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A few years ago – somewhat tongue in cheek – I began using the term “data pantry” to describe a type of data store that’s part of a business application platform, created for a specific set of users and use cases. It’s a data pantry because, unlike a general-purpose data store such as a data warehouse, everything the user needs is readily available and easily accessible, with labels that are...

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Topics: Data Management, Business Planning, Financial Performance Management, ERP and Continuous Accounting, AI and Machine Learning


Organizations are continuously increasing the use of analytics and business intelligence to turn data into meaningful and actionable insights. Our Analytics and Data Benchmark Research shows some of the benefits of using analytics: Improved efficiency in business processes, improved communication and gaining a competitive edge in the market top the list. With a unified BI system, organizations...

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Topics: business intelligence, embedded analytics, Data Governance, Data Management, natural language processing, data operations, Streaming Analytics, AI and Machine Learning


I previously described the concept of hydroanalytic data platforms, which combine the structured data processing and analytics acceleration capabilities associated with data warehousing with the low-cost and multi-structured data storage advantages of the data lake. One of the key enablers of this approach is interactive SQL query engine functionality, which facilitates the use of existing...

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Topics: Analytics, Business Intelligence, Cloud Computing, Data, Digital Technology, data lakes, data operations, Analytics and Data, AI and Machine Learning


I’ve never been a fan of talking about semantic models because most of the workforce probably doesn’t understand what they are, or doesn’t recognize them by name. But the findings in our recent Analytics and Data Benchmark Research have changed my mind. The research shows how important a semantic model can be to the success of data and analytics processes. Organizations that have successfully...

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Topics: Business Intelligence, Data Management, data operations, Analytics and Data, AI and Machine Learning


Artificial intelligence using machine learning has passed through the bright, shiny object stage and software vendors are well into the process of making the concept a reality in their offerings. Ventana Research defines AI as the use of technology to process information in much the way humans do, including improving accuracy in recommendations, actions and conclusions as more data is received. I...

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Topics: Planning, Machine Learning, Budgeting, Business Planning, Financial Performance Management, forecasting, AI and Machine Learning


I recently wrote about the potential benefits of data mesh. As I noted, data mesh is not a product that can be acquired, or even a technical architecture that can be built. It’s an organizational and cultural approach to data ownership, access and governance. While the concept of data mesh is agnostic to the technology used to implement it, technology is clearly an enabler for data mesh. For many...

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Topics: Analytics, Business Intelligence, Data Governance, Data Integration, Data, data operations, Streaming Data Events, AI and Machine Learning


I recently described the use cases driving interest in hybrid data processing capabilities that enable analysis of data in an operational data platform without impacting operational application performance or requiring data to be extracted to an external analytic data platform. Hybrid data processing functionality is becoming increasingly attractive to aid the development of intelligent...

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Topics: Analytics, Business Intelligence, Cloud Computing, Data, Digital Technology, Analytics and Data, AI and Machine Learning


There is a fundamental flaw in information technology, or at least in the way it is most commonly delivered. Most technology systems are developed under the assumption that all people will use the system primarily in the same way. Sure, there are some options built in — perhaps the same action can be initiated by either clicking on a button, selecting a menu item or invoking a keyboard short-cut....

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Topics: Business Intelligence, Data Management, natural language processing, data operations, Analytics and Data, AI and Machine Learning


I recently described how the operational data platforms sector is in a state of flux. There are multiple trends at play, including the increasing need for hybrid and multicloud data platforms, the evolution of NoSQL database functionality and applicable use-cases, and the drivers for hybrid data processing. The past decade has seen significant change in the emergence of new vendors, data models...

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Topics: business intelligence, Analytics, Data Integration, Data, AI and Machine Learning


Organizations have been using data virtualization to collect and integrate data from various sources, and in different formats, to create a single source of truth without redundancy or overlap, thus improving and accelerating decision-making giving them a competitive advantage in the market. Our research shows that data virtualization is popular in the big data world. One-quarter (27%) of...

