Ventana Research Analyst Perspectives

Hortonworks Helps IBM Big Data Potential with Hadoop

Posted by David Menninger on Sep 4, 2017 9:35:27 AM

Recently Hortonworks announced some significant additions to its products at the DataWorks Summit. These additions reflect the fact that the big data market continues to evolve, as I have previously written.

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Topics: Big Data, Machine Learning, Analytics

Centage’s Budget Maestro Version 9 is a Big Step Forward

Posted by Robert Kugel on Sep 3, 2017 9:43:03 AM

Centage recently released Budget Maestro Version 9, a complete revamping of its longstanding budgeting application designed for midsize companies. The software, now offered as a multitenant cloud-based offering, delivers several structural improvements that can enhance the effectiveness of a company’s planning processes and at the same time is easier to use. Budget Maestro Version 9 is designed to support what Centage is calling a “Smart Budgets” approach to replace traditional budgeting. This approach is consistent with what we have been calling integrated business planning.

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Topics: Planning, Reporting, Budgeting, Consolidation, Analytics, Business Planning, headcount planning

Natural Language Generation Broadens the Reach of Analytics and BI

Posted by David Menninger on Sep 1, 2017 10:09:02 AM

Natural language generation (NLG), the process of generating text or narratives based on a set of data values, can reach a broader audience. NLG narratives can be used for a variety of purposes, but in this perspective I focus on how NLG can be used to enhance business intelligence (BI) processes. In the case of BI, NLG can be used to explain what has happened and why it is happening, and even what actions to take. The NLG narratives can be understood by a broader range of business users than the tables and charts of data that are the typical output of most BI applications or analytics tools.

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Topics: Machine Learning, Natural Language, Analytics, Business Intelligence

Datawatch Gets Social with Data Preparation

Posted by David Menninger on Aug 24, 2017 3:06:55 AM

Many organizations continue to struggle with preparing data for use in operational and analytical processes. We see these issues reported in our Data and Analytics in the Cloud benchmark research, where 55 percent of organizations identify data preparation as the most time-consuming task in their analytical processes.  Similarly, in our Next-Generation Predictive Analytics research, 62 percent of companies report that they’re unsatisfied because data needed for access or integration is not readily available. In our Big Data Integration research, 52 percent report spending that in working with big data integration processes, they spend the most time reviewing data for quality and consistency.  And nearly half of companies (48%) report this same issue in our Internet of Things research. We are currently conducting further research into this critical issue with our Data Preparation benchmark research.

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Topics: Analytics, Collaboration, Data Preparation, Datawatch

Longview Solidifies Tidemark for Cloud-Based Planning

Posted by Robert Kugel on Jul 10, 2017 6:43:42 AM

Longview recently completed the acquisition of Tidemark Systems, a planning software vendor. Longview Plan powered by Tidemark is a suite of cloud-based applications that enable corporations to plan, assess performance and communicate results more effectively. The software facilitates what Ventana Research calls “continuous planning.” This is a highly collaborative, action-oriented approach to planning that relies on frequent, short cycles to rapidly create and update integrated company-wide operational and financial plans. This structural approach makes it easy for individual business functions to create their own plans while enabling headquarters to connect those plans to create a unified view. Viewed in the long term, this acquisition provides Longview with a platform that will enable it to apply its existing on-premises intellectual property to a broader suite of web-based performance management and tax applications.

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Topics: Mobile, Office of Finance, Recurring Revenue, Continuous Planning, Analytics, Business Intelligence, Financial Performance Management, Price and Revenue Management, ERP and Continuous Accounting, Sales Planning and Analytics