The role of Business Intelligence software has grown exponentially over the last decade. And as it has grown so too has analytics-based decision making. In order to get these high-value insights businesses need the best tools. The Ventana Research Value Index: Analytics and Business Intelligence in 2015 is an extensive review of those tools aimed at helping businesses find the best analytics tools for their needs. The technology vendors assessed in the 2015 Value Index are: Actuate IBM Information Builders Microsoft MicroStrategy Oracle Pentaho Qlik SAP SAS SpagoBI Tableau Software Tibco Logi Analytics and Yellowfin....
"Cognitive computing is only beginning to realize its vast potential but already uses of critical importance have emerged: battling fatal diseases through better-informed decisions and personalized care helping individuals gain confidence in their ...
"Cloud computing is changing how businesses access and use technology to innovate. It facilitates sharing of applications across the organization through various systems and collaboration on key issues and tasks. Cloud computing also enables organiza �
Big data is of immediate relevance to the situation many organizations face today. They need to store process and use data in significantly greater volumes than ever before. The data comes from a larger number of sources and often differs in kind fr...
Applying analytics to big data can help organizations resolve many data-dependent management and operational issues encountered by both business units and the IT groups that support them. But many potential users aren�t sure precisely what big-data a �
Applying analytics to big data can help organizations resolve many data-dependent management and operational issues encountered by both business units and the IT groups that support them. But many potential users aren�t sure precisely what big-data a
"Organizations today must utilize many kinds of information to refine their strategy and make smart decisions. Typically this information is stored in a multitude of ready-to-use formats and locations � in-house in enterprise systems remotely on th...
Location Analytics is defined as the integration access and use of geographic information and technology to help consumers and businesses to take action and make decisions efficiently and effectively. In addition using this technology can add value...
The Location Analytics benchmark assessed how the Location Analytics marketplace has evolved and provides insight on the effects of those changes. It focused in particular on the business value of information regarding location its use in consumer-r...
To make effective decisions organizations need access to timely accurate information from all relevant sources including those in the cloud� /minigraphic/cloud-based_dashboards_mean_better_decisions/...
Departments are under pressure to deliver results that justify the money spent and resources utilized which means organizations must measure ROI & other KPI's�...
"Cognitive computing is a new category of information technology that combines proven technologies with sophisticated analytical algorithms natural-language- and machine-based learning and massive computer processing power to yield probabilistic res...
The use of Big Data is prevalent in many companies and across industries. But even with all the tools available there is still critical data that can escape analytics and is nearly impossible to get. Only 14% of companies being able to actually get ...
It's rare if a month goes by and there isn't a cybersecurity breach. It's so common now that it almost doesn't surprise us anymore. But the real kicker is that even though millions of dollars are being invested into better cybersecurity tools and p...
Cloud computing is a major technology innovation. Many companies already use the cloud for business functions such as customer service sales marketing finance and human resources. Analytics and BI however have not migrated to the cloud as quickl...
Cloud computing is a major technology innovation. Many companies already use the cloud for business functions such as customer service sales marketing finance and human resources. Analytics and BI however have not migrated to the cloud as quickl...
Cloud computing is a major technology innovation. Many companies already use the cloud for business functions such as customer service sales marketing finance and human resources. Analytics and BI however have not migrated to the cloud as quickl...
Cloud computing is a major technology innovation. Many companies already use the cloud for business functions such as customer service sales marketing finance and human resources. Analytics and BI however have not migrated to the cloud as quickl...
"Data is an essential asset of all organizations. Its use impacts every aspect of a business not least of all its profitability. Today's data comes from an array of often incompatible sources including disparate in-house systems cloud-based enviro...
"Data is fuel for today�s businesses; they cannot run without it. Like other types of fuel it must be processed and made ready to use. Many users however are unfamiliar with what is required to ensure that the data available to them meets their re...
Predictive analytics is a relatively straightforward idea: It is the use of past data to evaluate the likelihood of future outcomes�.
Organizations of all sizes and in all industries are being deluged by a torrent of data coming from a multitude of sources in many formats. Typically this data is stored in an array of disparate systems. A key technology for processing and analyzing it all is called big data.
Your organization is under attack and that attack may be coming from unanticipated directions. The least recognized yet potentially greatest risk to your operation is a security breach of your IT assets. Every piece of hardware and version of softwa...
