Analyst Perspectives

Increased enterprise focus on artificial intelligence (AI) and generative AI (GenAI) has served to sharpen the focus on the need for trusted data and reliable analytics and data operations. The ISG State of Generative AI Market Report highlighted that elevated expectations and demands associated with AI are a forcing function for enterprises to take long-overdue steps to improve data and analytics processes to ensure that data that is clean, well-organized and compliant with regulatory...

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Topics: Analytics, AI, data operations, AI & Machine Learning, Analytics & Data, Generative AI, Machine Learning Operations

As enterprises seek to expand and accelerate the adoption of artificial intelligence (AI) many are finding that longstanding analytics and data challenges are a barrier to success. As was explained in ISG’s State of Generative AI Market Report, AI requires data that is clean, well-organized and compliant with regulatory standards. The need for good data management is by no means new, but the expectations and demands associated with AI are a forcing function for enterprises to take long-overdue...

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Topics: Machine Learning, Analytics, Data, Artificial intelligence, natural language processing, Generative AI, Data Intelligence, Machine Learning Operations

Late 2024 saw the publication of the 2024 ISG Buyers Guides for DataOps, providing an assessment of 49 software providers offering products used by data engineers, data scientists, and data and AI professionals to facilitate the use of data for analytics and AI needs. The DataOps Buyers Guide research includes five reports which are focused on overall DataOps, Data Observability, Data Orchestration, Data Pipelines and Data Products. This is the first time in the industry when all software...

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Topics: Analytics, data operations, AI & Machine Learning, Analytics & Data, Data Intelligence

It is now more than two years since the launch of ChatGPT introduced the world to generative AI (GenAI) and large language models (LLMs). GenAI-based assistants and co-pilots are now widely adopted, with individuals and enterprises adopting GenAI models to automate the generation of text, digital images, audio, video and code, amongst other things.

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Topics: Analytics, AI, AI & Machine Learning, Generative AI, Analytics and Data

Databricks recently announced its Series J funding round, successfully raising $10 billion at a valuation of $62 billion. Led by Thrive Capital alongside high-profile investors such as Andreessen Horowitz and Insight Partners, the company intends to invest this capital towards new artificial intelligence (AI) products, acquisitions and significant expansion of its international operations. In the announcement, Databricks reported that it expects to achieve an annual revenue run rate of $3...

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Topics: Analytics, AI, AI & Machine Learning, data platforms, Model Building and Large Language Models, Data Intelligence, Analytics and Data

The degree to which data platforms are critical to efficient business operations cannot be overstated. Without data platforms, enterprises would be reliant on a combination of paper records, time-consuming manual processes and huge libraries of physical files to record, process and store business information. The extent to which that is unthinkable highlights the level at which today’s enterprises and society as a whole rely on data platforms. The core persistence, management, processing and...

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Topics: Analytics, AI & Machine Learning, data platforms, Analytics and Data

I recently completed the latest edition of our Business Planning Buyers Guide, which reviews and assesses the offerings of 14 providers of this software. One of the points that I look at is whether and to what extent the software provider offers out-of-the-box external data useful for forecasting, planning, analysis and evaluation. What I discovered is that the availability of this type of vital information is exceedingly slim.

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Topics: Office of Finance, Analytics, Business Planning, digital finance, AI & Machine Learning, Generative AI

When considered at all, unintended consequences are expected to be negative. As enterprises and institutions rush to adopt artificial intelligence and generative AI, the focus is on the potentially unforeseenand unforecastableunfavorable outcomes. However, one very likely positive impact of AI investments in business computing is the near-effortless availability of consistently reliable data for whatever task is at hand. This is coming about because of the need to have large, relevant data...

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Topics: Office of Finance, Analytics, Business Planning, digital finance

Artificial Intelligence and generative AI are beginning to change how enterprises do many things, especially planning and budgeting. This technology has the potential to significantly redefine the mission of the financial planning and analysis group. It will do so by substantially reducing the time spent on the purely mechanical aspects of day-to-day tasks. AI is also making it easier for executives and managers to rapidly forecast, plan and analyze to promote deeper situational awareness and...

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Topics: Office of Finance, Analytics, Business Planning, Workforce Management, digital finance, Revenue Management, AI and Machine Learning

As I explained in our recent Buyers Guide for Data Platforms, the popularization of generative artificial intelligence (GenAI) has had a significant impact on the requirements for data platforms in the last 18 months. While there is an ongoing need for data platforms to support data warehousing workloads involving analytic reports and dashboards, there is increasing demand for analytic data platform providers to add dedicated functionality for data engineering, including the development,...

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Topics: Analytics, natural language processing, data platforms, Generative AI, AI and Machine Learning, Model Building and Large Language Models, Machine Learning Operations
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