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


I recently wrote about the importance of data pipelines and the role they play in transporting data between the stages of data processing and analytics. Healthy data pipelines are necessary to ensure data is integrated and processed in the sequence required to generate business intelligence. The concept of the data pipeline is nothing new of course, but it is becoming increasingly important as...

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Topics: Analytics, Business Intelligence, Data Governance, Data Integration, Data, Digital Technology, Digital transformation, data lakes, data operations, Streaming Data Events, Analytics and Data, AI and Machine Learning


I have written previously that the world of data and analytics will become more and more centered around real-time, streaming data. Data is created constantly and increasingly is being collected simultaneously. Technology advances now enable organizations to process and analyze information as it is being collected to respond in real time to opportunities and threats. Not all use cases require...

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Topics: business intelligence, Analytics, Internet of Things, Data, Digital Technology, Streaming Analytics, Streaming Data Events, Analytics and Data, AI and Machine Learning


For years, maybe decades, we have heard about the struggles between IT and line-of-business functions. In this perspective, we will look at some of the data from our Analytics and Data Benchmark Research about the roles of IT and line-of-business teams in analytics and data processes. We will also look at some of the disconnects between these two groups. And, by looking at how organizations are...

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Topics: Analytics, Business Intelligence, Data, Digital Technology, Analytics and Data, AI and Machine Learning


Despite widespread and increasing use of the cloud for data and analytics workloads, it has become clear in recent years that, for most organizations, a proportion of data-processing workloads will remain on-premises in centralized data centers or distributed-edge processing infrastructure. As we recently noted, as compute and storage are distributed across a hybrid and multi-cloud architecture,...

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Topics: Analytics, Business Intelligence, Data Governance, Data, data operations, AI and Machine Learning


The various NoSQL databases have become a staple of the data platforms landscape since the term entered the IT industry lexicon in 2009 to describe a new generation of non-relational databases. While NoSQL began as a ragtag collection of loosely affiliated, open-source database projects, several commercial NoSQL database providers are now established as credible alternatives to the various...

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Topics: Analytics, Data, AI and Machine Learning


I recently described the emergence of hydroanalytic data platforms, outlining how the processes involved in generating energy from a lake or reservoir were analogous to those required to generate intelligence from a data lake. I explained how structured data processing and analytics acceleration capabilities are the equivalent of turbines, generators and transformers in a hydroelectric power...

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Topics: Analytics, Data Governance, Data, Digital Technology, data lakes, data operations, Streaming Data Events, AI and Machine Learning


The use of artificial intelligence (AI) using machine learning (ML) will be the single most important trend in business software this decade because it can multiply the investment value of such applications and provide vendors an important source of differentiation to achieve a competitive advantage in what are today very mature software categories. I assert that by 2025, almost all Office of...

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Topics: Office of Finance, embedded analytics, Data Management, Business Planning, Financial Performance Management, ERP and Continuous Accounting, AI and Machine Learning


As I stated when joining Ventana Research, the socioeconomic impacts of the pandemic and its aftereffects have highlighted more than ever the differences between organizations that can turn data into insights and are agile enough to act upon it and those that are incapable of seeing or responding to the need for change. Data-driven organizations stand to gain competitive advantage, responding...

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Topics: Analytics, Business Intelligence, Data Integration, Data, data lakes, data operations, Streaming Data Events, AI and Machine Learning


I recently described how the data platforms landscape will remain divided between analytic and operational workloads for the foreseeable future. Analytic data platforms are designed to store, manage, process and analyze data, enabling organizations to maximize data to operate with greater efficiency, while operational data platforms are designed to store, manage and process data to support...

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Topics: embedded analytics, Analytics, Business Intelligence, Data, Digital Technology, Streaming Data Events, Analytics and Data, AI and Machine Learning


Organizations of all sizes are dealing with exponentially increasing data volume and data sources, which creates challenges such as siloed information, increased technical complexities across various systems and slow reporting of important business metrics. Migrating to the cloud does not solve the problems associated with performing analytics and business intelligence on data stored in disparate...

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Topics: Analytics, Business Intelligence, Data Integration, Data, data lakes, data operations, Streaming Analytics, AI and Machine Learning


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