Latest research from BARC’s analyst team

Planning Survey 18 cover

Predictive Planning The Way Forward For Corporate Planners

PRESS RELEASE – Würzburg, May 14, 2018

New BARC research finds that predictive planning is the hottest trend in the planning software tools market in terms of planned adoption rates.

The Planning Survey 18, published today, is based on a survey of 1,465 planning users, consultants and vendors from 55 countries worldwide. It features analysis and comparison of 17 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools.

The most important trending topics in terms of planned adoption in the future are ‘predictive planning’ (50%), ‘integration of strategic and operational plans’ (44%) and ‘simulation and analysis of scenarios’ (44%). ‘Mobile BI/planning’, ‘planning in the cloud’ and ‘value driver-based planning’ trail some way behind (see Figure 1).

Next level of planning maturity
Advanced planning topics such as predictive planning, integrating long-term strategic planning with short-term operational planning and simulation/analysis of scenarios are gaining in importance as many companies strive to achieve the next level in planning maturity. Software vendors are also reacting to trends in the market, which propels these topics even further.

A better quality of extrapolations and simulations, the relief of planners through automated processes and easier identification and evaluation of drivers are the top three benefits companies expect from predictive planning and forecasting.

Christian Fuchs, head of BARC’s analytics and data management practice, said: “Artificial intelligence and predictive technologies are major current trends in almost all areas of the IT market so companies are naturally keen to exploit their potential in the area of planning and budgeting. In terms of automation, predictive planning does not have to replace human planners but can relieve them by calculating proposals for plan values that they can then adapt. In this way, planners stay involved in planning processes but are spared some of the routine tasks. The goal of predictive planning is to support rather than replace human planners.”

Planning Survey 18 press release figure 1Figure 1: Which of the following does your company do/use with your product for planning and budgeting? (n=856)

Buyers want flexibility and functionality
Flexibility and planning-specific functionality are the two main reasons why companies buy their planning products (see Figure 2). The third most popular reason is ‘coverage of reporting/analysis requirements’, showing that many companies are aware of the fact that the integration of planning with reporting, analysis and dashboards is a vital element in effective planning and therefore has to be considered in the software selection process.

Vendor-related reasons such as ‘good vendor relationship’ (8%), ‘corporate standard’ (10%), ‘size and financial stability of the vendor’ (10%) and ‘vendor or product reputation’ (13%) are now of minor importance for most companies selecting a planning product.

Planning Survey 18 press release figure 1Figure 2: Why was your product chosen? Specialized planning products (n=808) vs. Excel (n=171)

Excel still popular despite its limitations
Excel, which remains a widely used product for planning and BI all over the world, is rarely evaluated in a formal software selection process but is often chosen because it is available and users are already comfortable working with spreadsheets. Price-performance ratio is the top reason why companies choose Excel as their planning product (54%, see Figure 2) because in most cases it is already installed so no additional licenses need to be purchased. However, only 54% of users are satisfied with Excel as a planning tool, compared to 83% of users of specialized planning products (see Figure 3).

Planning Survey 18 press release figure 1

Figure 3: To what degree are you satisfied with your planning tool? Specialized planning products (854) vs. Excel (n=175)

“It is encouraging to find that many organizations are now choosing their planning tools for genuine product-related reasons such as flexibility and functionality instead of giving too much regard to vendor size or pre-existing supplier relationships,” said Christian Fuchs. “However, while it is true that Excel is already available in most companies so could be considered a cheap option, our experience tells us the increase in manual effort and problems with various aspects of planning that come hand-in-hand with Excel usually lead to higher total costs in the end.”

About the study
The Planning Survey 18 is the fourth edition of BARC’s major annual study into the selection and use of planning tools. The findings are based on a worldwide survey of nearly 1,500 planning users, consultants and vendors, which was conducted from November 2017 to February 2018. It features analysis and comparison of 17 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools. The survey raised € 1,500 in aid of UNICEF as part of BARC’s pledge to give € 1 per survey completion to charity.

For more information, visit:
https://bi-survey.com/planning-survey-about

For aggregated product-related results and an online product comparison tool, visit:
https://bi-survey.com/planning-software-comparison

About BARC – Business Application Research Center – a CXP Group Company
The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on analytics/business intelligence (BI), data management, enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, data management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, visit www.barc-research.com/.