"The process of geocoding increases the quality of business information by augmenting geographic references to fully support operations and decision-making. Without the dimension added by geocoding operational risk increases business cycles are was...
"Once a cutting-edge innovation that businesses regarded warily cloud computing now is being widely embraced. It offers an effective way to store and use information and applications without the expense of the hardware software licenses and technic...
Managing performance effectively requires that a company be able to provide executives managers and employees with accurate timely information and make it possible for them to work interactively with that information...
"In today's dynamic business environment competitive forces are putting pressure on companies to better understand their customers and how to serve them to optimize their operations and control costs and to rigorously address security risks and re...
"Organizations today can be overwhelmed by the flood of data they must deal with. This data arrives from many sources and also is generated internally � in both instances rapidly continuously and in a multiplicity of formats. Big data technology o...
"Business analytics today involves far more than reports and spreadsheets. But despite significant investments in business intelligence (BI) software many midsize banks continue to operate with a limited set of analytic capabilities focused largely...
"Business analytics today involves far more than reports and spreadsheets. But despite significant investments in business intelligence (BI) software many manufacturing organizations continue to operate with a limited set of business analytics focu...
"Business analytics goes beyond query and reporting but despite significant investments in business intelligence (BI) software many organizations continue to operate with a limited set of analytic capabilities. Query and reporting until recently th...
"Healthcare performance management is a strategy and a set of methodologies and processes for managing the performance of the organization and its doctors nurses caregivers and its provider network; its purpose is to achieve a common set of patient...
"Cognitive systems have now become a reality and are poised to disrupt long-held views of what computers are capable of. They will enable the emergence of new highly productive business models creating opportunities for some while threatening esta...
The Internet of Things (IoT) is a technology that extends digital connectivity to devices and sensors in homes businesses vehicles and potentially almost anywhere. This advance enables virtually any device to transmit its data to which analytics can then be applied to facilitate monitoring and a range of operational functions....
The Internet of Things (IoT) is a technology that extends digital connectivity to devices and sensors in homes businesses vehicles and potentially almost anywhere. This advance enables virtually any device to transmit its data to which analytics can then be applied to facilitate monitoring and a range of operational functions....
Ventana Research has completed research to benchmark organizations' use of IT analytics. The research assessed organizational maturity by examining the adequacy of people process information and technology competencies required to make the most ef...
"Performance management consists of the strategy methodologies and processes to manage the performance of an organization and its business network to achieve an agreed-upon set of goals and objectives. It is an undertaking that returns significant v...
"Enterprises today must cope with huge and rapidly increasing volumes of data generated by more sources more often and in more formats � a veritable flood of data. Contained in this data are valuable insights that can improve the business�s competiti
Location Analytics is defined as the integration access and use of geographic information and technology to help consumers and businesses to take action and make decisions efficiently and effectively. In addition using this technology can add value...
Over the last 10 years the use of analytics to make decisions in business has been making its way to the forefront with organizations of all sizes gaining insights from analytics that were not available before. And with this changing landscape has ...
Many organizations become interested in predictive analytics as a way to enable them to adapt to a changing conditions and increasing pressure to perform. Intense global competition new ways of conducting business (especially on the Internet) and di...
Many organizations become interested in predictive analytics as a way to enable them to adapt to a changing conditions and increasing pressure to perform. Intense global competition new ways of conducting business (especially on the Internet) and di...
Many organizations become interested in predictive analytics as a way to enable them to adapt to a changing conditions and increasing pressure to perform. Intense global competition new ways of conducting business (especially on the Internet) and di...
Predictive analytics is quickly moving out of the shadows into the organizational spotlight. Ventana Research finds that (37%) of companies say that predictive analytics capabilities are very important yet only(13%) of companies use specific tools t...
"Analytics and in particular predictive analytics are a high priority for organizations today for one simple reason: Those who do not invest in it will fall behind their competitors. Join industry experts Tony Cosentino from Ventana Research and Ja"...
Deriving value from analytics requires organizations to prepare data for use but today's explosion of data volumes types and sources makes this a challenge....
"Integrating cloud-based data with data inside the enterprise is increasingly important to many organizations yet most rely on exporting data to spreadsheets and text files for this purpose. But these are outdated approaches that cannot provide eith...
Self-service business intelligence (BI) is all the rage these days with self-service generally equated to usability. However research suggests that effective self-service requires...
