Independent analysis dives into capabilities of vendors, maturity of the tools, and usability of software offerings
BEND, OR, December 17, 2018 /24-7PressRelease/ — Ventana Research today released its 2018 Value Index for Analytics and Business Intelligence, a quantified, research-based index evaluating both technology vendors and their products. The Analytics and Business Intelligence Value Index assesses product adequacy for a broad range of analytics needs beyond query, reporting, analysis and publishing, but also visualizations, forecasting, natural-language implementations, collaboration, and more.
Using this Value Index, business and IT organizations utilizing analytics and business intelligence will be able to evaluate Business Intelligence software and examine vendors’ offerings in the context of their own analytics requirements. Ventana Research’s Value Indexes are the result of more than 15 years of experience and knowledge of the market for data and analytics applications. It provides an in-depth analyses of technology suppliers’ products and evaluates their differences.
The Value Index for Analytics and Business Intelligence is based on a comprehensive examination of fifteen vendors’ products in seven evaluation categories, five that evaluate the products’ ability to support the breadth and depth of business needs around analytics and two that address vendor validation and total cost of ownership/return on investment. The 2018 Value Index for Analytics and Business Intelligence identifies the companies that deliver the highest value based on an overall weighted evaluation. The Overall Value Index Leaders in the 2018 Value Index are Information Builders, MicroStrategy and IBM. Companies that score in the top three in any category earn the designation Value Index Leader; MicroStrategy has done so in four of the seven categories; Infor, Information Builders and IBM are Value Index Leaders in three categories; and BOARD, Domo, SAP and SAS in two categories. All vendors included in the Value Index were required to offer Analytics and Business Intelligence software as a standalone product that could be applied across all lines-of-business, a requirement that excluded numerous vendors.
The Value Index assesses the effectiveness of each vendor’s support for the buying process and customer assurance. The Value Index is not just a selection of “cool” products; rather than evaluating a vendor primarily on its vision or market execution, the Value Index provides specific numerical ratings, both overall and for each of the seven components of the Value Index, for technology buyers to consider. Organizations can use the Value Index as a guide to assess existing technology providers and determine if their provider best meets their needs today and in the future.
“The Value Index provides an in-depth analysis of these vendors and their product offerings,” said David Menninger, SVP & Research Director, Ventana Research. “We evaluated over 1000 criteria for each of these vendors in order to provide the industry’s most comprehensive assessment of analytics and business intelligence technologies.”
This new Value Index is a fully independent, research-based undertaking. It is neither sponsored nor influenced by technology vendors and is conducted solely in pursuit of Ventana Research’s mission to provide value to business and IT through benchmark assessments, workshops and advisory services. Ventana Research’s goal is to help guide organizations to optimal efficiency in their use of technology investments for business and IT. To learn more and read a the executive summary of the 2018 Value Index for Analytics and Business Intelligence, please visit www.ventanaresearch.com/value_index/analytics/analytics_and_business_intelligence
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research’s insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook and LinkedIn. To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
For the original version of this press release, please visit 24-7PressRelease.com here