For all enquiries, please contact:

Mark Handford
Research Analyst
Tel: +44 (0)1536 772 451
Email: mhandford@barc-research.com

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

GDPR Study

Companies Turn To Data Management Technology To Ensure GDPR Compliance

PRESS RELEASE – LONDON, April 30, 2018

A new BARC/CXP Group study finds that organisations are looking to use the onset of the General Data Protection Regulation (GDPR) to make better use of their data.

The report “Managing Personal Data Beyond The GDPR” is based on briefings with more than 200 senior business and IT executives at medium-sized and large companies operating across manufacturing, services and the public sector in Europe.

57% of those surveyed plan to acquire data integration tools; 49% are looking to invest in data quality, including technologies for master data management and reporting; and 47% are evaluating technology to enhance their data governance to achieve data transparency and enable auditing.

What data management technologies are you planning to invest in following your GDPR assessment

Figure 1: What data management technologies are you planning to invest in (following your GDPR assessment)?

Readiness
Only 19% of respondents believe their organisations will be fully ready for GDPR before the introduction date on 25th May, having completed and tested their preparations. The United Kingdom (67%) sees itself as the most GDPR-ready region while the traditionally data-sensitive DACH region (Germany, Austria and Switzerland) is the least ready at 54%. Manufacturing is the best prepared of all vertical sectors. With only two months to go when the survey was conducted, 60% were still confident they would be ready in time, while nearly one in three said they won’t be. 

Organisational issues
47% of respondents said that organisational issues are likely to be the biggest hurdle to GDPR readiness. A perceived lack of experience was second – but this is not surprising given the newness and scope of dealing with increasing amounts of data while attempting to meet the GDPR requirements.

Benefits of GDPR
Many of the companies surveyed strongly agree that GDPR will bring benefits to their business in the way their customer data is used. The most frequently anticipated benefit is faster cleansing of data and a consequent rise in data quality at 36%. Other benefits expected are better decisions in business units and controlling due to more reliable data (33%); making data more rapidly actionable and valuable (30%); providing better customer knowledge and marketing (28%); and accelerated development of new digital products and services (28%). Only 1% of participants feel that GDPR will have no impact on their use of customer data.

Timm Grosser, head of data management and analytics consulting at BARC, said: “GDPR is looming but for many there is still a lot of work to do. Our survey participants recognise this and many realise that efficient data management is key to meeting GDPR requirements such as data protection, locating data and responding to customer requests. In turn, GDPR presents new opportunities for organisations to gain value from their data. Data management is required to control, curate, use and protect this next-generation asset: data.”

About the study
“Managing Personal Data Beyond The GDPR – How will European organisations remain compliant and manage their data in the next five years?” is based on a survey conducted in Europe in January and February 2018, and has been published today. More than 200 companies with over 250 employees in the United Kingdom and Ireland, France, the DACH region, Southern and Eastern Europe as well as the Nordic and Benelux regions were surveyed by telephone (CATI). The study was prepared in the multi-client model and supported by gold sponsors Ab Initio and Talend.

Related reading
– More information about the study
Register to download the executive summary of the study
Infographic
– Please contact the sponsors (Ab Initio or Talend) if you wish to receive a full version of the study

About BARC – Business Application Research Center – a CXP Group Company
The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on analytics/business intelligence (BI), data management, enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, data management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, visit www.barc-research.com/.

For all enquiries, please contact:

Nikolai Janoschek
Research Analyst
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

GDPR Study

Infographic: Managing Personal Data Beyond The GDPR

‘Managing Personal Data Beyond The GDPR’ is a survey-based study published by BARC in April 2018.

We asked 200 CXO-level business and technology decision-makers across Europe about their preparations for GDPR and the impact they expected the new legislation would have on their organisations.

The infographic below reveals some of the headline results from the survey including:

  • Overall readiness for GDPR
  • The obstacles encountered in becoming compliant with GDPR
  • The data management technologies being investing in to meet GDPR requirements
  • The extra resources being put in place
  • Improvements expected following GDPR compliance
  • The anticipated benefits of GDPR compliance

Click here to find out more and register to download the executive summary.

GDPR infographic

Click here to find out more and register to download the executive summary.

BI Trend Monitor 2018 inforgraphic

Master Data and Data Quality Management Now the #1 Trend in BI

PRESS RELEASE – WÜRZBURG, November 14, 2017
The Business Application Research Center (BARC) publishes BI Trend Monitor 2018, a comprehensive review of the trends dominating today’s global business intelligence (BI) market, at its annual BARC Congress this week.

For the first time, BI users and practitioners identify master data / data quality management as the #1 trend in the business intelligence (BI) industry at the moment. In third position last year, this trend now occupies the top spot ahead of data discovery / visualization and self-service BI.

