The Future of Planning

Infographic: “The Future of Planning”

“The Future of Planning: Tackling Changed Requirements with Comprehensive Modernization” is a BARC market research study that examines the contribution modern planning and forecasting can make to corporate management.

Based on a worldwide survey of 401 companies of various sizes and industries, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Planning Infographic

 

Data Black Holes: A BARC Study

Infographic: “Data Black Holes”

Dissolving Data Silos: Companies Need To Define a Common Data Language is a BARC market research study that examines the implications of data silos for the data-driven enterprise and offer insights into the main challenges companies are currently facing due to data silos.

Based on a worldwide survey of 318 companies of various sizes and industries, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Data Black Holes infographic

 

Analytics Unchained

Infographic: “Analytics Unchained”

Analytics Unchained: Unleash the Power of Analytics With Integrated Software is a BARC market research study that examines the use of integrated data and analytics software and analyzes the drivers for adoption and the benefits achieved from using such software.

Based on a worldwide survey of 319 companies of various sizes and industries, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Infographic - Analytics Unchained

 

Account Reconciliation and Closing cover

Infographic: “Account Reconciliation and Closing”

The BARC report Account Reconciliation and Closing – The Journey from Excel to Artificial Intelligence looks at current practices around account reconciliation and the closing process, the extent to which specialized IT solutions are used to prepare consolidated financial statements and the possibilities to improve consolidated statements.

Based on an online survey of 110 companies in the DACH region, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Account Reconciliation and Closing infographic

 

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Data, BI & Analytics Trend Monitor 2021 cover

Infographic: “Data, BI & Analytics Trend Monitor 2021”

The BARC report “Data, BI & Analytics Trend Monitor 2021” examines the importance of a number of current market trends from an end-user perspective.

Based on a survey of 2,259 data management, BI and analytics practitioners, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Data, BI & Analytics Trend Monitor 2021 infographic

 

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The Future of Analytics cover

Infographic: “The Future of Analytics”

Advanced analytics has come a long way in recent years since the hype around big data ignited. Since then, a considerable number of companies have prototyped analytics solutions and sought to operationalize them.

BARC’s study “The Future of Analytics” is based on a global survey of 317 professionals working with advanced analytics. It examines the future prospects for the development of advanced analytics in terms of its role for companies, relevant user groups, processes and technologies.

This infographic highlights 4 key findings from the survey.

Click here to find out more and download the full study.

The Future of Analytics infographic

 

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BARC analyst Timm Grosser

Briefing Insights: The Talend Business User Offensive

Timm Grosser, BARC’s Senior Analyst for Data Management, offers some takeaways from his recent briefing with Talend, creators of the Data Fabric platform.

BARC analyst Timm Grosser

Briefing Insights: Zeenea – The Adaptive Data Catalog

Timm Grosser, BARC’s Senior Analyst for Data Management, looks at Zeenea, the young and growing French data catalog software provider.

Sound Decisions in Dynamic Times cover

Infographic: “Sound Decisions in Dynamic Times – Forecasts and Simulations Support Modern Corporate Management”

Markets and competition are highly dynamic, complex and characterized by uncertainty which is currently at the forefront of everyone‘s minds. Satisfying customer needs and securing solvency both require quick decisions and decisive action.

BARC’s study “Sound Decisions in Dynamic Times” is based on a survey of 275 decision-makers worldwide. It examines how organizations are adapting and improving their corporate planning to meet these challenges.

Here, BARC offers 5 recommendations based on findings from the survey.

Find out more and download the full study.

Infographic: Dynamic Planning

 

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BARC analyst Timm Grosser

The Data Catalog – The “Yellow Pages” for Business-Relevant Data

BARC analyst Timm GrosserAn overview of data catalogs by BARC Analyst Timm Grosser, including tips on how to select the right data cataloging solution for your organization.

Data is essential for companies to keep up with the digital age. Everyone knows that by now. But it’s not so easy to extract the desired value from data and shine with innovative, data-driven business applications. Instead, we often see data chaos that has been growing for years in the form of fragmented data landscapes and distributed expert knowledge.

A hotly discussed technological approach to make knowledge of distributed data available is the data catalog, the “Yellow Pages” for business-relevant data. It stores information about data in the form of metadata and structures, and makes it searchable.

A data catalog tool achieves its usefulness primarily through three essential points:

  1. covering information needs quickly and easily
  2. capturing and curating metadata (knowledge) as efficiently (automated) as possible
  3. providing a platform for the exchange of knowledge for “all”

In addition, functions for data governance and/or data access are valuable.

Finding the right tool can be more complicated than you might expect. The market for data catalogs is anything but transparent. As with other trending areas, the range of products is exploding and we are now aware of more than 90 solutions with data cataloging functions operating worldwide. But not all data cataloging is the same. These offerings vary in focus, content, features and supported use cases. The following table provides an overview of the basic tool types for data cataloging. Basically, there are options for specific use cases (as part of a BI or analytics user tool, as part of an environment) and offerings that provide a comprehensive, independent solution (specialists, as part of a data governance (DG)/data management (DM) platform).

Pay particular attention to interfaces and transparent, open metadata models for metadata exchange with other catalogs and systems when selecting a data catalog. This offers you a number of advantages:

– You avoid vendor lock-in and can use the tool’s capabilities in a targeted manner

– You can more easily transfer catalogs from different areas or environments to a parent catalog

– It allows easier migration or integration with more powerful tools or tools with a different focus

Catalog scenario Characteristics Tool examples
…homemade Rudimentary catalog functions Excel, Confluence, Wiki, …
…as part of a BI/analytics tool Catalog functions related to the data/artifacts in the environment Alteryx, Qlik, Tableau, …
…as part of an environment Catalog functions related to technical data/artifacts in the environment Amazon, Cloudera, Google, …
…as specialist Comprehensive catalog functions related to data and partly artifacts from different tools/environments, added functionality such as data governance Alation, Waterline, Zeenea, …
…as part of a data governance/DM platform Comprehensive catalog functions related to data and partly artifacts from different tools/environments. Additional functionality from the portfolio (e.g., workflows, data quality, etc.) Collibra, Infogix, Informatica, SAP, …

Table 1: Data Cataloging tool types

When selecting a data catalog, its functions should be carefully checked. A checklist should normally include:

– Adapters and functions for metadata integration and exchange

– Supported content (e.g., supported metadata types, openness and extensibility of the metadata model)

– Functions and machine support for the maintenance (curation) of metadata

– Functions and machine support for catalog use and search/navigation/analysis of metadata

– Ease of use

– Support for collaboration

– Further data management functions (e.g., for data governance, data preparation, data quality and data protection)

We are also happy to support you directly – with our best practice experience, established process models and numerous templates – through the entire selection process from requirements gathering to the creation of a shortlist, proof of concept support and deciding which tool to use. This gives you greater decision security, saves you time and resources and provides you with a partner who can help to create a data cataloging roadmap which is both transparent and acceptable to management and relevant stakeholders.