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February 15, 2012

Unified Information Access: Viva Las Vegas

Slot machinesThe Data Warehousing Institute held its Business Intelligence Executive Summit this week in Las Vegas. This conference is all about developing an enterprise strategy on handling data and recommended for anyone wanting to see the future of predictive coding.

The buzz is UIA — unified information access — tools that integrate search, text analysis, and buiness intelligence. Bringing previously separate information ecosystems together helps reduce the chaos of multiple interfaces and adds power to analysis.

As we move toward UIA functionality, organizations can reduce the time and difficulty involved in working with different types of data. To that end, we are seeing predictive coding become part of the UIA platform.

The keynote speech was given by Frank Buytendijk, the former research vice president at Gartner. He predicted that in less than ten years we will be handling 44-fold the amount of data compared to today.

Therefore, predictive analytics are all the rage and it is about creating "actionable insight" into data. Ordinary analytics tell you what already has happened. Good analytics provide insight into why things happen. Great analytics provide foresight on what lies ahead.

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