“The prominence of master data / data quality management sends a strong message”, said Carsten Bange, CEO of BARC. “While topics like data discovery, visualization and self-service BI are much hyped and highly appealing to business users, they are nothing without a solid foundation of data. A properly resourced, well organized and continuous program of data integration and data quality is a must for any data-driven organization. If you don’t have trust in the underlying data, your company’s reporting systems, and ultimately decision-making, are effectively based on quicksand.”

BI trends on the rise

BARC’s BI Trend Monitor is based on a survey of more than 2,700 BI professionals about the importance of BI trends in their daily work. Trends ranking higher now compared to previous years include data governance, real-time analytics, collaboration and using external/open data. Data preparation for business users has also enjoyed a particularly sharp rise in popularity, and its relevance is recognized quite evenly across all industries and company sizes. However, North American companies have been much quicker to adopt this trend than their European counterparts.

BI Trend Monitor chart

Figure 1: Changes in rankings of selected BI trends, 2015-2017
Source: BARC BI Trend Monitor 2018 (n = 2794/2770)

Cloud BI adoption remains low

Despite the general popularity of running business applications in the cloud, it seems that organizations are not rushing to deploy BI in cloud environments. This is especially true of companies in Europe, while there is greater acceptance in the Americas and especially the Asia Pacific region. “Cloud BI has a lot going for it”, said Carsten Bange. “Its functional capabilities are becoming similar to corresponding on-premises products, its flexibility to cope with changes is higher and the administrative burden on local IT departments is certainly reduced. However, our consulting experience in Europe tells us it is not the attractiveness of the platforms that deters organizations from moving their BI landscapes into the cloud, but legal, security and privacy concerns, a lack of knowledge about how to set up and run cloud BI solutions, a lack of trust in the vendors or their viability, and the desire to keep company data under their own control.” 

About BI Trend Monitor 2018

Based on data from a worldwide survey of 2,770 BI professionals, BI Trend Monitor is BARC’s annual assessment of the twenty most talked-about trends in the BI software market. Each trend is evaluated by region, industry and according to the self-assessment of participating companies (“Best-in-Class” vs. “Laggards”). For further information and to download the full report, click here or visit https://bi-survey.com/top-business-intelligence-trends

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on analytics/business intelligence (BI), data management, enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, data management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries.

For all enquiries, please contact:

Nikolai Janoschek
Research Analyst
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

BI Trend Monitor 2018 inforgraphic

BI Trend Monitor 2018 Infographic: The Evolution of Trends

BI Trend Monitor 2018 examines the trends currently shaping the business intelligence and data management market.

We asked 2,770 users, consultants and vendors for their views on the most important BI trends. Their responses reveal a comprehensive picture of regional, company and industry specific differences and bring an up-to-date perspective on the BI market and the trends that are driving it forwards.

The infographic below reveals how the importance of 20 BI trends has evolved since we published the first edition of BI Trend Monitor back in 2015.

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

BI Trend Monitor Infographic

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

BI Survey 17 chart image

The Business Intelligence Industry Continues Its Ongoing Empowerment of Business Users

PRESS RELEASE – WÜRZBURG, October 18th, 2017
According to The BI Survey 17, published this week by The Business Application Research Center (BARC), the trend for self-service and the empowerment of non-technical users continues its rise. The BI Survey is the world’s largest annual survey of business intelligence (BI) software users. It measures trends and provides a detailed comparison of over 40 of the leading products on the market. For more information, visit www.bi-survey.com

Empowerment of business users

Data discovery and self-service BI tools, which are both aimed at non-technical business users, continue to be the dominant user trends this year. 2017 also witnessed a sharp upturn in the adoption of collaborative functionality, which is currently the fastest growing trend in BI.

“The widespread use of social networks and instant messaging in personal computing has played its part here”, said Carsten Bange, founder and CEO of BARC. “It has led the way in showing how effectively people can collaborate on these platforms, as well as directly influencing the development of collaborative BI functionality. The proportion of employees using BI products in organizations has also been steadily rising in recent years, which makes effective collaboration all the more important”

BI trends 2011 to 2017

Figure 1: Use of BI Trends (Timeline)

Vendor trends vs. user trends

 The BI Survey compares the current level of usage of several trending BI use cases with what the software vendors believe to be the present level of adoption. Vendors believe trends such as mobile BI, cloud BI, embedded BI and location analysis are far more prevalent than current usage statistics indicate. Conversely, data preparation is a “user led” trend: vendors are unaware of the full extent to which it has been adopted by users.

