state and trends of the analytics market by jose fernandez
TRANSCRIPT
THE STATE & TRENDS OF THE
ANALYTICS MARKET
ANALYTICS & INSIGHTS BY JOSE FERNANDEZ, 2016
1
"Four analytics trends to watch in 2016" ITProPortal, 2016
DATA GRAVITY WILL PULL
ANALYTICS TO THE CLOUD
2
"The Future of Analytics Leadership" Gartner, 2016.
ANALYTICS IS NOT ONLY ABOUT
REPORTING ANYMORE
3
"Gartner Says Power Shift in BI and Analytics Will Fuel Disruption" Gartner, 2015
MOST BUSINESS USERS AND
ANALYSTS WILL BE ABLE TO
ACCESS SELF-SERVICE TOOLS
THAT PREPARE DATA FOR ANALYSIS
BY 2017
4
"IT Industry Outlook 2016" CompTIA, 2016
CLOUD IS THE NEW ELECTRICITY &
THERE IS RENEWED INTEREST IN
GAINING INSIGHTS FROM BIG DATA &
MAKING DATA-BASED DECISIONS
5
"Operationalizing and Embedding Analytics for Action" TDWI, 2015.
ONLY 20% OF ORGANIZATIONS ARE
ABLE TO DEPLOY AMODEL INTO
OPERATIONAL USE IN LESS THAN 2
WEEKS
20
%
6
"Five top priorities for CIOs in 2016" ZDNet, 2015
THE BIGGEST TALENT GAPS FOR
INFORMATION TECHNOLOGY ARE IN
2016 AROUND BIG DATA & BUSINESS
KNOWLEDGE
7
"Four analytics trends to watch in 2016" ITProPortal, 2016
SELF-SERVICE DATA PREPARATION
WILL REPRESENT 9.7% OF THE GLOBAL
REVENUE OPPORTUNITY OF THE
BUSINESS INTELLIGENCE MARKET BY
2019
8
"A recipe for the modern data scientist" Information Age, 2015.
INDUSTRY WILL NEED AT LEAST
190,000 MORE WORKERS WITH
ANALYTICS EXPERTISE & 1.5 MILLION
MORE DATA-SAVVY MANAGERS BY
2018 IN THE US ALONE
9
“Why Don’t Buyers Want To Meet With Your Salespeople?“ Forrester anlayst Mark Lindwall, 2014.
EXECUTIVE BUYERS FIND THAT 77%
OF THE SALESPEOPLE THEY MEET
WITH, DON‘T UNDERSTAND THEIR
ISSUES AND WHERE THEY
CAN HELP
"User Experience, Talent and Analytics among CIO Priorities for 2016" CIO Journal Staff, 2015.
USER EXPERIENCE, TALENT & BIG
DATA ANALYTICS TOPTHE CIO
AGENDA FOR 2016
11
"5 Best Practices for Designing Data-Driven Applications" OpenText, 2014.
TO UNDERSTAND THE CUSTOMER
JOURNEY AND HOW TO USE IT TO
DELIVER RELEVANT DATA IS A KEY
BUSINESS DIFFERENTIATOR
12
“The case for behavioral strategy“ McKinsey & Company, 2010.
28
%
ONLY 28% OF EXECUTIVES
BELIEVES THAT THE QUALITY OF
STRATEGIC DECISIONS IN THEIR
COMPANIES IS GENERALLY GOOD
13
"10 predictions for the IT Job Market in 2016" TechRepublic , 2015.
BIG DATA BECOMES BIGGER DATA,
INCREASING THE NEED FOR
ENGINEERS WHO SPECIALIZE IN
MASSIVE DATABASES
14
"5 data analytics trends to watch in 2016" VentureBeat, 2015.
THE NEED TO MANAGE, MONITOR,
AND TROUBLESHOOT APPLICATIONS
IN REAL-TIME HAS NEVER BEEN
MORE CRITICAL
15
"Forecast 2016: Essential data points for the tech year ahead" Computerworld, 2015.
BUSINESS ANALYTICS WILL BE A
TOP 5 PRIORITY FOR
INFORMATION TECHNOLOGY IN
2016
16
"Five top priorities for CIOs in 2016" ZDNet, 2015.
CIOS WILL NEED TO FOCUS ON
BUILDING PLATFORMS TO SUPPORT
ALGORITHMIC BUSINESS IN 2006
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"Emerging Technologies For Business Intelligence, Analytics, and Data Warehousing" TDWI, 2015
55% OF THE COMPANIES ARE
ALREADY USING SELF-SERVICE
BUSINESS INTELLIGENCE & 29% ARE
PLANNING TO USE IT WITHIN 3 YEARS
18
"Emerging Technologies For Business Intelligence, Analytics, and Data Warehousing" TDWI, 2015
49% OF THE COMPANIES ARE
ALREADY USING PREDICITVE
ANALYTICS &
37% ARE PLANNING TO USE IT WITHIN
3 YEARS
19
"First 100 Days of a Chief Data Officer" Gartner, 2016
90% OF LARGE ORGANIZATIONS
WILL HAVE A CDO OR CHIEF DATA
OFFICER
BY 2019
20
“The Internet of Things & Business Intelligence Study“ Dresner Advisory Services, 2015.
89
%
89% OF DATA PROFESSIONALS
THINK PREDICTIVE ANALYTICS
WILL PLAY AN IMPORTANT PART
WITHIN INTERNET OF THINGS
21
"The State of Marketing Analytics" VentureBeat, 2015.
