Real-time Analytics Revolutionize Data Warehousing
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The premise of this research is that modern integrated hardware and converged database software will enable Real-time Analytics. Technologies such as Oracle Autonomous Data Warehouse with Exadata will revolutionize data warehousing by progressively eliminating complex ETL processes and providing the business with analytic queries in real-time. As a result, enterprises can radically improve the quality of data, simplify data management, and move towards the goal of a single version of the truth. No significant increase in IT budget is required to meet this goal.
Real-time Analytics is also a prerequisite for Transactional Analytics, where the transaction applications issue Real-time Analytic queries. Wikibon believes that Transactional Analytics will profoundly simplify and automate business processes and dramatically improve costs, quality, and customer satisfaction.
Wikibon strongly advises Executive Management to embrace Real-time Analytics, set a 5-year goal of eliminating at least 90% of all ETL operations, and embrace the vision of a single version of the truth with provenance and compliance. In addition, Wikibon recommends IT development start integrating Real-time Analytics with existing mission-critical Systems of Record.
Wikibon recommends implementing Real-time Analaytics on Oracle Autonomous Data Warehouse on Exadata Cloud@Customer or Cloud Infrastructure X9M because only these platforms have the converged database architecture, performance, price performance, and level of investment to be effective converged real-time database platforms.