Banking on data through business intelligence
As the volume of data generated by businesses continues to rise, so does the opportunity to find value in it. But before businesses can consider how to monetise their data, they need to ensure they have the right infrastructure and processes in place to support business intelligence.
Data: the lifeblood of any business
Gartner defines business intelligence as: “an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimise decisions and performance.”
Put simply, business intelligence provides systems and processes for converting data into actionable insights, so businesses can grow revenue, increase profitability and improve efficiencies.
So why is business intelligence more important now than ever?
There are several sources that point to the exponential growth of data: IDC’s Digital Universe of Opportunities study predicts every human being will generate 1.7 megabytes of new information every second by 2020. The same study predicts the size of the digital universe will double every two years, eventually reaching 44 trillion gigabytes by 2020.
With data growth showing no sign of slowing, the need to separate data into what is and is not useful has become increasingly important.
Businesses need to ensure they have the right infrastructure, networks and tools in place to ensure they can quickly capture data that is accurate and provides meaningful insights, so they can make better informed decisions.
As a channel partner, you can play a key role in reviewing your customer’s infrastructure so they can set a strong foundation for business intelligence.
Setting the foundations for business intelligence
Business intelligence does not start with data, but rather, architecting the infrastructure to securely create, process, analyse, store, share and (when relevant) destroy the data.
The systems implemented need to have the ability to address the key challenges of data growth including operational costs, scalability, application performance and, the big one, security.
When implemented correctly, business intelligence architecture allows businesses to improve data collection efficiency and visibility.
The Arrow experience
At Arrow, we identify the following categories as crucial to building a successful foundation for business intelligence:
- Security: solutions to protect, deploy and maintain critical infrastructure and data, while ensuring compliance with GDPR and the NDB Scheme.
- Cloud: leading cloud solutions and services to drive digital transformation, covering migration, storage, data management and billing via ArrowSphere.
- IoT: emerging technology and expertise to create end-to-end IoT solutions that drive efficiencies and new revenue streams.
- Data centre: next generation data and server solutions for business analytics, data storage, cloud networking, data security, infrastructure reliability and hyperconvergence.
- Mobility: voice, video and networking technology solutions that allows data to be accessed from any device, anywhere, at any time.
- Secure data removal: sustainable technology solutions that guarantee the secure disposal of data contained within your customers’ retired infrastructure, so you can eliminate risk of data compromise.
We provide solutions in each of the above categories to help businesses to inform, develop and implement strategies on the back of their data intelligence. Our access to advanced and emerging technology allows us to provide bespoke solutions that enable businesses to manage growing data volumes and unlock the value of their big data, securely and efficiently.
It’s been said that data is the new oil. Whatever you believe, one thing is certain: data is knowledge and knowledge is power – but it all starts with business intelligence.