Travel & Expense

IDC and SAP Whitepaper Offers Valuable Big Data Solutions Overview

on January 23, 2013
The IDC /SAP whitepaper, “Big Data: Trends, Strategies, and SAP Technology". presents a solid case around the emerging shift from the information economy to "the intelligent economy," where “it is not only access to data but the ability to analyze and act upon it that creates competitive advantage” for businesses. Undoubtedly big data can present overwhelming challenges and there are many popular myths associated with big data (we’ll save that topic for a follow on post) that need to be debunked. However, it is evident the true value big data can reap presents unlimited opportunities for business success. Ultimately, we at Oversight are centering our efforts on the direct knowledge that big data solutions dramatically improve decision making and provide greater insights, faster, to decision makers at all levels of the organization. Delivering insights is at the core of what we do at Oversight and we are delivering solutions today that are enabling companies to utilize big data insights as a means of success. The white paper also describes IDC’s new Decision Management Framework as it breaks out big data technologies according to their most effective roles and use cases. We think this is a great way for companies to think about and evaluate big data technology opportunities across the spectrum of various decision types and decision makers. The spectrum ranges from strategic decisions to tactical decisions made by either frontline employees or systems with operational decisions lying in between these two endpoints of the IDC decision management framework. As businesses move through the spectrum from strategic to tactical decisions, the greater their need is for automating big data analysis and getting the right insights to the right person at the right time.  The framework also considers the different data and technology needed to collect, monitor, manage, analyze and disseminate actionable insights in order to support the various decision types and decision makers. According to an IDC survey conducted in the beginning of 2012, the most frequently mentioned Big Data challenges were identified as “deciding what data is relevant” as well as the “lack of appropriate analytics and IT personnel as challenges that inhibit their ability to take full advantage of opportunities presented by Big Data”. As part of organizations’ overall big data strategy, the Oversight platform automates the process of gathering data from lots of events, transactions and behaviors, as well as understand what is relevant and delivers immediate, actionable insights to the frontlines. This puts people to work for positive change within the organization instead of having them spend time they don’t have trying to gather and analyze complex amounts of data.

Patrick Taylor

Patrick Taylor is an authority in the convergence of business analytics, information security, and the implementation of technology to boost organizational performance. An innovator in his field, Patrick founded Oversight Systems in 2003 and served as President and CEO for 15 years. In this role, he helped hundreds of Fortune 1000 companies improve financial, accounting, and auditing processes. Previously, Patrick held leadership positions with Oracle, Symantec, and Internet Security Systems (ISS). Patrick has a bachelor’s degree Mechanical Engineering from Georgia Tech and an MBA from the Harvard Business School.

spend-analysis-vol3