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Accounting 2: Reference Guide by Inc. BarCharts

By Inc. BarCharts

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Right now, everyone thinks that analytics technology is sexy. But the real challenge isn’t transforming the technology — the real challenge is transforming the people and the processes. info About the Author Mike Barlow is an award-winning journalist, author and communi‐ cations strategy consultant. Since launching his own firm, Cumulus Partners, he has represented major organizations in numerous indus‐ tries. Mike is coauthor of The Executive’s Guide to Enterprise Social Media Strategy (Wiley, 2011) and Partnering with the CIO: The Future of IT Sales Seen Through the Eyes of Key Decision Makers (Wiley, 2007).

CHAPTER 7 Part of a Larger Trend The push toward real-time big data analytics is part of a much larger trend in which the machines we create act less like machines and more like human beings, says Dhiraj Rajaram, Founder and CEO of MuSigma, a provider of decision sciences and analytics solutions. “Today, most of our technology infrastructure is not designed for real time,” says Rajaram, who worked as a strategy consultant at Booz Allen Hamilton and Pricewaterhouse Coopers before launching Mu Sigma.

Our intelligence is distributed, not highly centralized, so more of it resides at the edge. That means we can find it and retrieve it quicker. ” As information technology systems become less monolithic and more distributed, real-time big data analytics will become less exotic and more commonplace. The various technologies of data science will be industrialized, costs will fall and eventually real-time analytics will become a commodity. At that point, the focus will shift from data science to the next logical frontier: decision science.

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