Maturation requires a balanced focus on people process information and technology; the research found issues in each category and also concerns about progress in addressing them. Thus small and mid-sized businesses are maturing only slowly in thei...
The Small and Mid-size Business Analytics benchmark explores how they do this now current processes and tools plans they have to change or improve them and benefits they hope to gain by doing so. Our Maturity Index analysis concludes that only 15 ...
"Geocoding enriches the geographic context of business information especially for organizations that operate internationally and those in certain vertical industries. The location intelligence it provides can enhance the value of information that va...
"The pace of technology for mobility has been growing exponentially in recent years. According to International Data Corp.'s Worldwide Quarterly Mobile Phone Tracker in the third quarter of 2010 vendors shipped a total of 81.1 million smartphones u...
"Cognitive systems have now become a reality and are poised to disrupt long-held views of what computers are capable of. They will enable the emergence of new highly productive business models creating opportunities for some while threatening esta...
"A new approach to information technology called cognitive computing promises to alter the business landscape by empowering businesses to make their business processes more effective. Relying on natural-language processing and machine-based continuou
"To operate efficiently and compete successfully in today's tumultuous global markets organizations need immediate access to the volumes of data they amass and the ability to analyze it. But pursuing this ambitious goal strains many existing informa...
"Visual discovery enables organizations to visualize large volumes of data to find areas of opportunity and challenge. It provides a more intuitive representation of data than numbers in rows and columns. Visual discovery thus is an important additi
"In today's business environment radically altered by new business models and channels of communication customer loyalty is key to business success. Consumers are able to switch companies easily and so competition to acquire and retain customers ...
"The marketplace is a demanding taskmaster; it insists that a business stay agile and open to new ideas and directions in order to remain competitive. This has very much been the case with location as a customer and operational attribute. With striki
Organizations are making analytics the highest-priority innovation technology. It's no wonder why. The demands placed on businesses today are unprecedented.
Making optimal use of the huge volumes and varied forms of big data is vital for business success. Big data systems help deal with this challenge but the data...
Analytic discovery technology enables exploratory analysis that spans multiple data sets of various sizes and structures. It is similar to data science in that both use computer science and statistical techniques
By itself data isn't useful for business. It requires analytics to transform data into actionable information. Analytics of one sort or another has long been a core competence of finance departments; applied to balance sheets; income statements or c
Many Organizations today are applying predictive analytics. 83% of participants in our research said that predictive analytics is important to their organization, and nearly all executives said they consider predictive analytics important.
Today the need to process and analyze the ever larger volumes of data being generated is causing many businesses to consider expanding the capabilities of their business intelligence (BI) systems.
Performance management is a strategy and a set of methodologies and processes for managing the performance of the organization and its business network; its purpose is to achieve a common set of goals and objectives. At its core, then, performance management is about aligning day-to-day processes and activities with organizational strategy. This makes it of obvious value to savvy executives and finance professionals: It communicates to all stakeholders an agreed-upon strategy and helps align the organization around it.
Performance management is a strategy and a set of methodologies and processes that can be used for managing performance in financial services organizations. Its purpose is to achieve a common set of goals and objectives in the most efficient manner. Functionally, performance management is about aligning day-to-day processes and activities
Big data is valuable. Our benchmark research shows that using big data analytics results in better communication, better alignment of the business, a competitive advantage, better responsiveness and decreased time to market. But big data comes in many forms, from many sources and is not always easy to work with.
Data is essential to every aspect of business, and organizations that use it effectively are likely to gain advantages over competitors that do not. Information derived from this data is essential to address a variety of needs; the most common uses are to support analytics and decision-making,
Data is essential to every aspect of business, and organizations that use it effectively are likely to gain advantages over competitors that do not. Information derived from this data is essential to address a variety of needs; the most common uses are to support analytics and decision-making,
Natural language processing, including natural language queries and natural language generation, change the way users can interact with data and information. For decades BI and analytics meant tables of numbers supplemented with charts and graphs. More recently, interactive visualizations became the rage. While these presentation formats may work analysts, there are many others in the enterprise for whom they do not, and would not know what to do wit the analytic outputs even if they did. Advances in natural language processing can extend the reach of BI and analytics, making the insights available to a much broader group of users. Is your organization ready to take advantage of this new opportunity?
While the Internet of Things (IoT) may still be unfamiliar to many consumers, businesses are well aware of its potential. More than 90% of participants in our research said that IoT is important to their future operations. Most said they view IoT as very important to speed the flow of information and improve responsiveness within business processes and nearly half are using IoT in their analytics and business intelligence functions.
