David Menninger's Analyst Perspectives

Palantir Operationalizes Analytics and Data for Actions and Decisions

Posted by David Menninger on Aug 26, 2022 3:00:00 AM

Organizations are managing and analyzing large datasets every day, identifying patterns and generating insights to inform decisions. This can provide numerous benefits for an organization, such as improved operational efficiency, cost optimization, fraud detection, competitive advantage and enhanced business processes. By bringing the right, actionable data to the right user, organizations can potentially speed up processes and make more effective operational decisions.

Read More

Topics: embedded analytics, Analytics, Business Intelligence, Internet of Things, Streaming Analytics, AI & Machine Learning

Embed Analytics for Greater Reach and More Responsiveness

Posted by David Menninger on Aug 18, 2022 3:00:00 AM

When I looked at the state of analytics recently, it was clear that analytics are not as widely deployed within organizations as they should be. Only 23% of participants in our Analytics and Data Benchmark Research reported that more than one-half of their organization’s workforce are using analytics. There are many elements to becoming a data-driven organization, as my colleague Matt Aslett points out, but analytics are a necessary component. Our research shows that organizations recognize the importance of embedded analytics, ranking it the second most important digital technology in their analytics and data efforts behind big data and ahead of artificial intelligence and machine learning (AI/ML).

Read More

Topics: embedded analytics, Analytics, Analytics & Data

Tableau Brings Business Intelligence to Business Users

Posted by David Menninger on Jul 26, 2022 3:00:00 AM

Organizations are collecting vast amounts of data every day, utilizing business intelligence software and data visualization to gain insights and identify patterns and errors in the data. Making sense of these patterns can enable an organization to gain an edge in the marketplace and plan more strategically.

Read More

Topics: embedded analytics, Business Intelligence, AI and Machine Learning

Zoho Unifies Data and Analytics

Posted by David Menninger on Jul 7, 2022 3:00:00 AM

Organizations are continuously increasing the use of analytics and business intelligence to turn data into meaningful and actionable insights. Our Analytics and Data Benchmark Research shows some of the benefits of using analytics: Improved efficiency in business processes, improved communication and gaining a competitive edge in the market top the list. With a unified BI system, organizations can have a comprehensive view of all organizational data to better manage processes and identify opportunities.

Read More

Topics: business intelligence, embedded analytics, Data Governance, Data Management, natural language processing, AI and Machine Learning, data operations, Streaming Analytics, Streaming Data & Events, operational data plaftforms

Denodo Advancing Data Virtualization in the Cloud

Posted by David Menninger on Apr 28, 2022 3:00:00 AM

Organizations have been using data virtualization to collect and integrate data from various sources, and in different formats, to create a single source of truth without redundancy or overlap, thus improving and accelerating decision-making giving them a competitive advantage in the market. Our research shows that data virtualization is popular in the big data world. One-quarter (27%) of participants in our Data Lake Dynamic Insights Research reported they were currently using data virtualization, and another two-quarters (46%) planned to include data virtualization in the future. Even more interesting, those who are using data virtualization reported higher rates of satisfaction (79%) with their data lake than those who are not (36%). Our Analytics and Data Benchmark Research shows more than one-third of organizations (37%) are using data virtualization in that context. Here, too, those using data virtualization reported higher levels of satisfaction (88%) than those that are not (66%).

Read More

Topics: embedded analytics, Analytics, Business Intelligence, AI and Machine Learning, Streaming Analytics

Improving the State of Analytics in Organizations

Posted by David Menninger on Feb 24, 2022 3:00:00 AM

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 does not have access to the same information by which they are being measured. It means organizations must find other ways to communicate with, and manage, the workforce.

Read More

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

Good Data Governance Improves Business Processes

Posted by David Menninger on Feb 17, 2022 3:00:00 AM

Many organizations invest in data governance out of concern over misuse of data or potential data breaches. These are important considerations and valid aspects of data governance programs. However, good data governance also has positive impacts on organizations. For example, I have previously written about the valuable connection between the use of data catalogs and satisfaction with an organization’s data lake. Our most recent Analytics and Data Benchmark Research demonstrates some of the beneficial links between data governance and analytics. In this Perspective, I’ll share some of the correlations identified in our research.

Read More

Topics: embedded analytics, Analytics, Data Governance, Data, Digital Technology

The 2022 Market Agenda for Analytics: Enabling Actions and Effective Insights

Posted by David Menninger on Feb 3, 2022 3:00:00 AM

Ventana Research recently announced its 2022 Market Agenda for Analytics, continuing the guidance we have offered for nearly two decades to help organizations derive optimal value from technology investments in order to improve business outcomes.

Read More

Topics: embedded analytics, Analytics, Business Intelligence, Digital Technology, natural language processing, Process Mining, Analytics & Data, Collaborative & Conversational Computing

ThoughtSpot Enables Simpler Analytics with AI and NLP

Posted by David Menninger on Jan 21, 2022 3:00:00 AM

Organizations today have huge volumes of data across various cloud and on-premises systems which keep growing by the second. To derive value from this data, organizations must query the data regularly and share insights with relevant teams and departments. Automating this process using natural language processing (NLP) and artificial intelligence and machine learning (AI/ML) enables line-of-business personnel to query the data faster, generate reports themselves without depending on IT, and make quick decisions. Some organizations have started using NLP in self-service analytics to quickly identify patterns and simplify data visualization. Our Analytics and Data Benchmark Research finds that about 81% of organizations expect to use natural language search for analytics to make timely and informed decisions.

Read More

Topics: embedded analytics, Analytics, Business Intelligence, Data Integration, Data, natural language processing, data lakes, data operations, AI & Machine Learning, data platforms

TIBCO Broadens Portfolio for Improved Analytics Efficiency

Posted by David Menninger on Nov 30, 2021 3:00:00 AM

TIBCO is a large, independent cloud-computing and data analytics software company that offers integration, analytics, business intelligence and events processing software. It enables organizations to analyze streaming data in real time and provides the capability to automate analytics processes. It offers more than 200 connectors, more than 200 enterprise cloud computing and application adapters, and more than 30 non-relational structured query language databases, relational database management systems and data warehouses.

Read More

Topics: embedded analytics, Analytics, Collaboration, Data Governance, Information Management, Data, Digital Technology, data lakes, AI and Machine Learning