Today I’m incredibly proud to announce the availability of Pentaho Business Analytics version 5.0 – a milestone that’s as much a statement of our long-term vision as a software upgrade. As businesses battle the headwinds of global competition, they increasingly rely on data to improve customer service, grow revenue and become more efficient. As a result, demands on IT have never been greater and many are buckling under the relentless pace of big data proliferation and technological change. UK industry analyst Clive Longbottom of Quocirca said in a recent meeting with us, “the big data market is the ‘wild west’ and someone has got to go in and be the Sheriff that calms everything down!”
When we say in today’s press release that we have ‘geared up our analytics platform for the future of big data,’ we mean that we enable businesses at every stage in their journey to becoming truly data-driven. We see these stages as:
- Storage — most companies start by moving data in and out of Hadoop stores to learn how to capture big data cost-effectively and enabled early experimentation. Many customers are using Pentaho to support data warehouse optimization projects, moving some data out of high-performance databases into cost-effective Hadoop or MongoDB stores.
- Visualizing and Reporting – some customers are visualizing or reporting from those big data stores, whether Hadoop or NoSQL. Pentaho 5.0 includes the industry’s first analytics platform with full support for MongoDB that doesn’t require coding, making it available to more business users.
- Data blending – true ‘big picture’ insights happen when operational data sources are blended with big data sources. Companies that compete largely on service, in industries like telecommunications and financial services, see big data blending’s potential to help them gain market-share by providing the most personalized and interactive customer experience. Pentaho 5.0 is the first analytics platform to enable analysts to easily blend all data types ‘at the source’ and immediately report, visualize and explore for greater insights.
- Predicting – it’s been talked about for many years, but I don’t think predictive analysis has yet reached its potential, partly because of tool complexity and partly the historical inability to easily integrate big data sources to go beyond data sampling. We are finally starting to see broader predictive use cases that involve data blending and the ability to tap into huge volumes of non-relational data in near real-time. We will continue to invest in predictive capabilities to build on Pentaho 5.0 as this is a main focus of Pentaho Labs.
- The data-driven business – ultimately we expect innovative customers of all sizes to embed analytics into every business processes and applications, so analytics become an integral part of operations rather than separate systems they need to access for decision-making.
And finally, it’s always been our view that bringing analytics ‘to the masses’ can only be achieved when the simultaneous needs of business users and the IT departments that serve them are met. Pentaho 5.0 improves the analytics experience for everyone in modern, big data-driven businesses from CIOs responsible for data governance to business analysts exploring customer data to executives viewing dashboards on their mobile devices.
We hope you like what you see in Pentaho 5.0 and look forward to your feedback!