Big Data is the next ‘big’ thing in computing. It generates value from different data sets that cannot be analyzed by using traditional computing methodologies. The amount of data being generated daily is growing exponentially-- as new data is being recorded, newer data is being created, previous data is being monitored, existing data is being modified and so on and so on. This obsession with data might seem absurd at first, but the practice of recording, evaluating and creating is ancient, and for good reasons. Retailers are building troves of data on the observed activity of customers and their next interactions, while organizations from logistics firms, financial services, health care, and other service sectors are striving to fill their own databases full of unique information.
Are you having trouble accessing the data you need? Or spending too much time accessing and assembling it? Or are you simply waiting for the data and analytics to tell you what to do? Your answer will determine where your organization is on the analytics maturity model, and where you may want to go next.
Gartner's latest Magic Quadrant for Business Intelligence software ranks Microsoft as the Leader. Here's how their Power BI solution emerged as the evolution of Excel, along with some clarity on the various components and product names which Microsoft has been using.
Users of MS Excel 2013 or above have BI capabilities built in with PowerPivot; a powerful, low-cost solution for collecting and analyzing your data. Here's a look how its implementation and productivity increasing abilities can be gained without investing too much time or money.