Research Note Technology Value Matrix First Half 2014 Business Intelligence and Analytics

Total Page:16

File Type:pdf, Size:1020Kb

Research Note Technology Value Matrix First Half 2014 Business Intelligence and Analytics Document O81 RESEARCH NOTE May 2014 TECHNOLOGY VALUE MATRIX FIRST HALF 2014 BUSINESS INTELLIGENCE AND ANALYTICS THE BOTTOM LINE The evolution of business intelligence is quickly leading to a splintering of markets as the previously monolithic world of BI is now a varied world of analytic applications, data discovery and visualization products, cloud-based and as-a-service business intelligence tools, and traditional BI platforms that pursue best-of-breed status in all of these areas simultaneously. In this fractured market, BI value propositions have become increasingly granular, which has forced vendors to focus on line-of-business support and ease of use concerns that are important to a specific audience to demonstrate value. This Value Matrix evaluates current vendors’ ability to deliver value based on usability and functionality and projects 6-month trends for each vendor. The Business Intelligence Value Matrix focuses on platforms and products that provide value in the key areas of business intelligence: enterprise-class scale and availability for data, transformation of raw data into analytic-ready queries and semantic categorization, data discovery and analysis tools, delivery and sharing of analytic outcomes through reports and visualizations, and embedding BI functionality into new applications. As BI vendors look to improve their capabilities in 2014, they have found that specialization is increasingly important. Over the past year, key trends in the market include: . Data discovery is becoming a necessary part of the BI value proposition. Companies such as Qlik and Tableau have continued to raise the expectations for end users seeking direct interaction with data. The demand for these capabilities has shifted data discovery from an interesting capability to a core business intelligence necessity. Collaboration is now an expected feature of business intelligence. Increasingly vendors that offer collaboration capabilities are driving the list of requirements that organizations are now using to evaluate their implementations. Users are listing this capability as a necessary part of their business intelligence solution, as it allows greater sharing of insights, and helps organizations improve productivity and business processes. Unified business definitions are even more important. Many organizations face a growing data complexity challenge. With increasing data volumes, and the vendors continue to make incorporating external data sources into solutions easier for end Nucleus Research Inc. NucleusResearch.com 100 State Street Phone: +1 617.720.2000 Boston, MA 02109 May 2014 Document O81 users, the need to have a common business view or definition of the data is becoming a necessity. The importance of having everyone seeing the same business definition and speaking the same data definition drives productivity, trust in the data and adoption rates. BI continues to move to the cloud. The advantages of moving BI to the cloud are far greater than simply reducing on-premise server costs. From a processing perspective, cloud BI allows companies to quickly add or remove processing resources as necessary. For data, cloud allows BI solutions to store large amounts of data on an ad-hoc basis. And with the emergence of Amazon as a key battlefield for business intelligence market share, vendors are experimenting with their business models (Nucleus Research n18, Amazon is the new battleground for analytics and data management, February 2013). Traditional pricing models are losing ground with customers looking to reduce costs. Many are choosing utility based costing and subscription models over user based or role based licensing to enable both internal and external users. The ubiquitous nature of mobile BI. Over the past 6 months, mobile has become a ‘must have’ versus a ‘nice to have’. Vendors are extending their mobile BI capabilities to match those of the desktop environment. The key capabilities for advanced mobile BI that will increase value are to ease the effort of creating mobile applications and to provide direct mobile interaction with data that is both easy and accurate. As devices become increasingly ubiquitous and technologically capable, so does the users’ expectations of their applications. They are no longer satisfied with different or limited capabilities and experiences in unique interfaces. The big money in Big Data. Business intelligence and performance management solutions have been raking in the money over the past 6 months as investors see a unique market opportunity to grab market share in today’s diverse business intelligence market. These investments will be used to meet the exponentially increasing interest in BI with new tools that meet end user needs on a global basis. Organizations are seeing the value in big data, and are expecting solutions will support those data environments. © 2014 Nucleus Research, Inc. Reproduction in whole or in part without written permission is prohibited. Nucleus Research is the leading provider of value-focused technology research and advice. Page 2 NucleusResearch.com May 2014 Document O81 ANALYTICS VALUE MATRIX 1H2014 Facilitator Leader Birs t Y ellowfin M ic rosoft IBM Q lik MicroStrategy A daptive Insights Information Builders T ableau GoodData T ibc o Board SAP Jas persoft SAS Usability I nfor O rac le P entaho A c tuate Logi Analytics Core Provider Expert Functionality The Analytics landscape continues to be fragmented into multiple micro-markets