Big data has become a big deal as the technology industry has invested tens of billions of dollars to create the next generation of databases and data processing. After the accompanying flood of new categories and marketing terminology from vendors, most in the IT community are now beginning to understand the potential of big data. Ventana Research thoroughly covered the evolving state of the big data and information optimization sector in 2014 and will continue this research in 2015 and beyond. As it progresses the importance of making big data systems interoperate with existing enterprise and information architecture along with digital transformation strategiesbecomes critical. Done properly companies can take advantage of big data innovations to optimize their established business processes and execute new business strategies. But just deploying big data and applying analytics to understand it is just the beginning. Innovative organizations must go beyond the usual exploratory and root-cause analyses through applied analytic discovery and other techniques. This of course requires them to develop competencies in information management for big data.
Topics: Big Data, Business Analytics, Business Performance Management (BPM), Cloud Computing, Cloudera, Customer Performance Management (CPM), Datawatch, Dell Boomi, Financial Performance Management (FPM), Hortonworks, Human Capital, IBM, Informatica, Information Management, Information Management (IM), Information Optimization, MapR, Mulesoft, Operational Intelligence, Operational Performance Management (OPM), Oracle, Paxata, Predictive Analytics, Sales Performance Management (SPM), SAP, Savi, SnapLogic, Splunk, Sumo Logic, Supply Chain Performance Management (SCPM), Tamr, Trifacta, Strata+Hadoop, Business Intelligence
Splunk’s innovated ability to access and use machine data for targeted operational insights can help improve IT and enhance business operational efficiency. Its work to capitalize on big data was part of my last analysis, while my colleague Tony Cosentino looked at its focus on search and operational analytics. Splunk also was a recipient of the 2012 Ventana Research Technology Innovation Award for IT Performance for Splunk Enterprise.
I’m happy to say that Ventana Research celebrated its tenth anniversary at our recent Business Technology Innovation Summit in San Jose at the Tech Museum. This location was fitting, since at the event we introduced and presented our first-ever Technology Innovation Awards and seventh annual Leadership Awards. If you did not get a chance to attend, we have the live webstream available for replay at no cost; thanks to Splunk for sponsoring this to let everyone enjoy the sessions.
Topics: Big Data, Business Analytics, Business Collaboration, Business Mobility, Business Performance Management (BPM), Ceridian, CFO, CIO, Cloud Computing, CMO, COO, Customer Performance Management (CPM), Datawatch, Financial Performance Management (FPM), IBM, Information Applications (IA), Information Management (IM), IT Performance Management (ITPM), Location Intelligence, Operational Intelligence, Operational Performance Management (OPM), Peoplefluent, Planview, Research, Saba, Sales Performance Management (SPM), SAP, Social Media, Splunk, Supply Chain Performance Management (SCPM), Technology, Workforce Performance Management (WPM), Business Intelligence
Splunk recently entered the financial markets as a publicly traded company (NASDAQ: SPLK) and also entered a new phase in its corporate growth. Splunk combines the power of search and discovery with analytics on data generated by IT systems, that they call machine data, and provide insight for a new generation of operational intelligence that helps everyone in IT including the CIO determine the efficiency of its systems that support business. The company has built a platform that can index data on a large scale (“big data”) for rapid analysis and search. They also through its analytics provide the ability to perform visual and data discovery which is critical to reduce the time to determining unknown issues in existing IT systems. This helps IT staff ascertain not just the performance but the efficiency of systems that operate on a 24-by-7 basis. Splunk’s software operates in real time, surpassing the traditional methods of applying business intelligence against a data warehouse – a practice that’s ineffective for use in IT, where time is not the CIO’s friend when it comes to understanding issues or opportunities for improvement. Splunk has grown rapidly, partly because it’s simple to download and try, and then to license for use in production. It has more than 3,300 licensed customers in 75 countries. The management team is led by CEO Godfrey Sullivan, who has experience and a track record at companies such as Hyperion.
Topics: Big Data, Business Analytics, Business Collaboration, Business Mobility, Business Performance Management (BPM), Business Technology, CIO, Cloud Computing, Customer Performance Management (CPM), Financial Performance Management (FPM), Governance, Risk & Compliance (GRC), Information Applications (IA), Information Management, Information Management (IM), Information Technology, IT Analytics, IT Performance Management (ITPM), Location Intelligence, Machine data, Operational Intelligence, Operational Performance Management (OPM), Social Media, Splunk, Supply Chain Performance Management (SCPM), Strata+Hadoop, Business Intelligence