Ventana Research Analyst Perspectives

IBM Builds on Analytics and BI Foundation

Posted by David Menninger on Nov 29, 2022 3:00:00 AM

In today’s data-driven world, organizations need real-time access to up-to-date, high-quality data and analysis to keep pace with changing market dynamics and make better strategic decisions. By mining meaningful insights from enterprise data quickly, they gain a competitive advantage in the market. Yet, organizations face a multitude of challenges when transitioning into an analytics-driven enterprise. Our Analytics and Data Benchmark Research shows that more than one-quarter of organizations find it challenging to access data sources and integrate data and analytics in business processes. Vendors such as IBM offer a broad set of analytics tools with self-service capabilities that allows organizations to reduce IT dependencies and enables decision-makers to recognize performance gaps, market trends and new revenue opportunities. Its technology can simplify data access for self-service applications, enabling users to make business decisions informed by insights and take the guesswork out of decision-making.

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

Mind the Gap Between Data and Analytics

Posted by David Menninger on Nov 16, 2022 3:00:00 AM

If you’ve ever been to London, you are probably familiar with the announcements on the London Underground to “mind the gap” between the trains and the platform. I suggest we also need to mind the gap between data and analytics. These worlds are often disconnected in organizations and, as a result, it limits their effectiveness and agility.

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Topics: embedded analytics, Analytics, Business Intelligence, Data Governance, Data Management, data operations, Analytics & Data

MLOps: A Disciplined Approach That Increases Organizational Agility

Posted by David Menninger on Oct 20, 2022 3:00:00 AM

Artificial intelligence and machine learning are valuable to data and analytics activities. Our research shows that organizations using AI/ML report gaining competitive advantage, improving customer experiences, responding faster to opportunities and threats and improving the bottom line with increased sales and lower costs. No wonder nearly 9 in 10 (87%) research participants report using AI/ML or planning to do so.

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Topics: Analytics, AI and Machine Learning

Celonis Improves Business Processes with Process Mining

Posted by David Menninger on Oct 14, 2022 3:00:00 AM

As I recently pointed out, process mining has emerged as a pivotal technology for data-driven organizations to discover, monitor and improve processes through use of real-time event data, transactional data and log files. With recent advancements, process mining has become more efficient at discovering insights in complex processes using algorithms and visualizations. Organizations use it to better understand the current state of systems and business processes. It is also used to enable business process intelligence and improvement in any function or industry using events and activity models for data-driven decision-making. We assert that through 2024, 1 in 4 organizations will look to streamline their operations by exploring process mining to optimize workflow and business processes.

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Topics: Analytics, Business Intelligence, AI and Machine Learning, Process Mining, Streaming Analytics

Process Mining improves Business Processes

Posted by David Menninger on Oct 4, 2022 3:00:00 AM

Process mining is defined as the analysis of application telemetry including log files, transaction data and other instrumentation to understand and improve operational processes. Log data provides an abundance of information about what operations are occurring, the sequences involved in the processes, how long the processes are taking and whether or not the processes are completed successfully. As computing power has increased and storage costs have decreased, the economics of collecting and analyzing large amounts of log data have become much more attractive.

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Topics: Analytics, Business Intelligence, AI and Machine Learning, Process Mining