based on the value propositions that companies desire. High performance business intelligence suites, and data discovery products provide their own value propositions based on the needs of the end user organizations. With this fragmentation, it is more important than ever to use the Value Matrix in terms of organizational need for functionality and usability rather than a simple vendor placement. Nucleus expects those investing in usability and dark cockpit-driven design principles will continue to advance in future matrices and will also gain market share away from those whose applications are more complex and costly to learn and support. LEADERS BI Leaders are defined by their ability to combine key BI functionalities that provide value with high levels of usability. The challenge for these vendors is to continue improving in both directions without being outflanked by their Expert and Facilitator counterparts Leaders include Birst, GoodData, IBM, Information Builders, MicroStrategy Microsoft, SAP, and SAS. BIRST Birst, a leader in the Value Matrices for the last two years, and maintains its position. Birst continues to be a leading cloud BI vendor, linking cloud BI, visualization, and data warehousing into a unique value proposition. The investments in an end-to-end data © 2014 Nucleus Research, Inc. Reproduction in whole or in part without written permission is prohibited. Nucleus Research is the leading provider of value-focused technology research and advice. Page 3 NucleusResearch.com May 2014 Document O81 warehouse in Birst’s own cloud or with Amazon Web Services continue to have a disruptive effect in the market. Nucleus found that Birst’s integration of Amazon Redshift into an integrated analytics solution provided companies with an accelerated route to achieving analytics ROI (Nucleus Research n23 – Birst provides the one-stop shop for Amazon Redshift and analytics, February, 2013). High levels of customer service, data management capabilities, and total cost of ownership continue to serve as top differentiators for Birst when compared to its competitors, and have been key factors in customers’ buying decisions. Many customers, when faced with the costs of an on-premises data warehouse, seek out cloud BI vendors such as Birst, for a lower cost investment. In the past 12 months, Birst has shown an increase in partner activity, with increased efforts to build solutions for customers in CRM, Analytics, and assist with implementations, and industries such as technology, health and pharmaceuticals, financial services, manufacturing and insurance. In December 2013, Birst released Birst Visualizer, a business-oriented, visual discovery tool that is hooked into the Birst logical layer, providing business logic to visualizations (Nucleus Research, n192 – Birst releases Birst Visualizer, December 2013). Users access the same data as the rest of the organization, thereby making sharing, collaboration and analysis more consistent, faster and reliable. With easy to use, self-serve access to business data, casual business users will be able to make data-based business decisions, as a result of their own investigations. These capabilities, initially targeted at existing customers, are now available to all customers as part of the Birst Discovery and Birst Enterprise at no additional charge. Birst continues to focus on enabling the end users with easy to use, intuitive, cloud-based business intelligence software, maintaining business logic integration, and deployment flexibility, which are constant themes for many organizations. Birst is looking to support more cloud and on premise application sources, beyond the connectors already available to Salesforce.com, NetSuite, Marketo, Google Analytics, Oracle, SAP and others. Moving forward, Birst should look to increasing the number of mobile devices supported, as more organizations are seeking data visualization and discovery for their business intelligence implementations. GOODDATA GoodData has established itself as a leading cloud BI vendor. In an analysis of GoodData customers,
Recommended publications
  • View Annual Report
    To our stockholders, customers, partners and employees: 2014 was a fantastic year for Tableau. We saw the strongest demand in our history as the move to visual analytics grew faster than ever. After five years of revenue growth over 75%, we’ve reached more than $900 million in lifetime revenue—$412.6 million of which was generated in 2014. With that achievement, we’ve become one of the fastest growing companies in the fifty-year history of business analytics software. Our mission to help people see and understand data has come to define a new era of analytics. We’re enabling people to answer questions, solve problems and generate meaning from data in a way that has never before been possible. And, we’re putting that power in the hands of a much broader population of people. Customers call Tableau easy and fun – a far cry from the complicated business intelligence systems of the prior era. 2014 was a record year for customer growth. During 2014, we added more than 9,100 customer accounts, bringing our total to more than 26,000 worldwide. In the average week more than 150 organizations are moving to the Tableau way. Even with this success, we believe there is a large untapped market for our products. Our growth was also driven by continued international expansion. In 2014, international revenue grew to $93.8 million, up 105% year-over-year. We now have customers in more than 150 countries. Our product innovation continues at a rapid pace. In 2014, we invested $90.1 million(1) on research and development, more than the previous two years combined.
