Health, insurance and retail industries turn to Mobile BI, many struggle with demand
Gartner, Heavy Reading: More than half to use Mobile BI be year’s end
According to Gartner
’s official 2012 predications report, Mobile Business Intelligence
(BI) will be the most disruptive development to affect the analytics industry in the coming year. Consequently, some industries are rushing to attain and apply the benefits of Mobile BI
, while many are simultaneously struggling with the strains of the overarching trend towards enterprise mobility and another inextricably linked inclination – the consumerization of IT.
According to the Business Application Research Center
) The BI Survey 10
– you can fill in The BI Survey 11
to outline your BI expectations and experience using Yellowfin – around 60 percent of organizations are likely to possess some form of mobile reporting and analytics
within the next two years. Independent telecom industry research organization, Heavy Reading
, suggests that 58 percent will have Mobile BI in place by the end this year. Dresner Advisory Services
latest Mobile Business Intelligence Market Study
revealed that 68 percent of businesses view Mobile BI as “critically” or “very” important – up from just 16 percent in 2010.
Many struggle with mobility and the consumerization of IT
A recent study by IDC
– based on responses from over 2600 smartphone and tablet using information workers and around 560 IT executives across nine countries – has found that many enterprise IT departments are struggling to address the growth of enterprise mobility, BYOD (Bring Your Own Device) initiatives and the accompanying consumerization of IT.
Astonishingly, 70 percent of surveyed IT executives said they would classify their organizations as late adopters of new mobility technologies and programs. The three greatest barriers to the integration of personal devices and expansion of existing enterprise mobility programs were listed as:
- Security concerns (83%)
- Constrained resources (80%)
- Fear of unmanageable workloads (80%)
, founder of BI advisory firm BI Scorecard
, highlights the need to address these issues (particularly the consumerization of IT – the introduction of collaborative and user-friendly features and functionality), suggesting that the increased use of mobile devices is necessitating, and driving, the need for BI consumption to be a more social and collaborative experience.
To learn how to overcome these common obstacles, check out Yellowfin and Actian
’s on-demand Webinar: Mobile BI Best Practices
“Too many IT executives are acting as custodians of the status quo, not as the innovators they need to be for their enterprises to benefit fully from the consumerization of IT,” said Frank Gens, chief IDC analyst in a statement.
“CIOs should rebalance their build versus buy strategies” said Gens, with many BI and mobile providers “providing support for the latest devices faster than most IT shops can, so they may help IT groups avoid reinventing the wheel.”
Who’s harnessing the benefits of Mobile BI in 2012?
Mobile BI in the insurance industry
A 2012 report from enterprise application consultancy, X by 2, revealed that organizations connected to the insurance and healthcare industries stand to benefit the most from the continued adoption of mobile analytics
Highly accessible analytics “will be the foundation of insurers’ ability to explore innovative provider and member-facing strategies,” the report stated. “The key to this progression will be data mastery – the ability to effectively aggregate, analyze, and make information actionable.”
The report found that: “Life insurers will push to leverage their significant investment in gathering policyholder data for competitive advantage.
“This trend will accelerate in 2012 as carriers look for new opportunities to offer specialized products to discrete segments of their current policyholders and prospects.”
The report suggested that 2012 will be the year that insurers – across a range of sub-industries, but particularly health – will realize the benefits of advanced mobile analytics; for both themselves (internal usage) and their customers (external, customer facing usage).
“Smart phones and other mobile devices are ubiquitous. More ’mobile-ites’ are agents, policyholders and insurance company employees, and they will increasingly expect to interact with function and feature-rich mobile applications
from their insurer. Carriers that fail to meet these expectations will see their policyholders and employees vote with a single click of their fingers.”
Other fresh research into the Life Insurance industry – by LOMA
– found that the industry’s leading technology decision-makers are aware, and keen to harness the benefits, of mobile reporting and analytics: "What we see in the macro environment must be continually considered and assessed. Market penetration of mobile devices and the ability for connectivity everywhere is fueling a growing expectation across all our stakeholders,” wrote research participant, VP and CIO of Penn Mutual Life Insurance Company, Greg Driscoll.
Mobile BI in healthcare
According to research from Chilmark Research
and Manhattan Research
, the healthcare professionals are flocking to iPad-driven mobility schemes as a means to quickly access vital patient information. Both research firms indicate that over 30 percent of US doctors currently use the iPad
in professional contexts.