BI trends in 2017, vendors vs users

Figure 2: What vendors say their customers do with their BI products vs. what companies say they do with them

Qlik, Tableau and Microsoft: the most frequently evaluated vendors

 When organizations choose their BI solutions, Qlik, Tableau and Microsoft are the three most frequently evaluated vendors. The BI pure plays Qlik and Tableau have been strong in the market for a while but Microsoft’s appearance in the top three represents something of a resurgence over the last two years. This coincides with the 2015 introduction of its new generation of the Power BI product line.

Low recommendation rate for BI solutions

Only 52% of BI users say they would definitely recommend their solution to others. This is a rather sad reflection on the BI market at the moment, especially on some of the large multinational, generalist vendors for whom recommendation rates are especially low. Although they may be viewed as a safer investment, it seems users are readier to recommend products from smaller, specialist vendors.

 About The BI Survey

 The BI Survey is BARC’s annual survey-based study into the BI software market. It is based on user opinion about software selection, implementation and usage from over 3,000 BI professionals worldwide. Detailed feedback on 42 BI products is analyzed and compared. Visit https://bi-survey.com/business-intelligence-software-comparison to perform interactive, high-level product comparisons.

The BI Survey 17 is written by analysts from BARC and Eckerson Group.

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, Data Management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, please visit www.barc-research.com, www.bi-survey.com or www.barc.de (in German).

For further information or media enquiries, please contact:

Nikolai Janoschek
Research Analyst
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

BARC Score

“BARC Score Advanced Analytics Platforms” Presents a Direct Comparison of Twelve International Providers

PRESS RELEASE – WÜRZBURG, October 5th, 2017
In BARC Score Advanced Analytics Platforms, the Business Application Research Center (BARC) analyzes and rates twelve global providers for the first time on the basis of detailed product and market-related criteria. In addition to well-known providers, some interesting solutions from lesser-known players are assessed.

BARC Score Advanced Analytics 2017 example chart

Figure 1: Positioning of providers in the BARC Score Advanced Analytics Platforms

Topical focus areas

BARC Score Advanced Analytics Platforms shows that most advanced analytics providers are addressing certain topics, such as the integration of open-source solutions including R, Python, H2O and MLlib, the operationalization of advanced analytics models, the integration of deep-learning algorithms and cognitive APIs, as well as developing special solutions for users in business departments.

Twelve vendors evaluated

In the Dominators group, IBM and SAS have broken away from the pack and offer very good solutions for several of the aforementioned areas while consistently developing their portfolio in this direction in recent years. Microsoft is rated as a Market Leader. The provider acquired Revolution Analytics, the special R implementation, around two years ago and has now integrated it into SQL Server.

The Challengers segment contains Alteryx, FICO, KNIME, RapidMiner, SAP and TIBCO. TIBCO has strengthened in recent months with the acquisition of Statistica, a mature data science platform. Meanwhile Alteryx has gained functionality in the area of Python integration and the operationalization of advanced analytics solutions through its purchase of Yhat. As a new solution, FICO offers the Analytics Workbench which, in addition to interesting data processing functions, offers Jupyter notebook integration. KNIME has mainly strengthened its portfolio around the area of model management and solutions for citizen data scientists, and with Predictive Factory, SAP offers a web-based solution for the management of advanced analytics models.

The Specialists segment features Dataiku, Hitachi (Pentaho) and Information Builders. Dataiku is a new solution and provides very good integration with open-source software. Hitachi (Pentaho) is based on the tried-and-tested Weka and offers extensive possibilities for the integration of open-source libraries. Information Builders provides a graphic interface for R libraries, which is integrated directly into WebFOCUS and also opens up the possibility of translating models for operationalization into C code.

“Many companies have experimented extensively with advanced analytics and are now faced with the concrete task of operationalizing advanced analyses to bring benefits”, says Dr. Sebastian Derwisch, a data scientist at BARC. “It can be challenging to find a comprehensive overview of the heterogeneous market for advanced analytics platforms and to establish which providers meet the particular requirements of a buying organization. This is where BARC’s expertise in advanced analytics technologies and detailed knowledge of the relevant software providers can provide guidance. BARC Score Advanced Analytics Platforms evaluates each individual manufacturer, and with the BARC Score graphic, it summarizes their current market positions and portfolio ranges.”

