This year, Teradata rebranded the Teradata users conference from "Partners" to "Analytics Universe", and there is a reason for it. For decades, Teradata has represented the high end of the analytic database, but new innovations and technologies are adding flexibility to Teradata's licensing as they compete. For the full breakdown of Dreamforce 2018, and my analysis of all the largest announcements, watch my hot take video.
We at Ventana Research recently published our research agendas for 2018. The world of data and information management continues to evolve, as does our research on the use of these technologies to improve your organization’s operations. Relational databases are no longer the only viable enterprise data store as more organizations adopt a polyglot database infrastructure. And while their exact form may still be changing, as I have recently written, big data technologies are here to stay. Our Data and Analytics in the Cloud Benchmark Research indicates that an increasing number of organizations are opting for cloud-based deployments: A modern data infrastructure includes a hybrid of on-premises and cloud deployments for 44 percent of organizations. Our upcoming research will track how these changes are affecting data- and information-management processes.
Workday Financial Management (which belongs in the broader ERP software category) appears to be gaining traction in the market, having matured sufficiently to be attractive to a large audience of buyers. It was built from the ground up as a cloud application. While that gives it the advantage of a fresh approach to structuring its data and process models for the cloud, the product has had to catch up to its rivals in functionality. The company’s ERP offering has matured considerably over the past three years and now is better positioned to grow its installed base. Workday recently added Aon, the insurance and professional services company, to its customer list (becoming its largest customer to date) and reported that its annual contract value (ACV - the annualized aggregate revenue value of all subscription contracts as of the end of a quarter) has doubled since the second quarter of this year, albeit from a low base. This is an important milestone because for years the company’s growth has come from the human capital management (HCM) portion of the business, not financials. Workday has around 160 customers for its financials (more than 90 of which are live) compared to more than 1,000 customers for HCM.
Topics: Analytics, Business Intelligence, Business Performance, CFO, close, Cloud Computing, Collaboration, Controller, dashboard, Data, ERP, Financial Performance, Financial Performance Management, FP&A, FPM, Human Capital, IBM, Intacct, Microsoft, NetSuite, Operational Performance, Oracle, Reporting, SAP, Spreadsheets, Tax, Uncategorized, Office of Finance
The enterprise resource planning (ERP) system is a pillar of nearly every company’s record-keeping and management of business processes. It is essential to the smooth functioning of the accounting and finance functions. In manufacturing and distribution, ERP also can help plan and manage inventory and logistics. Some companies use it to handle human resources functions such as tracking employees, payroll and related costs. Yet despite their ubiquity, ERP systems have evolved little since their introduction a quarter of a century ago. The technologies shaping their design, functions and features had been largely unchanged. As a measure of this stability, our Office of Finance benchmark research found that in 2014 companies on average were keeping their ERP systems one year longer than they had in 2005.
Topics: Analytics, Business Collaboration, Business Intelligence, Business Performance, CFO, close, closing, Cloud Computing, Collaboration, Controller, dashboard, Data, ERP, finance, Financial Performance, Financial Performance Management, FP&A, FPM, Human Capital, IBM, Intacct, Microsoft, Mobile Technology, NetSuite, Operational Performance, Oracle, Reconciliation, Reporting, SAP, Social Media, Supply Chain Performance, Uncategorized, Big Data, Office of Finance
Splunk’s annual gathering, this year called .conf 2015, in late September hosted almost 4,000 Splunk customers, partners and employees. It is one of the fastest-growing user conferences in the technology industry. The area dedicated to Splunk partners has grown from a handful of booths a few years ago to a vast showroom floor many times larger. While the conference’s main announcement was the release of Splunk Enterprise 6.3, its flagship platform, the progress the company is making in the related areas of machine learning and the Internet of Things (IoT) most caught my attention.
Topics: Analytics, Big Data, Business Analytics, Business Intelligence, Business Performance, Data, Information Management, Information Optimization, Internet of Things, IT Analytics & Performance, Machine Learning, Operational Intelligence, Operational Performance, Plunk, Predictive Analytics, Cloud Computing