Analytics Magazine Analytics Magazine, May/June 2014 | Page 47

Figure 1: Three key elements to unlocking the value of data. 1. Information infrastructure (ingest and store efficiently): This element is about creating infrastructure that can capture, store, replicate and scale information at speed. 2. Information management: An information ecosystem to manage, secure, govern and leverage information seamlessly across an organization’s information assets. 3. Insights: Correlate and use this data in conjunction with existing business data (usually structured data) and analyze using descriptive and prescriptive analytics to aid decision-making. The last few years have seen a lot of focus and attention on infrastructure and information management. Exciting new technologies, frameworks and A NA L Y T I C S methodologies have evolved to address the needs of these elements. For example, infrastructure technologies have greatly improved, as have the innovations that benefit data centers. They range from fast and efficient servers to data center solutions that can capture, store, replicate and scale information at high speeds. Information management has seen the most rapid evolution and change. Managing information through distributed technologies (file systems such as Hadoop) has changed information storage to provide low latency, high speed, highly available systems. Innovations in areas such as traditional enterprise data warehousing environments through indatabase, in-memory capabilities and M A Y / J U N E 2 014 | 47