    [Show full text]
  • Tableau Software, Inc. 2013 Annual Report & Proxy Statement
    Tableau Software, Inc. 2013 Annual Report & Proxy Statement To our stockholders: We are a company on a mission. Since our inception in 2003, we have been committed to helping people see and understand data. Our products put the power of data into the hands of everyday people, allowing them to engage with their data, ask questions, solve problems and create value. Over the past ten years, we have reached over 17,000 customer accounts in pursuit of our mission. 2013 was a year to remember for Tableau. We achieved 82% revenue growth, added over 6,000 customer accounts worldwide, completed a successful IPO and hosted our largest ever customer conference. An important part of our strategy is to invest in product innovation. With Tableau 8.0, we introduced advancements such as web and mobile authoring, new data connectors, forecasting and enhanced enterprise integration with new APIs. These are a few of the many new features we delivered to help people make sense of their growing quantities of data. In Tableau 8.1, we incorporated new features to support enterprise customers, including full 64-bit support, SAML authentication, support for external load balancers and IPv6 support. We also provided users with more advanced analytics capabilities. Finally, we launched Tableau Online, a cloud-based product that makes it even easier to for people to explore, analyze and share data. In addition to our accomplishments in product innovation, we achieved other notable milestones in 2013. We grew license revenues 78% and maintenance and services revenues 92% from 2012. We increased our international business to 20% of total revenues, up from 17% in 2012.
    [Show full text]
  • 2020 Business Intelligence Buyer's Guide
    2020 BUSINESS INTELLIGENCE BUYER’S GUIDE 1 BUSINESS INTELLIGENCE BUYER’S GUIDE MARKET OVERVIEW The process for evaluating and selecting business intelligence software can be complex. These complexities are growing even wider when organizations consider emerging analytic capabilities like AI and machine learning. Augmented analytics – which uses machine learning to change how analytic content is developed and used – is set to become the dominant driver of new BI buying by 2021, according to analyst house Gartner, Inc. If your use cases involve a large degree of manual data analysis, augmented analytics products may be an immediate consideration. Automation is impacting virtually every industry and business process, and data analytics software is about to become the next frontier. The technology behind automating analytics is heavily reliant on AI and machine learning. While some organizations are using this functionality already to speed past manual data tasks, BI solution providers are increasingly tying automation to natural language processing. This will soon enable an entire swath of business users to run complex analysis just by asking a question. Auditable (or explainable) AI is an emerging field in machine learning that addresses how black box decisions of AI systems are made. In data analytics, users want to be able to inspect and understand the steps and models involved in decision making. And given the pervasive nature of AI-powered business intelligence tools entering the marketplace, this technology is quickly becoming mainstream. AI will continue to be a game-changer for BI users, especially those without technical data science skills. However, the best AI- focused data analytics tools can explain the processes behind each prediction.
    [Show full text]
  • TABLEAU SOFTWARE, INC. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-35925 TABLEAU SOFTWARE, INC. (Exact name of Registrant as specified in its charter) Delaware 47-0945740 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 1621 North 34th Street Seattle, Washington 98103 (Address of principal executive offices and zip code) (206) 633-3400 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of each exchange on which registered Class A Common Stock, par value $0.0001 New York Stock Exchange Securities registered pursuant to Section 12 (g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • The Big Data Market: 2015 – 2030 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts
    The Big Data Market: 2015 – 2030 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts Table of Contents 1 Chapter 1: Introduction ................................................................................... 18 1.1 Executive Summary ....................................................................................................................................... 18 1.2 Topics Covered .............................................................................................................................................. 20 1.3 Historical Revenue & Forecast Segmentation ............................................................................................... 21 1.4 Key Questions Answered ............................................................................................................................... 23 1.5 Key Findings ................................................................................................................................................... 24 1.6 Methodology ................................................................................................................................................. 25 1.7 Target Audience ............................................................................................................................................ 26 1.8 Companies & Organizations Mentioned ....................................................................................................... 27 2 Chapter 2: An Overview of Big Data ................................................................
    [Show full text]
  • Advanced Analytics June 2019 Advanced Analytics June 2019 Sector Dashboard [4]
    Sectorwatch: Advanced Analytics June 2019 Advanced Analytics June 2019 Sector Dashboard [4] Public Basket Performance [5] Operational Metrics [7] Valuation Comparison [10] Recent Deals [13] Appendix [15] 7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only in conjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated as confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error. 2 Overview 7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus. Dashboard Valuation Comparison • Summary metrics on the sector • Graphical, detailed comparison of valuation • Commentary on market momentum by multiples for the public basket comparing the most recent 12-month performance against the last 3-year averages.
    [Show full text]