ISG to Publish Two Studies on Growing Data Analytics Market
June 21 2021 - 12:08PM
Business Wire
Upcoming ISG Provider Lens™ reports will
examine providers of data analytics services and vendors of data
analytics platforms
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm, has launched two research
studies examining the growing data analytics market, with one study
examining providers of analytics services and the second examining
vendors of analytics platforms.
The study results will be published in two comprehensive ISG
Provider Lens™ reports, Analytics Services and Analytics Platforms,
both scheduled to be released in November. The reports will cover a
range of services and platforms offered in the increasingly
competitive data analytics market.
Enterprise buyers will be able to use information from the
report to evaluate their current vendor relationships, potential
new engagements and available offerings, while ISG advisors use the
information to recommend providers to the firm’s buy-side
clients.
Beginning in July 2021, all ISG Provider Lens evaluations will
feature new and expanded customer experience (CX) data that
measures actual enterprise experience with specific provider
services and solutions, based on ISG’s continuous CX research.
Enterprise customers wishing to share their experience about a
specific provider or vendor are encouraged to register here to
receive a personalized survey URL. Participants will receive a copy
of this report in return for their feedback.
The new analytics reports will show how data analytics services
providers and platform vendors are addressing the growing demand
for related products and services, said Kathy Rudy, partner and
chief data and analytics officer, ISG.
“The emergence of new technologies such as cloud computing, the
IoT, data science, machine learning and deep learning has created
opportunities for limitless applications and improvements in
business performance,” she said. “It would not be an exaggeration
to say that analytics is one of the key factors contributing to
some companies outperforming their competitors.”
For the service providers report, ISG has distributed surveys to
more than 100 data analytics service providers. Working in
collaboration with ISG’s global advisors, the research team will
produce three quadrants representing the services and products the
typical enterprise client is buying in the data analytics services
space, based on ISG’s experience working with its clients. The
three quadrants that will be covered are:
- Data Science Services, examining providers of services
that use scientific methods, processes, algorithms and systems to
derive knowledge, patterns and conclusions from both structured and
unstructured data. Service providers are expected to cater to
enterprise requirements, including, but not limited to, consulting,
identifying business use cases and developing statistical models
and algorithms.
- Data Engineering Services, assessing providers with
capabilities that involve the collection and aggregation of data
from structured, semi-structured and unstructured sources such as
email messages, word-processing documents and audio or video files.
Offerings from these service providers include, but are not limited
to, developing data pipelines and data models and managing file
format conversion.
- Data Lifecycle Management Services, looking at providers
that develop data governance systems, policies and procedures for
the effective and efficient management of data. Data handling
service providers manage the storage, sharing, archival and
retrieval of data by adhering to relevant compliance
guidelines.
For the platform vendors report, ISG has distributed surveys to
more than 70 data analytics platform vendors. Working in
collaboration with ISG’s global advisors, the research team will
produce two quadrants representing the services and products the
typical enterprise client is buying in the data analytics platforms
space, based on ISG’s experience working with its clients. The two
quadrants that will be covered are:
- Self-Service Business Intelligence Platforms, examining
vendors that offer commercially available off-the-shelf analytics
and business intelligence platforms to enterprises for their
advanced analytics reporting and visualization requirements. These
include modular solutions that combine the complex analysis of
large volumes of multi-structured data, with the ease of use
required by non-technical employees.
- Data Preparation and Integration Platforms, assessing
vendors of readily available platforms designed to support
enterprises in collecting, ingesting, collating, preparing,
transforming and integrating data across a variety of enterprise
applications and systems, business units, partners and customers.
Enterprises expect platform and solution vendors to have expertise
in handling heterogenous data, prebuilt connectors for critical
applications and data discovery.
The reports will cover the global data analytics market and
examine products and services available in the U.S., Germany and
Brazil.
ISG analysts Holm Landrock, Gowtham Kumar and Marcio Tabach will
serve as authors of both reports.
A list of identified providers and vendors and further details
on the studies are available in these digital brochures: Analytics
Services and Analytics Platforms. Companies not listed as data
analytics providers or vendors can contact ISG and ask to be
included in the study.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Germany,
Switzerland, the U.K., France, the Nordics, Brazil and
Australia/New Zealand, with additional markets to be added in the
future. For more information about ISG Provider Lens research,
please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 700 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210621005633/en/
Press: Will Thoretz, ISG +1 203 517 3119
will.thoretz@isg-one.com
Erik Arvidson, Matter Communications for ISG +1 617 755 2985
isg@matternow.com
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