into their unstructured data. Some use fast flash storage to accelerate small-file throughput. SwiftStack claimed GPU servers working in parallel could access petabytes of data stored on spinning disk-based object clusters at a rate of more than 100 GBps.
Zeno Group promotes data analytics experts | PR Week
The agency has promoted Sabrina Quek to digital director and Gaurav Poola to head of performance hub. Quek is a digital expert with over a decade of expertise in digital strategy and analytics, and experience across many verticals. She joined Zeno in January 2018 and worked with clients such as Intel, Netflix and Align Technology. Prior to Zeno, she worked as a senior consultant, head of analytics at Possible. She has also worked at IBM, Sephora Digital SEA and Decision Science.
Happening on Twitter
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