Provider selection and evaluation criteria

A number of technical and commercial criteria are used as a basis for the inclusion of a provider in this BARC Score. For example, a vendor’s portfolio must support the entire analytical cycle and include graphic modeling of advanced analytics models. The software must provide methods for unsupervised and supervised learning as well as time series analysis. Also, it must be developed and maintained by the provider, must not be tied to specific (database) technology, and must achieve an annual revenue from licenses and maintenance of at least 1 million euros with significant business in at least two regions of the world.

Each vendor is classified in one of the following five categories on the chart: Dominators, Market Leaders, Challengers, Specialists and Entrants. For more information on BARC Score and the methodology behind it, click here.

The complete BARC Score report, which includes an overview of each of the twelve providers including their strengths and weaknesses, can be purchased from BARC. Further information on the BARC Score Advanced Analytics Platforms can be found at:
http://barc-research.com/barc-score/advanced-analytics/

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, Data Management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, please visit www.barc-research.com, www.bi-survey.com or www.barc.de (in German).

For further information or queries, please contact:

Dr. Sebastian Derwisch
Data Scientist
Phone: +49 (0) 931 880651-0
Email: sderwisch@barc.de

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

BARC Score

BARC Score Enterprise BI and Analytics Platforms: A Direct Comparison of Modern Enterprise BI Platform Providers

PRESS RELEASE – WÜRZBURG, September 22nd, 2017
The Business Application Research Center (BARC) has published the third edition of BARC Score Enterprise BI and Analytics Platforms. The independent consulting and analyst firm ranks twenty market-relevant, international providers of business intelligence (BI) and analytics platforms based on an extensive list of criteria, as well as user feedback.

BARC Score Enterprise BI 2017 chart

Figure 1: Positioning of providers in the BARC Score Enterprise BI and Analytics Platforms

Growth among the market leaders

Several changes in the BI market over the last twelve months are reflected in this year’s BARC Score. Microsoft Power BI makes the biggest move this year, joining the Market Leaders segment for the first time. Microsoft’s suite of analytics tools has shaken up the BI market since its launch in 2015 and BARC’s research shows it was one of the most frequently evaluated BI platforms in 2016/17. Providers such as IBM, Information Builders, MicroStrategy, Oracle, Qlik and SAP have introduced functional improvements since last year and all hold on to their positions in the Market Leaders segment in 2017.

Consolidation in the field of challengers

At the beginning of 2017, Infor’s acquisition of BIRST caused a significant shift in the market. The combined portfolio of these two companies is evaluated together this year. The takeover of Statistica was a crucial part of TIBCO’s analytics strategy, but it only had a minor impact on TIBCO’s ranking this year. BOARD, OpenText, Tableau and TARGIT have made progress over the last year thanks to improvements in their strategies and/or products. Meanwhile, SAS continues to reinforce its status as a strong provider in the BI market, especially in the area of analytics, and is currently working on new products and improvements to the Viya platform.

Hitachi (Pentaho) has made the leap to the Challengers segment thanks to its increased use in ‘big data’ environments. Dundas, mainly prevalent in the North American market and a newcomer in this year’s BARC Score, is also well placed in the Challengers segment. This segment also includes Yellowfin and Pyramid Analytics, who both offer good approaches to analytics but still have a relatively low level of recognition. Finally, Sisense and Dimensional Insight are placed in the Specialists segment. Both vendors offer interesting solutions for selected usage scenarios.

“With more than 400 providers of BI tools active in the German market alone, enterprises often struggle to identify strong BI platforms that match their needs. BARC Score Enterprise BI and Analytics Platforms offers valuable support in this regard”, said Larissa Seidler, Senior Business Intelligence Analyst at BARC. “Next year, it will be interesting to see how some of the providers integrate their acquisitions and further develop the functions of their newly released products.”

Provider selection and evaluation criteria

Providers must fulfill a number of technical and commercial criteria to be included in BARC Score Enterprise BI and Analytics Platforms. They must cover four of the following six product categories – formatted and ad hoc reporting, dashboarding, analysis, data mining, planning and self-service BI / data discovery – and achieve annual license and maintenance revenues in excess of 15 million euros in at least two of the following regions – EMEA, North America, Latin America and Asia/Pacific. Open source providers are evaluated according to their total revenue as they do not usually charge license fees.

BARC analysts rate each provider on its “portfolio capabilities” and “market execution”, which are based on a set of detailed, weighted criteria. Taken together, these criteria determine the placement of each provider in the BARC Score chart, which offers a quick overview of the global enterprise BI and analytics platforms market. Each vendor is classified in one of the following five categories on the chart: Dominators, Market Leaders, Challengers, Specialists and Entrants. For more information on BARC Score and the methodology behind it, click here.

