Information Services Group , a leading global technology research and advisory firm, has launched a research study examining platforms and services that help enterprises derive business value from exponentially growing volumes of available data.
“Some enterprises are more mature than others in their data practices, but most of them have a data-centric culture.”
The study results will be published in a comprehensive ISG Provider Lens™ report, called Analytics Platforms 2022, scheduled to be released in December. The report will cover software vendors and solution providers offering data analytics and governance platforms for generating deep business insights. At the same time, ISG Provider Lens™ will publish the Analytics Services 2022 report, covering providers of data science, data analytics and data monetization services.
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Enterprise buyers will be able to use information from the reports to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.
In recent years, organizations have recognized the potential of data to drive business value and growth. Both large enterprises and small and medium-sized businesses have shifted their focus from basic business data and statistical modelling to enhanced analytics and decision intelligence. They are using data to identify new revenue streams, improve customer experiences and optimize processes for operational excellence.
“In the digital economy, data is an essential asset,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Some enterprises are more mature than others in their data practices, but most of them have a data-centric culture.”
For the Analytics Platforms 2022 study, ISG has distributed surveys to approximately 125 analytics platform providers. Working in collaboration with ISG’s global advisors, the research team will produce two quadrants representing the analytics platform products the typical enterprise is buying, based on ISG’s experience working with its clients. The two quadrants are:
Embedded Analytics and Business Analytics Platforms, evaluating providers of commercially available, off-the-shelf platforms for enterprise data reporting and visualization that can move data in multiple formats across departments and make it available for rapid analysis.
Data Governance Platforms, assessing providers of readily available platforms for gathering, preparing, transforming and integrating data across organizations and their partners and customers. These platforms include features for maintaining data integrity and managing regulatory requirements, business continuity and data recovery.