It is a mark of the rapid, current pace of development in artificial intelligence (AI) that machine learning (ML) models, until recently considered state of the art, are now routinely being referred to by developers and vendors as “traditional.” Generative AI, and large language models (LLMs) in particular, have taken the AI world by storm in the past year, automating and accelerating the development of content, including text, digital images, audio and video, as well as computer programs and...
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Topics:
business intelligence,
Analytics,
Cloud Computing,
Data Governance,
Data,
Digital Technology,
natural language processing,
AI & Machine Learning,
Analytics & Data,
analytic data platforms
As I have previously explained, we expect an increased demand for intelligent operational applications infused with the results of analytic processes, such as personalization and artificial intelligence-driven recommendations. These systems rely on the analysis of data in the operational data platform to accelerate worker decision-making or improve customer experience.
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Topics:
Analytics,
Data,
Digital Technology,
Streaming Analytics,
AI & Machine Learning,
Analytics & Data,
Streaming Data & Events,
Operational Data Platforms
The publication of Ventana Research’s 2023 Operational Data Platforms Value Index earlier this year highlighted the importance of incorporating analytic processing into operational applications to deliver personalization and recommendations for workers, partners and customers. This importance is being accelerated by interest in generative AI, especially large language models. The emergence of intelligent applications has impacted the requirements for operational data platforms with the need to...
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Topics:
Analytics,
Cloud Computing,
Data,
Digital Technology,
AI & Machine Learning,
Analytics & Data,
analytic data platforms,
Operational Data Platforms
The data and analytics sector rightly places great importance on data quality: Almost two-thirds (64%) of participants in Ventana Research’s Analytics and Data Benchmark Research cite reviewing data for quality and consistency issues as the most time-consuming task in analyzing data. Data and analytics vendors would not recommend that customers use tools known to have data quality problems. It is somewhat surprising, therefore, that data and analytics vendors are rushing to encourage customers...
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Topics:
Analytics,
Data Governance,
Data Management,
Data,
Digital Technology,
natural language processing,
AI & Machine Learning,
Analytics & Data
The data platforms market has traditionally been divided between products specifically designed to support operational or analytic workloads, with other market segments having emerged in recent years for data platforms targeted specifically at data science and machine learning (ML), as well as real-time analytics. More recently, we have seen vendor strategies evolving to provide a more consolidated approach, with data platforms designed to address a combination of analytics and data science, as...
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Topics:
Analytics,
Business Intelligence,
Cloud Computing,
Data,
Digital Technology,
AI & Machine Learning,
Analytics & Data,
analytic data platforms,
Operational Data Platforms
Despite the emphasis on organizations being more data-driven and making an increasing proportion of business decisions based on data and analytics, it remains the case that some of the most fundamental questions about an organization are difficult to answer using data and analytics. Ostensibly simple questions such as, “how many customers does the organization have?” can be fiendishly difficult to answer, especially for organizations with multiple business entities, regions, departments and...
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Topics:
Cloud Computing,
Data Management,
Data,
data operations,
AI & Machine Learning,
Analytics & Data
The shift from on-premises server infrastructure to cloud-based and software-as-a-service (SaaS) models has had a profound impact on the data and analytics architecture of many organizations in recent years. More than one-half of participants (59%) in Ventana Research’s Analytics and Data Benchmark research are deploying data and analytics workloads in the cloud, and a further 30% plan to do so. Customer demand for cloud-based consumption models has also had a significant impact on the products...
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Topics:
business intelligence,
Cloud Computing,
Data Management,
Data,
natural language processing,
data operations,
AI & Machine Learning,
Analytics & Data,
analytic data platforms,
Operational Data Platforms
One of the most significant considerations when choosing an analytic data platform is performance. As organizations compete to benefit most from being data-driven, the lower the time to insight the better. As data practitioners have learnt over time, however, lowering time to insight is about more than just high-performance queries. There are opportunities to improve time to insight throughout the analytics life cycle, which starts with data ingestion and integration, includes data preparation...
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Topics:
business intelligence,
Data,
data operations,
AI & Machine Learning,
analytic data platforms
Almost all organizations are investing in data science, or planning to, as they seek to encourage experimentation and exploration to identify new business challenges and opportunities as part of the drive toward creating a more data-driven culture. My colleague, David Menninger, has written about how organizations using artificial intelligence and machine learning (AI/ML) report gaining competitive advantage, improving customer experiences, responding faster to opportunities and threats, and...
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Topics:
Data Governance,
Data Management,
Data,
data operations,
AI & Machine Learning,
Analytics & Data,
analytic data platforms
I have previously written about growing interest in the data lakehouse as one of the design patterns for delivering hydroanalytics analysis of data in a data lake. Many organizations have invested in data lakes as a relatively inexpensive way of storing large volumes of data from multiple enterprise applications and workloads, especially semi- and unstructured data that is unsuitable for storing and processing in a data warehouse. However, early data lake projects lacked structured data...
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Topics:
Business Intelligence,
Data Governance,
Data Management,
Data,
AI & Machine Learning,
Streaming Data & Events,
analytic data platforms