The complete BARC Score document, which includes a comprehensive characterization of each provider including their strengths and weaknesses, can be purchased from BARC. For more information on BARC Score Enterprise BI and Analytics Platforms, visit: www.barc-research.com/bi-score

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, Data Management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, please visit www.barc-research.com, www.bi-survey.com or www.barc.de (in German).

For further information or queries, please contact:

Larissa Seidler
Senior Analyst BI
Phone: +49 (0) 931 880651-0
Email: lseidler@barc.de

Wiebke Lörcher
Communications and Marketing Manager
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

Data Preparation Survey cover

Data Preparation: BARC Survey Highlights Skills Shortage and Lack of Management Buy-In

Wuerzburg, 4th July 2017: The Business Application Research Center (BARC) announces the publication of  “Data Preparation – Refining Raw Data into Value”, a report into the current use of data preparation tools and the benefits and challenges they present. The study was based on an independent survey of over 695 business intelligence (BI) professionals from a range of industries worldwide, making it one of the most far-reaching studies to examine this emerging aspect of data management.

The increasing digitalization of business processes is making it necessary for companies to enable as many users as possible to gain insights from data. Many companies today view data preparation as the key to increasing their ability to efficiently use data in a distributed manner to optimize business processes, or to enabling new, innovative business models in the first place.

In today’s economy, achieving efficient and agile data preparation is of utmost importance. Increasingly volatile and saturated markets create a complex business environment where the ability to differentiate by leveraging the power of analytics is vital. Organizations struggle to keep up with the demand for data for analytics to gain insight into changing market conditions. The pressure on analytical landscapes to provide data for in-depth analysis is high and addressing these needs requires skilled personnel and a modern approach to data preparation.

Data preparation needs to be deeply and extensively embedded in the organization

According to the survey results, a lack of knowledge and budget are among the main obstacles to setting up data preparation initiatives. The ability to gain valuable insights from data through efficient and largely independent data preparation in business departments is currently seen as patchy. Therefore, there is an urgent need for training and coaching in order to be able to implement sophisticated digitalization strategies. To do this, management needs to allocate dedicated resources and budgets.

“As with many aspects of data management, data preparation cannot be done in passing,” said Timm Grosser, Senior Analyst at BARC and co-author of the report. “It has to be viewed as a valuable step in the process of creating value from data: not a one-off project that can be outsourced and completed externally, but an ongoing endeavor that requires a high degree of competence. Any organization that is serious about data preparation must look to acquire and nurture know-how and skills.”

Data Preparation survey figure 1

Figure 1: In your company, what problems do you face when using data preparation? (n=647)

Data preparation initiatives should involve both IT and business departments

The companies achieving the greatest benefit and highest satisfaction with data preparation are those that have made it a shared task between IT and business departments. In these cases, users with a strong sense of the business are able to prepare data independently in the main, but with the support of technical experts who ensure compliance with standards. This enables business problems to be answered quickly when they arise. Developed solutions are then automated by technical specialists and made available to a wider audience. This can prevent the formation of separate solutions and silos caused by the isolated preparation of data.

Seven ‘hot spots’ of data preparation

The key findings from “Data Preparation – Refining Raw Data into Value” are condensed into seven “hot spots”, designed to help organizations optimize their approach to – and achieve the maximum benefits from – data preparation.

The full study, “Data Preparation – Refining Raw Data into Value”, is available free of charge thanks to sponsorship from Denodo, MicroStrategy, SAS, Tableau and TimeXtender.

For more information and to download the report visit:
www.barc-research.com/data-preparation

To see an infographic highlighting some of the report’s key findings, visit:
www.barc-research.com/data-preparation-infographic

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Business Intelligence (BI)/Analytics and Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, Data Management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For more information, please visit: www.barc-research.comwww.bi-survey.com and www.barc.de.

For further information or enquiries, please contact:

Nikolai Janoschek
Research Analyst
Phone: +49 931 880 651-59
Email: njanoschek@barc.de

Wiebke Lörcher
Communications and Marketing Manager
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com

Data Preparation Survey cover

Data Preparation – Refining Raw Data into Value: Infographic

BARC’s “Data Preparation – Refining Raw Data into Value” study examines the drivers, use cases, benefits and challenges of data preparation. This infographic presents some of the key findings from the survey-based study.

 

Data Preparation infographic

Click here to find out more about “Data Preparation – Refining Raw Data into Value”, a 2017 study by BARC.