Using our research, best practices and expertise, we help you understand how to optimize your business processes using applications, information and technology. We provide advisory, education, and assessment services to rapidly identify and prioritize areas for improvement and perform vendor selection
We provide guidance using our market research and expertise to significantly improve your marketing, sales and product efforts. We offer a portfolio of advisory, research, thought leadership and digital education services to help optimize market strategy, planning and execution.
Services for Technology Vendors
We provide guidance using our market research and expertise to significantly improve your marketing, sales and product efforts. We offer a portfolio of advisory, research, thought leadership and digital education services to help optimize market strategy, planning and execution.
Throughout the course of our research in 2016, we’ll be exploring ways in which organizations can maximize the value of their data. Ventana Research believes that analytics is the engine and data is the fuel to power better business decisions. Several themes emerged from our benchmark research on incorporating data and analytics into organizational processes, and we will follow them in our 2016 Business Analytics Research Agenda:
Organizations generate data continuously, and they should analyze and refine it continuously – that is, optimize it – to improve their actions, decisions and processes. Our research shows predictive analytics to be a key tool for such optimization and indicates the convergence of analytics with applications to accomplish these goals. Nearly half (49%) of participants in our next-generation predictive analytics benchmark research said they prefer to deploy their predictive analytics within business applications to enable real-time execution. Finding that more than nine out of 10 (92%) participants plan to deploy more predictive analytics, we will monitor the role of data science and analytics teams in these activities. We will also follow how the exploration of big data sets intersects with the discovery portion of analytic processes.
Organizations need to use data and information technology better to streamline analytics. Our research suggests that they will need to invest in data preparation for analytics, as three out of five (62%) participants identified accessing and preparing data as a challenge in their predictive analytics process. The same percentage (62%) cited accessing and integrating data as a main reason for dissatisfaction with their analytic processes. Organizations can address some of these challenges in gaining access to information by virtualizing data. We also will follow the progress of organizations in using cloud-based technologies to help streamline their analytics; more than three-fourths (76%) of participants in our data and analytics in the cloud benchmark research said that accessing data from cloud-based systems is important. We will continue to investigate and report on these topics in the course of planned benchmark research on data preparation.
Other digital technologies will impact analytics for business. More than four-fifths (82%) of organizations in our data and analytics in the cloud research can access and review data and analytics on mobile devices. Simplification of mobile technologies can speed access to an organization’s information, yet access alone is not sufficient. We will track developments in collaboration across the organization to enable action on analytics. The Internet of Things (IoT) – the network of devices, vehicles, buildings and other items that are embedded with electronics, software, sensors and connectivity – brings data and in-motion challenges due to the combination of large volumes of information and requirements for low latency in processing. We will be studying these topics in our Internet of Things and Operational Intelligence benchmark research. Finally, we will follow the evolution of natural-language processing and cognitive systems as methods for searching and presenting information to ordinary business users.
We’ll be studying these issues and more throughout the year. Please download and review our full Business Analytics agenda. I invite you to participate in this research as it is conducted during the year. I look forward to sharing the insights it provides and to helping your organization apply those insights to its business needs.
Regards,
David Menninger
SVP & Research Director
David Menninger leads technology software research and advisory for Ventana Research, now part of ISG. Building on over three decades of enterprise software leadership experience, he guides the team responsible for a wide range of technology-focused data and analytics topics, including AI for IT and AI-infused software.
Ventana Research’s Analyst Perspectives are fact-based analysis and guidance on business,
Each is prepared and reviewed in accordance with Ventana Research’s strict standards for accuracy and objectivity and reviewed to ensure it delivers reliable and actionable insights. It is reviewed and edited by research management and is approved by the Chief Research Officer; no individual or organization outside of Ventana Research reviews any Analyst Perspective before it is published. If you have any issue with an Analyst Perspective, please email them to ChiefResearchOfficer@ventanaresearch.com