Dashboards combine and display information from various parts of an organization to create views of its overall status or of a particular function. For example, a dashboard of sales performance might include information about sales closed, leads generated, the pipeline of opportunities and sales performance by territory or individual. A well-designed dashboard, one that uses all relevant data and presents it in a useful, easily consumable way, is a powerful management tool.
Self-service analytics is a goal for most organizations, but in many cases it has not become a reality. Just two out of five organizations (40%) report that users can analyze data without the assistance of IT. Yet those who are able to operate without IT are both more confident in (77% vs. 44%) and more satisfied with (74% vs. 58%) their analytic abilities.
David Menninger shares research details on how real-world organizations are using customer-facing analytics to monetize their data.
The process of geocoding increases the quality of business information by augmenting geographic references to fully support operations and decision-making. Without the dimension added by geocoding, operational risk increases, business cycles are wasted, customer satisfaction declines and the likelihood of decisions that could be flawed increases.
The transition to cloud computing has introduced new challenges for organizations seeking to satisfy the next generation of business requirements for digital transformation. Doing this is not simple; the reality is that the many disparate cloud-related technologies and the methods used to interconnect them were designed neither to interoperate easily nor to function in real time and in a secured manner.
Data lakes can provide organizations significant value and help them improve their business processes. They provide the data needed by an organization to have a complete picture of its operations and its customers allowing it to stay ahead of its competition. However, data lake architectures and technologies continue to evolve at a rapid pace. In order to stay ahead of these changes, you should adopt tools and processes that are flexible and adaptable.
This presentation by Ventana Research's David Menninger shares research details on the benefits of scalable, secure and deployment-ready platform approach to data science vs. one-off tool, proven architectures, capabilities and approaches that help kick-start and scale data science projects, tips on how to avoid issues that only manifest in production even after good training and experimentation outcomes, and more.
Customer conversations are a valuable source of information with which to enhance customer engagement. Speech analytics is the key to unlocking the value in these conversations. When conversations are deconstructed using speech analytics they provide valuable information that can be used to improve customer engagement. Applying artificial intelligence and machine learning to this information can provide a competitive advantage and increase profitability.
Hadoop 3 is the third major revision of the big data distributed computing framework. The enhancements provide additional scalability and high availability features. They also enable new workloads involving artificial intelligence, machine learning and deep learning algorithms with added support for GPUs. In addition, Hadoop 3 includes a number of enhancements for better resource and workload management capabilities.
The pace of business today requires organizations to constantly examine how to make their people and processes more effective. One proven approach to improving business performance is to harness the insights and intelligence that analytics can provide to continuously assess, identify and address new opportunities and resolve issues and potential barriers. This is the essence of a foundation of digital innovation in business.
Companies do a lot of planning: They plan sales, determine what products and services they will offer, decide what they will charge and what these will cost. They plan the headcount they’ll need to run the business and how to organize distribution and their supply chain. They also produce a budget, which is a financial plan.
Relational database technology first appeared almost a half-century ago and for decades the database market appeared to be consolidating around the use of relational databases for most types of workloads, even if it wasn’t very well suited to some of these workloads. More recently, though, as the big data market has exploded organizations have become less reliant on relational databases and appear more willing to use a variety of other database technologies including NoSQL databases to support their data processing needs.
Ventana Research provides unique insight into the analytics and business intelligence (BI) industry. This is important, as its processes and technology play an instrumental role in enabling an organization’s business units and IT to utilize its data in both tactical and strategic ways to perform optimally. To accomplish this, organizations must not only provide technology that can access the data, generate and apply insights from analytics, and communicate the results, they also must ensure that the analytics are presented in a way that leads to action. One of the most effective ways to do this is to embed analytics into business processes and applications.
Collaborative enterprise planning is a methodology that connects all planning activities of a company’s departments and business units, enabling them to share their plans and to plan collaboratively. This form of planning uses technology to rapidly assemble, analyze and report plans and budgets as well as compare results to these plans. Technology also allows business units to plan and review the “things” that matter to executives and managers (such as headcount, units produced and occupancy rates) in parallel with the monetary consequences of essential things such as revenue, expenses and cash flow. Gathering all planning activities on a single dedicated platform breaks down silos that prevent effective collaboration and supports rapid planning cycles that promote operational agility.
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