In my past perspectives, I’ve written about the evolution from data at rest to data in motion and the fact that you can’t rely on dashboards for real-time analytics. Organizations are becoming more and more event-driven and operating based on streaming data. As well, analytics are becoming more and more intertwined with operations. More than one-fifth of organizations (22%) describe their analytics workloads as real time in our Data and Analytics Benchmark Research and nearly half (47%) of...
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Topics:
Analytics,
Business Intelligence,
Data,
Digital Technology,
Streaming Analytics,
Analytics & Data,
Streaming Data & Events
At one point, analytics and business intelligence were considered non-mission critical activities. One of the primary concerns in designing analytics systems was to ensure they didn’t interfere with or draw computing resources away from operational systems. But today, analytical systems are integral to many aspects of operations. More than 9 in 10 participants in our Analytics and Data Benchmark Research reported analytics had improved activities and processes. However, most analytics and BI...
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Topics:
Analytics,
Business Intelligence,
Data Management,
Data,
Digital Technology,
data operations,
Analytics & Data
Now more than ever, effective data management is crucial to enable decision-makers to better assess information and take calculated actions. It is also important to keep up with the latest trends and technologies to derive higher value from data and analytics and maintain a competitive edge in the market. However, every organization faces challenges with data management and analytics. And as organizations scale, the complexity only increases, creating a need for better data governance, data...
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Topics:
Analytics,
Data Governance,
Data Management,
Data,
data operations,
analytic data platforms
Ventana Research recently announced its 2023 Market Agenda for Analytics, continuing the guidance we have offered for nearly two decades to help organizations derive optimal value from technology investments to improve business outcomes.
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Topics:
embedded analytics,
Analytics,
Business Intelligence,
Data,
Digital Technology,
natural language processing,
Process Mining,
Analytics & Data,
Collaborative & Conversational Computing
I’m proud to share Ventana Research’s 2023 Market Agenda for Digital Technology. Our focus in this agenda is to deliver expertise to help organizations prioritize technology investments that improve customer, partner and workforce experiences while also increasing organizational effectiveness and agility.
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Topics:
Analytics,
Cloud Computing,
Internet of Things,
Data,
Digital Technology,
blockchain,
mobile computing,
extended reality,
AI & Machine Learning,
robotic automation,
Collaborative & Conversational Computing
Organizations are collecting data from multiple data sources and a variety of systems to enrich their analytics and business intelligence (BI). But collecting data is only half of the equation. As the data grows, it becomes challenging to find the right data at the right time. Many organizations can’t take full advantage of their data lakes because they don’t know what data actually exists. Also, there are more regulations and compliance requirements than ever before. It is critical for...
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Topics:
Business Intelligence,
Data Governance,
Data Management,
Data,
data operations,
AI & Machine Learning
I have written previously that the world of data and analytics will become more and more centered around real-time, streaming data. Data is created constantly and increasingly is being collected simultaneously. Technology advances now enable organizations to process and analyze information as it is being collected to respond in real time to opportunities and threats. Not all use cases require real-time analysis and response, but many do, including multiple use cases that can improve customer...
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Topics:
Analytics,
Business Intelligence,
Internet of Things,
Data,
Digital Technology,
Streaming Analytics,
AI & Machine Learning,
Analytics & Data,
Streaming Data & Events
For years, maybe decades, we have heard about the struggles between IT and line-of-business functions. In this perspective, we will look at some of the data from our Analytics and Data Benchmark Research about the roles of IT and line-of-business teams in analytics and data processes. We will also look at some of the disconnects between these two groups. And, by looking at how organizations are operating today and the results they are achieving, we can discern some of the best practices for...
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Topics:
Analytics,
Business Intelligence,
Data,
Digital Technology,
AI & Machine Learning,
Analytics & Data
Despite all the advances organizations have made with respect to analytics, our most recent research shows the majority of the workforce in the majority of organizations are not using analytics and business intelligence (BI). Less than one-quarter (23%) report that one-half or more of their workforce is using analytics and BI. This is a problem. It means organizations are not enabling their workforce to perform at peak efficiency and effectiveness. It means the workforce in many organizations...
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Topics:
Sales,
embedded analytics,
Analytics,
Business Intelligence,
Data,
Sales Performance Management,
Digital Technology,
Digital Commerce,
natural language processing,
Subscription Management,
partner management,
sales engagement,
revenue management,
Collaborative & Conversational Computing