Further, analyst firm Ovum
is predicting a surge in mobile device usage for accessing important medical data – by both physicians and patients.
“We are seeing a trend towards the use of devices like iPhone
s and iPads in healthcare,” said Ovum research director, Dr Steve Hodgkinson.
Ovum also said that the rise in smartphone and tablet devices was leading to the consumerization of healthcare and emergence of customer-facing mobile analytics, driven by consumer-side demand for knowledge access.
“We expect consumers to turn to their smartphone or tablet computer for healthcare advice and preventative care more and more,” said Ovum senior analyst, Cornelia Wels-Maug.
This strong trend towards mobility in the healthcare industry is coupled with strong specific demand for BI. According to a new report by KLAS
– Business Intelligence Perception 2012: A Wave is Coming
– more than 50 percent of healthcare providers plan to purchase, or update their existing, BI solution
within 36 months.
“If hospitals can’t produce data analytics in the next couple of years, they are going to suffer,” said one CIO in the KLAS survey. “As far as I am concerned, data is money in the future.”
The report, compiled from 147 respondents representing 137 different healthcare providers, stated that those in the health industry were looking for a total BI solution: “Not only do they want to use their new BI tool
for clinical and financial data, but they are also seeking out tools that have predictive analytics, data modeling, forecasting, trending and other functionality that will help them get through various regulatory, health information exchange and accountable care organization [ACO] challenges that lie ahead.”
A current article written by John Andrews for Healthcare Finance News – Business Intelligence improves the bottom line
– also espouses BI’s potential to aid healthcare professionals and details mounting interest among the industry community at large.
is finding myriad ways to improve the healthcare organization’s bottom line, whether it’s through clinical improvement, greater operational efficiencies or enhanced revenue cycle functionality,” wrote Andrews.
Mobile BI in retail
’s latest Wisdom of Crowds Business Intelligence Market Study
– a research report analyzing global BI trends and comparing leading vendor capabilities – found retail to be the number one vertical for Mobile BI interest, potential and adoption.
Speaking at the official Webcast launch of his updated Mobile BI market study (October 2011) in 2011, again, Dresner found strong growth and demand for Mobile BI, specifically in the retail industry.
Dresner said the report indicated that, from a vertical perspective, retailers were the biggest users of Mobile BI: “I would say the number one vertical for Mobile Business Intelligence right now would be retail.”
Dresner’s latest Mobile BI study asked users about the perceived benefits and risks associated with Mobile BI. User responses from those in the retail sector were particularly strong, with one respondent stating: “For me, Mobile BI is nothing more than BI on the go. People don’t talk of mobile email, as it is just expected. BI will go exactly the same way. It goes where I work. It’s not ‘mobile’, it’s just ‘BI’. Perfect for retail, to be able to interact with your data and your products in real time, no longer will a manager say ‘Let me get back to you’.”
But it’s not just researchers, industry analysts and retailers themselves who view Mobile BI as a critical next step for analytics in the retail industry. BI practitioners and retail associated IT executives also hold a similar view.
“With a trend towards the democratization of BI and the creation of plain-English actionable insights, mobile delivery will become increasingly important,” wrote Paul Burke, a Product Manager working for a New Zealand based retailer, in LinkedIn group Business Intelligence Professionals
under the discussion “How important is mobility in today’s BI environment?”
“In a retail context, the greatest potential user volumes are in the roles of front line retail staff and supplier representatives. In the case of retail staff, it is vital that they spend their time on the shop floor and not the back office. For suppliers with tight call schedules, mobility is a given.”
Retail operators not already using a BI application will need to consider the benefits of analytic and reporting tools to remain competitive and eliminate wastage in an industry where being in-tune with shifting customer and market trends is paramount.
Careful data analysis can assist retailers to:
- Assess the components and success of marketing campaigns
- Evaluate and determine buying patterns
- Find an optimal mix of product types and quantities via region, store, season
- Decipher optimal pricing strategies for product/category types
- Improve supply chain procedures
Peter Price, in his article Trends in Mobile Business Intelligence Within the Retail Sector
, published on smartphonemag.com, succinctly summarizes the advantage retailers seek from Mobile BI: “For the ever-changing retail environment, time is critical. For the decision makers who manage those retail operations, access to their enterprise applications on handheld devices may give them the on-demand interactivity that can make a difference in their productivity and their stores’ revenues.”