67
%
67% OF MARKETING ANALYTICSPROFESSIONALS LEVERAGE BIG
DATA AS VERY OR CRITICAL
IMPORTANT
22
“Embedded Business Intelligence Market Study“ Dresner Advisory Services, 2015.
95% OF ORGANIZATIONS WANT END
USERS TO BE ABLE TO MANAGE
THEIR DATA BUT ONLY 15% SAY
THEY AREHIGHLY EFFECTIVE AT
DOING THIS
23
"Global Technology and Industry Research Organization Survey" IDC, 2014
71% OF IT DECISION MAKERS ARE
USING, PLANNING, OR
RESEARCHING CLOUD SOLUTIONS
24
“Embedded Business Intelligence Market Study“ Dresner Advisory Services, 2015.
81
%
81% OF BUSINESSES AGREE IN THE
IMPORTANCE OF EMBEDDED BI
WITH 1 IN 4 CONSIDERING IT
CRITICAL
25
INDUSTRY CASES
26
"Docs dissatisfied with their EHR systems" Modern Healthcare, 2015
MORE DOCTORS THAN BEFORE
AGREE EHRS ARE NEGATIVE
INFLUENCES IN THE QUALITY OF
THEIR HEALTHCARE:
FROM 5% IN 2012 TO 12% TODAY
27
"The Necessity of a Value Chain Model for Health Analytics" Chilmark Research, 2016.
HEALTHCARE FOCUS LARGELY IF NOT
ENTIRELY ON CLINICAL DATA WHEN
SOCIAL, ENVIRONMENTAL &
BEHAVIORAL FACTORS COMPRISE
UP TO 90% OF A PATIENT’S
DETERMINANTS OF HEALTH
90
%
28
"Can Big Data Analytics Save Billions in Healthcare Costs?" Forbes, 2016.
BIG DATA ANALYTICS ENABLE
MORE THAN $300 BILLION IN
SAVINGS PER YEAR IN U.S.
HEALTHCARE ALONE
29
"Retail Analytics Market / Global Forecast and Analysis to 2020" Research and Markets, 2015.
RETAIL ANALYTICS MARKET IS
ESTIMATED TO GROW FROM 2.2
BILLION TO 5.1 BILLION IN 5 YEARS
30
"Scotiabank embraces analytics as it shifts to data-driven strategy" The Globe and Mail, 2016
DATA IS GOING TO DEFINE BANKING
IN THE NEXT FIVE TO TEN YEARS
$
31
"Customer Analytics at the Grid Edge" GTM Research, 2015
US UTILITIES INVESTMENT IN
CUSTOMER ANALYTICS IS INCREASING
FROM LESS THAN $300 MILLION THIS
YEAR TO MORE THAN $1 BILLION BY
2018
32
"Story Of A War Foretold: Why We're Fighting ISIS" MintPress News2014.
PREDICTIVE ANALYTICS OF
SOCIAL INFLUENCE HELPS THE
US DEFENSE DEPARTMENT TO
MAKE POLICY DECISIONS ABOUT
DEALING WITH RADICALISM
33
"2016 Trends to Watch: Telecoms Operations and IT" Ovum, 2015.
CUSTOMER EXPERIENCE,
ANALYTICS & OPERATIONAL
EFFICIENCY TOP IT TRENDS TO
EXPECT FROM TELCOS
34
"Redefning Markets: The CMO Point of View" IBM, 2016.
60% OF CMOS PREPARE TO BRING
IN MORE DATA DRIVEN INSIGHTS
INTO MARKETING CAMPAIGNS IN
THE NEXT 3-5 YEARS
35
"Marketers' Ability to Prove Their Impact " ITSMA/Vision Edge Marketing 2014
74% OF MARKETERS CAN'T
MEASURE & REPORT ON THE
CONTRIBUTION OF THEIR
PROGRAMS TO THE BUSINESS
36
"How Predictive Marketing Boosts B2B Business Performance" Forrester, 2015
B2B MARKETERS USING PREDICTIVE
ANALYTICS ARE 2.9X MORE LIKELY TO
REPORT REVENUE GROWTH AT
RATES HIGHER THAN THE INDUSTRY
AVERAGE
37
"Quantifying the Impact of Marketing Analytics" Harvard Business School Publishing, 2015
COMPANIES CURRENTLY SPEND 6.7%
OF THEIR MARKETING BUDGETS ON
ANALYTICS AND EXPECT TO SPEND
11.1% OVER THE NEXT 3 YEARS
38
"The Social Media Spend-Impact Disconnect" CMO Survey, 2016
SOCIAL MEDIA SPENDING IS
EXPECTED TO CLIMB TO A 20.9%
SHARE OF MARKETING BUDGETS
IN 5 YEARS EVEN WHEN ITS
ANALYTICS IS NOT YET FULLY
INTEGRATED & EMBEDDED
39
"Companies plan to massively increase spend on marketing analytics" VentureBeat, 2015
WHY MARKETERS AREN'TTHAT ADVANCED IN
THEIR
ANALYTICAL APPROACHES:
3
DIGITAL MARKETERS
STAY AT A JOB FOR ONLY
1-2 YEARS, ONAVERAGE
2
GIGANTIC SKILLS GAP
IN MOST
ORGANIZATIONS
AROUND DATA
SCIENCE
1
COMPANIES DON'T
HAVE VERY
FORMALIZED
STRATEGIES
40
WHY OPENTEXT ANALYTICS
41
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HOW OPENTEXT ANALYTICS WORKS
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THANK YOU!@gooowest
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